While the number of building permits in new buildings in the previous year, as reported, fell on a low, the Remax broker network reports on a trend reversal: the single-family market was the first to complete the “expected market rotation”.
In 2024, 9812 single -family houses were sold in Austria – 19.4 percent more than in the previous year. This emerges from the official land register, whose verbales Remax, together with the data service provider Immounited, regularly evaluates.
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Since the record year 2018 with 12,689 single -family house sales, it had been going downhill, the 8221 transactions 2023.
“Even if the average from 2009 to 2023 is still a bit away at 10,481, at least the spell is broken, the trend is reversed and the single-family house market again in the upswing,” says Remax Austria boss Bernhard Reikersdorfer.
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Image: L&L Photography
Source: Nachrichten
