The housing market is in a dangerous downward spiral. Demand and average rents in the private sector are rising, but supply is falling. But there are also bargains. We have an overview of all districts.
It is a toxic mix that currently dominates the real estate market in Vienna. Interest on loans has risen due to the high interest rate. Many Viennese can therefore no longer afford their externally financed apartment buildings. They are switching to the rental market. But rental properties are also scarce. That is what the current numbers show. ImmoScout24 analyzed the data of 87,500 real estate advertisements for the first half of 2023 for the “Krone”.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
