Real estate boom 2024: Where most properties in Austria changed hands!
Analysis of the Austrian real estate market 2024: Highest transactions in Graz, Linz and Innsbruck, price developments and trends.
Real estate boom 2024: Where most properties in Austria changed hands!
The analysis of the real estate market in Austria for 2024 shows clear movements. According to the evaluation of 5min Last year, most residential properties were sold in Graz, Linz and the Innsbruck-Land district. These cities record the highest number of transactions, indicating continued high demand.
What is particularly noteworthy is the large number of bookings per inhabitant in the districts of Hollabrunn (Lower Austria), Eisenstadt-Stadt (Burgenland) and Mistelbach. In contrast, regions such as Rohrbach (Upper Austria), Vienna-Simmering and Hartberg-Fürstenfeld (Styria) have fewer transactions per resident.
Most expensive real estate and land
The analysis also reveals the most expensive real estate sales of the year. The most exclusive single-family home sold is in Tyrol and reached a price of an incredible 34.68 million euros. High sales prices were also achieved in Vienna, especially in the 18th and 13th districts: 22.46 million euros and 14 million euros, respectively. The top prices for apartments were 7.12 million euros in Kitzbühel and 6.65 million euros for an attic apartment in downtown Vienna.
| Designation | Price |
|---|---|
| Most expensive single-family house (Tyrol) | 34.68 million euros |
| Most expensive single-family house (Vienna 18th) | 22.46 million euros |
| Most expensive single-family house (Vienna 13th) | 14 million euros |
| Most expensive apartment (Kitzbühel) | 7.12 million euros |
| Most expensive apartment (Vienna 1.) | 6.65 million euros |
A particularly notable deal was the sale of a 430,565 m² property in Neudorf bei Parndorf, which also achieved the highest price for land in 2024.
Price trends in the real estate market
The Real estate price index 2024, published for the 35th time, underlines the stability of the market, although there are regional differences. This survey is based on transaction data from member companies and offers valuable insights into the location and quality of use of the properties.
The purchase prices for residential properties are rising, with the exception of some areas where people are leaving. In metropolitan areas, especially in Vienna, purchase prices are stable, while rental prices average 9.02 euros per m² for new rental apartments and therefore remain below the inflation rate.
Future forecasts for the real estate market suggest that interest rate cuts and other economic factors could stimulate the market. In Vienna, the “Viennese bacon belt” is expanding, with the districts of Hollabrunn, Bruck an der Leitha and Neunkirchen becoming increasingly popular.