15 years of real estate fluctuations: A look at the Austrian market

15 years of real estate fluctuations: A look at the Austrian market

In the last 15 years, the real estate industry in Austria has experienced remarkable change. Not only has the market grown, but it has also experienced a significant increase in property prices and continued demand. These findings come from a comprehensive evaluation by the land registry expert IMMOunited, which offers a deep insight into the development of the Austrian real estate market.

Since its founding, IMMOunited has placed great value on transparent and trusting cooperation with its customers. Roberto Schmid, the company's managing director, emphasizes that a solid information base is fundamental in the dynamic real estate industry. He sees the future of the market not only in growth, but also in the stability and reliability of the partners.

Fascinating developments in transaction volumes

In the past 15 years, more than 1.8 million properties worth a total of over 435 billion euros have changed hands. A look at the price development shows that in 2009 the average purchase price was around 178,000 euros, while by 2024 it had risen to around 302,000 euros, which corresponds to almost a 70 percent increase.

The price development is particularly noticeable in the federal states of Burgenland, Lower Austria and Carinthia, which are among the frontrunners in price increases. A continuous increase in prices per square meter was observed in the years up to 2022, but this reached a flat phase in 2023. The apartment sector has experienced an increase in value of around 118 percent compared to 2009, with Burgenland standing out as the frontrunner with an increase of 143 percent.

In the building land category, Vienna is ahead, with an almost four-fold increase in value. Vorarlberg and Tyrol follow closely behind. By evaluating IMMOstats, price changes at district level were also examined. The Gmünd district in the Waldviertel stands out here, recording an increase of over 320 percent.

Buyer structure and its development

A closer look at the buyer structure shows that private individuals are still in the majority when it comes to buying real estate. The proportion of legal entities has increased only slightly in recent years from around 9 to just under 11 percent. Interestingly, the gender ratio in purchasing behavior remains stable. Around 10 percent more buyers than female buyers purchase real estate, with men being more strongly represented, particularly when it comes to single-family homes.

The origin of the buyers is also analyzed by IMMOunited. It turns out that, in addition to local buyers, people interested in real estate from Germany are increasingly entering the Austrian market. Different national buyers dominate in different federal states, with Germany leading in almost all regions. In Burgenland, Hungary and Slovakia also represent significant shares in real estate acquisition.

The further development of the market and the increasing trust in IMMOunited's services motivate the managing director to continually invest in innovative solutions. Analysis over the past 15 years provides a clear overview and helps identify future trends that will be important to investors and buyers.

For more details on developments in the Austrian real estate market and the survey methods, IMMOunited's current reports are a valuable source of information that offers deeper insights into the trends and results. Further information is available here.