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Strong price increases for residential real estate in the Corona year 2020

In the second and third quarters of 2020, there were extraordinarily strong price increases for Austrian residential real estate. The fourth quarter went one better: after 5.2 (1st quarter) and 9.5 percent (2nd quarter), single-family houses and condominiums rose by exactly 10.0 percent between October and December 2020. This comes from the current residential property price index of the Oesterreichische Nationalbank (OeNB).

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