Vienna's property prices escalate!
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House prices in Austria are continuing to rise rapidly, fuelled by strong economic growth and declining mortgage interest rates.
The residential real estate price index for Vienna rose by 9.52% (6.45% in real terms) y-o-y to Q1 2011, according to the National Bank of Austria (OeNB). On a quarterly basis, house prices in Vienna are up by 2.53%.
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