Residential property prices at dizzying heights, major projects sold out before construction begins, and rising residential rents due to indexation and the market situation reflect the current situation on the real estate market in Innsbruck and other good locations in Tyrol.
The lasting value of land in good locations, whether with or without residential development, is currently attracting numerous buyers to Innsbruck and other good locations in Tyrol, and has done so in general since the financial crisis. Rightly so, even if the further development of the market is not yet foreseeable, the value of a property is not solely determined by the material value of the land and building, but essentially also by supply and demand. For the above-mentioned reasons, the market for flats, houses and building plots in Innsbruck is currently a seller's market. There is often even talk of concrete gold, but all that glitters is not always gold. Just as little as every prospective buyer is ultimately suitable as a buyer. Comprehensive advice is necessary for all parties involved on the seller's and buyer's side in a property transaction. On the other hand, the time to sell one's property at this price peak is better than ever before - figuratively speaking, to liquefy the concrete gold now and reap profits from any increases in the market value. Especially compact units, such as 2-room flats and garçonnières in Innsbruck city are in demand as rarely before. Larger units such as 3- and 4-room flats, terraced houses and detached houses are also in great demand in Innsbruck-Land and other good locations in Tyrol. Building plots in good locations are intensively sought after by risk-averse investors and project developers who think in terms of long-term but narrow returns. Just like buying, however, selling should not be done at any price, neither too low nor too high, and not to every prospective buyer. As a property seller, after many years you often do not want to pass on your favourite piece of property, with which you are still emotionally attached, to just anyone. Also, for purely rational and objective reasons, the partner in the purchase contract should be chosen carefully , since it is usually - at least for non-entrepreneurs - the largest financial transaction of one's life.
Hence my real estate tip to you:
Turn to a prudent, experienced, professional and expert real estate agent as a transaction companion who knows about all eventualities, is aware of side noises and pitfalls of this business and qualifies the right buyers to suitable properties - even in such a tense real estate market as it currently presents itself in Tyrol.
Photo: © H_K-stock.adobe.com
My name is Bernhard Großruck. I work as a real estate agent and appraiser in Innsbruck and would like to give you helpful tips about real estate in this blog.