Austrian Property Market Becomes Even More Attractive

Published: January 15, 2013; 19:58 · (FriedlNews)

According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.

Austrian Property Market Becomes Even More Attractive / Picture: © Flickr

The attractiveness of Austria´s real estate sector is increasing. In 2012, 65% of the respondents said that Austria would be a recommendable investment location. Now, 90% of the respondents were of this opining.

This year, the turnover in the Austrian property market is expected to grow again. Also the property prices for commercial, office and residential properties will increase again, Ernst & Young says. This is mainly due to the fear of an increase in inflation and the debt crisis in the Eurozone.