Vienna: Property Market Still Booming

Published: November 19, 2012; 17:58 · (Vindobona)

On average, prices for new apartments rose by 9.7% from October 2011 to October 2012.

Vienna: Property Market Still Booming / Picture: ©

Due to the crisis in the Eurozone, property prices continue to increase. The negative real interest rate let savers switch to property investments. Furthermore, many Austrians fear that the inflations will grow further. In the same period, rents grew by 6.6%. Prices for used apartments were up by 9.7%. These data were published by and Resag, the wholly-owned subsidiary of…

This article includes a total of 199 words.

or Log In

Fast News Search