Residential property prices as measured by the Austrian house price index increased by 5.8% in 2019, according to Statistics Austria.
House prices increased by 4.6% and flats by 6.7% compared to 2018. Furthermore, the 2019 update of the average real estate prices shows large regional differences in Austrian regions.
The Austrian average was €80 per square meter of building plots, €3.226 per square meter in apartments and €1.600 per square meter in houses.
The average real estate prices calculated for Austria are available for all districts (for dwellings and apartments) and municipalities (building plots). It covers regional real estate prices for houses, apartments and land and is based on land register data from the years 2015 to 2019.
Large price differences between rural and urban areas as well as the eastern and western part of Austria are evident.