Vienna: Property Market Still Booming

Professional Services › Real Estate ♦ 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: © Vindobona.org

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 FindMyHome.at and Resag, the wholly-owned subsidiary of…

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Property Market, Real Estate Industry
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