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

Apartment sales drop in Austria

According to the brokerage firm Re/Max, the number of the real estate sales in Austria has declined around 8.3% in the last year. The exact number of properties which were sold and bought accounts to over 80,000 units, which translates into 16 billion euros. Apartments were the most popular type of property sold last year, accounting for 28,000 of the units sold, but there has still been a 9.3% decrease from the last year.

"Many investors, who wanted to secure their financial assets by purchasing property, have already done it in the previous years", says the chief of the Austrian department of Re/Max company, Bernhard Reikersdorfer.

Reikersdorfer also believes that one of the reasons behind the decrease is the difficulty for many young families to get credit from the banks to buy a house. In Vienna the sales-offers declined, and so the purchase of condos also declined around 9.6%. The lack of offers had also an effect on the prices of the properties available. The average prices for apartments rose around 10%.

The new owners of the properties had to put their hands deep in their pockets, when the average price in Vienna was around 200,000 Euros. Half of the apartments in Vienna cost between 105,000 and 270,000 Euros.

The difference in the prices and the sizes of the properties were also huge. In the central area of the Austrian capital, a square meter costed 10,000 Euros and in the 10th district, Favoriten, which lies only around 10km away, the price went down to 1,916 Euros.

Vienna also got came out top as the most expensive state for buying property in Austria this year with Salzburg and Vorarlberg following it's lead with average prices of 191,000 and 187,000 Euros respectively. The cheapest properties can be found in the states of Steiermark where the average price is 109,000 Euros and Burgenland, with an average price of 72,000 Euros.

Austrian Times


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


Cosmo and Nanu
ORF Watch

Tag cloud:
estate  sold  sales  decrease  central  Euros  meter  properties  prices  property  Vienna  capital  pockets  Steiermark  units  Apartments  Austria  costed  Reikersdorfer  Burgenland

Latest News

 

Halloween At The Zoo
Pumpkin pie might be the order of the day for people this Halloween but now zoo animals are also getting in on the act.

Baby Naked Mole Rats Born In Vienna
With their pink hairless bodies and fangs for front teeth, these baby naked mole rats were never going to win any cuteness contests at Schonbrunn Zoo in the Austrian capital Vienna.

Jihad Girls Gunpoint Retraction Of Desire To Go Home
Austrian anti-terrorism police believe that an interview given to a French magazine allegedly with one of the two teenage girls who fled to Syria to join in the jihad was probably carried out at gunpoint.

Get Shorty As Confused Bald Ibis Gets Lost Again
A rare bald Ibis that seems to have a different sense of direction to her fellow birds has once again had to be rescued after getting stuck trying to find a different route to the southern Italian feeding ground.

Alpine Trains Venture Into Space As The Final Frontier
Austria’s national railway line the OeBB has raised eyebrows after offering themed toilets including one that is supposed to "look and smell like outer space".

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.

 


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