Real estate in Austria. Austrian property prices
Buying real estate in Austria is both profitable and prestigious. Thanks to its steady economy, high living standards and quality education, there are many reasons to buy apartments and houses here. Moreover, Austria has something for everyone: skiing and thermal resorts, beautiful scenery, landmarks and architecture.
The price of Austrian real estate is rising about 5% every year, driven by the high demand and attractive lending terms. According to 2014 reports, an apartment in the largest cities cost €2,800–3,400/sq. m. on average while in Vienna, Saltzburg and Tyrol, prices soared to over €5,000/sq. m.
Luckily there is a wide selection of property for sale in Austria and houses cost €1,700–3,000/sq. m., while a mansion in Tyrol would sell for €6,000/sq. m. Most properties for sale in Vienna are prime townhouses and mansions with prices starting at €8,000/sq. m.