New building crisis in Vienna: Experts warn of drastic slump

New building crisis in Vienna: Experts warn of drastic slump

The representatives of the real estate and wealth scattering countries have once again pointed out a worrying deficiency in the area of ​​the open, financiallyable new building. The city of Vienna, which has been confronted with various challenges in housing construction in recent years, is particularly affected.

The need for new living space in the Austrian capital is enormous. The steadily growing population and the increasing cost of living have increased urgency, but at the same time the new building in Vienna has slowed down. This decline not only has an impact on the availability of living space, but also on the prices that could increase as a result.

The topic of the open financed new building is complex. It refers to construction projects that are financed by private funds and therefore do not have urban or state grants. In view of the current situation, the warning of the experts is all the more important, since further decline in the new building could possibly lead to a crisis on the housing market.

There are also justified concerns about the qualities of future construction projects. It is crucial that real standards are observed to ensure that the living space is not only available, but also of high quality. According to www.vienna.at are required to develop strategies that are both the construction as well as ensure the quality of the construction projects.

The challenge is to find a balance between demand and the available construction capacity. The representatives of the real estate industry emphasize that urgent measures are necessary to set the course for a positive development. Among other things, this requires political support to overcome the hurdles that exist in the building.