Building land prices in Austria: where the square meter becomes a luxury!

Building land prices in Austria: where the square meter becomes a luxury!

The current building land prices in Austria show a drastic variation that depends heavily on the region. According to a latest evaluation by OGM, which deals with income and property prices in the country, municipalities in Waldviertel and South Burgenland are particularly cheap, where 500 square meters of building land cost an average of about two monthly salaries. In contrast, buyers in Reith near Kitzbühel have to work in the same size over 29 years in order to be able to acquire a property. This illustrates the enormous price differences within the country.

The analysis shows that building land prices rise from east to Western Austria, with the factor “tourism” playing a decisive role. Popular ski areas in Tyrol, such as Lech, Serfaus and Seefeld record costs over 2,000 euros per square meter, which is more than 100 times the prices in cheaper regions, where building land is available between 10 and 20 euros per square meter. [OE24] reports that the social layer within the municipality has an impact on the property prices.

influences on building land prices

The pricing is influenced not only by the location, but also by numerous other factors, such as the infrastructure, traffic volume, noise and climatic conditions. Municipalities around Vienna, such as Perchtoldsdorf, Gießhübl and Hinterbrühl, also show high building land prices and curls better earners with an average annual gross income of over 75,000 euros. Vienna itself takes fourth place in the ranking of the most expensive districts, behind Salzburg, Innsbruck and Kitzbühel, while Dornbirn is fifth.

development very different

Compared to Germany, where building land prices in urban and rural areas from 1995 to 2022 have also risen sharply, the price trends in Austria are specifically stronger by regional differences. According to [Statista], the price per square meter is also significant as an indicator of the development of building land in different areas, with a clear trend at higher prices in urban areas.

The market leadership of Immounited in providing information on real estate transactions and land register data plays an important role in market transparency. They offer access to extensive data from property transactions that are used for price rating. Their approach to evaluating around 100,000 purchase contracts annually complements the knowledge of developments in building land prices in Austria and delivers important guidelines for buyers and investors.