Tenants under pressure: Housing costs rise drastically at the beginning of the year!
Tenants under pressure: Housing costs rise drastically at the beginning of the year!
Österreich - The year 2025 begins for Austrian consumers with a violent increase in costs, which inevitably meets them. As Today. These could be a significant additional burden for tenants, especially since the rental price regulations now apply again. The Chamber of Labor in Upper Austria informs that the guideline rents will increase by the average inflation rate of the previous year due to a price brake, while the category rents are credited in full of the index increases. For example, tenants have to expect additional costs, even if they are limited by an upper limit of five percent.
rents climb
The situation for tenants in private living conditions is described as alarming. According to , the increase in rental prices in the past 14 years has been significantly over the inflation rates. The main rents in private tenancies in particular rose by 80 percent in the first quarter of 2024 compared to 2010. While cooperative and municipal apartments with increases of 56 and 55 percent could not completely keep up, general consumer prices only recorded an increase of 48 percent. These developments in particular burden households with low incomes, unemployed and single parents, who often have to raise more than a third of their income for housing costs.
In summary, it is certain: Due to the rising prices, the housing costs for tenants are a serious problem that is still exacerbated with the statutory rental price regulations. While owners spend significantly less on average for living, tenants now have to raise even more for their apartments, which could consider the financial situation of many households considerably. The rental price settlement may offer certain cushioning, but in many cases it remains insufficient to alleviate the massive cost increases.
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