Austrian Real Estate Market: Prices Stagnate on a High Level

Published: December 17, 2013; 22:47 · (Vindobona)

After the boom in the last years, the Austrian real estate market has lost momentum. Next year, the price level will not move up further.

Austrian Real Estate Market: Prices Stagnate on a High Level / Picture: © Flickr

Rising demand triggered partially by the crisis prompted a robust increase in residential property prices, which peaked last year with average growth in Austria of 12 percent, and in Vienna of nearly 16 percent, Bank Austria reported.

In meantime, Austrian properties are more difficult to finance for average earners. Apartments in the price segment above € 250,000 are not…

This article includes a total of 215 words.

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