Rent in Salzburg explode: record prices exceed inflation!

Rent in Salzburg explode: record prices exceed inflation!

Salzburg, Österreich - Rental prices in Austria have experienced a worrying increase that exceeds inflation. According to Kosmo , rents rose by 4.8 percent last year, while inflation was only 2.9 percent. This development has serious effects on the living Situation of the population, especially in particularly expensive regions, such as Salzburg.

Salzburg remains the most expensive rental region in Austria with an average price of 11.90 euros per square meter, including operating costs. Tyrol and Vorarlberg follow close to 11.50 euros and 11.30 euros. In Carinthia and Burgenland, however, tenants can expect prices of 7.70 euros or 7.40 euros per square meter. These different rental prices reflect a growing gap in the housing market.

decline in building permits

Another factor that could tighten the situation is the decline in building permits in Austria. These have fallen to 31,867 in the current year, which is less than half of the record of 71,805 in 2017. This development could lead to a shortage of living space, especially in expensive regions such as Salzburg.

The Austrians' living satisfaction is 8.1 on a scale from 0 to 10 despite increasing costs. This indicates that many people are fundamentally satisfied at their place of residence. However, the persistent financial pressure could affect housing satisfaction in the future.

High housing costs

The housing costs represent a significant part of the income of Austrian private households. The area of ​​“housing costs” not only includes rental and operating costs, but also additional financial aspects such as energy costs and maintenance costs. According to Statistics Austria , the developments of the rents are recorded in a quarterly basis. This is done by surveys such as the microcensus apartment survey, which are constantly documented by rental prices and operating costs.

The average rental price per square meter in Austria rose from 6 euros in 2010 to 9.80 euros in the previous year. Private main rental apartments cost an average of 11.60 euros per square meter, while community apartments are 8.50 euros at 8 euros and cooperative apartments. These price increases are significantly imposed by many households because the proportion of housing costs in the income increases continuously.

value security calculator as an aid

In order to be able to better counter the increasing cost burden, households in Austria are available to the value security calculator. A value security calculator enables the performance of amounts between two times. This can help to understand the rental prices to general inflation. The consumer price index (VPI) generally measures price development and inflation in Austria and offers a useful comparison basis.