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The best part about the rising Austria real estate market is that the prices have risen all across the country and not just in the capital. One of the best performances has been seen in the first quarter and even the second quarter of 2010 looks quite promising.

From the previous quarter of 2009 Alvin Kamara Shirt , the Q1, 2010 has seen a surge of 6.1% according to the data that has been released by National Bank of Austria. Vienna, the capital city of Austria has seen a major surge in increased prices of the Austria real estate for sale (8.7%). The disparity between the increased rates are mainly due to the fact that almost 70% of the residential property that is available in Vienna are purchased and owned by institutional investors or even banks and many companies. Vienna is not only a cultural hotspot of Europe, but is also one of the major financial and banking capitals in Europe.

Since there is a huge presence of banking and insurance professionals and also multinational companies that operate from the country Drew Brees Shirt , there is a huge demand for Austria real estate. More and more buildings and other dwellings are now been converted in villas, condos and other units of Austria real estate for sale.

For Vienna, the average Austria real estate for sale price for dwellings (owner occupied) especially in the city centre Innere Stadt is 6,520 Euros per square meter. The Austria real estate is also in a better shape Chauncey Gardner-Johnson Shirt , since the economy was stronger than the rest of the European countries. The recession in Austria ended with the 3rd quarter last year and since then has been on the upswing. The Austria real estate listings have also reflected this change.

Signs that people are getting aggressive in the Austria real estate can be seen as the mortgage market has improved. Outstanding home loans are also surging and in April this year, they were valued at 73.74 billion euros.

One of the reasons, why the real estate in Austria has improved is due to the fact that, it has one of the lowest unemployment rates in Europe and stands at 4.9%. Netherlands has the lowest unemployment rates.

The Austria rentals have very low rentals as most institutional investors like to purchase the Austria real estate that is available for sale rather than rent it out. In comparison to international rentals or even the rental yields that are available in the rest of Europe Erik McCoy Shirt , city centre in Vienna will only get about 1%. Though in Vienna, the rentals in other parts of the city are a modest 2% – 4%. The rest of the country doesn’t fare better either.

Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Austria real estate listings and Austria real estate exchange. Austria real estate owners, agents, and developers are encouraged to create an account Rick Leonard Jersey , upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months Tre'Quan Smith Jersey , free.

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