By Matej Klenovský. Translation by Tomáš Buš Austria is in line with the current economic trend in Europe, according to several economic indicators made public in Austria on Friday. Analysis of the results of the indicators show that at the moment, there is a moderate decrease, almost stagnation, in the price levels. Meanwhile, industrial production […]
Tag: prices
Property price rise continues
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The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more. One of the reasons is that the shortage of available property is resulting in many appartements being renovated and also investment in attic […]
Hotels are more expensive in Innsbruck than in any other part of Austria according to a new study by the online booking portal hotel.info. The study also found that in general across the country Hotel prices have risen on the previous year by around 4.32%. In Innsbruck there are the highest prices as opposed to […]
Prices for public transport in Vienna have gone up as of today (July 1). The increase affects single journeys, weekly and monthly passes as well as some other types of transport tickets. Prices remain the same for owners of the yearly pass. The operator of the Viennese metros, trams, buses and local trains (Strassenbahn) Wiener […]
Vienna sees big rent prices increase
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Rental prices for office space in the Austrian capital of Vienna is some of the most expensive in Europe. Experts from property company EHL Immobilien also warn that the rental prices will continue to rise. In top locations such as Vienna’s first district location Kohlmarkt office space goes for 390 Euro per M2 per month. […]
Property prices keep climbing
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A real estate expert has expressed concerns about property prices in Austria. Thomas Malloth told the Kurier today (Thurs): “The question is whether the middle class will manage to afford it in the near future if things keep developing this way.” Malloth said annual statistics reveal that all kinds of properties – cheap flats in […]
Rising rents fuel inflation
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Prices climbed by more than two per cent last month. Statistik Austria said yesterday (Weds) the inflation rose by 2.3 per cent, meaning that the average price of predicts and services on offer in Austria climbed to this extent from April 2011 to the same month of this year. This is the lowest rise since […]
OMV boss predicts energy price jumps
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OMV AG chief Gerhard Roiss has claimed that psychological aspects often matter more regarding the price of oil than fundamental grounds. Roiss called the increase of car fuel prices a “delicate topic”. He said the price for mineral oil might rather drop in the future than rise further. But Roiss also stressed that he was […]
Prices spiral up less strongly
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Predictions that the Austrian inflation will decelerate this year appear to be correct. Products and services on offer in the country cost 2.4 per cent more last month than in March 2011. This increase followed a price jump of 2.6 per cent between February 2011 and February 2012. The annual inflation soared by 3.3 per […]
Car fuel prices rise further
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The price for petrol keeps increasing, new figures show. Motorists’ association ÖAMTC announced that one litre of diesel fuel cost 1.473 Euros on average yesterday (Tues). The organisation pointed out this was a significant increase compared to last Friday’s average price of 1.439 Euros per litre, let alone to prices 10 years ago. One litre […]