New building in the crisis: Rental demand increases, the property market breaks a
New building in the crisis: Rental demand increases, the property market breaks a
The living space situation in our region is becoming increasingly pussy. While the demand for rental apartments is increasing steadily, the market for condominiums is almost on the ground. These developments are alarming and raise the question of how our residential culture is. It is a remarkable contradiction: more and more people are desperately looking for living space while the offer is shrinking and shooting prices.
In the past few months, the prices for new buildings have been heavily burdened by strict regulations and high construction costs. This has caused many construction projects to be put on ice or canceled completely. The situation is not only frustrating for prospective owners, but also for investors who are faced with a variety of challenges. The decline in the new building now has a record low, which leads to a lack of affordable living space.
rising rental inquiries and stagnating offer situation
The increasing demand for rental apartments can be clearly felt in many cities. More and more people are dependent on cheap rental options because buying their own apartment has become unaffordable for many. Experts warn that this development should continue, the rental prices will increase, which could further tighten the situation for low -income households.
The problem is tightened by the currently strict regulations in construction that keep many developers from starting new projects. A national market means that investments in housing construction appear uneconomically, which further inhibits the new building.
experts therefore require a reform of the building law regulations to take the pressure from the rental markets and to promote new buildings. Otherwise, the housing crisis could remain for a long time, which not only harms the living space supply, but also heavily burdened the social institutions.
The situation remains tense and requires urgent measures. Those responsible must finally take action to cope with this crisis. Rumors about potential bankruptcies in the real estate sector are already circulating, which brings further uncertainty on the market. It is to be hoped that politics will react quickly and find solutions.
In summary, it can be said that the shortage of housing is not only a slap in the face for many affected people, but also a serious challenge for the social stability of our region. As reported www.krone.at, it is essential that we are acting now before it's too late.