Real Estate Boom in Austria

Professional ServicesReal Estate ♦ Published: December 14, 2011; 19:32 ♦ (Vindobona)

Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.

Real Estate Boom in Austria / Picture: ©

“We now arrived at a point where “normal” people sometimes close their savings accounts or their life insurances and ask for real estate investments.”, real estate representatives say on the occasion of a press conference. According to the real estate agents, such people do not want profits, but a safe haven for their savings. In many cases, people tend not to invest in…