The Vienna housing market continues to boom - the great demand for properties and the simultaneous decline of offers has led to a jump in real estate prices. Vienna property values have risen in 2011 compared to 2010 to 9,2%. The condo market is limited at the moment, especially in urban areas.
The price dynamics of Vienna's real estate market have surprised even real estate experts, as urban margins and less popular districts have seen an appreciation in value. One reason for the booming real estate market could be the current economic situation.
Many investors see real estate investment a safe bet at this time. City apartments continue to appreciate, whereas the value of a holiday house in the country is receding. Positive rental market.
Source: http://www.austriantimes.at/news/Business/2012-07-04/42729/Vienna_real_estate_prices_continue_to_boom