SHARE
COPY LINK
For members

HEALTH

Where have housing prices risen in Austria during the pandemic?

Despite the economic impact of the pandemic, housing costs have risen dramatically across Austria - particularly for houses with gardens. Here’s what you need to know.

Where have housing prices risen in Austria during the pandemic?
Photo: SAUL LOEB / AFP

The economic impact of the pandemic has been as significant as it has been long. It is now the biggest economic crisis since the Second World War. 

One sector however has seen a dramatic spike in value – housing. 

Buying and renting have both increased in cost significantly in 2020 compared with 2019. 

READ MORE: Is it better to buy or to rent property in Austria? 

A study published by Austrian real estate platform ImmoScout24 showed a considerable rise in demand and cost for housing across the country. 

House prices rose by an average of 11.6 percent in Austria in 2020 – with demand increasing by 49 percent. 

The demand for apartments also rose by around 7.4 percent, while rents rose by five percent. 

Where has the demand for houses risen the most in Austria? 

The impact of the pandemic and the subsequent lockdown has meant that homes with gardens are more popular than ever. 

“Although our current trend study shows that Austrians are basically satisfied with their living situation, the dream of owning their own house has become firmly entrenched for many in 2020,” said ImmoScout managing director Markus Dejmek. 

The demand has been greatest in the extended suburbs of Vienna and Graz, where urban residents have been looking to get a little more green space. 

The increase in house demand has also been felt in a number of other Austrian states. 

According to ImmoScout, demand has been particularly strong for second homes or holiday homes. 

The highest increase was in Carinthia, where demand grew by approximately 76 percent. 

In Lower Austria (63 percent), Styria (59 percent) and Burgenland (55 percent) demand also grew dramatically. 

Where have apartment prices risen the most in Austria? 

Housing and apartment prices also saw a spike across the country. 

Austria’s west saw the greatest increase in house prices, with apartment prices increasing by 18.2 percent in Tyrol, 13.2 percent in Salzburg and 12.1 percent in Vorarlberg. 

Apartments also became more expensive in 2020. Burgenland saw a cost increase of 17.1 percent for apartments, while prices rose in Styria (12.4 percent) and Lower Austria (10.2 percent). 

While costs in Vienna rose less sharply, this was largely because prices are already high in the capital. 

The price of apartments rose in Vienna by 7.4 percent to €5,340 per square metre, while the price for houses rose by 4.9 percent to €4,990 per square metre. 

“The expensive west with Tyrol, Vorarlberg and Salzburg again increased in price significantly in 2020. But the belt around Vienna also recorded considerable price increases in 2020,” Dejmek said. 

Rents also on the rise

Across Austria, rents rose on average 14 euros per square metre in 2020 – an increase of five percent on prices from 2019. 

Rents increased sharply in Vienna – by €15.8 per square metre (4.8 percent). 

Rents also rose in the west of the country. In Tyrol, there was an increase of €16 per square metre (5.1 percent). 

Tyrol remains the most expensive state in Austria to rent a property, while Vienna is the second most expensive. 

In Vorarlberg, there was an increase of 4.1 percent – or €15 per square metre, making it the third most expensive state for rentals in Austria. 

Rents declined in only one Austrian state – Burgenland, where they fell by 2.4 percent or €9.30 per square metre. 

Burgenland remains the cheapest state in Austria when it comes to rental prices, followed by Lower Austria where the costs are €11.20 per square metre (a 0.5 percent increase on 2019 prices). 

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

HEALTH

Essential guide for travelling with allergies in Austria

Whether you have an allergy or travel with someone who does, dealing with unfamiliar foods and not knowing what you can eat can be a stressful experience. Hopefully this guide will help you get by in Austria.

Essential guide for travelling with allergies in Austria

EU allergy laws

As part of the European Union, Austria is covered by EU laws on the 14 most dangerous food allergens. “When you eat out in restaurants, cafés, hotels, or similar places, they are legally obliged to be able to explain what the food contains”, Liselott Florén, head of communications at Sweden’s Asthma and Allergy Association, told The Local Sweden when explaining the bloc’s rules.

When buying prepackaged food, you’ll usually see any ingredients containing one of these allergens highlighted in bold or capital letters. Here’s a list of the 14 most common food allergens with their Austrian translations and the abbreviation used:

  • A: Cereals containing gluten – Glutenhaltiges Getreide und daraus gewonnene Erzeugnisse
  • B: Crustaceans – Krebstiere und daraus gewonnene Erzeugnisse
  • C: Eggs – Eier von Geflügel und daraus gewonnene Erzeugnisse
  • D: Fish – Fisch und daraus gewonnene Erzeugnisse (außer Fischgelatine)
  • E: Peanuts – Erdnüsse und daraus gewonnene Erzeugnisse
  • F: Soy beans – Sojabohnen und daraus gewonnene Erzeugnisse
  • G: Milk – Milch von Säugetieren und Milcherzeugnisse (inkl. Laktose)
  • H: Nuts/tree nuts – Schalenfrüchte und daraus gewonnene Erzeugnisse
  • L: Celery – Sellerie und daraus gewonnene Erzeugnisse
  • M: Mustard – Senf und daraus gewonnene Erzeugnisse
  • N: Sesame – Sesamsamen und daraus gewonnene Erzeugnisse
  • O: Sulphur dioxide and sulphites – Schwefeldioxid und Sulfite
  • P: Lupin – Lupinen und daraus gewonnene Erzeugnisse
  • R: Mollusca – Weichtiere wie Schnecken, Muscheln, Tintenfische und daraus gewonnene Erzeugnisse

Depending on your allergy, it can be a good idea to learn the German words for common food items that may contain your allergen, like Käse, Rahm or Molkenpulver (cheese, cream or whey powder) for milk allergies, although these will often be followed by the name of the allergen in question, too. 

Some more important phrases are kann enthalten (may contain), kann Spuren von XXX enthalten (may contain traces of) and ohne (without). People with egg or milk allergies can also look for vegan foods, usually marked with English words like vegan (or the german veganes) or plant based. Not to be confused with vegetarisch, which means vegetarian.

Be aware of common Austrian foods which may contain allergens. Some foods described as a salad (sallad) often contain mayonnaise, and eggs, milk and mustard are all popular ingredients. 

Sauces and gravies often contain cream, butter or milk, so make sure to check these, and there are a number of cakes which contain almond (mandel)..

Always have a dialogue with staff in restaurants

Knowing the EU allergens can be useful for reading menus and ingredient lists in the supermarket, but people with allergies should not rely on written information alone when ordering in restaurants.

Since menus often change with the seasons, you might not be getting the most up-to-date information.

In most restaurants, you’ll see the words ‘Allergie? Sprechen Sie mit dem Personal!’ (Allergy? Talk to staff!) or similar displayed somewhere, and staff should be happy to help you.

Decide whether to make or buy an allergy card

Austrians are good English speakers,, but for people with allergies it’s important that you’re completely confident that the person you’re talking to has understood what you’re trying to tell them.

It can be a good idea to write up some sort of message or card with information of your allergies included in German which you can show to staff (you can also buy one of these online with information in multiple languages).

Even so, make sure that the staff understands the information you are telling them. 

It can also be a good idea to let the restaurant know about your allergies in advance, if possible, whether that’s by phone or online.

If you do choose to create a card or written message to show to staff, here are some useful phrases in German which you can include:

Ich habe eine schwere/lebensbedrohliche Nahrungsmittelallergie – I have a serious/life-threatening food allergy.

Ich bin allergisch auf… – I am allergic to…

What to do if you have a reaction

You always have the right to acute healthcare in Austria, no matter where you come from. This includes treatment for serious allergic reactions. The emergency number in Austria is 144.

Depending on where you come from, the price of this healthcare varies. Residents of Nordic and EU/EEA countries won’t likely have to pay for treatment if they can show their European Health Insurance Card (EHIC). It’s a good idea to always carry this with you while you’re in Austria. 

As a general rule, non-EU residents will need to pay the full price of any treatment themselves (which is why it’s a good idea to get travel insurance before your trip).

UK residents can no longer get an EHIC card, unless they have rights under the Withdrawal Agreement, but they can show a GHIC (Global Health Insurance Card) instead to access healthcare at the same costs as Austrian residents.

SHOW COMMENTS