Immoscout24 Says Austrian Real Estate Prices In Popular Ski Areas Are Still Rising
Despite the lack of snow, winter tourism is going well. The longing for winter and nature drives many Austrians to popular ski regions. ImmoScout24 has analyzed the prices of condominiums in 16 Austrian ski areas for anyone who would like to buy a permanent home in the beautiful mountains. Real estate prices in the ski regions are still rising. In 2022, you had to spend an average of 11 percent more for condominiums in winter sports regions. Kitzbühel remains the absolute leader in property prices with a square meter price of around 13,400 euros. But even in cheaper areas such as Semmering, prices have climbed from around 2,000 euros per square meter in 2021 to over 3,000 euros in the previous year. In the Austrian average you have to be around 5. 660 euros per square meter for the holiday home in the snow. “Demand for property in popular tourist regions is traditionally very high in January. We see prices stabilizing and expect a more moderate development in the current year,” explains Markus Dejmek, Austria boss of ImmoScout24.
Price increases in posh ski resorts lower than in the south and east
Even if the price increase in some popular winter sports regions such as Silvretta Montafon, Ischgl, Saalbach-Hinterglemm or Kitzbühel is already slowing down a bit and is up to 10 percent, the areas in the west are still the most expensive. In Kitzbühel, prices rose last year by 10 percent to EUR 13,393 per square meter, followed by St. Anton with EUR 9,750 per square meter and an increase of 31 percent. More than 9,000 euros per square meter also have to be paid for condominiums in the Brixental – Wilder Kaiser area. The region benefits from its proximity to Kitzbühel. The price level is similarly high in Ischgl and Schladming.
The Salzburg regions of Kaprun/Zell am See and Saalbach-Hinterglemm range between 7,000 and 8,000 euros per square meter. Less than 4 000 euros per square meter are currently being asked by sellers of apartments in Hinterstoder (3,772 euros/m2) and in the Semmering region (3,125 euros/m2).
However, in the Semmering ski area, which is extremely popular with the Viennese, the prices for property have recently risen the most with a plus of 63 percent, followed by Nassfeld with an increase of 47 percent to 7,132 euros per square meter. And also in the Tyrolean Alpbachtal (6,765 euros/m2) property prices have increased by 34 percent. The Katschberg region recorded a slight drop in price at EUR 5,986 per square meter.
About the data analysis
The analysis carried out in January 2023 is based on around 7,300 data points from the years 2020 to 2022. The median, not the average price, was calculated.
