Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for October
M T W T F S S
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

A Flat In Vienna

Property price rise continues

The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

One of the reasons is that the shortage of available property is resulting in many appartements being renovated and also investment in attic conversions.

Alongside the massive price rise in the market, the investment in raising the standard of the property on the market has also driven up the average price.

The statistics were reported by the online property site Immobilien.net, which added that the most expensive properties remained those in the 1st district, where 92 per cent of all appartments cost over 500,000. It said that the sites most expensive property at the moment was a 784 square meter penthouse for 21 million Euros.

They were closely followed by Wieden (4.), Neubau (7.), Josefstadt (8.) und Döbling (19.).

Outside the capital, and Salzburg proeprty prices were not far behind the capital.

In the Sound of Music city, 45% of the flats cost 300,000 or more. But in the other regions the price is not so severe. There are few properties that cross over the 500,000 Euro mark.

The highest in this bracket was Tirol with 38% costing more than 500,000, and Salzburg with 31%.

In Carinthia, Lower Austria, Vorarlberg and Upper Austria 25% cost more than 300,000 Euros.

In Styria it is 10% and in Burgenland 3%.

In suburban areas the properties around Wels and Klagenfurt are fetching high prices, with Kitzbühel remaining at the top of the regional league table.

Austrian Times


Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!


Cosmo and Nanu
ORF Watch

Tag cloud:
league  apartment  investment  regions  uuml  properties  costing  bracket  property  capital  price  Austria  Salzburg  flats  Carinthia  Tirol  suburban  Euros  regional  Music

Latest News

 

MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.

Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.

Mega-Station Opens
There was a festival atmosphere as Bundespresident Heinz Fischer opened Vienna's new Hauptbahnhof Friday morning.

Apple Truck Causes Traffic Jam
When 24 tonnes of apples are catapulted across a road it can only mean a jam.

Farmer Cleared Over Wolf Shooting
Furious animal rights campaigners have accused an Austrian farmer of lying after he shot dead a wolf that he claimed he thought was a fox.

Rare Bald Ibis Makes Microlight Flight To Italy
The project to introduce an extinct bird back to Europe is hailing success after successfully negotiating a new route over the Alps and training 14 Northern Bald Ibises how to fly south to winter feeding grounds in southern Tuscany.

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers