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Raiffeisen Immobilien Austria has secured its position as the largest real estate agent association in the country for the tenth consecutive year, achieving a fee turnover of 35.3 million euros in 2024. The organization brokered over four million square meters of land, marking a significant increase from the previous year, and excelled in various asset classes, including commercial and residential properties. Their success is attributed to a strong focus on service quality, expanded offerings beyond traditional brokerage, and collaboration with Raiffeisen banks.
Lower Austria's real estate market is showing signs of recovery, with rising demand for residential properties and a slight increase in financing volumes. While prices for single-family homes have decreased by 5.8% since mid-2022, affordability remains favorable compared to other regions, particularly in districts surrounding Vienna. The market is expected to stabilize and potentially see price increases by 2025, driven by lower interest rates and higher incomes.
Raiffeisen Immobilien Group reported a 13% increase in fee income to 35 million euros in 2024, handling around 7,300 transactions worth over 567 million euros. The market shows a split, with rising demand for affordable and high-end properties, while second-hand properties have become cheaper, positively impacting demand. Looking ahead, potential interest rate cuts and improved purchasing power are seen as positive signs for 2025.
Peter Weinberger
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Raiffeisen Immobilien maintains top position in Austrian real estate market
07:30 19.05.2025
lower austria real estate market shows signs of recovery and growth
Euro
Raiffeisenlandesbank Niederösterreich- Wien AG
AUT
Martin Hauer
Gunter Deuber
Peter Weinberger
Matthias Reith
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09:00 30.04.2025
Raiffeisen Immobilien reports 13 percent increase in sales amid market challenges
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