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Persistent Boom in Austrian Real Estate Prices
On average, property and apartment prices were up by 6% last year. This is substantially above the inflation rate.
Persistent Boom in Austrian Real Estate Prices / Picture: © Vindobona.org
In most categories, the real estate price growth was above the inflation rate of 3.3%. Prices for building plots and freehold apartments were up by 6%.
As demand remained relatively high and real estate investments are still seen as safe haven, the trend will continue, Thomas Malloth at the Austrian Real Estate Federation said.
As a consequence, the high prices in the…
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