Author Topic: need some advice from our Austrian Mustachians - Innsbruck  (Read 1504 times)

laufen

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I'm thinking of moving from an international org in Vienna to a private firm in Innsbruck but worried about the real estate market.

My employment contract is up within the next year and I will either move my family back the the US or accept a position at a private company in Innsbruck. Our 2 small kids were born here in Austria and we'd like them to grow up here if possible. They go to public schools. And frankly, it's just a very nice place to live...and possibly retire...?

We currently pay Euro 1500/month rent in Vienna for a 100 sq m flat with underground parking and a balcony. Online listings for Innsbruck rentals make it look even more expensive than Vienna. I know space is at a premium there, but is it really as tight as it seems? Am I missing something? Is it better to just buy than rent?

Matthias

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Re: need some advice from our Austrian Mustachians - Innsbruck
« Reply #1 on: May 09, 2016, 11:42:01 AM »
Though I am not from Innsbruck, real estate wise it is probably the most expensive city after Vienna and Salzburg (depending on the area, especially in Vienna, and if it is an Altbau or not and if you leave out places like Kitzbühel). Not a lot of space, lots of students (especially after the universities opened for other EU citizens, especially Germans), and all in all a really nice place to live.

I guess you already know the popular web pages like www.willhaben.at.
The city of Innsbruck also has an overview of prices on https://www.innsbruck.gv.at/page.cfm?vpath=verwaltung/statistiken--zahlen/preise--preisindizes (it does not say though if Betriebskosten are included) and also Der Standard on http://derstandard.at/Immopreise/Tirol/Wohnung (targeting the upper third of the market mostly, Betriebskosten and VAT included). Keep in mind though that online listings normally already include the Betriebskosten (running costs?) and VAT.

Comparing it to Vienna (http://derstandard.at/Immopreise/Wien/Wohnung/Miete/Neubau), prices seem to be similar.

Looking forward for some feedback from a local guy though ;).

For me, EUR 1,500 in Vienna for your flat seems quite reasonable if it is in a "good" area and running costs and the like is included. Here in Graz you also pay around EUR 1,300 for a newer building in a "nice" area (for buildings from the 60s/70s a bit less but not much, as Betriebskosten are higher). Even for an Altbau it is around EUR 1,000 - without parking. Investment wise buying gets you around 4% here, with prices having sky rocketed because of the crisis in the last years (cheap loans, people with money afraid to put money in anything but real estate, now it is stabilizing a bit). And prices do not change too much in the smaller cities and the different areas.

laufen

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Re: need some advice from our Austrian Mustachians - Innsbruck
« Reply #2 on: May 11, 2016, 03:22:51 AM »
Thanks for the response! Yes, we have quite reasonable rent, which is why we haven't moved in years despite some big drawbacks to the flat interior itself.

Willhaben is the greatest- I've sold so much stuff on there and bought some bargains as well.