Rents in Vienna increase by 89 percent - where is the relief?

Rents in Vienna increase by 89 percent - where is the relief?

Rental prices in Austria have experienced an alarming increase: in the past 15 years they have grown by an incredible 89 percent - almost twice the inflation. Ilkim Erdost from AK Vienna emphasizes that the recently decided rental brake is a first real step to relieve the tenants: to relieve the inside. However, there is a worrying aspect: the unregulated free rents are not covered by the regulation and continues to increase exorbitantly, sometimes 18 percent above the prices of private old tree rental. It is required to introduce a stop for these rents and to create a simple, uniform tenancy law to improve the Situation, as on OTS

The current rent brake is expected to be relieved of tenants: in the old building as well as in community and cooperative apartments and prevent an average increase in rents of 3.16 percent. This will lead to savings of a total of 138 million euros. Nevertheless, an analysis of the distribution of living in Vienna shows that a significant part of the population, especially people with a migration background, often lives in private tenancy. Statistics show that 54 percent of the Viennese trained abroad live with a migration background from the EU/EFTA in private rental apartments, while the proportion of those with education from third countries is 42 percent. These developments are crucial in order to understand the growing pressure on the housing markets in Vienna and the social diversity, which described in wien.gv.at become.

growth of the non -profit residential construction

The migration -related diversity in the housing market is also manifested in the growth of non -profit residential construction, where a relevant increase has been recorded in recent years. More and more Viennese: Inside with a migration background are looking for this living space because it often offers a safe and affordable residential alternative. In comparison, the number of people shows that in particular people live in their own apartments without a migration background. This is particularly noteworthy, since only 11 percent of the Viennese with a migration background live in property from a third country.