The Austrian market is stabilizing

The Austrian market is stabilizing

In the first half of 2013, property prices in Austria rose by 0.3%. This indicates an extremely low probability of a bubble occurrence in the Austrian market, reports ee24.com portal citing FriedlNews.

The Austrian capital continues its steady rise in the cost of housing. Compared to the first half of 2012 the real estate market in Vienna rose by 3.8%. Analysts believe that in the medium term, other Austrian cities should not expect any significant price increases.

Recently ee24.com wrote that the Austrian capital took the second place in the ranking of the best cities to live in the world. Average property prices in Vienna are about €2,500 - €3,500 per sq.m.