Buying property in Austria
Austria has some of the highest property prices in Europe. As the demand for properties continues to increase, prices are unlikely to lower in the foreseeable future.
The Austrian property market
Contrary to many other property markets in Europe, Austria has proven to be resistant to global recessions so far and is seen as one of the most stable and steadily developing property markets worldwide.
This is good news for investors, but expats hoping to buy a house might find that real estate prices are higher than in their home countries. There is a steady demand for accommodation, so current home owners have no problem selling their houses at higher prices.
While people from all nationalities purchase real estate in Austria, Germans are the largest group of foreign property buyers, followed by Italians.