What will happen to Austria’s property market in 2021?


In The Local last week, Hayley Maguire wrote of how, despite a global pandemic and lockdown restrictions, Austria’s property market nevertheless performed well in 2020 with prices and demand rising. She asks property experts, what will happen in 2021?


Whilst 2021 begun in lockdown, without the usual number of tourists, experts predict another strong year for the property market. Hayley Maguire writes that the Housing Price Index in Austria increased an all-time high last year – reflecting the strong performance of the market. Likewise, demand has remained high for ski property in the Austrian Alps.


Mountain property specialist Maizie Baird says the increase in demand in the Alps has coincided with clients prioritising their lifestyle when searching for a new home. “Many people are self-employed or working from home, so working or running your business from your ski chalet is very attractive for our clients,” she said. “Similarly, we are already seeing more interest in rental investment properties.”


Read the article on The Local here.