Property in Vienna has risen by 32% since 2007
Since 2007, the average rent for a house in Vienna increased by 30% and the cost of real estate – by 32%. For five years, housing prices have risen from € 2500 to € 3891 per sqm In prime Vienna prices has exceeded € 9,000 for “square”. However, experts see no reason to believe until the Austrian capital market overheated.
Austrian real estate investors attracted by its stability
Annual investment in the real estate sector in Austria are growing thanks to the transparency of the market, as well as political and economic stability. It is projected that the country’s GDP will grow by 0.9% in 2013. Also, it is registered the lowest unemployment rate in Europe – 4.4% of the working population.
In Austria, the construction boom bypasses the Italian border
While most of the regions of Austria benefit from the construction boom, house prices are falling at the Italian border.
In Carinthia it best demonstrates the resort town of Bad Kleinkirchheim, where in recent years a number of Italians invested in second homes.
Expensive real estate in Austria, as in Germany
Austrians, wary of the eurozone crisis, invest your money in real estate, which causes prices to rise, as well as in neighboring Germany.
The most significant rise in house prices recorded in the capital, noted by international brokers. Read more »
