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Austria: Real Estate Prices Surging since Financial Crisis
Politics ♦
Published: January 20, 2014; 17:19 ♦ (Vindobona)
Prices in the Austrian real estate market have been rising dramatically since the financial crisis broke out.
Austria: Real Estate Prices Surging since Financial Crisis / Picture: © Vindobona.org
The Austrian National Bank (OeNB) now has what other central banks have been appling for years: an indicator for real estate prices. From 2007, the year before the financial crisis broke out, until mid-2013 a price hike of almost 39 percent was registered which is the highest increase in the Eurozone. In Vienna, a price increase as high as 80 percent was recorded, according to the…
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