Real Estate Market: Austria Is Underdeveloped

Professional Services › Real Estate ♦ Published: November 21, 2012; 17:41 ♦ (Vindobona)

Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.

Real Estate Market: Austria Is Underdeveloped / Picture: © Vindobona.org

Only 44% of the Austrians have an own apartment or house. In the EU, the figure comes at 56%. In Poland, 69% of the properties are owner-occupied. Italy, Spain and Luxembourg (68% each) rank second. In Germany, the figure is even lower than in Austria (40%). In Austria, 18% of the homeowners have an open mortgage loan. The lowest mortgage quota is recorded in Turkey and Romania (11%).…

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