Real Estate
Vienna Becomes Epicenter of Europe’s Housing Woes
Bloomberg’s housing tracker shows the Austrian capital is showing some of the steepest declines in Europe
Stricter mortgage rules and competition from a vast rental market are exacerbating Vienna’s housing slump.
Photographer: Nina Riggio/BloombergThis article is for subscribers only.
Vienna became the weakest housing market among major European capitals, posting a double-digit decline that surpassed even hard-hit Stockholm, according to the inaugural Bloomberg City Tracker.
The Austrian capital posted a drop of 12.2% from peak levels a year ago, while Stockholm was down 6.4%, according to data compiled by Bloomberg. By contrast, Madrid, Milan and Zurich showed gains.