Tuesday, 03. March 2015 - 21:03
29. 11. 12. - 13:00
The value of flats in Vienna has increased in the past five years by 38.9%.
The findings were reported this week by real estate firm Immobilien.net which said that particularly in demand were objects that included a balcony or terrace and which were located on the roof of the house.
Managing director Alexander Ertler said: "above all locations where it is green and there is lots of open space and a clear view of the sky offering a chance to escape a bit and relax are particularly in demand."
They worked together with a group from the FH Kufstein Polytechnic where they found that on average there had been at least a 30% increase in value.
Flats with a terrace have on average around 26% higher value than average and those with a balcony around 16% more.
In part the prices being pushed up by the scarcity of in particular properties in a good location in the more expensive regions such as the first district.
In the inner city the price to own property is between 8,500 and 9,000 euros per square metre.
At the other end of Vienna in for example Simmering it is between 2,000 and 3,000 euros per square metre in comparison.
But the price increase has also hit the rest of Vienna for example outside the Gurtel - in Rudolfsheim-Fünfhaus the increase is around 44 per cent.
In Wieden the price had increased by around 71.6 percent.
Other statistics reported by the company were the fact that the larger the flat the better the price that could be reached per square metre.
Cheapest properties were those that were built in the 1960s and the 1970s whereas the most expensive were the new buildings and the really old "classic" properties.
Ertler believes however that the prices will stabilise and that at the moment the tendency was away from flats and more towards houses on the outskirts of the city.
But alongside the cost of ownership rents are also at a record high.
The worker's chamber (AK) is already alleging that many people are being charged far too much for their rent and is urging action to tackle the problem.
Mad About Mammoths At Vienna Museum
A unique exhibition in the Austrian capital Vienna has proved a massive hit after bringing together for the first time some of the most famous frozen woolly mammoth remains.
Spate of Crimes throughout Vienna and Lower Austria Solved
Four men have been arrested after committing 113 break-ins, 21 thefts and causing at least 260,000 Euros worth of damage.
Dad Punished Child, 2, With Boiling Hot Shower
A two-year-old girl is in an artificial coma and fighting for her life after her father threw her into a scalding hot shower leaving her with severe burns at the family home in the Austrian capital Vienna.
Police And Firemen Get Cold Turkey
Flipping the bird was given a new meaning in Austria this week when a truck filled with plucked turkeys overturned, closing a busy motorway in the process.
Halloween At The Zoo
Pumpkin pie might be the order of the day for people this Halloween but now zoo animals are also getting in on the act.
Baby Naked Mole Rats Born In Vienna
With their pink hairless bodies and fangs for front teeth, these baby naked mole rats were never going to win any cuteness contests at Schonbrunn Zoo in the Austrian capital Vienna.
Jihad Girls Gunpoint Retraction Of Desire To Go Home
Austrian anti-terrorism police believe that an interview given to a French magazine allegedly with one of the two teenage girls who fled to Syria to join in the jihad was probably carried out at gunpoint.
MEP caught In Brit papers Fraud Probe Jailed
A corrupt MEP caught by a British newspaper offering to propose amendments to EU laws in exchange for 100,000 euros a year has been given a three-year-jail term.
Vienna Jihad Girls Want To Come Home
The two Austrian teenage girls who became ‘poster girls’ for the jihad in Syria are now desperate to come home after getting completely disillusioned with their new lifestyles.
Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.
The most popular stories –
last 7 days