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Major Changes in Viennese Property Market
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After 2008, frame conditions in the Viennese residential property market have changed fundamentally. Four major trends were observable.
Major Changes in Viennese Property Market / Picture: © Vindobona.org
In the last years, the Viennese property market sent four signals. First, the price level continues to increase steadily. Since 2008, the price level of residential property was up by 30%. Second, the heterogeneity of Viennese properties is diminishing gradually. According to Andreas Wollein, head of the Austrian Real Estate Industry Association (ÖVI), there are no bad districts…
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