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Austria: Real Estate Prices Surging since Financial Crisis
Politics ♦
Published: January 20, 2014; 17:19 ♦ (Vindobona)

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Prices in the Austrian real estate market have been rising dramatically since the financial crisis broke out.

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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