Vienna fights against speculation houses: First case under forced administration!

Vienna fights against speculation houses: First case under forced administration!

In Vienna, a determined step is taken in the fight against real estate speculations: the first speculation house has been under forced administration. It is the building at Salzachstraße 46 in the Brigittenau district, as reported by the Kronen Zeitung . The city made this necessary because the owners repeatedly ignored requests for maintenance. The city's aid was able to enforce the establishment of a compulsory administrator in court who can now cause urgently required maintenance work.

consequences for the tenants

The city of Vienna has a total of twelve other speculation houses in their sights that are in a similar desolate state. These objects could also be transferred to forced administration. The Mayor of Vienna Michael Ludwig (SPÖ) has made it clear that the city will not accept how owners will let their houses fall for increasing rents. "We want to signal that we do not accept the owners' approach," said Ludwig. Tenants who have to live in these speculative apartments are often confronted with serious defects, such as missing electricity or heating.

For the tenants of the house in Salzachstrasse 46, this measure means that rents are now transferred directly to the compulsory administrator, which can be financed by the necessary work. This is an important step in order to improve their living conditions for the residents. Christian Bartok, head of the Wiener Tenanthilfe, notes that the unrest among the speculators is noticeable, and indicates that the city is ready to act harder against grievances that have been neglected in the past, as in the report of the Volksblatts