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Property prices in vacation region rise by up to 16 percent

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In the lake regions, prices per square meter are currently at 6,000 euros.

Vienna (OTS) – Austria is very popular as a vacation destination. For more than half of the Österreicher:innen 2021 the alpine republic was the vacation country number one[+] (#_ftn1). Which costs with so much homeland attachment the purchase of a real estate in nine popular Austrian tourism regions and like the prices for free-hold apartments and houses developed this year, analyzes a current evaluation of [ImmoScout24]
(https://www.immobilienscout24.at/).

With 6,000 euro per square meter ceiling could be reached

The price development goes steeply uphill: In the first half-year 2022 the prices rose in the comparison to 2021 around on the average 12,5 per cent for free-hold apartments, in individual regions there were price increases up to 30 per cent. The average price for apartments is currently around 4,500 euros per square meter. In some lake regions, however, the price per square meter is now as high as 6,000 euros. On Lake Constance, in Zell am See or in the Salzburg lake district, a 75-square-meter apartment currently costs up to 470,000 euros. Somewhat simplified one could say: For this price one can make 47 years long two weeks luxury vacation with a budget of 10,000 euro in the beautiful lake region. But also in the well-visited mountain region of the Tyrolean Zillertal or in St. Johann im Pongau/Salzburg, the prices are above 5,000 euros per square meter. “With 6,000 euros per square meter, however, the price ceiling could be reached for the time being. In Zell am See, prices were already at this level in 2021 and have now remained stable,” says Markus Dejmek, Austria head of ImmoScout24.

House prices rise by 16 per cent

With the house prices the increase is still more clearly and lies with scarcely 16 per cent. For a 120 square meter house at the Bodensee one should hold scarcely 740,000 ready. Also in the regions cell at the lake, Zillertal and in the Salzburger lake region the prices lie up-to-date with 6,000 euro per square meter. Who spends annually a stately sum of 20,000 euro for vacation, could do that according to approximately 37 years. “Buying a property in a vacation region not only offers the opportunity to vacation in a beautiful place. It is also an investment in the future and a value investment. In such a way it sees also the Austrians:inside, which are still very active on the search for the correct second domicile , supplements Markus Dejmek.

The more favorable regions

Both with houses and with free-hold apartments the regions Schladming/Dachstein with prices up to 3,800 euro per square meter and the forest quarter with up to 3,000 euro per square meter lie under the high price level of the other vacation regions. Comparatively favorable is the acquisition of a real estate in the Murtal. The 75-square-meter apartment is just over 100,000 euros, and the 120-square-meter house can be had for an average of around 220,000 euros.

Tables see appendix.

About the data analysis
The analysis conducted in July 2022 is based on about 100,000 data points from the years 2021 and 2022.

* *
[+] (#_ftnref1) [Statistik Austria]
(https://www.ots.at/redirect/statistik54)

Maria Hirzinger
Working externally for ImmoScout24
Tel.: 0043 699 195 444 62
E-mail: [email protected]

OTS-ORIGINALTEXT PRESS EXPRESSION UND EXCLUSIVE CONTENT RESPONSIBILITY OF THE SENDER. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH and the respective sender

The post Real estate prices in vacation region rise up to 16 percent appeared first on TOP News Austria – News from Austria and around the world.

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