Average purchase prices for investment apartments in Linz (in Euros/sqm, based on transactions)
Construction activity has revived later than in other Austrian cities, and completions are there- fore projected to peak in 2024. The vast majority of the new properties involve subsidised rental apartments, but an oversupply is not expected. The price level is clearly lower than the other investment markets at 3,700 to 4,800 Euros/sqm, and rents are lower at 8.50 to 12.00 Euros/sqm. However, the gap to the other markets is much smaller than the gap for purchase prices – which leads to a higher rental yield for investors.
0 1,000 2,000 3,000 4,000 5,000
4,500*
3,645 3,575 3,775
2019
2020
2021
2022
*Preliminary data
Low vacancies and a comparatively favourable price level, especially in relation to local purchas- ing power, make Linz attractive for investment apartment buyers. Investors from Upper Austria previously dominated the market, but the city is also a good option for investors from other provinces. Densification projects in central locations are an especially promising option for investment apart- ment buyers. Interesting development trends can be seen in the southern quarter of Kleinmünchen, which benefits from its advantageous location on the Linz-Traun-Wels axis.
Average purchase prices for investment apartments in Klagenfurt (in Euros/sqm, based on transactions)
0 1,000 2,000 3,000 4,000 5,000
3,500*
3,160
2,802
2,460
2019
2020
2021
2022
*Preliminary data
Projects near the inner city and along the northern axis are particularly good for investments because of their established infrastructure. However, real estate projects along the west-south axis benefit from close proximity to the Wörthersee recre- ational paradise and the nearby university with its Lakeside Science & Technology Park .
CURRENT PROJECT
Parzhofstrasse 25 4040 Linz Number of apartments: 41 Completion: 2025
CURRENT PROJECT
Unsereins Feschnigstrasse 161-181 9020 Klagenfurt Number of apartments: approx. 149 Completion: 2024
Klagenfurt The real estate market in Klagenfurt receives con- siderably less national attention than the markets in the provincial capitals of Graz and Linz or the not much larger provincial capitals of Salzburg and Innsbruck. Nevertheless, this largest city in the province of Carinthia is growing steadily as a result of contin- uous migration and now has more than 100,000 residents.
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