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 Q3/2019, prices for residential property in Austria grew by 73%, 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 €5,000-7,000 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 over €10,000.