Austria is rightly considered one of the best countries in Europe. It is peaceful, beautiful, has a stable economy and a highly developed culture. That is why many people dream of buying a house in Austria. In this article, we would like to tell you how to answer the question “Is the price of a house too high/low?”.
A detailed analysis of the statistics for previous years will help us to answer this question, as statistics not only help us to understand what the real estate market was like in the past, but also allow us to draw conclusions for the future.
It is worth noting that the value of real estate is influenced by various factors, including:
- location (city/district)
- nearby infrastructure;
- whether the property is a new building or on the secondary market;
- the size of the property.
For this reason, the following graphs will be divided by the size of the property and will show the trend in house prices both throughout Austria and in the capital city – Vienna.
Average price of houses up to 100 m2 in Austria from 2016 to 2023 (in EUR/m²)
| Year | Cost |
| up to 100 m2 | |
| 2023 | 4.224,84 |
| 2022 | 4.023,96 |
| 2021 | 3.606,28 |
| 2020 | 3.236,29 |
| 2019 | 3.080,36 |
| 2018 | 3.040,94 |
| 2017 | 2.761,92 |
| 2016 | 2.704,42 |
Statistics source: https://www.wohnungsboerse.net/
For example, the cost of houses up to 100 m2 almost doubled between 2016 and 2023. In 2016, the cost of 1 m2 of such a house in Austria was EUR 2,704, while in 2023 – EUR 4,224.
Houses in Austria between 100 m2 and 150 m2 in size differ only slightly in price from smaller houses, usually in a higher direction. This is demonstrated in the following table. It is also worth noting that house prices vary from federal state to state, but the table shows the average for Austria.
Average price of houses from 100 m2 to 150 m2 in Austria from 2016 to 2023 (in EUR/m²)
| Year | Cost |
| from 100 m2 to 150 m2 | |
| 2023 | 4.206,53 |
| 2022 | 4.025,72 |
| 2021 | 3.505,01 |
| 2020 | 3.262,98 |
| 2019 | 3.165,21 |
| 2018 | 2.983,26 |
| 2017 | 3.025,30 |
| 2016 | 2.783,33 |
Statistics source: https://www.wohnungsboerse.net/
Average price of houses from 200 m2 in Austria from 2016 to 2023 (in EUR/m²)
| Year | Cost |
| from 200 m2 | |
| 2023 | 4.120,09 |
| 2022 | 3.841,44 |
| 2021 | 3.446,52 |
| 2020 | 3.037,44 |
| 2019 | 3.410,81 |
| 2018 | 2.949,68 |
| 2017 | 3.054,77 |
| 2016 | 2.674,04 |
Statistics source: https://www.wohnungsboerse.net/
It is interesting to mention that houses across Austria with a size of more than 200 m2 have become cheaper over the years compared to houses with smaller areas. For example, 1 m2 of a house with a floor area of more than 200 m2 in Austria cost EUR 3,841 in 2022, while 1 m2 of a house with a size of up to 100 m2 cost EUR 4,023. The situation was similar in 2020 and 2021.
We would also like to talk about the tendency of house prices in Vienna, because Vienna is the cultural capital of Europe and a very attractive city for tourists. That is why the cost of houses in Vienna is one of the most expensive in the whole of Austria.
In 2023, houses in size up to 100 m2 will be available for an average price of EUR 5,872 per m2. The most rapid growth in house prices in Vienna is observed from 2020 to 2023. However, from 2016 to 2020, house prices increased moderately.
Average price of houses up to 100 m2 in Vienna from 2016 to 2023 (in EUR/m²)
| Year | Cost |
| from 100 m2 | |
| 2023 | 5.872,72 |
| 2022 | 5.348,60 |
| 2021 | 4.892,12 |
| 2020 | 4.460,85 |
| 2019 | 4.350,03 |
| 2018 | 4.235,78 |
| 2017 | 3.907,20 |
| 2016 | 3.735,57 |
Statistics source: https://www.wohnungsboerse.net/
Average price of houses from 100 to 200 m2 and more in Vienna from 2016 to 2023 (in EUR/m²)
| Year | Cost | |
| from 100 to 150 m2 | ||
| 2023 | 5.745,59 | |
| 2022 | 4.874,34 | |
| 2021 | 4.676,81 | |
| 2020 | 4.522,85 | |
| 2019 | 4.510,28 | |
| 2018 | 3.991,23 | |
| 2017 | 4.056,12 | |
| 2016 | 4.322,39 | |
|
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| 2023 | 5.923,37 | |
| 2022 | 5.470,33 | |
| 2021 | 5.849,42 | |
| 2020 | 6.076,76 | |
| 2019 | 4.116,77 | |
| 2018 | 4.275,37 | |
| 2017 | 4.849,47 | |
| 2016 | 5.114,82 | |
Statistics source: https://www.wohnungsboerse.net/
Notably, in Vienna, in contrast to other Austrian federal states, the cheapest m2 of a house is of medium size – from 100 m2 to 150 m2. But the highest price in Vienna is for houses with an area of 200 m2 or more. This trend has been going on for a long time, not just in the last few years, as the following table shows
As you can see, there are many factors that influence property values in Austria. These factors include both those directly related to real estate and the economic situation in the world. It is difficult to predict the direction in which the property market will develop in the future, but we assume that property will not become cheaper. Therefore, we advise you to think about buying it today!
VigoImmobilien real estate agency will be happy to help you choose a house in Austria that will meet all your needs, give you comfort and a home-like feeling.
