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Property Market: Vienna More Attractive than Berlin or Munich
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Published: January 15, 2014; 05:30 ♦ (Vindobona)
Compared to German metropolises, the Viennese property market has still a significant upside potential. Nevertheless, the office market in Vienna is expected to stagnate in the next few years.
Property Market: Vienna More Attractive than Berlin or Munich / Picture: © Vindobona.org
Although the property market is highly developed in Vienna, the price level is still lower than in the largest German cities Berlin, Munich, Hamburg or Düsseldorf. According to Florian Nowotny, board member of the Vienna-listed real estate group CA Immo, the Viennese property market benefits from the excellent infrastructure. In the last few decades, the expansion of the subway…
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