Why Austrians Are Currently Looking for a New Property

"Overall, fewer people are planning to move than in previous years. However, among those searching, the purchase of a property is becoming much more of a focus again. For 60 percent of those searching, a purchase is currently an option," says Markus Dejmek, Austria Managing Director of ImmoScout24.

Main Reasons for Searching for a Property

Changes in private life situations are the main reason for more than a third (35 percent) to look for a new apartment. The year before, this was the main incentive for just under a quarter, showing that this motive has gained significant importance. For about the same number as last year, space is a decisive factor. A quarter of those searching find their current home too small. The desire for ownership has also slightly increased as a motive. For 22 percent of those willing to move (2024: 20 percent), it is important to switch from a rental apartment to ownership.

Fewer People Search for a New Property Due to Dissatisfaction and High Costs

In 2024, dissatisfaction with the current home, such as due to defects, need for renovation, or unsuitable room layout (25 percent), was one of the main reasons for wanting a new home. Currently, however, only 14 percent are searching for these reasons. Although housing costs have risen in recent years, the desire for a new home this year is not primarily due to this. High rental or credit costs are currently leading fewer people (11 percent) to move than last year (19 percent). Although dissatisfaction with the current living situation and problems with neighbors (each 8 percent compared to 13 percent in 2024) are less frequently mentioned as reasons for moving, a social aspect comes to the forefront: social networking. Thus, 16 percent (compared to 10 percent in 2024) are planning a move to live closer to family or friends.

(Red)

This article has been automatically translated, read the original article here.