Sunday, January 31, 2010

Real Estate in Austria

I came across the following real estate statistics for the Austrian market. There is no general trend across provinces. While some provinces saw a drop in home prices, others saw an increase. In Q4 of 2009, apartment flat prices Vienna increased more than 5% while at the same time the rent prices remained flat. From Jan 2008 through Mar 2009 prices for flats in Austria increased 7%. During the same period prices for houses in Austria fell 7%. During the same period the price of rent in Vienna went up 10%. It seems certain that there are many factors at work here. In comparison to other countries Austria's real-estate market seems to be slower moving with drops and rises in the single digit annual percentages.

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