Austrian Real Estate Market is “Sold Out”

Published: March 20, 2012; 16:27 · (Vindobona)

The boom of Austrian property prices does not end. Prices for one-family houses were up by 6.4% on average.

Austrian Real Estate Market is “Sold Out” / Picture: © Vindobona.org

Due to inflation fears, Austrians tend to shift their savings towards real estate. Compared to 2010, prices for new apartments rose by 1.2% on average. Used apartment prices rose by 2.7% on average. “The market is sold out.” Alexander Ertler, CEO of the real estate platform Immobilien.net. Demand in real estate was up by 40% over the last two years. Prices rose by 3.5% on average…

This article includes a total of 187 words.

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