Linz
The decline in new residential construction is also clearly noticeable in the Upper Austrian capital. The number of completions has been declining since 2021, and some large and medium-sized projects that were actually due to start in 2023 and 2024 have been postponed. Construction starts for privately financed condominium projects, such as that of a Consulting Company residential property in the Urfahr district, are currently in short supply, and demand for the few available units is correspondingly high. As a result of this development, the vacancy rate is continuing to fall while rents remain stable, and the reali- zation times for vacant apartments are gene-
rally short. Rents for good-quality projects in above-average locations range between 10.65 and 11.50 euros/sqm, while purchase prices are in the range of 4,350 to 5,650 euros in good residential locations. At this price level, buyers of investment apartments can also find interesting offers with acceptable returns in the city center.
Parzhofstraße 25 4040 Linz
Development of the average purchase prices of transacted investment apartments in Linz (in euros/sqm)
5,000
5,060*
4,000
4,498
3,776
3,000
3,575
2,000
2020
2021
2022
2023
*Preliminary data
22
Parzhofstraße 25 4040 Linz
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