10,000 new apartments in Vienna: an unnecessary cost trap for taxpayers
10,000 new apartments in Vienna: an unnecessary cost trap for taxpayers
The problem of lacking living space in Vienna is becoming increasingly urgent because numerous new apartments are empty. According to a current statement by local construction professionals, the vacancy not only has a financial impact on taxpayers, but also contributes to environmental impact. This means that many newly built apartments are unnecessary because they do not meet the need.
The situation is alarming: According to current reports, there are around 10,000 apartments in Vienna alone, which have been built since 2018 to 2021 but have never been obtained. This number is confirmed by a study by the Chamber of Labor. The vacancy of such new buildings means that the city must continue to invest in expensive infrastructures, while existing ones remain unused in the vacant properties.
causes of vacancy
An important aspect that contributes to the creation of such vacancies is that the private real estate market often plans past the actual needs of the residents. This affects both the type of apartments as well as their location and equipment. The construction professionals emphasize that new buildings not only increase CO2 emissions, but also require huge sums for the purchase of new infrastructure, which are often already available in existing residential buildings.
Another problem is that construction companies often invest in unattractive or too expensive locations, which reduces demand. This discrepancy between supply and demand is not only an urban time problem, but also in contradiction to the efforts of the city about sustainable development and CO2 reduction.
The construction professionals therefore call for a clear political strategy to specifically reduce the vacancy and at the same time combat the lack of living space in the city. It takes to redistribution of resources and adaptation to the needs of the population to achieve a green turn in residential construction.
In summary, the situation in Vienna's housing construction is complex and requires urgent measures to reduce the vacancies and at the same time do justice to the sustainability goals. The entire spectrum of the topic can be detailed in an article at www.krone.at to read.
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