The average rent including operating costs was 9.9 euros per square meter nationwide in Austria, which is 1.0 percent higher than the previous quarter and 4.2 percent higher than the same quarter of the previous year, as reported by Statistics Austria on Thursday. The operating costs remained unchanged at 2.5 euros per square meter.

On Average 658.5 Euros

The average monthly rent with operating costs for an average apartment was thus 658.5 euros, with the actual amount varying depending on the size of the apartment, rental segment, rental duration, and location. The net rent, excluding operating costs, was 7.4 euros per square meter, representing an increase of 1.4 percent from the previous quarter and an inflation of 4.2 percent year on year.

Rent and Age

"Especially in households with people over 60 years of age, the rent per square meter is often lower due to the longer rental period," said Tobias Thomas, head of Statistics Austria, according to the press release. The average rent including operating costs in main rental apartments with at least one person over 60 years old was 8.3 euros per square meter in the third quarter, while households where all people were under 60 years old paid an average of 10.6 euros per square meter. Half of the surveyed households with older residents had been renting for more than 20 years.

(APA/Red)

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