Austria: Properties Worth € 10bn Inherited Every Year

BusinessEconomy ♦ Published: November 7, 2012; 23:50 ♦ (Vindobona)

According to Raiffeisen Bausparkasse, Austria faces a boom in real estate inheritances.

Austria: Properties Worth € 10bn Inherited Every Year / Picture: © Vindobona.org

About 75% of the interviewed persons will inherit properties. However, only 79% of these inheritances will be worth more than € 100,000. In 6% of all cases, the value is higher than € 500,000.

Manfred Url, CEO of Raiffeisen Bausparkasse warns that the boom in real estate inheritances does not mean that broad population groups will have financial security. Often the value of…