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Real Estate in Vienna: Offer Does Not Catch up Demand
Politics ♦
Published: March 25, 2014; 15:50 ♦ (Vindobona)
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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: © Vindobona.org
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…
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