Price explosion in Austria: Where home buyers have to dig deep into their pockets!

Price explosion in Austria: Where home buyers have to dig deep into their pockets!

Demand for single-family homes in Austria is booming: in the first quarter of 2025, interest in Vorarlberg rose by a remarkable 56 percent, followed by Vienna with 25 percent and Carinthia with 24 percent. According to an analysis by ImmoScout24, the average asking price per square meter remained unchanged compared to the previous year at 3,836 euros. Nevertheless, the regional differences are significant Vienna.at reports. While prices are falling in Styria, Vorarlberg and Burgenland, Salzburg, Tyrol and Vienna are experiencing moderate price increases. Tyrol remains the most expensive federal state with a price per square meter of 7,163 euros, followed by Vienna with 6,414 euros and Salzburg with 5,789 euros.

Rental prices are reaching new heights

The rental market in Vienna is by no means stable: A current market analysis has shown that rental prices for vacant apartments in the capital have risen by four percent within a year. Loud MyDistrict.at The average price per square meter is now 17 euros, which places a heavy burden on the largest group of tenants. In particular, for a 70 square meter apartment you now have to put at least 1,000 euros on the table, as demand has continuously increased in recent years.

The situation, especially for new Viennese residents, is exacerbated by housing shortages. Apartments in the first district are particularly expensive, where prices per square meter now exceed the 20 euro mark. Bargains can be found in the capital's 15th district, where the average price per square meter is 14.8 euros - a drop in the ocean when you consider that a 70 square meter apartment here costs 1,033 euros. This price trend poses a challenge for many who want to live in the city and increases pressure on an already tight housing market.