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Austria: Real Estate Prices Surging since Financial Crisis

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: © Flickr

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…

This article includes a total of 442 words.

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