Rental prices in Austria: Shocking 70.3 percent increase since 2010!

Rental prices in Austria: Shocking 70.3 percent increase since 2010!

Österreich, Land - The rents in Austria explode! A new Momentum Institute study shows that prices have risen by an incredible 70.3 percent since 2010. Austria is the four -strongest country in the ranking of rental price increases in Europe. Only Estonia (208.2 percent), Lithuania (177.3 percent) and Ireland (108.1 percent) record even higher increases. For comparison: In the entire euro zone, rents have only increased by only 23.5 percent. This ensures massive worries among tenants, because the rent increases significantly exceed the inflation rate of 48.9 percent in Austria, while in the euro zone the rents even remain behind the general inflation rate of 35.4 percent, such as Today. reported.

The situation is particularly worrying for many households. Around a quarter of the 1.7 million rental budgets in Austria are affected by unbraked increases, while a rental price stop that was decided by the traffic light coalition only applies to regulated rental conditions. Tenants are still unprotected on the private market, and this is where rental prices are highest. Leonard Jüngling, expert at Momentum Institute, calls for a comprehensive rental price brake by 2028 to protect tenants from the drastic price increases. Without immediate measures, the government could weaken the affordable rental market, while the highest rental prices continue to skyrocket without control, he explains according to .