Austrian homes most expensive in Kitzbühel
The Austrian housing market varies hugely, depending on which region you buy property in. The most expensive area is the popular ski resort town of Kitzbühel in Tyrol. A town house here will set you back €1 million, on average.
In the first half of 2014, family houses in Austria sold for an average of €189,291 - 1.5 percent more than last year.
266 family homes were sold in Tyrol in the first half of the year. In Kitzbühel prices ranged from €300,000 to €1.5 million, but fell substantially in the districts of Kufstein and Landeck. Overall Tyrol recorded a price decline of 3.5 percent, according to real estate network Remax.
Vienna is the most expensive state in which to buy property, with the average house costing €432,752 (up 1.3 percent), and Burgenland is the cheapest state, where you can snap up a house for just €93,954.
Whilst homes in Burgenland's capital Eisenstadt and around the popular Neusiedler See were a little more expensive, a house in Oberwart cost only €73,255.
Only 140 family homes were sold in Vienna in the first half of the year - it is more common for people to rent property in the capital.
Salzburg saw the biggest drop in property prices, with the average home costing €315,385, down 9.2 percent on last year.
Lower Austria has the biggest variations in prices - with a quarter of houses bought for less than €75,000, and a quarter selling for over €238,000. Prices are higher the closer you get to Vienna, with properties in Baden, Mödling, Klosterneuburg, Purkersdorf and Schwechat costing more than those in the Waldviertel.
Upper Austria saw the biggest price surge, with the average house costing €189,533 - an increase of 6.5 percent.
In Graz, Austria's second largest city and the capital of Styria, homes cost on average €277,788.
In the next 12 months Remax brokers said they expect a slight decrease in the price of family homes.