Austrian Real Estate Sector: Sales Are Going Down

Published: August 6, 2013; 21:13 · (Vindobona)

In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.

Austrian Real Estate Sector: Sales Are Going Down / Picture: © Flickr

Compared to the first half year of 2012, the Austrian property sector recorded a decrease by 14% in the first six months of 2013. In total, 37,300 units were sold in the first half of 2013. The sale volume decreased 11% to € 7.23bn. In Austria´s capital Vienna, sales slumped by 26% compared to the reference period of 2012.

Nevertheless, prices are still moving upwards.…

This article includes a total of 199 words.

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