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Higher Rental Yields in Graz: Is It a Good Investment?
Shared 10 Sep 2024 19:22:58
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10 Sep 2024 19:22:58 Henry Vemer posted:
I’ve been reading a lot about Graz lately, and the city seems like a prime spot for investments. I came across some articles mentioning that Graz has been seeing increasing demand for rental properties, especially with the rising student population and local businesses growing. The real estate market here looks promising, but I’m unsure if the rental yields are really worth the investment. Has anyone seen significant rental income here? What are the potential risks? Replies
Replied 10 Sep 2024 19:33:05
10 Sep 2024 19:33:05 Andreas Andreas replied:
I've been investing in Austrian real estate for a while, and I can confirm that Graz has delivered better-than-expected returns. I purchased a property in the city center a few years ago, and the demand has been consistently high. The city's thriving student population and tech sector have contributed to higher rental yields than what you’d get in other Austrian cities like Salzburg. It’s also worth noting that the average price for properties in Graz is still relatively affordable compared to Vienna, which makes the investment even more attractive. If you’re concerned about risks, they mainly revolve around maintaining tenant turnover and keeping the property in good condition, but overall, Graz offers excellent potential for consistent returns.
Replied 24 Sep 2024 18:20:50
24 Sep 2024 18:20:50 Anna Schmidt replied:
Thank you for the valuable information. I remember encountering this article previously. I hadn’t initially thought about Graz, but after reading it, I understand the appeal of investing there. The city's closeness to Lake Wörthersee adds to its attractiveness.