According to the Austrian National Bank, from 2007 to mid-2013, housing prices in the country increased by 39%, which is the biggest indicator in the Eurozone, according to ee24.com citing opp-connect.com. This growth has become possible thanks to low mortgage rates and high incomes from renting out.
As is the case with other European countries, where one city is dominated, Austria is divided into two parts: Vienna, where real estate is overvalued by 20%, and other parts of the country where it is underestimated by 8%.
But the Austrian National Bank does not mean there will be a bubble. In contrast, experts say that if property prices in Austria are rising due to objective factors, as it's really happening, it can't lead to the formation of the bubble.