Rustler relies on leadership quality – Multi-year process bears fruit
News | 10.04.2025
Net rents are significantly influenced by the supply of available apartments. This is the main reason why comparable apartments in Vienna are noticeably more expensive than, for example, in Graz. This has been confirmed by a real-data analysis conducted by our Rustler Valuation and Research Team.
“Based on our evaluation of thousands of actual transaction records, the average net rent in Vienna in 2024 amounts to €12.63 per square meter,” reports Maximilian Kainz, Head of the Valuation and Research Team. “In addition to brand-new apartments, we also included existing category A units, which are a major factor in the Viennese market.” Many rent overviews cited in the media, on the other hand, focus only on new-build apartments from developers, which leads to a distorted picture of the market.
“In contrast, the average rent across all apartment sizes and districts in Graz currently stands at around €9.26 per square meter of usable living space – nearly €3.40 less than in Vienna,” adds Alexander Scheuch, Managing Director of Rustler Immobilien.
The population of Graz continues to grow steadily. As a result, the provincial capital has seen a massive wave of new construction in recent years. Although this boom has now passed its peak, its effects remain largely unchanged. The resulting large supply of available apartments has played a key role in the moderate development of rental prices.
“An adequate supply clearly has a price-dampening effect and is certainly more effective than one-sided political measures or interventions,” summarize Kainz and Scheuch.
