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The Hike of Real Estate Prices Is Ending
The rise of prices for real estate is slowly coming to an end. The Austrian Real Estate Association (OVI) reported in front of journalists that the prices have hit the ceiling now. However, this is not a drop in prices but just a stabilization of them. The demand for real estate has gone back in the last months.
Real Estate Prices Are about to Stabilize in Austria, According to the Austrian Real Estate Association. / Picture: © Wikimedia Commons / FreeclimbZurich / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)
The real estate boom is over. "After a decade of constantly rising prices, a ceiling seems to have been reached," said Andreas Wollein, board member of the Austrian Real Estate Association (OVI), on Tuesday in front of journalists. The prices calm down. However, this only means lower rates of increase. "It won't get any cheaper." For this year he expects a moderate price increase of…
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