Since the whole world has gone crazy, discussing about states bankruptcies as well as hyperinflation, the safety thinking has increased.
The currency- and inflation fear has made many Austrians insecure.
Due to that, the demand for real property in all of Austria is rising since end of 2009.
The current land register analyses show that in fact more real estate is being purchased:
Last year 93.807 purchase of real estate were listed in the land register, 12,7% more than in 2009.
The total value of transactions also increased by 5,8 % to 17,25 billions euros.
By far the most demanded were condominiums: 34.932 objects changed owner, which corresponds to a rise of 14,9 %.
The reason:
Real estate signals value stability in a turbulent word – yes, one even holds out the prospect that real estate will possibly gain value in the next decades.
The conclusion of the recent past is obvious: the price per square metre of 7.000 Euros in Vienna’s City centre top locations is by now rather the lower limit!
Especially in Austria/ (Vienna) the market is known as one of the most stable and secure markets for real estate! This is increasingly interesting for European buyers.
So take advantage of this situation and make your investment a stable value with a profit!
Information by “Trend” Magazine
