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Real Estate

front of a building © photocase.com/kipfal

© photocase.com/kipfal

An important consideration for foreign investors - apart from the economic climate - is location cost. Austria scores highly here: as an attractive real estate market.

Vienna - a favorably priced office location

According to a study carried out by the international commercial real estate services provider CB Richard Ellis , Vienna ranks among the least expensive locations in an international comparison of 120 cities across the globe. On the basis of office rental costs, Vienna is more reasonably priced than Prague, Warsaw, Berlin, Amsterdam, Zurich or Paris.

The annual, all-inclusive rental price for an office in Vienna which is attractively placed to do business is EUR 366 per square meter. For this reason, Vienna has emerged as one of the most stably priced office locations in Europe in recent years.

Globally, Hong Kong, London and New York are the most expensive office markets in the world.

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