Real estate boom in Graz: record sales and top prices in focus!
In the first quarter of 2025, Vienna-Donaustadt recorded 281 property sales. Learn more about the market and trends.

Real estate boom in Graz: record sales and top prices in focus!
What is happening on the Vienna real estate market? There will be a lot of activity in the first few months of 2025. According to a land register analysis by Willhaben, most residential properties were sold in Graz, Salzburg and Vienna-Donaustadt in the first quarter of 2025. A single-family home in Vienna-Döbling stands out in particular and is listed as the most expensive house in the region at 7 million euros. The largest deal was an apartment building in Vienna-Simmering, which changed hands for an impressive 49 million euros. These amounts show that high sums are still being paid for real estate in Vienna, while Graz-Stadt had the most transactions with 586 sales, followed by Salzburg-Stadt with 327 sales and Vienna-Donaustadt with 281 sales. Relative to the number of inhabitants, the market in Eisenstadt-Stadt in Burgenland recorded the highest activity, while Rohrbach in Upper Austria completed the fewest transactions.
A major trend in recent years has been the stabilization of housing prices in Austria. In 2024, according to the real estate portal Engel & Völkers looking at market movements, which are primarily characterized by high demand. This year, a total of 6.4 billion euros were sold in the single- and two-family house segment and 8.4 billion euros for condominiums. A total of 43,300 objects were sold. Buyers are particularly interested in new construction projects and energy-efficiently renovated properties, with the residential construction rate in Vienna being the highest in Austria with 10.8 completed apartments per 1,000 inhabitants in 2022.
High price ranges and trends
But expensive real estate is not only available in Döbling. Further top prices were also achieved in Kitzbühel, where a single-family home was sold for 6.1 million euros and another in Aurach near Kitzbühel for 5.9 million euros. These amounts are an indication that other regions are also fighting for buyers, while in Vienna-Währing the most expensive apartment goes beyond the price range at 4.25 million euros. More and more buyers are choosing condominiums over single-family homes, such as the LBS market analysis clarified.
The real estate market shows a strong price gap between the top regions, including Salzburg, Vorarlberg, Tyrol and Vienna, where prices per square meter in Kitzbühel even exceed 10,000 euros. In a five-year comparison (2018-2023), most districts reported an average increase of 36%. While prices in central locations are rising, the demand for cheaper properties in less sought-after regions is receiving little attention.
Construction activity and cost pressure
There are also challenges in the context of current construction prices. Construction costs remain high due to rising energy prices and raw material costs. The construction cost index rose by 2.8% to 128.5 in May 2024. This impacts the options and decisions of buyers and investors. Concerns about inflation, which fell from 11.2% in January 2023 to 4.5% in January 2024, are also influencing market sentiment in the real estate sector.
Demand remains strong, and Vienna is also showing remarkable figures for new construction projects: in 2022, around 21,000 apartments were completed in the capital alone. In addition, the discussion about energy efficiency when purchasing real estate is becoming increasingly important. Buyers are increasingly paying attention to the energy efficiency of new and renovated housing, which will have a major impact on the market landscape.
In summary, the real estate market in Austria, especially in the city of Vienna, is dynamic and with a lot of movement. A look at price developments and purchasing behavior suggests that many exciting developments can be expected in the future.