House prices soar outside the Austrian capital, but Vienna slows
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Austrian housing prices continue to rise, as economic growth accelerates further. In Q3 2016, the residential property price index in Austria was up by 7.2% (6.43% in real terms) y-o-y, based on figures from the Oesterreichische Nationalbank (OeNB). In a quarterly basis, property prices fell by 0.9% (-0.8% in real terms) in Q3 2016.
Statistics Austria confirms this general picture, reporting that the overall house price index rose by 5.2% (4.5% in real terms) during the year to Q3 2016, following price rises of 9% y-o-y in Q2 and 13.4% y-o-y in Q1 2016.
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