Real estate market 2025: Despite stable prices awaited!

Real estate market 2025: Despite stable prices awaited!

The real estate markets in Austria show clear signals of relaxation, and 2024 is being challenging, but still successful for the Re/Max Group. According to a current study in which over 600 real estate experts were interviewed, an upward trend in real estate sales is expected. RE/Max Austria recorded the second best year in its company history in 2024, with an increase in the real estate sold by 18.3 % compared to the previous year and a transaction volume of 2.25 billion euros. This is particularly noteworthy because the overall market in the same period decreased by about 10 %, as Re/Max reported, which indicates a gain in market shares.

optimism for 2025

For 2025, the experts expect further stabilization in the industry, whereby the demand for real estate is supposed to increase by 5.2 % and the supply by 5.4 %. Despite inflation, prices are unlikely to rise, which means that the real estate market is noticeably moving without the prices exploding, as Mag. Anton Nenning, Head of Research at Re/Max Austria. At the same time, Bernhard Reikersdorfer, MBA, Managing Director of Re/Max Austria, indicated that the persistently high interest and the KIM regulation, which are a hurdle for many potential buyers, are now looking forward to a clear expiry date after continuing pressure. This could increase the willingness to invest and boost the construction industry, which has a positive effect on tax revenue.

The developments in the rental area also show an interesting turn: While the range of rental apartments is falling due to increasing demand, prices rise as expected. The demand in central locations could increase up to 9.7 % above the previous level. However, a differentiation in demand is observed in the more rural areas, whereby the trend is clearly towards the city. In response to the potential market movement, the RE/Max plan to further expand the location in Vienna and Salzburg and to increase the number of franchise partners, which could further promote the dynamics of the market, as can be seen from the forecast of Immofokus.at.

The combination of increasing demand and a stable market environment shows the experts optimistically into the future and shows that the real estate market in Austria may be ready for a real turn after the difficult years.