Real Estate in Vienna: Offer Does Not Catch up Demand

Politics ♦ Published: March 25, 2014; 15:50 ♦ (Vindobona)

There is a growing trend towards population increase as well as small households in Vienna.

Experts forecast a strong accelerating prices due to the gap of demand and supply. / Picture: ©

Living in Vienna will remain expensive. For the year 2014 an increase in rental rates by 2 to 2.5 percent is expected. The volume of condominiums is also expected to rise by 3 to 5 percent. The dramatic price increase is due to the consistent demand, which was pointed out at a real estate report presentation by real estate companies EHL and BUWOG on Tuesday.

Until 2050…