House price falls by 29%

Too many people in the Waldviertel are “migrating” to the cemetery

According to the Initiative Wohnen im Waldviertel, people between the ages of 22 and 33 in particular - many with children - are increasingly moving to the region. However, the positive migration balance is offset by too many deaths.

(Bild: stock.adobe.com – RioPatuca)

A positive migration balance, especially with young families, is emphasized by the Initiative Wohnen im Waldviertel in Lower Austria. Nevertheless, there are now fewer main residents because too many people are dying and too few are being born in the ageing region. The real estate hype of previous years is also over, but people are fighting against vacancies and far too high price expectations. The background.

The good news first: after the pandemic boom in real estate prices in the Waldviertel nature region, prices for single-family homes, condominiums and land are now falling sharply. So living there should once again be more affordable than elsewhere. Nevertheless, the number of inhabitants in the Waldviertel is also falling again - by 560 to 215,894 in the districts of Gmünd, Horn, Krems, Waidhofen an der Thaya and Zwettl.