Buying an apartment in Graz

Graz Condominium: Living in the Styrian Capital

The green region of Styria and the Graz metropolitan area are becoming increasingly popular destinations for apartment buyers. Municipal population statistics show that Graz's population has grown by almost a third since the turn of the millennium. This charming yet cosmopolitan city now has over 290,000 inhabitants - and for good reason.

Graz offers a diverse range of housing options, from magnificent apartments in historic buildings to high-quality new construction, penthouses, and practical student and single apartments. The Graz region and Styria provide an idyllic living environment with touches of Mediterranean atmosphere.

The state capital in southern Austria is also a flourishing business center with excellent transport connections and a popular destination for tourists worldwide. The city center houses countless shopping facilities, museums and cultural institutions. Internationally renowned Styrian companies not only secure employment opportunities but also enhance Graz's appeal as a place to live and work. The technology group Andritz AG, specializing in mechanical and plant engineering, and AVL List GmbH, the world's largest independent company for developing, simulating and testing automotive drive systems, are just two of countless successful Styrian enterprises. Additionally, the prestigious Karl Franzens University of Graz and various universities of applied sciences attract scientists and students from across Europe and beyond to this "green heart of Austria." As a result, suitable buyers and tenants for owner-occupied or investment apartments in Graz can typically be found quickly.

Buying an Apartment in Graz: The Housing Market

The housing market in Styria, Graz and the surrounding area continues to operate at a very good level. New residential projects will have a positive impact on the market, particularly in and around Graz. This is also reflected in the mood of Styrian residents: Over 90% enjoy living in their respective districts. The most popular districts in Graz include Innere Stadt, St. Leonhard, Mariatrost, St. Peter and Geidorf. But there is also significant development on the other side of the Mur: the district of Lend as an up-and-coming artists' quarter and the surrounding districts, where excellent new construction projects are being realized, are enjoying great popularity.

In contrast to Salzburg and Vienna, purchase prices for apartments in Graz have remained relatively stable. In mid-2020, the average purchase price of a condominium in Graz was between €3,467.38 and €3,636.00 per square meter, depending on the area. Although this is above the Styrian average, it is still below the Austrian average.

As mentioned, the purchase prices for apartments in and around Graz are therefore relatively moderate compared to other provincial capitals. In individual cases, older residential properties are even available at significantly more affordable prices per square meter starting at around €3,000.

The Districts of Graz - A Brief Overview

Innere Stadt

In the Innere Stadt district, the area around Graz's Schlossberg and Herrengasse may not offer any additional building land, but there are still some beautiful old buildings and attic apartments for sale here. When buying an apartment in Graz Innere Stadt, however, you should expect an average purchase price of around €5,500 per square meter.

St. Leonhard

Buying an apartment in Graz St. Leonhard, the second district of Graz, is a little cheaper. This area offers living space for students around the University of Art and Design and the Karl-Franzens University. Towards Graz LKH, St. Leonhard attracts families and couples seeking peace and quiet with its green recreational areas. In general, the solidarity between young and old that has been built up over decades makes St. Leonhard a district with a high quality of life.

Eggenberg

The Eggenberg district offers more affordable apartments for sale in Graz: here, condominiums are available from a purchase price of just €2,200 per m². Advantages in this district include good transport connections on the one hand and proximity to nature, great excursion destinations and educational institutions such as the Joanneum University of Applied Sciences or the BBRZ vocational training and rehabilitation center on the other.

Outskirts of Graz

Affordable living is a priority: with prices per square meter starting at €100, affordable building land is available in the outskirts of Graz. In Eggenberg as well as in other suburbs such as Gösting, Liebenau or Puntigam, some exciting building projects are being realized and offer even more affordable living space for Graz residents.

St. Peter, Mariatrost and Andritz

These districts are still particularly popular with buyers. The residential clientele in these districts is very well mixed and includes all income levels and age groups. As the transport infrastructure in Graz is extremely well developed, these districts are also optimally connected to the city and surrounding districts. Especially when it comes to buying a house in Graz and the surrounding area, the green and popular St. Peter scores highly with its unique charm.

The beautiful Mariatrost on the outskirts of Graz impresses with its somewhat more rural, natural residential areas: Those seeking peace and quiet enjoy like-minded company here.

The Andritz district undoubtedly deserves the title of "village in the city," as people still know each other personally here. The main square of the beautiful district in the "village center" acts as a hub for young and old.

Engel & Völkers: Your Partner for Buying a Home in Graz

Are you looking for a house or apartment in Graz and the surrounding area? Or do you own a condominium in Graz that you want to sell? Are you interested in real estate in southern Styria or would you like to find out more about selling a house or apartment in Graz?

The experienced real estate agents at Engel & Völkers support buyers and sellers directly on site with all aspects of buying a home in Graz. Whether you are selling a residential property or buying an affordable condominium in Graz, we will be happy to advise you and offer you a comprehensive range of first-class residential properties.

Contact us at any time by e-mail or by telephone during our business hours.