Contrary to many other property markets in Europe, Austria has proven to be resistant to global recessions so far and is seen as one of the most stable and steadily developing property markets worldwide.
The Austrian capital of Vienna is one of the most liveable cities in the world. With its excellent public transport network, rich culture and relatively low cost of living, the city’s continuous growth doesn’t come as a surprise. By 2033 Vienna is expected to be the home of more than 2 million inhabitants. But more people means higher housing and rent prices.
The Austrian property market has been increasing ever since the dip in 2004, with Vienna showing the most significant increase. The upward trend has continued for more than 15 years. This makes many people looking into moving to Austria’s capital wonder if prices are bound to increase further in the coming years.
Taking the city’s future growth of inhabitants into account, local real estate developers and investors are very confident about the market’s potential. Prices are expected to continue their climb in the whole of Austria, but especially in Vienna.
PARTNERSHIPOur Partners in Austria
WK Development GmbH is one of the fastest growing real estate development companies in Central Europe based in downtown Vienna. The management holding company, founded by the two CEOs Christian Schachinger and Maxim Zhiganov, is active in the acquisition, development and sale of exclusive residential properties. The company’s focus is on residential and mixed construction in the greater Vienna area and Eastern Europe.
In every single real estate project there is a maximum of experience, competence, quality, creativity and energy. In the past six years alone, WK Development has managed more than 150,000m2 of new living space in attractive city locations realize.
The company has a professional and dedicated team consisting of specialists who make it possible to cover the entire residential property value chain