Because fewer and fewer people can afford to own property, the demand for rental apartments remains extremely high. Where interest rates have risen particularly sharply and what that means for tenants in the future.
Anyone currently looking for an apartment in Vienna has to dig much deeper into their pockets than they did a year ago. Rents rose year-on-year in all 23 districts. Partly significantly, as in Brigittenau (plus 11 percent).City particularly expensiveThis is shown by an analysis of the offers advertised on immowelt.at from January to October 2022. The city center remains by far the most expensive, at currently 17.90 euros per square meter ( plus 4 percent). Here, the many modernized old building apartments in the best locations ensure top prices. The same applies to the neighboring districts. Asking rents on Landstrasse have broken through the 15 euro mark for the first time and are now at a median of 15.50 euros per square meter (plus 5 percent). Favorites, Hernals and Donaustadt.15 recorded significant increases. District cheapestThe 10th and 17th districts were considered comparatively cheap, hence the high demand. It is cheapest in the 15th district at EUR 13.80 per square meter (plus 2 percent). Ottakring, Meidling and Hietzing recorded the smallest increases. What do the experts expect for the next few months? Nothing good. Operating costs will increase significantly due to the rise in energy prices and lead to a further increase in overall rents, it is said.
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