Rents in Austria continue to rise: Crisis brings new records!

Rents in Austria continue to rise: Crisis brings new records!

Österreich, Österreich - The housing costs in Austria and Germany are constantly increasing, and the burdens for tenants accept dramatic proportions. In the fourth quarter of 2024, the average square meter price for rental apartments in Austria climbed to EUR 9.9, which corresponds to an increase of 4.2 percent compared to the previous year, reports kosmo.at . The increase in the second quarter of 2023 was particularly striking, which was recorded at 8.1 percent as the largest since the start of the survey in 2012. The monthly rental costs including operating costs were 662.9 euros in the last quarter, which means a sudden increase in 4.5 percent in 2024.

In Germany, an analysis of Immoscout24 Metropolises have risen by 20 percent since the 2022 energy crisis. The average additional costs for existing apartments currently amount to 2.94 euros per square meter, which has corresponded to an increase of 16.7 percent since the beginning of 2022. In the eight largest cities, tenants pay significantly higher additional costs for a 70 square meter apartment than in the rest of the country, which is a considerable financial burden in addition to the already high rent.

Double pollution due to rising rents and additional costs

as IMMOSCOUT24 reports, the rental costs and additional costs in the metropolises increase dramatically. The report reveals that tenants have to spend an average of 428 euros more per year for additional costs than in the rest of the country. The reasons for this in -depth cost burden are above all the higher prices for services that flow into the operating costs, such as caretaker services and maintenance costs. These developments lead to a double burden for tenants in Germany, which not only have to rent with increasing cold, but also have to cope with higher operating costs.