Lore-Kutschera-Weg 11 1120 Vienna
The rapid comeback of the investment apartment
The slump in market volume in 2022 was followed by a noticeable recovery in the second half of 2023. The familiarization phase with the new market conditions is over and the advantages of long-term investments in stable tangible assets are now taking center stage again.
© Lukas Schaller
The interest rate trend in 2022 and 2023 was a challenge for the entire real estate market and therefore also for real estate investors. The number of transactions decreased by around 35% year-on-year in 2023, although there was no significant change in sales prices. However, as quickly as the market trend was characterized by caution, senti- ment changed again. There was a significant increase in demand from the summer onwards after still weak figures in the first half of 2023,
which was then reflected in correspondingly rising sales figures in the fall. Prices have not only stabilized but are approaching the record levels of early 2022. In some submarkets, they are now even higher.
There are a number of reasons for the rapid comeback of the investment apartment as one of the most popular forms of investment for private investors in the upper income bracket, which together more than offset the factor of higher financing costs and more attractive fixed-interest investment alternatives:
06
Powered by FlippingBook