Property prices in Austria expected to fall in 2023 – Property
High inflation is one of the reasons the reduced interest in acquiring real estate. The difficulties in financing, experienced above all by middle-class Austrians, will change the real estate market, predict 600 surveyed experts from “Remax”, reports the daily “Kurir”, quoted by BTA.
This will significantly change a number of parameters compared to 2022. they think demand will fall by 11.2 percent compared to 2022, while supply will increase by 7.6 percent. This is not a cause for concern, as the gap between demand and supply has been large in the past two years, experts says. Read More…