Where to find property in Austria for under €100k
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Loading... - Sabine Auer
- 14 Sep 2022
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Property prices are rising in much of Europe, and Austria is no exception.
The graph below from the European Union’s statistical agency Eurostat shows the sharp upwards trajectory over the past few years with property price increases in Austria outpacing those in the European Union as a whole.
And a new survey found that the average price per square metre for new apartments in Austria rose by 11 percent last year, making the country Europe’s second-most expensive market.
It’s no surprise, then, that property ownership in Austria remains low.
According to Eurostat, 55.2 percent of people owned their home in Austria in 2021 – well below the 70 percent European average. That’s the third lowest percentage in Europe after Switzerland (41.6 percent) and Germany (51.1 percent).
So, where can we find cheap(er) homes in Austria – either properties that are move-in ready or those that could be excellent investments for those who enjoy fixer-uppers (or huge DIY projects)?
To find these gems, we used a property website that allowed us to search for real estate in the whole of Austria (instead of just a few main cities) and showed us homes with at least three rooms.
The price limit was set at €100,000 (while our colleagues in even-more-expensive Switzerland had theirs set at a much heftier CHF 500k, around €515k).
As of August 2022, we found 25 houses and 34 apartments meeting these criteria on sale.
As you might expect, many of these need (a lot of) work, but the good news is you can definitely still nab a home for under €100,000 with gorgeous views, small plots of land or lake access. Read More...
