Property prices continue to rise in Austria and yields are poor

Last Updated: Sept. 14, 2022
VIENNA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Donaustadt - District 22
Studio €301,411 €670 2.67%
1-Bedroom €315,000 €792 3.02%
2-Bedroom €409,001 €980 2.88%
3-Bedroom €678,450 €1,499 2.65%
Floridsdorf - District 21
Studio €234,000 €699 3.58%
1-Bedroom €334,001 €849 3.05%
2-Bedroom €414,772 €1,149 3.32%
3-Bedroom €550,001 €1,623 3.54%
Favoriten - District 10
Studio €202,789 €699 4.14%
1-Bedroom €275,000 €765 3.34%
2-Bedroom €440,000 €999 2.72%
3-Bedroom €545,000 €1,749 3.85%
Döbling - District 19
Studio €595,000 €628 1.27%
1-Bedroom €640,000 €929 1.74%
2-Bedroom €990,000 €1,279 1.55%
3-Bedroom €1,490,000 €1,965 1.58%
Währing - District 18
Studio €229,000 €619 3.24%
1-Bedroom €395,722 €865 2.62%
2-Bedroom €610,980 €1,150 2.26%
3-Bedroom €835,000 €1,574 2.26%
Penzing - District 14
Studio €202,813 €613 3.62%
1-Bedroom €289,900 €790 3.27%
2-Bedroom €429,900 €1,100 3.07%
3-Bedroom €860,069 €1,605 2.24%
Liesing - District 23
Studio €219,001 €598 3.28%
1-Bedroom €269,000 €849 3.79%
2-Bedroom €449,000 €1,149 3.07%
3-Bedroom €549,001 €1,399 3.06%
Landstraße - District 3
Studio €198,000 €650 3.94%
1-Bedroom €399,000 €911 2.74%
2-Bedroom €679,600 €1,546 2.73%
3-Bedroom €1,199,000 €2,345 2.35%
Vienna avg. rental yields 2.89%
GRAZ - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Graz (all locations)
Studio €144,267 €495 4.12%
1-Bedroom €201,000 €649 3.88%
2-Bedroom €299,000 €899 3.61%
3-Bedroom €398,385 €1,130 3.40%
Graz avg. rental yields 3.75%
SALZBURG - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Salzburg (all locations)
Studio €209,000 €744 4.27%
1-Bedroom €424,200 €1,042 2.95%
2-Bedroom €641,350 €1,359 2.54%
3-Bedroom €1,089,000 €1,680 1.84%
Salzburg avg. rental yields 2.90%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

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Property prices in Vienna continue to increase even after the pandemic. Therefore, you can expect that gross rental yields - the return on investment on a property before all expenses - are weak. But you can generate higher yields in less expensive districts. It all depends on where you buy.

Moderate yields can be generated in Floridsdorf, Penzing, Favoriten, Liesing, and Landstraße, where apartment prices are around EUR 5,000 to EUR 11,000 per square metre (sq. m.). Gross rental yields in these districts range from 2.5% to 4%.  

In Salzburg, approximately 200 miles apart from Vienna, apartment prices and rents tend to be pretty close to Viennese levels. Salzburg´s gross rental yields range from 1.84% to 4.27%.

More affordable apartments can be found in Graz. Gross rental yields in Graz are slightly better than in Salzburg - ranging from 3.40% to 4.12%.

Round trip transaction costs are high residential property in Austria. See our Residential transaction cost analysis for Austria.