Property prices in Lower Austria vary significantly. There has been a considerable increase in demand for residential property in Vienna’s surrounding areas, while prices are more moderate in the state’s western regions. Mödling, Baden and Klosterneuburg are particularly popular, and prices have therefore risen significantly.

The property market in Austria’s largest federal state is experiencing positive development, with prices climbing quickly in Vienna’s surrounding areas in particular. The majority of transactions for detached and semi-detached houses have therefore been recorded in the districts of Tulln, Mödling and Baden. Families in particular are looking for properties with gardens in these areas, which, due to lower prices than in Vienna itself, are also of interest to a larger group of purchasers.

Thanks to its proximity to Vienna, Baden provides its residents with urban surroundings while still offering all the advantages of a small country town. Its quality of life is excellent and is a key driver of the strong demand for residential property. In addition to this, Baden has a large casino, which also attracts visitors to the town. Property prices in Baden are experiencing a significant increase.

High demand for housing throughout Vienna’s metropolitan region has resulted in significant growth in Klosterneuburg. There is a continuing trend for “living in a green environment” and this is one of the reasons why many buyers are focusing on the eastern area of the Vienna Woods region. In comparison to the capital, prices are still moderate, while all the amenities of a large city can be accessed quickly. In recent years investors and developers have also recognised Klosterneuburg’s potential.

In recent decades the entire district of Mödling has experienced strong growth and it will continue to attract many new residents in the coming years. Strong demand means that residential property prices have gone up significantly, with price levels among the highest in Vienna’s surrounding areas. Mödling benefits from its good transport connections to the capital and the airport.

“Vienna’s affluent suburbs in particular are experiencing change as a result of the corona pandemic. Demand for houses in green locations is higher than ever before, with families increasingly looking for properties with potential for constructing new buildings. In addition to this, as quality of life becomes a higher profile issue which people place more value on, buyers and tenants are increasingly prepared to spend more money on high-quality housing.”