House prices fall by 29% – In the Waldviertel, too many people ‘wander’ to the cemetery

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The Living in the Waldviertel initiative in Lower Austria emphasizes a positive migration balance, especially among young families. Yet there are now fewer main residents because too many people are dying and too few are being born in the aging region. The real estate hype of previous years is also over, but we are now fighting against excessively high vacancy rates and price expectations. The backgrounds.

First the good news: After the pandemic rise in real estate prices in the natural region of Waldviertel, prices for single-family homes, apartment buildings and land are now falling sharply. It should be cheaper to live there than anywhere else. Nevertheless, the number of inhabitants in the Waldviertel is declining again – by 560 to 215,894 in the districts of Gmünd, Horn, Krems, Waidhofen an der Thaya and Zwettl.

Source: Krone

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