Property prices ‘will continue to rise’

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Business

A real estate manager has said he expects Viennese property prices to climb further. Johannes Meran, who heads the administration board of Vienna-based property developer Conwert Immobilien Invest AG (Conwert), told the Kurier newspaper today (Mon): “I think the price for owner-occupied apartments in Vienna will continue to rise. Increases of five to 10 per […]

AK furious as rents shoot up

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Business

The Labour Chamber (AK) has criticised real estate managers over sharp price hikes. The organisation said yesterday (Weds) that rents for flats rose by 34.5 per cent on average between 2001 and 2010 while the inflation climbed by just 21 per cent at the same time. AK officials called on property dealers to stop charging […]