Austrian Residential Property Market: Prices Continue to Rise

Lifestyle & TravelLuxury Goods ♦ Published: April 28, 2021; 19:50 ♦ (Vindobona)

The real estate market in Austria continues to boom. Last year again surpassed the record set the year before, with both sales and the value of properties sold continuing to rise in 2020 compared with 2019. The most expensive district outside Vienna remains Kitzbühel in Tyrol. Housing prices in a five-year comparison: Austria: +26%, Vienna: +21%, Burgenland: +47%, Vorarlberg: +45%, Carinthia: +18%. Find out how the Austrian real estate market works.

Housing market in Austria: The statistical average price per square meter is €3,479. / Picture: © Wikimedia Commons / Simon Legner (User:simon04), CC BY-SA 4.0

According to the current "RE/MAX ImmoSpiegel", after a short break in 2019, the residential market has increased to 50,386 registered units in 2020, which is +554 compared to 2019 and +164 compared to …