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Austria's Real Estate Market Continues to Weaken: Hope for Recovery in 2025
Economic uncertainty, high interest rates, and strict lending guidelines also left their mark on the Austrian real estate market in 2024. While prices and transaction volumes fell in some federal states, Vienna recorded growth. Experts see opportunities for a recovery in the coming year.
Overall, it is clear that although the real estate market in Austria remains under pressure, there are already signs of recovery in some regions. / Picture: © Wikimedia Commons / Simon Legner (User:simon04), CC BY-SA 4.0
The Austrian real estate market remained under pressure in 2024. High inflation, rising interest rates, and stricter lending guidelines meant that many potential buyers hesitated or were unable to access financing in the first place. This led to a slight decline in the transaction volume of real estate purchases by 0.7% to €24.1 billion. In comparison: during the real estate boom in…
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