Rent in Austria explode: over 20 euros per square meter!

Rent in Austria explode: over 20 euros per square meter!

Salzburg, Österreich - Rental prices in Austria's state capitals rise rapidly and reach worrying heights. A current analysis by Immoscout24, which is based on around 74,000 advertisements, shows that square meter prices in several cities exceed the 20-euro brand for the first time. This mainly affects Innsbruck, Salzburg and Vienna, where the average gross rents have increased significantly in recent months. Above all, the high demand and the limited living space continue to drive the prices.

in Innsbruck, the square meter price at 24.75 euros is the highest in Austria, while an increase of 12% can be determined compared to the previous year. Salzburg has overtaken a price jump from 17% to EUR 22.28 per square meter of Innsbruck and is now the second most tax city. Linz also increases an increase to 15.81 euros, with an increase of 12%. In Vienna, the current rental price is 20.42 euros per square meter, which resulted in an increase of 9%. Bregenz also experienced a remarkable price increase with 20.19 euros.

further developments in the state capitals

The rents in other cities show the following picture: Eisenstadt is 14.41 euros (7% increase), Graz reaches 13.64 euros (4% increase) and St. Pölten with 12.90 euros, also with a moderate increase of 4%. Carinthia has an average rental price of 13.80 euros, with Klagenfurt has a price of 18.06 euros. These rising rental prices are favored by a high demand and the influence of new, high -priced new buildings; However, cheaper existing apartments remain available.

The development of rental prices has taken a remarkable dynamic since 2006, as reported infina.at. The average rent per square meter of 3.78 euros in 2006 rose to 7.40 euros in 2024, which is an increase of 96%. In the metropolitan areas, the demand for apartments is extremely high, which, together with the rising raw material prices and the limited new construction, further puts rental prices under pressure.

effects on tenants and possible solutions

The rising rental prices are increasingly leading to living in Austria to become unexpected for normal citizens, which takes care of worrying proportions. In order to counteract this situation, the property purchase for self -use could be an attractive option for many households. This applies particularly to those who want to live in a place in the long term. Nevertheless, it remains to be seen whether the rental prices stabilize in the short or medium term, especially since the guideline rents for new contracts were increased by 8.6% in April 2023 and remained frozen by 2028.

The current market situation presents tenants for challenges and forces them to re -evaluate their living needs and financial options. The pressure on rental prices remains high and there is fear that this development will continue to put up with many households.