Austrian Real Estate Market: Residential Housing Still Affordable

Published: September 27, 2013; 20:08 · (Vindobona)

Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.

Austrian Real Estate Market: Residential Housing Still Affordable / 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. The pace of the price hikes slowed in the first half year of 2013, which suggests that general conditions are increasingly returning to normal. Despite this marked price growth,…

This article includes a total of 185 words.

or Log In