Austria’s property market slowing sharply
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Austria’s property market is now slowing sharply, amidst meagre economic growth. The residential property price index in Austria increased modestly by 2.4% (0.7% in real terms) during the year to end-Q3 2014, based on Oesterreichische Nationalbank (OeNB)’s figures. In a quarterly basis, property prices dropped 1.2% (-1% in real terms) in Q3 2014.
This overall slowdown in the housing market is reflected in almost all parts of the country.
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