Introduction
For Austria’s real estate market, 2024 was both an exciting and a challenging year. A series of interest rate cuts by the ECB im- proved the investment climate and created an attractive environment, especially for investors. Tax-related developments like accelerated depreciation and the higher yields which resulted from rising rents sent positive signals to the investment property market. The combination of stable income, long-term value and tax benefits has been very favourable for investment property owners – and the outlook for 2025 is positive. However, 2024 also brought a substantial decline in the number of
investment apartments sales. This in no way reflected buyers’ interest in the product but was based on decisions to purchase at owner-occupier prices. This report is designed to provide a comprehensive view of the central develop- ments which influenced the past year. We not only analyse rental and purchase price dynamics, but also examine the factors that have again made investment apartments a stable and future-oriented investment alternative. Our goal is to give you clear and well-founded insight into the market and, in doing so, create a solid basis for decisions that help you to optimally utilise the opportunities in this segment.
Karina Schunker, MA MRICS
Andrea Pöchhacker, MSc MRICS
Managing Director EHL Wohnen GmbH
Authorized signatory Head of Residential Investments EHL Wohnen GmbH
Kobelgasse 9 1110 Vienna
03
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