Rent in Austria continues to rise: Shocking numbers published!
Rent in Austria continues to rise: Shocking numbers published!
Österreich - The apartment rents in Austria reach alarming heights! The latest data from Statistics Austria show that the average price for a main rental apartment in the third quarter of 2024 rose to 658.5 euros, which corresponds to a square meter price of 9.90 euros. Compared to the previous year, this is an increase of 4.2 percent, and even in the last quarter there was no decline in sight with an increase of 1.0 percent. Younger households are particularly affected, while seniors with longer rental contracts often benefit from cheaper prices, reports .
A look beyond the borders shows that Austria is not alone in a European comparison. According to a current analysis, rental prices have also increased in other major cities in Europe. Cities such as Paris and London have an exorbitant square meter prices. In this context it becomes clear that rental prices in Austria are increasingly competing with those in other European capitals and pending the residents with considerable financial challenges.
regional differences in the rent structure
Interestingly, the actual rent varies depending on the age of the residents and the region. In households with at least one person over 60 years, the average rent is 8.3 euros per square meter, while young households pay an average of EUR 10.6. These differences once again show how crucial demography is for rental prices. Older people also live in larger apartments, which relativizes the price per square meter.If you look at the entire European rental landscape, it becomes clear that the housing market in Austria is part of a more comprehensive European development. Rental prices are increasing nationwide and underline the tendency that living space becomes increasingly unaffordable. The financial burdens for tenants in large cities are alarming, as well as Statista . This trend requires urgent measures to improve the living situation of many people.
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