Vienna fights against living speculation: City packs through now!
Vienna fights against living speculation: City packs through now!
Wien, Österreich - The city of Vienna consistently takes action against living space speculation and has identified 14 acute speculation objects, two of which are under forced administration. This measure is part of a comprehensive application to ensure living space in the capital, such as
A crucial aspect for the protection of the tenants is the 2023 amended building code, which ensures that no economic abortion is granted. In order to continue to control maintenance, mandatory regular checks and a documentation obligation for building crabs were introduced. The budget for renovation funding has also increased from 112 to 260 million euros, which offers additional incentives for investing in the preservation of living space.
market developments in the Vienna housing market
At the same time, a current report on the development of the Viennese housing market shows that the framework conditions in 2025 intensify due to political and economic uncertainties. The first evaluations of the market immocalator provide information about the rental and purchase price trends. The report emphasizes that the rental price increase in the inner districts from 2022 to 2024 was around 10 %, while the purchase prices have dropped by about 10 % during this period.
In contrast, the rental prices in the outer districts only rose by 5 %, while the purchase prices had to be reduced significantly to decrease around 20 %. The negotiation successes in these districts showed a decline from 19 % to 12 %, which indicates an increasingly difficult market. The rental returns remained in the outer districts between 2.75 and 3 %, while new buildings achieved a return of around 3.5 % before 2020.The increasing number of sales in the Donaustadt, favorites and Ottakring districts shows the endeavor to stabilize the protection of prices. According to the forecast for 2025, further rising rents and buying prices depends heavily on the development of interest, such as immocalkulator.at determined.
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| Ort | Wien, Österreich |
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