Despite a global pandemic and lockdown restrictions, Austria’s property market still performed well in 2020 with prices and demand rising. But what will happen in 2021?
Ever dreamed of buying a chalet or apartment in your favourite ski area? A new ranking of property prices in Austria’s most popular ski areas shows that the west of the country is significantly more expensive than the east - probably because it tends to get better snowfall.
Austrian real estate companies are warning that Vienna needs 11,000 new apartments this year to cope with a housing shortage as the capital’s population increases.
Two luxury apartments in Vienna’s Golden Quarter have sold for a total of around €16 million. The new owners are a company from Gibraltar and an English multimillionaire.
Residential rents in Austria have risen by a whopping 15.1 percent in the last five years, according to new figures from government agency Statistik Austria.
A major landmark on Vienna's skyline is now for sale, as the tallest building in the city joins other important real-estate objects in a major property divestiture by the Real Estate Holding GmbH of the Bank Austria on Monday.
If you’re struggling to find an affordable home in Vienna to rent you may be surprised to learn that the capital has as many as 50,000 empty apartments, which property owners are unwilling to rent because of high taxes.
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.
According to the current "European Cities Review" of UK wealth consultant Knight Frank, Vienna's top properties are most in demand among the super-rich from Russia and other ex-Soviet countries, followed by Germany and Saudi Arabia.
