Graz is a statutory city in southeast Austria, sitting on the Mur river. It serves as the capital of the Styria region, positioned at an elevation of 353 metres. The local economy and intellectual life are anchored by its major academic institutions, which include the University of Graz, the Graz University of Technology, and the University of Music and Performing Arts Graz. The city is served by Graz Airport, which connects the municipality to the wider international region.
Property in Graz is generally cheaper than in the rest of Austria. The largest share of the housing stock is concentrated in Gries and Jakomini, which are also among the more affordable districts in the city. Lend and Eggenberg also hold substantial amounts of housing, with prices sitting close to the city average. For buyers seeking more expensive areas, Geidorf and St. Peter represent the premium end of the local market, with prices in St. Peter rising well above the average rates found in the central and western districts.
