Vienna in housing: GBVS ensure affordable rents for everyone!

Vienna in housing: GBVS ensure affordable rents for everyone!

The affordable rental apartment building in Vienna has been mainly based on the activities of the non -profit construction associations (GBVS) for 13 years. These organizations have established themselves as essential providers on the housing market and provide a significant proportion of rental apartments. The association of non -profit construction associations has 173 members who mainly provide apartments for broad sections of the population. Since 2011, rental apartments in Vienna have been divided into four segments that are based on the gross rental per square meter. 25% of rents are less than 9.0 euros/m², while 25% pay between 9.0 and 10.7 euros/m². Another 25% pay between 10.7 and 13.4 euros/m², and the last 25% have to raise more than 13.4 euros/m². In the cheapest segments, i.e. up to 10.7 euros/m², the GBVs have a market share of over 80%, which underlines their significant role in this area. This emerges from a current analysis of the housing market, which rents the price -damping effect of the GBVs that are based on profit -oriented providers.

The non -profit building associations are not only important providers, but are also characterized by the fact that their business is not maximizing profit, but in common good. This is strictly regulated by the Housing Community Act (WGG) and additional regulations. The non -profitness is awarded by the state governments, which the GBVs exempted from corporation tax. Their basic principles include cost recovery, profit limitation, asset loyalty and a personnel restriction that guarantees independence from relatives of the construction industry. These structures have contributed to the fact that almost every fifth household in Austria lives in a GBV apartment.

growth and market share

The GBVs manage over a million apartments, of which around 664,000 rental and cooperative apartments are. 182 GBVs are currently active in Austria, consisting of 97 cooperatives, 75 GmbHs and 10 stock corporations. These organizations are not identical to the urban municipal buildings, but focus on the non -profit building without the intention of maximizing profits. The roots of the GBVs lie in the cooperative movement of the 19th century, and they have gained in importance over time, especially in times of economic crises and growing housing shortage.

The rental prize stability that GBVs offer is further examined in a study that analyzes the regional disparities and the influence of the GBV shares on rental prices. An increase in the GBV share of 10% leads to a decline in the rental price differential by 30 to 40 cents per square meter. These findings show that GBVS not only play an important role in social housing, but are also active actors who influence the market dynamics in the apartment sector.

future prospects and challenges

The challenges that the non -profit building associations are facing are diverse. In particular, the current low interest rate phase has held the financing costs in residential construction historically low, but the upcoming turning point could have new difficulties. In addition, it is said that around 9,000 people are employed in the GBVs and that residential investments in this sector create an estimated 80,000 jobs. In view of the forecast developments in localizing housing and increasing construction costs, the price -damping effect of the GBVS could become even more challenging, especially in regions where private providers dominate.

Overall, the non -profit construction associations make a significant contribution to the creation of affordable living space in Vienna and beyond and are inextricably linked to the challenges of the Austrian housing market. Your activity not only ensures cost recovery for tenant -friendly apartments, but also ensures that social balance is preserved in residential construction.

For more information on the activities of the GBVS and their influence on the housing market in Austria, see ots.at, [Wikipedia] (https://de.wikipedia.org/wiki/gemeindn%C3%Bctzige_bauvereinigungen_in_%C3%96 austria) and [Wohnungsforschung.at] (https://www.wohnbauf research.at/index.php?id=514).