Business in Dornbirn: The home is really that expensive!
Business in Dornbirn: The home is really that expensive!
The real estate market in Austria is booming in the current time, and there are reasons. In urban regions in particular, the pressure on apartment seekers and buyers is increasing. Especially in places such as Dornbirn and Vienna, buyers have to dig deep into their pockets to secure a piece of land.
In Dornbirn, for example, a 500 m² property costs an average of 7.6 annual income-a sum that presents many with challenges. The square meter price is around 752 euros, which makes Dornbirn the top 5 most expensive districts in Austria. The numbers in Vienna are still a bit higher, where you have to expect 7.7 annual income for 500 m². In Salzburg City, the property even has 13.6 annual income, which is the highest value in the whole country, so Vol.at.
real estate prices in change
The average prices for real estate show a shocking but not unexpected picture. In the past 30 years, prices have developed in three phases, which are documented by the Fundamental Prize indicator of the Austrian National Bank. The current phase has an overvaluation of 15%, while the Innsbruck area has 6,200 euros per square meter the highest prices. Here, supply and demand are close together, which has a direct impact on price development. This is due, among other things, to the constant increase in one-person households and a healthy population growth, as real estate-oesterreich.at.
The situation in more rural regions looks very different. In areas such as Gmünd, Zwettl or Güssing, buyers only need 0.3 annual income to purchase a 500 m² property-a paradise for bargain hunters where the square meter prices are between 24 and 31 euros. These slightly affordable properties make the region particularly attractive, especially for families who want to leave the hustle and bustle of the cities behind.
The influence of pandemic
Another aspect that reinforces the trend towards living in the surrounding area is Corona pandemic. Many people are looking for more space and quality of life and therefore draw them to the quieter areas where they can afford their own home. In many places, demand exceeds the offer, which leads to increasing prices. In the surrounding area of large cities, the search for house and land remains exciting, because the new living trends can be clearly seen here.
In summary, it can be seen that real estate prices in Austria vary greatly and are now strongly influenced by the combined effect of urbanization, demand and current economic conditions. Despite the high prices in the metropolitan areas, there are also green oases, where the dream of your own home becomes easier. For all those who look at the purchase of land, it is important to find out well and have the right hand to make a bargain - because in the end this can prove to be truly valuable.For everyone who wants to find out more about real estate prices, the statistics Austria offers valuable data and analyzes that are based on purchases of private households and make regional price developments transparent statistics.at.
| Details | |
|---|---|
| Ort | Bludenz, Österreich |
| Quellen | |