Housing is getting more and more expensive. Rising energy prices are not the only reason for this. The consulting firm Deloitte took a look at the 2021 rental prices. Accordingly, the average rent per square meter was EUR 10.22 in Linz and EUR 10.40 in Graz. Renting in Vienna was even cheaper at EUR 8.66 per square meter. This is due to the high proportion of council flats there and the numerous rent-regulated old building flats.
Other cities were not analyzed. The stated values are net of cold rent, including house running costs. There are also electricity and heating costs.
According to Deloitte, the data for the “Property Index” comes from the microcensus of Statistics Austria and “other sources” that are not publicly named. In the microcensus, 22,500 households in Austria are surveyed every quarter.
Even the dream of owning your own home is becoming increasingly difficult to achieve financially. The price per square meter for new apartments in Austria climbed an average of eleven percent in 2021 to an average of 4,782 euros, for used apartments to 3,628 euros. Vienna is the most expensive with an average price for new apartments of 5788 euros per square meter (plus 8.2 percent). In Linz, an average of 4,382 euros per square meter was paid (plus 9.3 percent), in Graz 3,416 euros (plus 9.5 percent).
“Ownership is now a luxury good,” says Gabriele Etzl, who is responsible for real estate at Deloitte. But other cities are even more expensive. Significantly more was paid in Paris in 2021 at EUR 13,462 or in Munich at EUR 10,500 per square meter. In 2021, however, it was cheaper to buy in Brussels at EUR 3869 per square meter (up six percent), in Rome at EUR 3208 (up 1.6 percent) and in Lisbon at EUR 4175 (up one percent).
Prague achieved a veritable increase in the new purchase price with an increase of one fifth to 4353 euros per square meter. Despite good demand on the real estate market, there are also cities in Europe where new purchase prices have fallen. In Marseille, not very popular due to high crime rates, you could buy 6 percent cheaper. It also got cheaper in the city of Celje in Slovenia. The fourth largest city in the country with around 38,000 inhabitants lies between Ljubljana and Maribor.
Even with rising rents, you can take some comfort by looking at cities that are even more expensive. In Paris in 2021 the average rent was EUR 29.10 per square meter and in central London EUR 25.12. (haase)
Source: Nachrichten
