Condominiums: Vienna on the Podium in Price Ranking
The cheapest are Eisenstadt (on average 2,800 euros per square meter) and St. Pölten (2,900 euros per square meter), the most expensive are Innsbruck with 6,200 euros and Salzburg with 5,800 euros per square meter. An exception in the east is Vienna.
Vienna close to Salzburg
In the federal capital, prices are now averaging 5,700 euros per square meter, roughly at the level of Salzburg. Prices are in the upper mid-range in Bregenz (5,000 euros) and Linz (4,600 euros), and in the lower mid-range in the southern provincial capitals Klagenfurt (3,800 euros) and Graz (3,400 euros). The analysis uses average values across the entire city area, so values can be significantly higher in prime locations.
Topography plays a role
The reason for the comparatively high prices in the west is, in addition to the demand situation, also the topography: "In the western provincial capitals, the available space is significantly more limited than in large-area states like Lower Austria or Upper Austria. Cities like Innsbruck, Bregenz, Salzburg, but also Vienna can no longer expand into the surrounding areas. Building plots are therefore particularly scarce and expensive here, which is reflected in higher prices," said the spokespersons of Raiffeisen Immobilien Österreich, Peter Weinberger and Peter Mayr, on Tuesday in a press release.
(APA/Red)
This article has been automatically translated, read the original article here.