Lower Austria apartment sales jump nearly 40% as market rebounds
Wednesday 7th October 2026 on 13:30 in
Austria
Apartment sales in Lower Austria rose 39.9% in the first half of 2026 compared with the same period a year earlier, while prices increased more moderately, ORF reported, citing a market analysis by real estate company REMAX.
A total of 2,999 apartments were sold in the state, according to the analysis, which is based on land registry records. Only Burgenland recorded a stronger percentage increase. Across Austria, registered apartment sales rose 25.3%.
The total value of Lower Austria’s sales climbed 41.7% to 673 million euros. REMAX said both the number of sales and their total value were the second-highest it had recorded for a first half-year in the state.
The average apartment price in Lower Austria was 213,112 euros, up 2.6% year on year. The district of Mödling had the highest average, at 269,721 euros, followed by the district of Tulln at 268,467 euros. The lowest average was in the district of Gmünd, at 86,911 euros.
A quarter of the apartments sold in the lower price range cost less than 53,000 euros. In Mödling, the threshold for the quarter of sales in the highest price range was 338,625 euros. REMAX calculated that this would be enough to buy more than six apartments in Gmünd at prices in the lower range.
New or completely renovated apartments accounted for 16.1% of sales in Lower Austria, the second-lowest share among the states. The national share was 23.4%, down from 26.1% in 2025. No newly built or completely renovated apartments were registered as sold in the districts of Gmünd, Horn, Waidhofen an der Thaya and Zwettl. The highest shares were in Tulln, at 24%, and St. Pölten-Land, at 21.5%.
REMAX Austria managing director Bernhard Reikersdorfer said a low share of new and renovated homes could leave the housing stock ageing as demographic factors drive demand. He warned that if supply does not keep pace, prices could rise again and affect rents. He called for incentives for renovation, more housing through denser development and suitable land conversions, faster approvals and less bureaucracy.
Across Austria, apartment prices rose 1.6% year on year, below inflation of 3.2%, according to REMAX. The company said this made homes cheaper in real terms for people whose incomes had risen with inflation. ORF noted that REMAX is a real estate brokerage and that the investment case depends on buyers being able to afford a purchase amid rising costs.