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Austria: over the past six years, house prices rose by almost 40%

03.03.2017
Homesoverseas.ru editorial office
201

According to the report the company ImmoDEX for 2016, with 2010 the value of residential real estate in Austria increased by 39%, according to the portal of The the Local .

New house (123 sq. M) now costs an average of ˆ 359,000, and the new apartment (80 sq. M) will cost about ˆ 351 000. The cost of primary residence for the past six years has grown the most in Styria (where a new house in the middle can be purchased for ˆ 301 000), Burgenland (ˆ 260 000) and Lower Austria (ˆ 338 000).

The most expensive new homes sold in the capital, Vienna, where the apartment or house of 123 square meters. m will cost an average of ˆ 471,000, which is 22% higher than in 2010.

Prices for second homes in Austria in the last six years also increased by about 35%. The most affordable housing can be found in Burgenland, Carinthia and Styria, where a house can be paid ˆ 230 000-290 000. Almost twice as expensive as a house will cost Vorarlberge and Salzburg: ˆ 515 000-560 000. The most expensive Austrian "secondary housing" is sold in Vienna where a house or an area of 169 square meters apartment. m will cost an average of ˆ 710,000, as well as in the Tyrol (ˆ 640,000).

Also, in 2010 in Austria and grew up rental prices. So, now for the apartment secondary market would have to pay ˆ 9,80 / 1 sq. m, which is 11% higher than six years ago. "Resale" is increased in value even more: today, the average rent is ˆ 11,50 / 1 sq. m, which is 21% more than in 2010.

The fact that housing prices are growing so rapidly, is a cause for alarm, says Georg Shpigerfeld, president of the Austrian brokerage network Immobilienring IR. He says: "Today there is a serious shortage of supply, and this problem will only grow. About 300 000 people will move to Vienna in the next few years ... and the city is not prepared for this. "

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