Apartments in Austria: the prices are not affected by the crisis
(European News)
Prices for apartments in Austria in 2009 did not decline. Influence of crisis on the Austrian real estate market was opposite of the expectations. Prices for apartments in Austria and other types of residential property rose instead of the fall.
According to Thomas Malloth, the head of real estate department of the Federal Economic Chamber of Austria, the number of apartments occupied in 2009 in Austria increased by 3.5% compared with 2008.
In 2009, Austria was observed the increasing demand for real estate objects. Therefore, maintaining of the same level of prices and even its small rise against this background that looks quite natural. At the same time, growth of prices for apartments was observed primarily in large cities. According to the expert this was primarily due to people's desire to keep their savings in safe structures. Against this background real estate is one of the most attractive investment destinations.
It is worth noting that the overall drop in demand in the tourist market also had no impact on the housing market of the country. Most ski resorts in Austria, including luxury Kittzbuel, Ischgl and Bad Gastein were able to maintain the level of housing prices at the same level or even slightly increase it. The same goes for capital, Vienna, as well as such cities as Salzburg and Innsbruck.
Nevertheless, some slowdown has affected lease market in Austria. In 2009, in the country was observed a small reduction in rates for office leasing. In addition, a slight decrease in prices was also recorded in a separate real estate market. Luxury villas in Austria, villas and castles became cheaper.
It is worth noting that, despite the stability of the real estate market in Austria, local investment companies seek to finance those projects which, in their opinion, promise the long term big profits. Thus, one of the best examples of this trend is Austrian real estate operator Europolis. The company is represented in real estate markets of CEE countries, and among its recent projects is transferring of 170 million euros in subsidiaries that operate in real estate and leasing market in Romania.
Date: 25/06/2010
| Tweet |
Comments
No comments
News
17/05/2012
Britain ask tourists to stay
VisitEngland national tourism agency decided to start the large-scale advertising campaign to promote holidays in the UK. Talking about the virtues of vacations on the beautiful austere British Isles the authors hoped to attract by this advertising concept at least some part of the multi-million flow of British tourists from hot resorts in Spain, Italy and Greece.
15/05/2012
Apartment rentals in Norway are getting more expensive
Average apartment rental price (for one sq m. per year) in Norway in the 1st quarter of 2012 for each segment:
1-bedroom apartment: 2027 NOK
2-bedroom apartment: 1399 NOK
3-bedroom apartment: 1157 NOK
4-bedroom apartment: 952 NOK
5-bedroom apartment: 843 NOK
09/05/2012
World’s best restaurants 2012
At the end of April 2012 British publication Restaurant has published another list of the best restaurants on the planet - The World's 50 Best Restaurants. This rating has been published since 2002 and over the last ten years could become one of the most respected in the world.
RSS
