Condominiums minimally cheaper – but that shouldn’t stay that way

Residential property is In the fourth quarter of the previous year Newly – if only minimal and slowed down – has become cheaper. Compared to the same period last year, prices dropped by 1.1 percent, compared to the third quarter of 2024 by 0.2 percent, Raiffeisen Research reported on Tuesday.

Residential real estate are still in Austria 26 percent more expensive than before Corona or in the fourth quarter of 2019.

“Since reaching the highlight in the third quarter of 2022, the prices of residential property have only dropped by five percent,” explained Raiffeisen Research Economist Matthias Reith. New apartments continued to increase in the previous year. Falling prices were still only available for used properties.

Rising prices forecast at the latest for 2026

A feared price dive failed, says Reith. “The residential property market has reduced the travel height quite checked and should initially hold the flight altitude in 2025, and a climb could follow at the latest in 2026.”

The growing population and income as well as falling interest and completion numbers speak for a turn on the real estate market.

Inserted fewer rental apartments

The number of advertised rental apartments has dropped significantly in the past two and a half years and especially in Vienna. And that does not remain without consequences for rental prices. There are regions in which rents have increased at best with inflation.

In growth regions, however, the offer rents have increased more than general inflation. In Vienna, for example, the offer rents have increased by 13.2 percent since the third quarter of 2022 – inflation, on the other hand, “only” by ten percent. There were also real rental costs in Salzburg and Vorarlberg. However, the burden has hardly increased in Burgenland and Styria.

By Editor

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