Demand for Luxury Real Estate in Austria Increased by 12 Percent Due to the Corona Situation

Lifestyle & Travel › Luxury Goods ♦ Published: January 17, 2022; 17:06 ♦ (Vindobona)

Luxury real estate demand increased by 12 percent in Austria in 2021, according to the Engel & Völkers Group. Read more about the luxury real estate trends in Austria and around the world.

CEO of the Engel & Völkers Group Sven Odia: "The significant rise in international demand in the premium segment reflects the stability of the market." / Picture: © Wikimedia Commons / Rackstorrocky, CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)

According to the Engel & Völkers Group, demand for luxury real estate in Austria increased in 2021 due to the COVID-19 pandemic.

Engel & Völkers showed a strong performance in the DACH region (Germany, Austria, and Switzerland), increasing revenues by 12 percent to approximately 310 million euros. …

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