Vienna Investment Shift
Demand for residential property in Vienna is rising as buyers pivot from crisis fatigue to long-term asset building, diepresse.com reported.
“It seems that we have grown accustomed to the crises, learning to deal with the feeling of uncertainty,” Roland Pichler of Die Wohnkompanie GmbH told diepresse.com. “Life should go on, and it should go on as well as possible.”
Rising Gen Z Interest
Christiane Flehberger of RLB NÖ-Wien told diepresse.com that Generation Z members born from 1995 onward increasingly seek stability through real estate.
A new real estate study titled “20 Jahre Vorsorgewohnung” surveyed 1,000 adults aged 20 to 75. The findings show that 62,6 percent of respondents can imagine investing in residential property in the future, including every second member of Gen Z, according to diepresse.com.
Investment Property Criteria
Purchase price ranks as the primary selection criterion for 73,7 percent of respondents, diepresse.com reported. Property condition follows at 66,9 percent, with location trailing at 61,8 percent.
Energy efficiency plays a minor role, cited by just 38 percent of participants. Meanwhile, 46,2 percent of respondents cite missing equity capital as a barrier, and 46,1 percent point to high property prices.
Buyers should consider long-term goals and depreciation rules
Sebastian Unger of BIP Immobilien told diepresse.com that buyers must think in decades rather than years. “An investment apartment is not a quick deal, but a foundation,” Unger said.
Tax advisor Kerstin Koppensteiner of TPA Österreich told diepresse.com that buyers frequently misunderstand accelerated depreciation rules. “A frequent misconception is that every newly purchased apartment is automatically favored,” Koppensteiner said, noting that buildings must meet specific completion dates and standards like the Bronze rating.
What respondents want regarding investment and depreciation
What share of respondents want to buy solely for investment?
Roughly 32,7 percent of survey respondents want to buy property strictly for investment purposes, according to diepresse.com.
How do investment intentions differ by gender?
Men name pure money investment as a goal much more often at 38,9 percent, compared to 25,2 percent of women, diepresse.com reported.
What completion standard qualifies a building for extended depreciation?
New residential buildings completed between December 31, 2023, and January 1, 2027, that achieve the Bronze building standard may qualify for extended accelerated depreciation, according to tax data reported by diepresse.com.
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