Housing market in Tyrol: price kink or trend reversal?

Housing market in Tyrol: price kink or trend reversal?

Reutte, Österreich - The current ** apartment prices in Tirol ** show a significant decline in how the platform willhaben . In many districts, the offer prices have dropped noticeably: in the Reutte district even by a whopping 14.5 percent compared to 2023 and in the Lienz district by 8.6 percent. But there are also exceptions. In Innsbruck-Stadt, prices rose by 5.5 percent in 2024, while in Kufstein there was an increase of 1.7 percent and 0.2 percent in Landeck. The real estate experts explain that the market development has a positive effect on the construction and real estate industry due to the upcoming interest rate changes. The dream of property seems tangible again for many after a long time.

demographic changes

parallel to these developments shows Statistics tirol that the population in Tyrol rose to a total of 764.102 on January 1, 2022, which corresponds to an increase of 0.5 percent compared to the previous year. The aging of the population is particularly evident: the proportion of over 85-year-olds has increased significantly in the past two decades. In 2022, around 18.8 percent of the Tyrolean population lived in senior citizens, while the proportion of children under the age of 15 fell to 14.5 percent. These demographic changes are a challenge for the real estate industry, since the age structure also has an impact on the apartment requirements and the price trends based on them.

The higher life expectancy means that older people remain in the region and possibly have other living needs, which affects the range of suitable properties in Tyrol. While some districts benefit from growth in the population, others are affected by a stagnating market, as Lienz shows with a decline of 0.3 percent in the population. These dynamic developments require a continuous adaptation of the living and real estate strategy in Tyrol.