Buying property in the federal state of Salzburg

The federal state of Salzburg has a high investment attractiveness, due to the moderate alpine climate, highly developed infrastructure of urban resorts and its stable growth in demand for real estate.

First-class ski resorts attract a large number of tourists to Salzburg every year, and due to the well-developed tourism sector, renting out real estate is the main source of income for owners of apartments and houses. Moreover, the gradual increase in prices for property ensures a steady increase in demand for rented real estate. Because of the high cost per square meter, those wishing to settle in Salzburg are more likely to pay attention to more affordable rental housing.

The population growth is another advantage of purchasing real estate in Salzburg as the level of internal migration here is one of the most stable in the country.

According to research, every year the number of people living on federal land rises by an average of 4,000. An increase of 5.1% in population is projected by 2025. This factor supports a high demand for both owned and rented housing.

The pace of construction in Salzburg is not generally high due to the geographical location of the region.

The shortage of supply in the real estate market is compensated by an increase in the cost of housing. For example, single-family homes have risen in price by almost 90% over the past decade. According to property experts, the purchase of a residential building for its subsequent sale in the future will bring the owners a solid profit.

Note: Read this article to learn all about the process of buying property in Austria.

Several other reasons for the benefits of investing in local real estate are the low crime rates and the high standard of living, which will maintain consistently high prices for residential and commercial properties.