Shock for tenants: Buwog deal costs Austria billions!
Shock for tenants: Buwog deal costs Austria billions!
In a current statement, Elke Hanel-Torsch, the head of the Vienna Tenant Association, described the past sales decisions of the Republic of Austria in connection with Buwog as a serious disaster. According to Hanel-Torsch, the sale of 2004 shows, in which 60,000 apartments in the federal government were sold to a bidding consortium, the negative consequences of such transactions significantly. The sales price achieved at the time was significantly lower, which was known to the bidding consortium, which included Karl-Heinz Grasser. Grasser and his co -accused received almost 10 million euros for this sale.The handling of the sale carried out the Finance Institute Lehman Brothers, which registered bankruptcy in 2008 and thus contributed to triggering the global financial crisis. Hanel-Torsch argues that the Republic of Austria could currently sit on real estate assets of around 6 billion euros if one would have kept the apartments in public property. For comparison, she stated that the previous sale of 110 tons of gold in the Republic only earned about one billion euros, while today's value of this amount is estimated at around ten billion euros.
criticism of private investors
Furthermore, Hanel-Torsch referred to other subcontracts to private investors, which were made in the past. These sales also affect companies such as Post, Austria Tabak and Telekom Austria. Hanel-Torsch warns particularly vehemently of the potential dangers associated with the transfer of money or apartments to the FPÖ. It demands a clear separation and appeals that apartments that were financed with tax funds should no longer be sold to private investors.
A central point in your argument is the basic right to affordable apartments. Hanel-Torsch criticizes the practice of speculating with public property, and calls for a change of heart in housing policy.
The role of the Austrian National Bank
In parallel to this debate, statistical surveys contribute to an important part to assess the real estate market. The Austrian National Bank (OENB) has been working with the Technical University of Vienna and Datascience Service GmbH for over 15 years to calculate the residential property index. This index, which is updated quarterly, enables long -term analyzes of price development in the residential property industry.The OENB fundamental price indicator serves to observe possible undesirable developments on the Austrian real estate markets and is also published quarterly. This data is accessible to the public in both PDF and Excel format and offer valuable information about current developments on the residential property markets in Austria and the EU. It should be noted that the published values are created exclusively for statistical purposes and are not suitable as a reference value for financial instruments.
The debate about dealing with residential properties and public property remains of great importance. The appeal to no longer sell apartments in public possession to private investors could have a central impact on the housing policy landscape in Austria.
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| Ort | Wien, Österreich |
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