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


Events for November
M T W T F S S
27 28 29 30 31 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
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:
units  Apartments  decrease  meter  central  prices  property  Steiermark  estate  properties  sales  capital  Austria  pockets  Vienna  Burgenland  Reikersdorfer  sold  Euros  costed

Latest News

 

How An Austrian Park Every Year Becomes A Lake
Spectacular images that show how a park becomes a lake each spring complete with underwater trees have been captured by two divers.

Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.

Controversy Over Advert For Fucking Hell Beer
An Austrian political party has defended a decision to promote a local beer named after the village of Fucking.

Luigi Restaurant Cooks Up Delicious Delights For Winter Season
Brothers Luigi and Leo Doci who own the renowned Luigi restaurant chain will be cooking up a storm in Semmering this winter.

Church Porn Star In Court
A Polish-born woman who made a video of herself masturbating in church is facing six months in jail after a viewer called police when he recognised the woman.

Hugh Grant Cuddles Lamb On Animal Farm With Mrs Glock
Hugh Grant led a star-studded turnout at Austria's animal farm project which unveiled its Christmas market this week.

Cheating Wife Buries Hubby Alive For New Lover
A woman who married her sisterís fiance and then attacked him with a knife before burying him alive so she could be with her new lover is facing life in jail.

Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.

Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.

Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.

 


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