Contrary trend

Owning and renting: The current price trend

Prices for houses and apartments fell by an average of 2.6% in the previous year. Existing apartments in particular contributed to this (minus 3.7 percent). However, there is no easing in sight for rental apartments. According to figures from Statistics Austria, prices for rental apartments rose again by 7.6 percent to an average of EUR 9.40 per square meter.

After years of price rallies, residential properties in Austria became cheaper year on year in 2023 for the first time since the survey began in 2010. "With a decline of 2.6 percent, house and apartment prices in Austria have fallen more sharply than the EU average of minus 0.3 percent, but we are not seeing a drop in prices like in Luxembourg with minus 9.1 percent and Germany with minus 8.4 percent," explains Statistics Austria Director General Tobias Thomas.