Austria's real estate market 2024: stabilization and future price increases

Austria's real estate market 2024: stabilization and future price increases

In the roof region, a noticeable upswing is emerging in the real estate market. After a year of uncertainty, it is primarily positive interest developments and a declining inflation rate that has caused stabilizing effects since mid -2024. According to Engel & Völkers, a noticeable market recovery will be expected for the residential property market in Austria and Germany by 2025.

In Austria, a transaction volume of 14.8 billion euros is forecast in Austria, which corresponds to the level of the previous year. Fortunately, the prices also seem to have left their decline behind; The average sales price for condominiums is around 4,900 euros per square meter, while single -family houses and two -family houses change owners for around 380,000 euros.

recovery in Germany

The real estate market in Germany has already experienced an early relaxation. A gratifying willingness to buy and maintenance has been observed since the second quarter of 2024. As real estate-redaction.com was reported in the third quarter Average price of around 3,817 euros per square meter for condominiums. Munich remains the most expensive location with a square meter price of 8,715 euros.

There are positive developments in the capital of Vienna. After a decline in the previous year, the market for condominiums from the third quarter of 2024 will show an easy recovery. Around 7,900 apartments are expected to be sold in Vienna, which is an increase of 3.4 %. The average sales price has stabilized at 6,200 euros per square meter after a decline.

regional differences and trends

The real estate market in Tyrol is particularly in demand, with an expected transaction number of around 3,175 condominiums, which corresponds to an increase of 8.8 % compared to the previous year. In Salzburg, sales are 5,500 euros per square meter and show stability in the market despite the slight declines.

In Styria, demand remains, but there are first signs of recovery in prices. The transaction figures are slowly increasing and a stabilization of those interested in buying is expected. Carinthia still shows a high demand for exclusive properties in Seelagen, while the market in Lower Austria is more dynamic than in the previous year.

The ambitious expectations of Engel & Völkers for the coming years are reflected in the demand and stability of the market. By facing the award of real estate loans that are expected after the KIM Ordinance expired in the summer of 2025, the market could receive additional boost, which could lead to an overall positive development of real estate prices.