- Vienna's housing market experiences double-digit decline, surpassing Stockholm's drop, due to stricter mortgage rules.
- Vibrant rental market offers an alternative to homeownership, exacerbating the slump.
- Despite the decline, Vienna's prices are still elevated after a long run of gains.
- Housing markets in Europe are on divergent trajectories due to higher interest rates and lack of supply.
- Areas roiled by the global financial crisis have been less affected by the current downturn.
Vienna Becomes Epicenter of Europe’s Housing Woes
Bloomberg’s housing tracker shows the Austrian capital is showing some of the steepest declines in Europe
Jack Sidders
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