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Real estate in Vorarlberg
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Find your commission-free property in Vorarlberg
Vorarlberg is a small but very popular federal state. Real estate in Vorarlberg is correspondingly expensive. The real estate market is difficult, but thanks to the high quality of life, many people still enjoy living in Austria's westernmost province. Subsidies are also intended to ensure that locals can continue to afford real estate in Vorarlberg.
Living in Vorarlberg
The state of Vorarlberg is divided into four districts:
- Bregenz
- Dornbirn
- Feldkirch
- Bludenz
Bregenz is the state capital, but the district of Bludenz is the largest in terms of area. Vorarlberg borders Germany, Switzerland, Liechtenstein and, of course, Tyrol.
The cultural offerings in Bregenz are extremely popular, with the Bregenz Festival being particularly noteworthy. Winter sports enthusiasts and all those who enjoy hiking and mountaineering will also get their money's worth in Vorarlberg.
No matter which leisure activity is preferred, Vorarlberg always provides a fantastic backdrop. The landscape is alpine in character, with vast forests and high mountain peaks. Agriculture and tourism are important economic factors, but many people from Vorarlberg also commute to Switzerland to work there - with a correspondingly higher salary than in Austria.
Real estate market in Vorarlberg
There are multi-storey residential buildings in the district capitals and in the provincial capital. Otherwise, the most common form of construction in Vorarlberg is the single-family house. There is also a good stock of large farms, some of them old, which offer plenty of space.
However, the real estate market in Vorarlberg is difficult. This is because there are comparatively few properties on the market, while demand is constantly high. The area that can be built on is limited by the topography of the province alone. This limited availability of land is driving up property prices even further.
As a result, the price gap between rural and urban areas is smaller in Vorarlberg than in other federal states. High prices per square meter are also demanded in smaller municipalities. Overall, the real estate market in Vorarlberg has been tight for years.
Timber construction and architecture in Vorarlberg
Vorarlberg is exceptionally well known for its innovative architecture. Timber construction companies from Vorarlberg in particular are responsible for top-class new buildings that are known beyond the state's borders.
Anyone building a new home or remodeling an existing property in Vorarlberg can achieve truly top results with regional architects and renowned timber construction companies.
Affordable living in Vorarlberg
Due to the high real estate prices in Vorarlberg, the state and municipalities are striving to create affordable living space.
In addition to nationwide subsidies (e.g. housing subsidies), there are also affordable municipal apartments. An application to the respective municipality is required for these. Some cooperatives are also active in Vorarlberg. Cooperative apartments require a cooperative or financial contribution. In return, the ongoing rent is somewhat lower and in some cases there is a right to purchase cooperative apartments.
The state of Vorarlberg believes that it offers one of the best housing subsidies in the whole of Austria. The available subsidized loan is exceptional (note: check personal requirements for eligibility!). This subsidized loan starts with an interest rate of just 0.25 percent per year. The interest rate then rises to a maximum of 1.5 percent per year. This measure should make it easier for people to build or purchase their own home in Vorarlberg despite the high land and building costs. In the interests of social justice, tenants are also supported. This is where the housing subsidy comes into play, which is calculated according to rent and income.
Real estate prices in Vorarlberg
Property prices in Vorarlberg are very high. Whether renting or buying, housing costs are a major financial burden for many people in Vorarlberg. According to statistics from the Chamber of Labor (Link: https://vbg.arbeiterkammer.at/interessenvertretung/soziales/wohnen/index.html), over a third of people in Vorarlberg have to spend more than 40 percent of their income on housing costs.
It does not really matter where a property is located, as the price level is quite uniform. Bargains are a real rarity.
Purchase prices in Vorarlberg
The average purchase price for houses and apartments in Vorarlberg is over 6,000 euros per square meter. Second-hand houses are sometimes sold from around 4,000 euros per square meter. Cheaper properties are typically in need of renovation. Most purchase prices are between 5,000 and 7,000 euros per square meter, which means that a new 3-room apartment with a terrace can easily command half a million euros.
Rental prices in Vorarlberg
In line with the high land and property purchase prices, rents are also very high. The average rent per square meter is over 16 euros. This is a figure that tops even many districts in Vienna. Apartments in city center locations are particularly expensive. Somewhat cheaper rental properties can be found in more remote communities, but even here the prices are quite high.
It is almost impossible to find rent below 12 euros per square meter. High-quality new builds sometimes even command 20 euros per square meter.
Finding a commission-free property in Vorarlberg
Unfortunately, it is difficult to find a property in Vorarlberg. It can take a long time for the ideal property to come onto the market, especially if you are looking in a specific location and there is little flexibility. When the time comes, action must be taken quickly, as many houses, apartments and plots of land are snapped up very quickly.
If a detached house is to be built, a suitable plot of land must first be found. Building land is also rare and expensive in Vorarlberg. Here too, the market must be constantly monitored in order to be successful.
Especially with properties in Vorarlberg, where prices are already so high, every opportunity to save money is worthwhile. Many people are therefore explicitly looking for a commission-free property in order to save at least the gross 3.6% estate agent's commission, calculated on the purchase price of the property. All properties advertised with us are commission-free - so you can potentially save thousands of euros.
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Properties for Sale in Vorarlberg
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