Boom of real estate purchases: Prices in Austria stagnate despite the increase!

Boom of real estate purchases: Prices in Austria stagnate despite the increase!

In 2024, the Austrian real estate market was able to record a significant increase in residential property purchases despite an almost stable price level. According to the current data of vienna.at the number of purchases rose by 8.6 percent compared to the previous year, while the prices for residential properties only at 0.2 Percent went back. This shows that interest in real estate is unbroken, despite the slight price changes.

The current statistics published on March 27, 2025 showed statistics Austria that existing real estate became 1.5 percent cheaper, while the prices for new buildings rose by 2.7 percent. A remarkable trend is the decline in prices for existing single -family houses in western Austria by over 3 percent. In Vienna, the price for existing apartments fell by 2.6 percent, while new apartments in Eastern Austria had a strong increase of 6.6 percent.

regional price variations

The differences between the Austrian federal states are significant. In Salzburg, the largest drop in price in houses was recorded with -9.7 percent, while Carinthia with an increase in condominiums had over 7 percent the highest growth. In Vienna, traditionally a highly competitive market, there was a sharp decline in apartment prices of -1.2 percent. Viewed over the entire EU, the real estate prices show moderate developments in the first half of 2024, whereby Austria's prices rose by only 0.7 percent, compared to an EU average of 3.8 percent.

stability in a dynamic market

Further insights into the Austrian real estate market The real estate price mirror 2024 of the FV of the Real Estate and Vermögenschlittehänder of the WKO, which was created based on specific transaction data. According to WKO , a total of 82,335 transactions were recorded in 2023, whereby 11,000 individual values ​​are mapped in pricing. The price mirror acts as a valuable instrument for price observation on the Austrian real estate market and allows conclusions to be made to the quality of the location and use of real estate.

Although rental prices in Austria continue to rise, they still remain below the inflation rate. In Vienna, the price adjustment for non -price -controlled rental apartments is 2.69 percent. The stable purchase prices in Vienna are in contrast to a potential future increasing demand, due to a shortage of the offer, especially in the Vienna bacon belt, which extends in the districts of Hollabrunn, Bruck an der Leitha and Neunkirchen.

Overall, the Austrian real estate market shows remarkable stability, even if the daily headlines could give the impression that there are greater turbulence. The forecast developments for 2024 indicate that interest rate reductions and other factors could get the market in motion.