VoGewosi starts new building offensive: 600 apartments planned by 2027!

VoGewosi starts new building offensive: 600 apartments planned by 2027!

Bregenz, Österreich - The VoGewosi begins an impressive turn in construction activity in Vorarlberg! After difficult years, shaped by Corona, inflation and rising interest rates, the construction council turns on the machines. Managing Director Hans-Peter Lorenz announced that there are currently around 600 new apartments in the pipeline, the completion of which is planned between 2025 and 2027. These new buildings bring investments of around 160 million euros, a positive development, which is supported by the strong demand from the communities and the state's efficient residential building funding, as the chairman of the supervisory board reported Karlheinz Rüdisser.

new residential projects and renovations

In particular in the Feldkirch region, the construction of affordable living space is to be promoted. In 2023, the VoGewosi already managed 17,200 apartments in 61 of the 96 Vorarlberg municipalities, whereby the balance sheet total has grown to an impressive 910.8 million euros. Despite the challenging market situation, rental prices remain stable with an average of 5.62 euros per square meter. In the case of older apartments, however, it is becoming increasingly difficult to find tenants. That is why extensive renovation projects for the approximately 80-year-old residential complexes are planned to increase the attractiveness of the living space, as Lorenz in

The VoGewosi sees great opportunities in the redesign of old residential complexes in order to meet the current needs and at the same time create financially viable living space. This is in accordance with the aim of the non -profit housing association to enable affordable living for everyone. These measures are all the more important, since the building and property costs have risen dramatically in recent years, which Lorenz describes as a "precarious situation" that can be mitigated by the high financing share of public funds and the own funds of the VoGewosi in order to advance the creation of more living space.