Austria: Looming Real Estate Bubble in Vienna

Professional ServicesReal Estate ♦ Published: March 11, 2014; 10:02 ♦ (Vindobona)

While the official opinion is that there are dangerous price tendencies, some experts warn of the danger of a real estate bubble in the Austrian capital.

Experts spot a real estate bubble in Vienna. / Picture: ©

There are dangerous price tendencies but there is no danger of a real estate bubble, accoring to the offical opinion about the residental real estate market in Vienna. However, this is based on offer prices of real estate portals. Estate agency Remax is aware of the land register prices which prove to be different. The real estate bubble at the suburbs in Vienna is about to…