Rental price throttling: Government is planning comprehensive living space reforms!

Rental price throttling: Government is planning comprehensive living space reforms!

In a groundbreaking government program, which was recently presented, rental prices in Austria should be capped within the next three years. From 2028, an upper limit of a maximum of three percent will apply to rent increases in the entire living area. If inflation increases above this value, rent increases are only permitted half of the inflation rate, as reported vienna.at However, the economist warns of possible restrictions on these measures, since many rental contracts are limited and the price increases can therefore often not be recorded within the existing contracts. As a result, the housing market could hardly react to the cap; According to Klien, short -term price increases are not to be expected.

temporary employment contracts: a growing problem?

The uncertainties on the labor market are reinforced by the high odds of temporary employment contracts. According to current data, around 38 percent of the new bodies subject to social security are limited at the end of 2023, especially young people. Almost half of all employment contracts for young professionals under the age of 25 are limited. This coincides with a trend that results in a flexibility of personnel planning by companies, but also creates uncertainties for the employees, such as Managerblatt.de

The limitation of employment contracts can be carried out with and for no factual reason, the latter may only apply for a maximum of two years. In order to work on an extension despite the challenges that these contracts bring with them, employees can show commitment, continue their education and build a good network. The chances of an unlimited job are crucial, while employers benefit from the flexibility of these contracts.