Data Analysis – Sharply Rising Rents in Vienna
News | 20.02.2025
Our research team has analyzed several thousand new rental agreements in Vienna over the past 10 years. Only real data directly sourced from rental contracts was used for this analysis.
The 2024 analysis shows a significant increase in prices on Vienna’s rental housing market. The key factor driving this increase was the balance between the supply of available rental apartments and demand.
“Not only the steady influx of new residents but also the significantly declining demand for owner-occupied apartments—due in no small part to stricter lending conditions—were decisive factors in the increased demand for rental apartments,” reports Maximilian Kainz, head of the valuation department.
Many prospective tenants who were previously interested in purchasing property are now also turning to the rental market.
In absolute figures, this means that for apartments up to 60 square meters of usable living space, the average monthly base rent is €13.39 per square meter, while for apartments over 60 square meters, the average is €11.92 per square meter.
“Rents for apartments have thus risen by more than 13 percent, significantly outpacing inflation, which stood at 1.9 percent as of November 2024, according to Statistics Austria,” summarizes Alexander Scheuch, CEO of the real estate agency.
“Falling interest rates and the expiration of the KIM regulation on June 30, 2025, will certainly provide incentives for property purchases. However, we do not expect a new boom just yet, as the overall challenging economic environment remains largely unchanged,” Scheuch adds.
