Property as Luxury: Real Estate Prices Continue to Rise

The Austrian real estate market recorded rising asking prices again in the first half of 2025. For condominiums, an average of 5,951 euros per square meter was demanded - an increase of 4 percent compared to the previous year. Single-family homes became 6 percent more expensive, averaging 4,041 euros per square meter. This is according to a current ImmoScout24 analysis, which evaluated around 180,000 listings.

High Interest in Property Purchase

"Interest in property purchase continues to increase, and the number of inquiries from seekers has been growing for the second year in a row," explained the Austria head of ImmoScout24, Markus Dejmek. "And now the asking prices are also rising. At the same time, the regional price differences are enormous."

While apartment prices rose nationwide, demand also increased significantly: by 22 percent compared to the same period last year. Interest was particularly strong in Styria (+37 percent), Tyrol (+25 percent), and Vienna (+23 percent). Buying an apartment remained affordable in Styria at 4,331 euros per square meter, while it was most expensive in Tyrol at 7,000 euros.

Noticeable Price Jump in Burgenland

A noticeable price increase of 38 percent was observed in Burgenland. According to ImmoScout24, the reason for this lies in numerous new condominiums that were completed in 2025 and significantly raised the statistical average with higher prices. Nevertheless, the average price there remains below the western level at 5,100 euros per square meter.

Houses in Tyrol Almost Twice as Expensive as in Burgenland

A single-family house with 130 square meters cost around 525,400 euros nationwide. The most expensive was Tyrol at just under 997,000 euros, while the cheapest was Burgenland at around 317,000 euros. Styria was the only federal state with a slight price decline (-3 percent). Carinthia recorded the strongest increase in house prices with +11 percent.

There was also lively demand for house purchases. Vienna led with an increase of 30 percent, followed by Vorarlberg (+24 percent), Tyrol (+19 percent), and Salzburg (+18 percent). Demand remained constant in Lower Austria and Upper Austria, while it decreased by 9 percent in Carinthia.

West-East Disparity Remains Significant

The analysis confirms the well-known pattern: Western Austria remains significantly more expensive than the East. In Vienna, Tyrol, Salzburg, and Vorarlberg, both apartment and house prices were clearly above average. In contrast, home ownership remains comparatively affordable in Styria, Burgenland, and Lower Austria.

According to ImmoScout24, the current inflation is not yet reflected in the land registry data. The data was collected in July 2025 and is based on 178,524 listings from the first half of 2024 and 2025. The median was used to calculate prices to avoid outliers up or down. The platform ImmoScout24 claims to have around 1.8 million customers monthly.

(APA/Red)

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