Tax & Spend
Austrian Home Prices Slump for Second Quarter With More to Come
- Residential property prices have fallen 2.3% since late 2022
- Raiffeisen Bank analysts predict 10% total decline by 2024
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Austrian home prices fell for the second consecutive quarter as families struggle with inflation and higher financing costs.
Housing prices dropped 0.4% in the first quarter after a 1.9% drop in the last three months of 2022, according to data published by the Austrian National Bank.