Located in the charming district of Pinzgau, Zell am See is one of the most popular holiday destinations in the whole of Austria. With its majestical panoramic scenery, this quaint mountain town is also considered to be one of the most attractive places to live in Salzburg. For this reason, the demand for both primary and secondary residential properties continues to increase in the idyllic town of Zell am See. As the offer is limited, this leads to pricing pressure on the property market. As a matter of fact, this delightful town in the region of Salzburg is one of the most sought-after and therefore most highly priced locations in Austria.
In this article, we let you know everything you need to know about rental and purchase prices on the property market in Zell am See. Moreover, you will receive up-to-date information about the most common types of property at present, current developments in the region, and much more.
It has been evident for many years that properties in Tyrol and the Salzburg Region rate highly with both tenants and buyers. Naturally, this is reflected in the property prices in the Alpine region. The Salzburg Region is therefore in the higher price segment when compared with other Austrian regions. Zell am See is no exception, although concrete purchase and rental prices for residential properties can vary considerably.
Mid 2020, rental prices in Zell am See averaged €11.12 per square metre, although the price per square metre in prime locations reached up to €18. As such, at this point in time the prices were below the Austrian average of €11.53 per square metre. In the Salzburg Region, this value is generally a little higher at €11.86, although this influenced by the high rental prices in the City of Salzburg.
Those wanting to buy a house in Zell am See should expect to spend more. With an average purchase price of €5,894.79 per square metre mid 2020, this town on Lake Zell was far above the state and country average. Prices for flats have increased massively over the past few years. For a flat with a living area of 30 square metres, the average price per square metre was €5,552.70. A living area of 60 square metres fetched €4,600.07 on average, and for 100 square metres the price per square metre was even €6,069.57 on average. Depending on the surface area, the price per square metre when buying a house in Zell am See ranged between €4,078.39 and €8,827.88.
This region is characterised by impressive variety. Engel & Völkers’ offer includes a broad spectrum of residential properties, ranging from extravagant Ski In Ski out properties, to classic detached houses and sophisticated villas with views of the lake. The most common types of property for sale are new-build flats as well as modern penthouses, chalets and magnificent country houses. We also regularly introduce individual gems and rarities into our portfolio, such as original architect’s villas and country houses with glorious views of the Kitzstein mountain.
The town of Zell am See has almost 10,000 inhabitants and is comprised of two districts. The old town, which is located right by Lake Zell, includes the whole historic town centre. It is characterised by upmarket residential clientele and properties in the upper price segment. The larger district Schüttdorf or Zell am See-Süd tends to be cheaper and is home to many companies and businesses. Zell am See’s airfield, which serves small aircraft and gliders, can be found in this part of town. Four other villages also form part of the municipality: Bruckberg, Erlberg, Schmitten and Thumersbach.
While rental properties in Zell am See are comparatively inexpensive, the purchase prices in this town in Pinzgau remain at a relatively high level. However, there have been significant price fluctuations in the past ten years in connection with certain property and living area categories. Recently, the situation on the real estate market in Zell am See has once again become more attractive for owner-occupiers and investors due to stagnating prices.
Would you like to buy or sell a property in Zell am See? The experienced and competent real estate advisors at Engel & Völkers support you in buying and selling residential properties in the Alpine Regions of Tyrol and Salzburg. We are also glad to advise you in connection with the following topics: