Vienna leads with record property prices: the latest transactions in view!

Vienna leads with record property prices: the latest transactions in view!

Real estate prices in Austria also show a remarkable development in 2024, with Vienna once again taking the top position in the most expensive real estate transactions. According to a current land register evaluation of Willhaben and Immounited, the most expensive sales of the past year were recorded in the capital. A newly built office building in the 3rd district achieved a price of impressive 158.5 million euros. An interest rate house in the 1st district followed with a sales price of 127 million euros.

The highest prices were not only achieved in Vienna. The most expensive single -family house in Jochberg, Tyrol, changed its owner for 34.68 million euros. The most expensive objects in Tyrol and Vienna were sold in the apartment category. An apartment in Kitzbühel brought 7.12 million euros, while an attic apartment in the 1st district of Vienna changed owners for 6.65 million euros.

transaction figures and developments

Most residential property transactions took place in Graz, where a total of 2,283 objects were sold. Linz and Innsbruck-Land follow with 1,071 and 1,070 transactions, while in Salzburg-City 1,054 sales were registered. Vienna-Donaustadt rounds off the list with 953 transactions.

market development and price trends

Another aspect of real estate market analysis is the view of the general price development. The real estate price mirror 2024, published by the WKO's real estate and wealth-wealth, shows that the purchase property prices, with the exception of some emigration districts, are increasing in total. A price adjustment of 2.69 % was determined for rental apartments in Vienna, while the purchase prices in the capital remain stable.

Current average prices for residential properties illustrate the trends in the market: The prices for building plots are 431.14 euros/m², while first compensation for condominiums costs an average of EUR 3,454.75/m². There was also a significant increase in prices for commercial properties, with office space that is traded at 9.57 euros/m².

The data determined for 2023 show that the price adjustments in Carinthia have been most unusual, while Vorarlberg has the slightest price increases. Experts predict that interest rate cuts and other economic factors could lead to further movement on the market.

The analysis and data are based on a variety of transactions and also take into account the quality of the situation and forms of use of real estate. The stability of the real estate market in Austria continues to emphasize, despite the daily headlines about price adjustments in the media. Current information and further data are in the [real estate average prices] (https://www.statistics.at/statistiken/volkswirtschaft-und-oeffliche-finance/peise-und-preis-freis. Immobilienpreispiegel viewable.