Price increase in rental apartments: Carinthia leads the ranking

Price increase in rental apartments: Carinthia leads the ranking

The rental prices in Austria are in a remarkable upward trend. According to an analysis of "Immoscout24", the offer prices for apartments have increased in almost all federal states, with the exception of Styria and Upper Austria. The strongest increase was recorded in Carinthia, where rental prices rose by a whopping 16 percent.

In Carinthia, the square meter price fell from EUR 12.2 to 14.1 euros, while the average rent for a 70 square meter apartment remains below 1000 euros. In comparison to Tyrol, where the rental prices increased by 11 percent and the square meter price reached the highest value at 20 euros, Carinthia shows a remarkable price development.

price development in the federal states

Vienna is one of the most expensive regions, with an increase in rental prices by 11 percent to 19.2 euros per square meter. The Donaustadt district is particularly affected with an increase of 25 percent, where rents have risen to 21.8 euros per square meter. There was also a significant increase of 24 percent in the Alsergrund. In the cheaper regions such as St. Pölten, Graz and Eisenstadt, rental prices are significantly lower and start at around 12.8 euros per square meter.

Owners in Salzburg and Vorarlberg also benefit from higher rental prices that increase to 18.3 euros and 18 euros per square meter. In Burgenland and Lower Austria, rental apartments are comparatively cheap at 12.5 euros per square meter.

In Styria, however, there is a decrease in rental prices. Here the prices fell by 2 percent to EUR 12.4 per square meter, while in Upper Austria a slight decrease of 1 percent to 11.5 euros per square meter was determined.

increasing demand

In addition to the price increases, there is also an increase in demand, especially in Styria with 35 percent and in Vienna with 29 percent. This higher demand is identified as a driving force for the price increase, as the Austrian boss of Immoscout24, Markus Dejmek, explained in a current message.

A total of 135,000 offers were evaluated for this analysis and reflect a clear tendency towards rising rental prices in most parts of Austria, while only in a few regions there is a stability or even a decline in prices. For a detailed consideration of developments in the individual federal states, reporting of www.kleinezeitung.at extensive information.