Real estate prices in Austria continue to rise: Vienna leads the list!

Real estate prices in Austria continue to rise: Vienna leads the list!

Wien, Österreich - Real estate prices in Austria continued to increase in 2024. The latest data show that the median price per square meter for condominiums has risen from 3,991 euros to 4,000 euros. The median price for houses also received an increase, from 2,661 euros to 2,709 euros. However, the prices are still below the maximum of 2022. Houses of around 184 euros per square meter cost less.

A concise example of this development has the buildable land, the median price of which has increased from 105 euros to 124 euros per square meter. The regional price differences are also considerable. In Vienna, for example, the price for houses is 5,492 euros per square meter, followed by Vorarlberg with 5,077 euros and Salzburg with 5,000 euros. In contrast, the lowest prices for houses in Burgenland can be found at 1,804 euros and in Styria at 2,411 euros.

regionally varying prices

The price differences are not only significant between different real estate types, but also regionally. The costs for apartments in Vorarlberg are the highest at 4,962 euros per square meter, followed by Vienna with 4,941 euros and Salzburg with 4,926 euros. On the other hand, the lowest prices for apartments in Burgenland can be found with 1,921 euros and in Styria with 2,696 euros.

Another factor that contributes to the price differences is the age of the objects. This explains why the median price for buildable land in Vienna is 786 euros per square meter, whereas it is 689 euros in Vorarlberg and 350 euros in Tyrol. The lowest prices for buildable land are recorded in Burgenland with 70 euros, in Carinthia with 85 euros and in Styria with 91 euros.

meaning of the data for buyers and investors

The data on property prices in Austria not only reflect the current market events, but are also important for potential buyers and investors. The real estate average prices published at the regional level take into account various factors such as living areas, base areas, construction periods and the location of the objects. statistics.at emphasizes that a regression model is used to precisely map price development.

In addition, the updated prices for calculating the real estate transfer tax can be used for free acquisition. For a more detailed analysis of the price development and a comprehensive price comparison, the information is recommended on [Immopreise.at] (https://immofreise.at/preis comparison) that offer additional insights into the real estate market.