In Austria, the housing prices are rising only in Vienna

While prices for Moscow real estate Austria is steadily increasing, the cost of housing in other parts of the country is stagnating, according to online resource Friedl news.com . Since 2007, apartment prices rose by 80% in Vienna. According to experts of the National Bank of Austria, such rapid growth is due mainly to speculation. Currently Residential overvalued by 20%. In 2013, the average growth in house prices in Vienna amounted to 4.8%. By the end of last year's Q1. m of housing in the secondary market was worth 3,100 euros. Apartments in new buildings rose in price by 3.4% to EUR 4,500 / 1 sq. m. In the outskirts of Vienna for the past 3 years, property prices rose by 20-25%. According to some experts the Austrian real estate market has already passed its peak - the maximum increase in prices occurred in the period from 2010 to 2013. HomesOverseas.ru