According to the latest rating of the company Knight Frank, Austria took 5 th place in Europe and 13th in the world in terms of growth in housing prices. In the IV quarter of 2009, the cost of residential facilities in the country rose by 5,2% relative to the same period of 2008. Portal Global Property Guide said that for the I quarter of 2010, the Austrian housing increased in price by 6,1% compared with the previous quarter.

Professionals Real Estate Market in Austria believe that the price increases on residential and resort facilities is a reflection of the high demand for them. In turn, interest in the estate of the country due to its economic and political stability, favorable living conditions and business.

Co-founder of the company Kuehhas Consulting Olga Kyuhhas notes that last summer saw an increase in the number of transactions. This has intensified not only large investors, traditionally considered the Austrian real estate investment attractive target, but buyers economy-class housing.

In particular, the Russians began to show more interest in an apartment in Vienna cost € 100-200 thousand of the elite facilities housing demand at resorts and villas in the prestigious districts of the Austrian capital, said Ms. Kyuhhas. She adds that buyers from Russia began to better understand the intricacies of real estate market. For example, if it is a permanent resident, the Russian chose not to settle in areas densely populated by immigrants from Turkey and countries of former Yugoslavia.

With a view to profit, Russian investors often invested in hotel facilities. There is a growing demand for gasoline systems, says Ms. Kyuhhas.

Managing Director of My New Home Immobilien Viktor Novikov also calls for hotels most popular investment tool in comparison with other real property, as they can get immediate profits. According to the expert, for the past three years the Russians demand for hotel facilities by the Russians grew up in a few times.

According to Mr. Novikov, the real estate market significantly increased interest in the land plot in the Tyrol and other resort areas, due to limited supply in this market segment. Usually developers are companies, not individuals.

Viktor Novikov said that after the crisis, Russian buyers have adopted a waiting attitude. However, since mid 2009, when they felt the stability of the Austrian real estate market, the number of transactions began to increase.