Property Investment - Austria scores 7th in Global Real Estate Study

Despite present turmoil in global Real Estate markets Austria still is a promising place to invest into real estate. Property prices in Austria have in increased by 4.1% from 2008 as stated in a recent Knight Frank Global House Price Index report.

Recently published Knight Frank Global House Price Index Q1 2009 lists Austria as 7th most attractive location to invest into Real Estate.

Austrian properties have increased by 4.1% in value over the last year despite the present turmoil in the global financial and Real Estate markets. Israel scored number one with an increase of 10.9% year on year Q1 2009. Only Switzerland(5.6%) and the Czech Republic(9.9%) are are ahead of Austria in Europe. The highest falls in prices could be seen in Dubai (-40%) and Singapore (-16%). Knight Frank´s experts believe that the crisis will go on in 2010.

Therefore investors find a safe heaven for their in investments in countries like Austria with a politically stable environment and a continuous influx of first time buyers due to its role as global number one tourist destination. Portals like http://www.elitealps.com/, which is available in five languages, are a good starting point for foreign investors interested in Austrian Real Estate.

Source: http://www.knightfrank.com/press/Knight-Frank-Global-House-Price-Index-Q1-2009-030.aspx

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