The Austrian housing market is quite strong, with the total number of residential property sales last year up nearly 17 percent over the previous year, according to a May analysis by the Austrian National Bank. In the fourth quarter of 2015, sales prices rose nearly 8 percent over the same period in 2014.
In Vienna, what had been robust price growth slowed to about 4 percent in the fourth quarter, but since 2010, prices in the capital city have risen by more than 50 percent, lately driven by sales of new condominiums, the report said. Outside Vienna, prices have increased by 30 percent during that period.
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