Real estate prices in Austria: Where are the bargains in 2025?

Real estate prices in Austria: Where are the bargains in 2025?

The current real estate prices in Austria show a significant decline compared to previous years. According to 5min.at, the average prices for housing in 2024 fell below the 2022 level. The price per square meter for condominiums in 2024 was around 340 euros below the peak in 2022, while the prices for residential buildings were reduced by around 184 euros per square meter.

The average price for residential buildings in Austria is 2,709 euros per square meter. Real estate is particularly expensive in the following regions:

• Wien: 5.492 Euro
• Vorarlberg: 5.077 Euro
• Salzburg: 5.000 Euro
• Tirol: 4.920 Euro

In other federal states, such as Upper Austria and Lower Austria, the prices are close to the Austrian average at 2,762 euros and 2,515 euros. The lowest real estate prices are recorded in Carinthia (2,464 euros), Styria (2,411 euros) and Burgenland (1,804 euros).

Price development for condominiums

A look at property prices also reveals interesting trends. Property prices are particularly high in winter sports areas and metropolitan areas. Top prices for properties are achieved in Reith near Kitzbühel (2,666 euros), Kitzbühel (2,517 euros) and Salzburg (1,379 euros). In Vienna, the most expensive districts for property are Döbling (1,752 euros) and Währing (1,722 euros).

Market development and forecasts

Real estate prices have risen continuously in recent years. After the financial market crisis in 2008, prices rose by at least 3.5%, with peaks of up to 12.4%. The interest rate cuts by the European Central Bank (ECB) have made it easier to finance home ownership and boosted demand for real estate. Between 2009 and 2020, the average increase in residential property prices was 5.7% and in 2021 and 2022 the price increases exceeded the 11% mark.

Moderate price forecasts should be aimed for in the coming years. A current forecast suggests an increase in property prices of 3.3% outside Vienna and 3.4% in Vienna, while demand, especially for used apartments, is falling slightly, which could lead to a stabilization of prices. Experts such as the ifo Institute expect a nominal increase in real estate prices in Austria by an average of 6.9% over the next ten years. Key influencing factors include future economic policy and the development of purchasing power.

The real estate market therefore remains dynamic. Strong regional differences and the ongoing economic challenges will have a significant impact on future price developments. Statistics from Statistics Austria show the complexity of the market, which is still characterized by supply and demand.

For more detailed information about developments in the Austrian real estate landscape, Infina also offers a comprehensive overview.