Difficulties in the Vienna Real Estate Market
Published: November 4, 2010; 11:42 · (Vindobona)
While there is a strong demand, there are few offers for investment properties in Vienna. The market turnover drops dramatically.
Difficulties in the Vienna Real Estate Market / Picture: © Vindobona.org
The purchase of an object that is generating a return of 0.6% currently is not a mistake, but a good deal. "In the City there are even deflationary houses", says Eugen Otto, CEO of Otto Immobilien. In general, the demand is enormous, but the offer is very low: “Those who own an investment building, would rather not part with it these days”, according to Otto.
Accordingly,…
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