The real estate market recovered last year after the cooling in 2023 and 2024. In eight out of ten analyzed regions, the asking prices for condominiums increased in 2025, after prices had fallen in more than half of the districts in 2023, according to Judith Kössner from willhaben.at. This analysis is based on 230,000 listings on the platform.
There were massive price fluctuations in apartment prices, both upwards and downwards. For example, square meter prices in Oberwart (Burgenland) dropped particularly sharply, by 17.2 percent to an average of 1,856 euros. Tulln (Lower Austria) recorded a decrease of 14 percent to 4,724 euros. In Oberpullendorf (Burgenland), prices fell by 12.5 percent to 2,631 euros, in Leoben (Styria) by 9.6 percent to 1,779 euros, and in Neunkirchen (Lower Austria) by 6.1 percent to 2,222 euros.
Apartment prices in St. Pölten more than a third more expensive
The most significant price increases for apartments occurred in St. Pölten (Lower Austria) with a price increase of 35.4 percent to an average of 3,359 euros per square meter, in Gmunden (Upper Austria) with an increase of 27.8 percent to 5,855 euros, Freistadt (Upper Austria) with an increase of 27.6 percent to 4,286 euros, Krems Land (Lower Austria) with an increase of 26.6 percent to 4,210 euros, Wiener Neustadt Land (Lower Austria) with an increase of 24 percent to 3,242 euros, and Dornbirn (Vorarlberg) with an increase of 23.4 percent to 6,190 euros. Additionally, Rohrbach (Upper Austria) became about a fifth more expensive with an increase of 22.1 percent to 3,927 euros, Eisenstadt with an increase of 21.8 percent to 3,480 euros, Villach (Carinthia) with an increase of 21.1 percent to 4,936 euros, and Gänserndorf with an increase of 20.7 percent to 4,199 euros.
Murtal and Lilienfeld have the cheapest apartment prices
The cheapest apartments nationwide were found in Murtal (Styria) with 1,481 euros per square meter (an increase of 2.6 percent), Lilienfeld (Lower Austria) with 1,585 euros (a decrease of 2.2 percent), Güssing (Burgenland) with 1,649 euros (an increase of 0.7 percent), Bruck-Mürzzuschlag (Styria) with 1,688 euros (a decrease of 1.8 percent), and Leoben (also Styria) with 1,779 euros (a decrease of 9.6 percent). Prices below 2,000 euros per square meter were also found in Oberwart (Burgenland) with an average of 1,856 euros (a decrease of 17.2 percent), Zwettl (Lower Austria) with 1,891 euros (a decrease of 1.6 percent), and Horn (also Lower Austria) with 1,939 euros (an increase of 9.3 percent).
Apartment prices: Highest prices in Vienna and Kitzbühel
Highest prices in the five-digit range per square meter were only demanded in Vienna-Innere Stadt with 13,718 euros and for the first time also in Kitzbühel (Tyrol) with 10,056 euros. Other expensive areas in Austria included the Vienna districts of Wieden (8,618 euros), Neubau (8,068 euros), Döbling (7,974 euros), Alsergrund (7,954 euros), Mariahilf (7,554 euros), Hietzing (7,491 euros), Währing (7,447 euros), Josefstadt (7,285 euros), Leopoldstadt (7,121 euros), and Landstraße (7,093 euros). "All state capitals and almost all districts in Vienna have seen price increases in 2025," Kössner reported. This did not apply to the Vienna districts of Döbling (19th district) with a price decrease of an average of 1.5 percent, Leopoldstadt (2nd district) with a decrease of 0.9 percent, and Innere Stadt (1st district) with a decrease of 0.7 percent.
Federal capital mostly more expensive
In Vienna, the most significant price increases were seen in Liesing (23rd district) with an increase in asking prices of 18.9 percent to an average of 5,874 euros per square meter. This was followed by Margareten (5th district) with an increase of 18.5 percent to 6,963 euros, Mariahilf (6th district) with an increase of 15.5 percent, and Hietzing (13th district) with an increase of 14.3 percent. Asking prices increased by 13.3 percent each in Alsergrund (9th district), Wieden (4th district), and Landstraße (3rd district). Double-digit percentage increases were also seen in Rudolfsheim-Fünfhaus (15th district) with an increase of 12.9 percent to 5,487 euros per square meter, Brigittenau (20th district) with an increase of 12.1 percent to 5,474 euros, and Neubau (7th district) with an increase of 10.7 percent. The smallest price increase in the federal capital was recorded in Währing (18th district) with an increase of 1.4 percent, Penzing (14th district) with an increase of 2.6 percent to 5,737 euros, Favoriten (10th district) with an increase of 3.1 percent to 5,140 euros, and Josefstadt (8th district) with an increase of 4.1 percent. In the remaining districts, apartment prices increased by around 5 to 10 percent.
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