Purchase Prices for Houses and Apartments Rise Sharply
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According to data from Thursday, the house price index calculated by Statistik Austria reached its highest level so far. In the last ten years, residential real estate has become at least 50 percent more expensive. On Thursday, the Oesterreichische Nationalbank (OeNB) looked back a little further on the development of prices, loans and risks for real estate from the year 2000. The review shows the market clearly in motion.
The house price index in Austria records new peak values. Prices for existing real estate have risen more than the prices of new houses and apartments.
VIENNA. Housing has become significantly more expensive in Austria this year in the first half of the year.
This year, housing prices rose significantly in the first half of the year. On average, the purchase prices for houses and flats increased by 3.9 percent compared to the same period last year, as Statistik Austria announced on Wednesday. Thus, the house price index has reached the highest level since 2010.
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