Demand for small apartments increased
According to an evaluation by the real estate platform willhaben and the land search experts at IMMOunited, the share of traded properties with a living space of less than 35 square meters increased significantly between 2015
to 2020 increased significantly.
Especially in Linz (58 percent) and Bregenz (56 percent), this increased significantly compared to 2015 to 2017. Prices for small condominiums vary greatly depending on the provincial capital. For example, buyers of small apartments in Innsbruck paid an average of €131,000 between 2018 and 2020, while in Klagenfurt the figure was €63,000.
Innsbruck leads the way with the highest percentage of condominiums purchased in the small apartment segment, at around 14 percent. The share of properties over 110 square meters only recorded double-digit growth in Bregenz (20 percent) and Klagenfurt am Wörthersee (18 percent) in the period 2018 to 2020 compared with 2015 to 2017.
There was an increase in acquired residential space only in Graz. Here, the area of traded apartments increased by two percent. With only one percent less average living space, there were hardly any changes in Salzburg, St. Pölten and Innsbruck. Innsbruck tops the list of the smallest average living space in the provincial capitals with around 65 square meters. This is followed by Graz with around 66 square meters and Salzburg with around 71 square meters. Condominiums in Bregenz are the largest on average, with more than 78 square meters.
Method
For the evaluation, apartment transactions in the provincial capitals from the years 2015 to 2020 were used and the property size was analyzed. The cut-off date for the evaluation was August 24, 2021.
Source: ImmoFokus.at, 05.10.2021
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Mosam Real Estate was founded in 2017 and is headquartered in Vienna. The owner-managed company sees itself as a comprehensive real estate service provider and residential developer. The focus is on the high-quality marketing of residential and commercial properties throughout Austria, as well as the renovation and construction of residential buildings, taking into account the current possibilities of sustainable and climate-friendly building materials and construction methods.
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