The regions known as Tyrol and Salzburger Land are among the most sought-after in the whole of Austria. In addition to the beautiful scenery and the wide range of recreational and cultural activities on offer, property buyers are drawn by its central location in the heart of Europe, as well as by the good infrastructure and excellent healthcare system in Austria. Demand for real estate in Tyrol has remained unwaveringly high as a result, even during the coronavirus pandemic.
From March to June 2020, prices remained at a steady high. “In the short term there were some delays in closing the contracts on property sales. But looking ahead longer term, the level of demand is only set to shift marginally. This is because, for years, demand has exceeded the scarce availability of real estate here – both in the cities and in rural areas,” says Florian Hofer, Managing Partner at Engel & Völkers in the Tyrol and Salzburg regions. Even though there were strict lockdown restrictions in Austria during the initial period of the pandemic and viewings were not possible in person, property transactions did still take place via virtual property viewings thanks to digital technologies.