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Austrian Real Estate Sector: Sales Are Going Down
In the first half year of 2013, property sales went down substantially. In Vienna, the decrease is disproportionately high.
Austrian Real Estate Sector: Sales Are Going Down / Picture: © Vindobona.org
Compared to the first half year of 2012, the Austrian property sector recorded a decrease by 14% in the first six months of 2013. In total, 37,300 units were sold in the first half of 2013. The sale volume decreased 11% to € 7.23bn. In Austria´s capital Vienna, sales slumped by 26% compared to the reference period of 2012.
Nevertheless, prices are still moving upwards.…
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