Building land prices explode: from 10 to over 2000 euros per square meter!

Building land prices explode: from 10 to over 2000 euros per square meter!

Steyr, Österreich - In Austria, the dream of your own property becomes increasingly luxury. Current data show that the prices for building land vary greatly, which depends on the region. From cheap 10 euros per square meter in structurally weak communities to over 2,000 euros in popular tourism regions such as Kitzbühel, prospective property owners must expect enormous price jumps. According to Nachrichten. To be able to do the property. For comparison: In some Waldviertel and South Burgenland communities, one would only be busy with the average income to finance a similar property.

The data analysis of the opinion research institute OGM illustrates the growing gap between prices in East and Western Austria. While in cheap communities the square meter prices are between 10 and 20 euros, the prices in wealthy varieties such as Lech or Serfaus crash down, where you have to pay more than 100 times. The strongly pronounced tourism and the high settlement density in the west are the main causes for these price increases, such as "https://www.meinbeinbzirk.at/c-bauen/so--jahre-jahre-es-fuer-ein-grundstueck_a73741"> meindezirk.at reported.

pricing and influencing factors

The different building land prices are also influenced by various factors. OGM economist Andreas Chmielowski emphasizes that the “social status” of the community plays a major role. In addition, the existing infrastructure, traffic volume, noise and climatic conditions have an impact on the property prices. In wealthy communities around Vienna, such as Perchtoldsdorf or Gießhübl, the prices are also high, as many better earners live there and the medium gross income is over 75,000 euros. This contributes to the attractiveness and thus to the high property prices. Vienna itself is fourth in Austria in the building land prices, behind the most expensive regions such as Salzburg, Innsbruck and the Kitzbühel district.

Not surprisingly, there are also specific brakes on the real estate market. In structurally weak communities, it is often possible to finance a property with a few months of the average monthly income, while in wealthy areas an immense sum of money has to be saved. The evaluation is based on the sales data of the land from 2020 to 2024 and the average gross income from 2023. The forecasts can continue to vary, since ongoing developments on the real estate market and changes in the cost of living are important, as the data of Statistik.at Show.

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