Changed building regulation: Relief for real estate buyers in Austria!

Changed building regulation: Relief for real estate buyers in Austria!

On December 3, 2024, there are significant news for the domestic construction industry: The Vöpe (Association of Austrian Project Developers) has announced that the controversial KIM regulation expires in the coming year. Vöpe President Andreas Köttl described this as a "really good news" for real estate buyers and the entire construction industry. He criticized the guidelines as a hindrance to acquisition of ownership in Austria and sees her abolition a way to secure the affordability of living space and to promote employment in the real estate sector. Köttl emphasized that many actors, from consumers to banks and politicians, were dissatisfied with the existing regulation, which led to the desire for a change, such as ots.at reported.

The Vöpe, which was founded in 2019, sees the need to cooperate in the development of sustainable construction projects. In an interview with Heimo Rollett, Köttl explained the importance of the architects as "lawyers of society" and the essential role that aesthetics and sustainability should play in architecture. These should go hand in hand to create both functional and beautiful living rooms. Köttl demands that there should be a “Fast Lane” for the approval of sustainable projects in order to promote the construction industry and at the same time work for society. The ideas about sustainable development are considered indispensable for the future of the real estate industry, which also underlines architecture-aktuell.at .