This emerges from the price index published today, Wednesday, by the real estate agent network Remax. The market for luxury real estate was worth 4.15 billion euros last year, an increase of one billion euros or 31.5 percent compared to 2020. In 2019, the year before the crisis, it was three billion euros.
“The luxury real estate market in Austria has a different regional structure and is definitely manageable,” says Remax Austria Managing Director Bernhard Reikersdorfer. Those who could afford luxury real estate were looking for “nature and natural beauty, but also an infrastructure with restaurants, health care and high-quality cultural and shopping opportunities,” says Reikersdorfer.
According to Remax, the luxury segment includes: 537 single-family houses, 2808 apartments, 172 attic apartments, 118 lake properties and 189 lake properties. The prices for a single-family house rose from at least 800,000 to 995,000 euros, those for apartments in the luxury category from 510,000 to 562,500 euros. Top floor apartments were traded for at least 1.18 million euros, after one million euros in 2020. For lake properties and lake properties, the building type, property size and the name of the adjacent lake play a role. All properties sold and registered in Austria provide the basis for the calculations.
When it comes to the most desirable areas for luxury real estate in Austria, Tyrol and Vienna stand out. Almost half of all luxury single-family homes (155 in Tyrol, 104 in Vienna) and more than half of all luxury apartments (502 in Tyrol, 1350 in Vienna) are in these two federal states. According to the Remax statistics, Upper Austria has 34 single-family houses and 114 apartments. “State of emergency” still prevails at Attersee and Mondsee, according to Remax. Demand is constantly increasing, and the price per square meter has increased 4.5 times over the past decade.
Source: Nachrichten
