Rising rental prices: Carinthia is leading, while Upper Austria is falling

Rising rental prices: Carinthia is leading, while Upper Austria is falling

The prices for rental apartments in Austria show a clear trend: they have risen in almost all federal states this year, with the exception of Styria and Upper Austria. The increase is particularly drastic in Carinthia, where rents have increased by 16 percent. The average rental prices in Tyrol are now around 1,400 euros for a 70 square meter apartment, which represents a 74 percent premium compared to Upper Austria, where rents are around 804 euros.

The price per square meter for rental apartments in Carinthia rose from 12.2 euros to 14.1 euros, but remains under 1,000 euros for 70 square meters. In Tyrol, the most expensive federal state, the price climbed to 20 euros per square meter, which also represents an increase of 11 percent. The most expensive rental prices include the federal states of Vienna, Salzburg and Vorarlberg, with Vienna at the top at 19.2 euros per square meter, which corresponds to an increase of 11 percent.

Price development in cities

The price trend is clear in the capitals of the federal states: Innsbruck tops the list with 22 euros per square meter and a price increase of 11 percent. Salzburg is just behind with 20 euros per square meter and an increase of 7 percent. In contrast, the cheapest rental prices can be found in St. Pölten (12.8 euros), Graz (13.4 euros) and Eisenstadt (13.5 euros).

Rental prices in Vienna also rose by 11 percent, with the Danube city being the hardest hit with an increase of 25 percent. The price per square meter here is now 21.8 euros. The Alsergrund district also shows a significant increase of 24 percent with 21 euros. While only small increases were recorded in some districts such as Brigittenau and Liesing, demand in Floridsdorf rose by 75 percent.

Increasing demand and price trends

In general, interest in rental properties in Austria has increased. In Styria there was a 35 percent increase in demand, while Vienna followed with 29 percent. This growing demand is leading to an increase in rental prices in most federal states, explains Markus Dejmek, the Austrian boss of ImmoScout24. The analysis was based on 135,000 offers that took gross rents into account.

A comprehensive picture of the current rental price situation is emerging: Although prices have fallen in Styria and Upper Austria, rents have skyrocketed in most other federal states, especially in regions that are attractive to tourists. These developments could be crucial for future rental agreements and the housing situation, as many searchers are now increasingly dependent on cheaper alternatives.

For details on recent developments, further information can be found at courier.at be read.