Recently published Knight Frank Global House Price Index Q1 2009 lists Austria as 7th most attractive location to invest into Real Estate. Austrian properties have increased by 4.1% in value over the last year despite the present turmoil in the gloabl financial and Real Estate markets. Isareal scored number 1 with an increase of 10.9% year on year Q1 2009. Only Switzerland(5.6%) and the Czech Republic(9.9%) are are ahead of Austria in Europe. The highest falls in prices could be seen in Dubai (-40%) and Singapore (-16%). Knight Frank´s experts believe that the crisis will go on in 2010. Therefore investors find a safe heaven for their in investments in countries like Austria in a politically stable environment and a continous influx of first time buyer due to its role as global number 1 tourist destination.

Source:  http://www.knightfrank.com/press/Knight-Frank-Global-House-Price-Index-Q1-2009-030.aspx