Vienna: Luxury Real Estate Segment Booms

Lifestyle & TravelLuxury Goods ♦ Published: April 15, 2014; 12:24 ♦ (Vindobona)

In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.

Vienna: Trend for Luxury / Picture: ©

In the last few years, massive tensions came up in Vienna´s residential property market. While the residential property demand is growing continuously, the supply side rigid.

In 2014, the price level is anticipated to reach new records. Since 2007, property prices were up by 80% in the Austrian capital. The rapid price increase in the last few years was mainly driven by…