Record prices: 7 million euros for a house in Vienna-Döbling!

Record prices: 7 million euros for a house in Vienna-Döbling!

A single-family home in Vienna-Döbling recently caused a stir with a sales price of 7 million euros. This makes it not only the most expensive single-family home sale in the first quarter of 2025 in Austria, but also a clear sign of the current market development in the domestic real estate landscape. Vienna and Tyrol stand out because property prices here are at a level that is only affordable for an exclusive group of buyers 5 mins reported.

The popular Kitzbühel region has also seen outstanding sales recently. Another single-family home changed hands for 6.1 million euros, while a house in Aurach near Kitzbühel was sold for 5.9 million euros. The most expensive apartment in Vienna-Währing fetched an impressive 4.25 million euros, while another in Kitzbühel sold for 3.6 million euros and a top floor apartment in Döbling sold for 3.5 million euros. These exorbitant prices show that exclusive properties are still very popular.

Real estate market on the rise

What is a typical development in the real estate purchasing landscape? Most transactions recently took place in Graz-Stadt, where 586 purchases were recorded, followed by Salzburg-Stadt with 327 and Donaustadt in Vienna with 281 sales. At the regional level, it can be seen that Eisenstadt is ahead when it comes to purchases, relative to the number of inhabitants. In contrast, Rohrbach in Upper Austria has the fewest bookings. And the biggest property deals? An impressive property with 242,000 square meters in Hüttenberg, Carinthia stands out here, followed by another in Niederfellabrunn with 204,000 square meters and a third in Fieberbrunn, Tyrol, with 158,000 square meters.

However, the high sales figures are not only limited to private single-family homes and apartments. The commercial sector is also setting records: an apartment building in Vienna-Simmering reached an incredible 49 million euros, and another in the same district changed hands for 39 million euros, as well The press reported.

Stability despite challenges

Overall, the real estate market in Austria is diverse, with stable price developments despite challenges caused by interest rate dynamics. In 2024, 6.4 billion euros were again spent on single- and two-family homes, while condominiums reached a volume of 8.4 billion euros. A total of over 43,300 objects were sold. Some districts such as Kitzbühel are showing a strong increase in prices per square meter, which are now over 10,000 euros there. Also loud Engel & Völkers The demand for residential properties such as Vienna, Salzburg, Graz and Innsbruck remains unbroken.

In summary, it can be said that although property prices remain stable, demand remains unbroken. It is crucial for prospective buyers to have a good hand in choosing and to find out about developments on the market in a timely manner. The uncertainties in the construction industry and the expensive construction and raw material prices are currently leading to a decline in construction activity, which will keep the situation on the housing market exciting.