Austrian real estate market: stabilization and prospects by 2025

Austrian real estate market: stabilization and prospects by 2025

The real estate landscape in Austria shows signs of stabilization, as the latest report by Engel & Völkers shows. From 2025 there are clear upward trends that should also be considered compared to the developments in Germany.

Engel & Völkers forecast a transaction volume of expected 14.8 billion euros in Austria, which corresponds to a level that looks less dynamic compared to 2023. Andreas Schmitt, CEO of Engel & Völkers D-A-CH, emphasizes that the positive development of interest and the associated stability of real estate prices give hope for a healthy recovery of the market.

growth in the individual regions

in Vienna can be expected to increase the condominiums sold, with around 7,900 sales to be expected. This corresponds to an increase of 3.4 percent compared to the previous year. The average price per square meter is currently around 6,200 euros, which indicates a certain price adjustment. The demand in the inner -city areas remains strong, especially for high -quality properties.

in Tyrol shows a similar picture with an increase of 8.8 percent in the transactions in the segment of condominiums. By the end of the year, around 3,175 transactions and a transaction volume of 1.25 billion euros will be forecast, which Tyrol gives the second highest value in Austria to Vienna. Kitzbühel remains particularly attractive for buyers looking for premium layers.

There are also positive movements in Salzburg, although the transaction figures have decreased slightly. Here the average sales price for condominiums is around 5,500 euros per square meter. These values are still higher than the national average. Mark Hüsges, Managing Director of Engel & Völkers Salzburg, emphasizes that the demand for high -quality single -family houses remains unbroken.

market developments in other federal states

In Styria, the numbers for condominiums are behavior in 2024 with around 3,100 transactions, but show a positive trend. Jurica Puljic, Managing Director of Engel & Völkers Styria, reports on stabilizing demand through the improved interest rates. The average price for condominiums is currently around 3,000 euros per square meter.

In Carinthia, the sales price for condominiums has risen to around 4,300 euros per square meter. Despite this increase, the market remains behind the average of Austria. In the area of single and two-family houses, however, a decline in transaction numbers is forecast. However, the demand for unique soul wages remains strong, which indicates the continuing interest in exclusive properties.

The real estate markets in most regions of Austria show a recovery overall, which is particularly influenced by the improved financial framework and the expected cancellation of the KIM Ordinance in 2025, which could make it easier to award loans.

The complete image of market development and the expected trends are summarized in a recent report by Engel & Völkers, where the different differences between the individual regions are also examined in detail. The necessary information about this detailed report can be found to be found here .