Single-family homes became cheaper on average in Austria last year by four percent – although prices did not fall in all states. Houses became more expensive in Carinthia and Salzburg. There is also a large gap in average prices: in Vienna, Tyrol, Vorarlberg and Salzburg, single-family homes cost almost 700,000 euros or more, in the other five federal states under 350,000 euros, according to a cadastral analysis by the real estate company Again/Max.
The price drop was accompanied by a huge drop in the number of transactions. 16.4 percent less turnover was registered in the land registry, a total of only 8,221 properties. That was a third less than in the record year 2018 (then 12,689 purchases).
Cheapest in Burgenland, most expensive in Vienna
The cheapest houses were in Burgenland with an average of 209,770 euros and 277,113 euros in Lower Austria, the most expensive with 795,394 euros in Tyrol and 803,423 euros in Vienna. Because the number of transactions fell in all states and prices also fell on average, a total of only 3.28 billion euros was spent on single-family homes in 2023, after around 4.1 billion euros in 2021 and 2022.
The most expensive single-family home cost 16 million euros
The most expensive single-family home changed hands in Vienna-Döbling last year for 16 million euros, according to an analysis by the land registry of Immounited and willhaben, which was also published on Tuesday. A single-family home in Vienna-Währing (12.5 million euros) and in Kirchberg in Tyrol (11.6 million euros) were also worth double figures to buyers. At least two attic apartments, in the 1st district in Vienna (13 million) and in Kitzbühel (11.7 million), played in the same competition.
Apart from single-family houses, the most expensive cadastral registration in the previous year was for a forest area in Weyer (Upper Austria) with 463,770 square meters at 130 million euros, ahead of an office building for 114 million euros in Vienna-Donaustadt and a building in the city center of Vienna (95 million euros).
If you look at all properties together, by far the most transactions took place in the city of Graz (2228), ahead of the city of Salzburg (963) and the Viennese district of Donaustadt (929).
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.
