The best years for residential property buyers in Austria are likely to be over for now. The years of zero interest rates made extremely affordable financing possible, which led to a boom in the housing market. But now the tide has turned. The global surge in inflation has led to a turnaround in interest rates, which are currently skyrocketing. However, this also means that the days of cheap money are over: both variable interest and newly issued home loans are becoming significantly more expensive.
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