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

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

Österreich - The current real estate prices in Austria show a significant decline compared to previous years. According to 5min.at, the average prices for living space decreased in 2024 under the level of 2022. The square meter price for condominiums in 2024 was around 340 euros below the high of 2022, while the prices for houses could be reduced by around 184 euros per square meter.

The average prices for houses in Austria amount to 2,709 euros per square meter. Real estate in the following regions is particularly expensive:

• Vienna: 5,492 euros
• Vorarlberg: 5,077 euros
• Salzburg: 5,000 euros
• tirol: 4,920 euros

In other federal states, such as Upper Austria and Lower Austria, the prices with 2,762 euros and 2,515 euros are close to the Austrian average. 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 the property prices also reveals interesting trends. The property prices are particularly high in winter sports areas and metropolitan areas. Top prices for land will be achieved in Reith near Kitzbühel (2,666 euros), Kitzbühel (2,517 euros) and Salzburg (1,379 euros). In Vienna, the most expensive districts for land are Döbling (1,752 euros) and Währing (1,722 euros).

market development and forecasts

in recent years, real estate prices have increased continuously. After the 2008 financial market crisis, a price increase of at least 3.5 % was recorded, with maximum values ​​of up to 12.4 %. The interest reductions of the European Central Bank (ECB) have made it easier to finance residential property and boosted the demand for real estate. Between 2009 and 2020, the average increase in prices for residential properties was 5.7 % and in 2021 and 2022 the price increase exceeded the 11 % mark.

For the coming years, moderate price forecasts will be striving for. A current forecast indicates an increase in real estate prices of 3.3 % outside of Vienna and 3.4 % in Vienna, while demand is easily declining, especially for used apartments, which could lead to stabilizing prices. Experts like the IFO Institute expect a nominal increase in property prices in Austria by an average of 6.9 % in the next ten years. Central influencing factors include future economic policy and the development of purchasing power.

The real estate market remains dynamic. Strong regional differences and the ongoing economic challenges will significantly influence future price development. Statistics of [Statistics Austria] (https://www.statistik.at/statistiken/volkswirtschaft-und-oeffliche-finance/preise-und-preis-preis-streit prices) show the complexity of the market, which is still shaped by supply and demand.

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