Foreclosures in Austria Have Increased Significantly

The increase was particularly notable in Salzburg and Burgenland, where the number of scheduled dates more than doubled. The average number of dates per 100,000 inhabitants also increased – from 9.0 to 11.9. This reflects the development not only in absolute numbers but also in increased relevance in relation to the population.

Residential properties most frequently auctioned

With 630 dates, the majority of foreclosures were for residential properties. Commercial properties (265) and plots of land (197) were significantly less affected, although all three categories saw an increase. However, there are significant differences between regions: While Salzburg and Burgenland stood out with an increase of 117 percent each, the increases in Vorarlberg (plus 3 percent) and Styria (plus 5 percent) were moderate.

Estimated value volume also increased

In parallel with the increase in dates, the estimated value volumes of the affected properties also rose. Overall, the estimated value volume increased by 27.1 percent to 437 million euros. The individual categories developed differently: For residential properties, the increase was 16.1 percent, while commercial properties recorded growth of 32.3 percent. The increase was particularly significant for plots of land – here, the volumes rose by 60.2 percent.

(APA/Red)

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