Persistent Boom in Austrian Real Estate Prices

Published: May 30, 2012; 15:24 · (Vindobona)

On average, property and apartment prices were up by 6% last year. This is substantially above the inflation rate.

Persistent Boom in Austrian Real Estate Prices / Picture: © Flickr

In most categories, the real estate price growth was above the inflation rate of 3.3%. Prices for building plots and freehold apartments were up by 6%.

As demand remained relatively high and real estate investments are still seen as safe haven, the trend will continue, Thomas Malloth at the Austrian Real Estate Federation said.

As a consequence, the high prices in the…

This article includes a total of 191 words.

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