Rising rental prices: Carinthia leads, while Upper Austria drops

Rising rental prices: Carinthia leads, while Upper Austria drops

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

The square meter price for rental apartments in Carinthia rose from EUR 12.2 to 14.1 euros, but remains less than 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

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

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

increasing demand and price trends

In general, interest in rental objects has increased in Austria. In Styria there was an increase in demand by 35 percent, while Vienna followed 29 percent. This growing demand leads 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 have taken into account gross areas.

A comprehensive picture of the current rental prize situation is emerging: prices have dropped in Styria and Upper Austria, but in most other federal states, especially in touristy -attractive regions, rents have been raised. These developments could be crucial for future rental contracts and the living space situation, since many seekers are now increasingly dependent on cheap alternatives.

For details on the latest developments, more information can be found on kurier.at can be read.