Free Membership
Newsletter
Help
Subscribe
Sign In
Search
March 27, 2023
All times are Vienna time
Search
Subscribe
Sign In
Countries:
Africa »
Algeria Angola Benin Botswana Burundi Côte d'Ivoire Ethiopia Ghana Guinea Kenya Lesotho Liberia Libya Mali Mauritius Morocco Mozambique Namibia Niger Nigeria Rwanda South Africa Sudan Tanzania The Congo Togo Tunisia Uganda Zambia Zimbabwe
Asia-Pacific »
Afghanistan Australia Bangladesh Cambodia China Hong Kong SAR India Indonesia Japan Laos Malaysia Mongolia Myanmar Nepal New Zealand North Korea (DPRK) Pakistan Philippines Singapore South Korea Sri Lanka Taiwan Thailand Vietnam
Central- & Eastern Europe »
Albania Bosnia & Herzegovina Bulgaria Croatia Czech Rep. Estonia Georgia Hungary Kosovo Latvia Lithuania North Macedonia Montenegro Poland Romania Serbia Slovakia Slovenia Ukraine Western Balkans
Middle East »
Egypt Iran Iraq Israel Jordan Kuwait Lebanon Oman Palestinian Territories Qatar Saudi Arabia Syria Turkey United Arab Emirates Yemen
Russia & CIS »
Russia Armenia Azerbaijan Belarus Kazakhstan Kyrgyzstan Moldova Turkmenistan Uzbekistan
The Americas »
Argentina Bolivia Brazil Canada Central America Chile Colombia Cuba Ecuador Mexico Panama Paraguay Peru The Caribbean Uruguay Venezuela
United States
Western Europe »
Belgium Cyprus Denmark Finland France Germany Greece Iceland Ireland Italy Liechtenstein Luxembourg Malta Monaco Norway Portugal Scotland Spain Sweden Switzerland The Netherlands United Kingdom Vatican City
Business:
Economy
Economic Policies
Investing in Austria
Securities
Earnings
Foreign Trade
Deals
Legal Issues
More Business & Economics+
Politics:
Domestic
Brussels
International
Diplomacy
Companies:
Professional Services »
Banks Financial Services Real Estate Insurance Other Services
Energy »
Oil & Gas Utilities Renewables Mining
Industrials »
Construction Automotive Industrial Goods Basic Resources Chemicals Other Industrials
Transport »
Airlines & Airports Shipping Rail Road
Retail & Consumer
Health Care
Technology
Telecoms
Media
Tourism
Other
Organizations:
Diplomatic Missions
International Organizations
Other
People:
Executives
Politicians
Diplomats
Entrepreneurs
Other
Lifestyle & Travel:
Culture
Travel
Personal Real Estate
Health
Food & Drink
Luxury Goods
More+
More+:
Events
Photo Galleries
Videos
Classifieds
Work & Careers
More+
Home
Countries
Business
Politics
Diplomacy
Companies
Organizations
People
Lifestyle & Travel
More+
Africa
Algeria
Angola
Benin
Botswana
Burundi
Côte d'Ivoire
Ethiopia
Ghana
Guinea
Kenya
Lesotho
Liberia
Libya
Mali
Mauritius
Morocco
Mozambique
Namibia
Niger
Nigeria
Rwanda
South Africa
Sudan
Tanzania
The Congo
Togo
Tunisia
Uganda
Zambia
Zimbabwe
Asia-Pacific
Afghanistan
Australia
Bangladesh
Cambodia
China
Hong Kong SAR
India
Indonesia
Japan
Laos
Malaysia
Mongolia
Myanmar
Nepal
New Zealand
North Korea (DPRK)
Pakistan
Philippines
Singapore
South Korea
Sri Lanka
Taiwan
Thailand
Vietnam
Central- & Eastern Europe
Albania
Bosnia & Herzegovina
Bulgaria
Croatia
Czech Rep.
Estonia
Georgia
Hungary
Kosovo
Latvia
Lithuania
North Macedonia
Montenegro
Poland
Romania
Serbia
Slovakia
Slovenia
Ukraine
Western Balkans
Middle East
Egypt
Iran
Iraq
Israel
Jordan
Kuwait
Lebanon
Oman
Palestinian Territories
Qatar
Saudi Arabia
Syria
Turkey
United Arab Emirates
Yemen
Russia & CIS
Russia
Armenia
Azerbaijan
Belarus
Kazakhstan
Kyrgyzstan
Moldova
Turkmenistan
Uzbekistan
The Americas
Argentina
Bolivia
Brazil
Canada
Central America
Chile
Colombia
Cuba
Ecuador
Mexico
Panama
Paraguay
Peru
The Caribbean
Uruguay
Venezuela
United States
Western Europe
Belgium
Cyprus
Denmark
Finland
France
Germany
Greece
Iceland
Ireland
Italy
Liechtenstein
Luxembourg
Malta
Monaco
Norway
Portugal
Scotland
Spain
Sweden
Switzerland
The Netherlands
United Kingdom
Vatican City
Economy
Economic Policies
Investing in Austria
Securities
Earnings
Foreign Trade
Deals
Legal Issues
More Business & Economics+
Domestic
Brussels
International
Professional Services
Banks
Financial Services
Real Estate
Insurance
Other Services
Energy
Oil & Gas
Utilities
Renewables
Mining
Industrials
Construction
Automotive
Industrial Goods
Basic Resources
Chemicals
Other Industrials
Transport
Airlines & Airports
Shipping
Rail
Road
Retail & Consumer
Health Care
Technology
Telecoms
Media
Tourism
Other
Diplomatic Missions
International Organizations
Other
Executives
Politicians
Diplomats
Entrepreneurs
Other
Culture
Travel
Personal Real Estate
Health
Food & Drink
Luxury Goods
More+
Events
Photo Galleries
Videos
Classifieds
Work & Careers
More+
Latest News
Ukrainian War
Covid in Austria
USA in Vienna
UK in Vienna
Russia in Vienna
China in Vienna
Iran in Vienna
UN
OSCE
IAEA
OPEC
Sponsored Content
Tweet
Share

Real Estate in Austria: Purchase Prices of Houses and Apartments Up 10.7 Percent

Lifestyle & Travel › Personal Real Estate ♦ Published: September 23, 2021; 11:05 ♦ (Vindobona)
Sponsored Content

The Austrian House Price Index - prices on the residential real estate market - continue to rise. With an increase of 10.7% compared to the 1st half of 2020, the price increase for houses and apartments was significantly above the average of recent years. Detailed information on the house price index can be found below.

The Austrian House Price Index rose by 10.7% in the first half 2021. / Picture: © Wikimedia Commons / Frank Schwichtenberg, ECB decisions ECB/2003/4 and ECB/2003/5

The House Price Index (HPI) shows a price increase of 10.7% for the 1st half of 2021 compared to the same period of the previous year, according to Statistics Austria.

In the 1st quarter of 2021, the prices of houses and apartments increased by 9.7% compared to the same quarter of the previous year (+6.2% compared to the previous quarter) and by 11.7% in the 2nd quarter (+4.2% compared to the previous quarter).

"Prices in the residential real estate market continued to pick up in the first half of 2021. With an increase of 10.7% compared to 1H 2021, price growth for houses and apartments was well above the average of 6.1% over the past three years. Favorable credit and continued strong demand caused prices to rise, regardless of whether it was a house or apartment, urban or rural. The increase in the consumer price index, which focuses on consumer goods prices and not on assets, was significantly lower at 1.9% in the same period," says Statistik Austria Director General Tobias Thomas.

Sponsored Content

Existing housing and new apartments and houses rose sharply in price

Existing condominiums purchased by households for residential purposes recorded the highest price increase of +14.4% compared to H1 2020 (Q1: +12.4%, Q2: +16.4%).

Existing homes were slightly lower at +11.5% (Q1: +12.1%, Q2: +11.0%).

Combined, this resulted in an increase of 13.1% for the existing housing sub-index in H1 2021 (Q1: +12.3%, Q2: +14.0%).

The "purchase of new housing" subindex, which tracks the price development of new apartments and prefabricated houses, increased by 4.3% in H1 2021 compared with the same period in 2020 (Q1: +3.1%, Q2: +5.4%).

Prices for owner-occupied housing up 4.4%

The Owner Occupied Housing (OOH) price index is an extension to the house price index.

It includes expenses associated with the acquisition and ownership of housing, such as fees of acquisition, insurance, and costs of repairs and renovations, in addition to the acquisition of new and existing housing.

It increased by 4.4% in H1 2021 (Q1: +3.4%, Q2: +5.5%) and had an index level of 143.67 points in Q2 2021.

The sub-index for the prices of the acquisition of housing increased by 5.9%, here the rising construction costs in the item "Self-built housing and major renovations" (Q1: +3.7%, Q2: +7.2%) are noticeable.

Sponsored Content

Expenditures for the maintenance of owner-occupied housing increased by 2.2% in H1 2021 (Q1: +1.8%, Q2: +2.5%).

Statistik Austria

Copyright © Vindobona. You may share using our article tools. Please don't cut articles from Vindobona and redistribute by email or post to the web.
Sponsored Content
Fast News Search
Related News
Real Estate: Property Becoming Increasingly Expensive in Austria (August 4, 2021)
Austrians Cannot Afford Own Home (May 19, 2021)
Austrian Residential Property Market: Prices Continue to Rise (April 28, 2021)
Austria's Real Estate: Single-Family Houses Expensive, Offices Cheap (January 5, 2021)
Read More
Real Estate Industry, Property Market, Statistics
Featured
See latest Vindobona Newsletter
Sign up now for full site access and to read a limited amount of free premium articles per month:
Sign Up
×
Sponsored Content
Sponsored Content
©1995-2023 Vindobona
Contact
Help
Imprint
Press
Careers
Partners
Terms & Conditions
Site Security
Privacy
Sitemap
Advertise
About Us