Real estate in Tyrol

Find your property in Tyrol

Properties in Tyrol are highly sought-after, correspondingly expensive and usually only on the market for a short time. Whether it's an apartment in Innsbruck or a chalet with a mountain view, the province offers a high quality of life, many leisure activities and beautiful nature.

Finding real estate: Living in Tyrol - the structure of the province

The province of Tyrol, with its official capital Innsbruck, is divided into two areas: North Tyrol and East Tyrol, although these regions are spatially separated and not directly connected. East Tyrol has its own district capital, the town of Liezen. In political terms, Lienz and East Tyrol are considered a district of the province.

There are nine districts in total:

• Imst
• Innsbruck Land
• Innsbruck city
• Kitzbühel
• Lienz (East Tyrol)
• Kufstein
• Landeck
• Reutte
• Black

The district capitals are important regional centers. Innsbruck is the most relevant city. As the provincial capital, Innsbruck offers a wide range of shopping facilities, healthcare and cultural activities.

Kitzbühel, on the other hand, is a legendary tourist destination. This is where the famous Hahnenkamm race takes place. However, tourism and gastronomy also play a decisive role in practically the entire rest of the province. Winter and summer holidaymakers alike get their money's worth here and enjoy the fantastic Tyrolean mountains.

It is worth mentioning that Tirol is not only easily accessible by car, but more and more people are also using train connections to get to Tirol. For example, there are regular direct connections from Vienna to Innsbruck.

Real estate market in Tyrol

Widespread tourism has a massive impact on the Tyrolean real estate market. Countless buildings have been converted into hotels or restaurants. In addition, space is needed for employees working in these sectors.

In addition to hotels, second homes are also extremely popular. The spectrum of properties ranges from alpine chalets to small apartments near the nearest ski slope. What all these forms of use have in common is that sought-after living space is being withdrawn from the market and property prices are rising to sometimes dizzying heights due to the high demand.

The tense situation on the real estate market means that municipalities are becoming increasingly strict with zoning. Second homes should be avoided wherever possible. If a hotel project is built, the authorities try to ensure that it is actually a hotel and not an apartment business, as a hotel generates significantly more jobs.

Some properties are officially used as a main residence, but in practice are only rarely occupied. In these cases, there are severe penalties. The situation has sometimes escalated to such an extent that locals report properties that are supposedly underused to the authorities.

Affordable housing in Tyrol

In order to create more affordable housing, there is the so-called "land fund". The state uses this vehicle to purchase tens of thousands of square meters of land. However, the enormous land prices and the high construction costs of real estate mean that only relatively expensive areas can be built, even through social housing.

Housing benefits and housing subsidies are available as support services. These funds are used to support people who find it difficult to afford to rent, who want to build a house or purchase an existing property. Eligibility requirements must be met, but these are relatively broadly formulated so that many people can benefit.

Overall, it is difficult to find an affordable property in Tyrol despite the funding opportunities. If you are price-sensitive, you need to be as flexible as possible in your search. Sometimes there are cheaper properties in Tyrol that are located in small communities and are less well situated. These are then occasionally sold at a lower price. However, it should be borne in mind that these are often properties in shady locations. Having few hours of sunshine per day is unusual for many people - the quality of life can suffer as a result.

Real estate prices in Tyrol

Property prices in Tyrol are generally high. Statistics are not very meaningful, as there are sometimes very few offers on the market. In general, it can be said that lower prices can only be found in more remote, less touristy areas.

Purchase prices for real estate

The lowest purchase prices can be found in the Landeck district and in rural areas outside of Lienz. Here, second-hand properties can be found from 2,000 euros per square meter. Around the provincial capital of Innsbruck, however, prices are usually over 5,000 euros and in the immediate vicinity of the city they can reach up to 15,000 euros.

The district of Kitzbühel is exceptionally expensive. Prices here are between 10,000 and 20,000 euros per square meter. Occasionally, properties are offered at even higher prices, where location and view are the main deciding factors.

Rental prices for apartments and houses

The average monthly rent for apartments in Innsbruck is around 20 euros per square meter. This figure is comparable with Salzburg and Vienna's inner city districts. Second-hand apartments in peripheral locations are slightly cheaper, but rents below 15 euros per square meter are really rare.

In the other district capitals, the supply is also low. Rents in Tyrol of around 15 euros per square meter are common. Occasionally, there are cheaper offers, but these are usually older apartments in rural areas that are offered as workers' quarters for seasonal workers, for example.

Searching for and finding a commission-free private property in Tyrol

Unfortunately, it is difficult to find a property in Tyrol. Due to intensive tourism, living space is being withdrawn from the free market. Building land is very expensive and generally only a few properties come onto the market. Those looking for luxury properties, on the other hand, will get their money's worth. There are exclusive properties in Innsbruck city center as well as in and around Kitzbühel.

The consequence of the current market development is that living space is difficult to afford for many people. Those who still want to find a property are saving wherever possible. This also includes the estate agent's commission. This amounts to a gross 3.6 percent of the purchase price of the property. With purchase prices as high as in this federal state, this can quickly add up to five-figure sums. Commission-free private properties are therefore particularly popular. All properties advertised with us in Tyrol are offered commission-free. This means you can potentially save thousands of euros.