Real estate madness in Vorarlberg: Prices rise by an incredible 80%!

Real estate madness in Vorarlberg: Prices rise by an incredible 80%!

The prices for real estate and land in Vorarlberg are constantly increasing and making living in the west of Austria a costly matter. According to a report by newspaper of work , prices for houses have increased by up to 78 percent in the past ten years. This development runs through the entire state, but there are striking price differences between the regions.

The costs have exploded, especially in sought -after places such as Lech. However, less popular communities such as Hittisau offer comparatively cheaper building sites. According to Statistics Austria, Vorarlberg is one of the most expensive federal states in Austria when it comes to living space. Median prices per square meter have increased enormously in recent years: apartments today cost an average of 4,962 euros per square meter, which means that a 70 square meter apartment quickly costs over 350,000 euros. This price was still about 40 percent lower ten years ago.

price analyzes: Houses and apartments in focus

At the current prices, Immocheck Austria that the average purchase prices for single-family houses in Vorarlberg are almost 705,000 euros. Vorarlberg is thus in fourth place in Austria when it comes to the most expensive federal states for single -family houses. The most expensive are free -standing single -family houses with special equipment and proximity to Lake Constance.

As far as the apartment prices are concerned, Bregenz is the most expensive district with an average square meter price of 4,087 euros, while condominiums in the Feldkirch district are cheaper at around 3,779 euros per square meter. The differences are relatively low compared to other federal states, which makes the price structure particularly interesting in Vorarlberg.

The prices for land also experienced a steep climb, even in times of interest and inflation. Dornbirn runs with a median price of 973 euros per square meter, followed by Feldkirch with 757 euros. Bludenz, on the other hand, offers the cheapest building plots in the country with just under 445 euros.

A look at the statistics

The comprehensive data made by Statistics Austria show the average price of real estate at regional level. These figures are based on purchases of private households and are underpinned by transactions from the past four years. The survey aims to show a realistic picture of the real estate market and to valorize prices according to the living space, base areas and construction periods with the help of a regression model.

The continued inflation suggests that the conditions for real estate buyers are becoming increasingly challenging. Many have to deal with the fact that their dreams of a home in Vorarlberg are increasingly moving far away. It remains to be seen how the market will develop and whether there will be a trend reversal in the future.