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Guide Published: Updated: 2 min read

What Is My Apartment Worth? How the Price Is Determined

The short answer

An apartment's value depends mainly on location, size, condition, features and the prices of comparable sales. Appraisers work under the Real Estate Valuation Act (Liegenschaftsbewertungsgesetz) with the sales comparison, income or cost approach. Online calculators only give rough guidelines. An on-site valuation is more accurate.

3valuation methods under the law
€0for a valuation from us
24 huntil you hear back personally

At a glance

Sales comparison approach (Vergleichswertverfahren)
value based on prices actually paid for comparable properties – the most important for apartments
Income approach (Ertragswertverfahren)
value based on the income the property can generate – mainly for rented and investment properties
Cost approach (Sachwertverfahren)
land value plus building value – mainly for single- and two-family homes
Key factors
location, floor level, outdoor space, condition, energy efficiency, elevator, features
Legal basis
Real Estate Valuation Act (LBG)

These factors determine the value

  • Location – district, neighborhood, public transit, noise, view.
  • Size and layout – living area, number of rooms, outdoor space like a balcony, terrace or garden.
  • Condition and features – renovations, kitchen, bathrooms, floors, heating, energy efficiency.
  • The building – elevator, floor level, condition of the building, reserve fund, planned renovations.

How appraisers do the math

Depending on the property, appraisers use the sales comparison, income or cost approach. For condos, what counts most is the comparison with real purchase prices. We explain how the three methods work in detail on our property valuation page.

Why online calculators are often off

Online calculators don't know the condition of your apartment, the view, the layout or the feel of the building. They give you a rough range. Only an on-site visit shows the real market value.

What does this mean for you as a seller?

The right asking price is the most important decision in a sale. We give you a free, no-obligation estimate from real agents – for apartments, houses and land in Vienna and Lower Austria.

Frequently asked questions

How do I find out what my apartment is worth?

Most accurately with an on-site valuation by an agent or appraiser. They compare your apartment with prices actually paid for similar properties and factor in condition, location and features.

Are online property calculators accurate?

They only give rough guidelines, because they know nothing about the condition, layout, view or building.

What valuation methods are there?

Under the Real Estate Valuation Act: the sales comparison, income and cost approaches. For condos, the sales comparison approach matters most.

Sources

  1. Real Estate Valuation Act, current version (in German) – RIS – Rechtsinformationssystem des Bundes, as of October 4, 2026

This article is for general information only and does not replace legal or tax advice for your individual situation. Most of the sources are in German.

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