The average price paid for residential property in Austria rose in 2025, compared to the previous year, although it remains below the record high set in 2022, new data from Statistics Austria has revealed.
The average price per square metre of living space reached €4,162 for apartments and €2,836 for houses in 2025, while the average price of buildable land rose to €135 per square metre.
“Following the fall in housing prices across most regions of Austria in 2023, average prices for houses and flats rose again in 2024 and 2025 compared with the previous year,” commented Statistics Austria director general Manuela Lenk. “However, they remain below the record levels seen in 2022.
“The price per square metre of living space in a house was on average around €60 lower in 2025 than in 2022. For flats, the price was around €200 lower than in 2022. By contrast, prices for buildable land rose significantly, reaching a peak in several federal provinces in 2025.”
Most expensive
The capital, Vienna, remained Austria’s most expensive housing market, with houses averaging €5,376 per square metre, ahead of Vorarlberg (€5,077), Tyrol (€4,828) and Salzburg (€4,766).
Apartments in Vienna averaged €5,212 per square metre, with Vorarlberg, Salzburg and Tyrol also recording prices close to or above €5,000 per square metre.
At the other end of the market, Burgenland recorded the lowest average prices for both houses (€1,889 per square metre) and apartments (€1,859 per square metre), while Styria and Carinthia also remained below the national average.
‘Calculated per square metre, apartments are more expensive than houses, as they are often located in higher-demand areas such as city and town centres,” Statistics Austria noted, ‘In addition, the price difference is also due to the age of the properties: houses are often purchased as existing properties, while many apartments are bought as new builds.’
Land prices
Land prices continued to vary sharply by region, with winter sports resorts and metropolitan areas recording the highest values. Reith bei Kitzbühel remained Austria’s most expensive municipality for buildable land, with a five-year average price of €2,742 per square metre, followed by Kitzbühel (€2,617) and Lech (€2,108).
Vienna’s districts of Währing (€2,181 per square metre) and Döbling (€1,756 per square metre) also ranked among the country’s most expensive locations for buildable land, while more affordable prices were found in larger outer districts of the capital.
In contrast, peripheral regions in northern Lower Austria and southern Burgenland remained the cheapest areas for building land. Prices averaged €26 per square metre in the district of Zwettl and €21 in Jennersdorf. Read more here.
