Renting and buying
Price situation for rented / owner-occupied properties
The Tyrol, and especially Innsbruck – with the districts of Innsbruck City and Innsbruck Land – and Kitzbühel are among the most expensive residential areas in Austria. There are several reasons for this: the high level of demand due to the excellent quality of life and investment security in the region, the limited availability of land for housing development due to the topography of the Tyrol, which hampers expansion not only in Innsbruck, and also the extremely large number of students in Innsbruck (almost a quarter of the city’s total population).
The rental price in Innsbruck City is currently about 18 euros per square meter on average.
Smaller apartments are usually more expensive per square meter than larger apartments. The main factors in rent calculations include the location and condition of the apartment (categories). Further details on the rental prices in Innsbruck can be found for example on the website Portal Immopreise published by the daily newspaper Der Standard or in the report “Immobilienmarktbericht - Wohnen & Wirtschaften in Innsbruck” (order from www.prochecked.at).
Prices per square metre for properties in and around Innsbruck start at around € 4,000 for pre-owned real estate. At the top end of the scale, the sky is the limit, especially for new properties. A good overview of the individual districts of Innsbruck with annually updated housing prices is provided by the “Immobilienmarktbericht - Wohnen & Wirtschaften in Innsbruck” (order from www.prochecked.at).
Legal aspects of renting and buying
The acquisition of property in the Tyrol, like everywhere else, is a complex legal transaction and may also be subject to certain restrictions relating to the nationality of the buyer! If you are planning to purchase a property, you should definitely seek legal advice. A list of all lawyers in the Tyrol, indicating their areas of expertise and additional qualifications and languages spoken is available from the Tiroler Rechtsanwaltskammer (only in German). We would be pleased to help you obtain the legal advice you require (lawyer/notary public).
Austrian tenancy law is also a complicated and dynamic subject, which is more frequently subject to change than other areas of law. Here, too, it is advisable to seek legal advice in cases of doubt or lack of clarity. A list of all lawyers in the Tyrol, indicating their areas of expertise and additional qualifications and languages spoken is available from the Tiroler Rechtsanwaltskammer. The following organisations and associations also provide information and advice on tenancy law. In some cases advice is only provided for members, but a lot of information can be found on their websites: