Property buying guide for Austria
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2017–2018 property prices in Austria

Austria is known for its economic and political stability, which makes it one of the safest countries in the world for property investment. Much of its territory is occupied by the Alps, which attracts many tourists throughout the year. Austria is also famous for its sophisticated architecture, spectacular lakes and thermal health resorts.

According to Eurostat, from early 2010 to Q1/2017, prices for residential property in Austria grew by 51%, fuelled by high demand and low mortgage rates.

In Graz, the second largest city after Vienna and an important cultural centre, prices per square metre average €3,000—4,000, while property in Salzburg costs €5,000-6,000 per square metre.

Houses near Austrian lakes and Alpine ski resorts often cost more than €1 million. Property located in areas that are popular with tourists all year round is especially valuable. One example is Tyrol, which is popular with snowboarders and skiers in winter, and popular with nature and architecture lovers in summer. Property prices are high in the Alps: at Zell am See, the most expensive resort, prices per square metre can reach €56,600.

State Flats Houses
Low High Average Low High Average
Burgenland 1,855 3,292 2,380 1,232 3,275 1,848
3,717 13,711 5,396 N/A
Upper Austria
3,335 4,403 3,805 1,113 5,195 2,235
Salzburg 5,526 6,316 6,006 3,081 56,600 6,840
2,125 2,629 2,421 1,424 3,393 2,295
Lower Austria
1,508 1,912 1,708 761 4,125 2,031
5,061 5,585 5,227 2,206 8,590 4,263
Vorarlberg 3,103 3,710 3,479 N/A
3,149 4,440 3,372 636 3,187 1,805

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    Property buying guide for Austria
    Article 1 of 6
    Tranio’s managers offer advice on buying real estate in Austria
    Anna Boyarchukova
    Anna Boyarchukova
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