Housing in Austria: crisis mood and state cuts!

Housing in Austria: crisis mood and state cuts!

The habitat in Austria faces major challenges. Housing construction has been stagnating for three years, which significantly influences the utilization of the construction industry. Georg Bursik, Baumit's Austrian boss, describes the current building economy as "shitty". This assessment reflects a broad concern about developments in housing construction, since Austria has reached a historical low during the completions of the past 15 years.

Another alarming sign is that 40,000 to 60,000 residential units would be required annually in order to meet the need, but this goal is missed by 40 percent. The situation is tightened by the fact that over two million buildings in Austria urgently need a renovation. In this way, air conditioning technology improvements are not only absent, but also run over longer periods.

Reduction of grants and their consequences

In December 2024, state funding for thermal insulation and boiler exchange was stopped for the time being. These decisions have far -reaching effects on the market. The government is currently also examining climate and environmental funding, with a planned reduction in subsidies for thermal renovations from 75 percent to 30 percent. Such cuts not only endanger the construction economy, but also the economic development.

Bursik emphasizes that these funding is not only important in terms of environmental policy, but also have a positive economic effect on the gross domestic product (GDP). Investments of 5 billion euros were triggered for every invested billion euros in funding. There is also a discussion about the need and future design of funding.

Suggestions to improve the situation

Experts, including Bursik, propose differentiated criteria for future grants. In particular, a division of the funding for thermal renovations and heating boilers is recommended. The proposal is that the insulation should be promoted first, followed by the boiler exchange in order to achieve sustainable energy efficiency. The positive response to the promotion of the boiler exchange among the population shows the interest in more environmentally friendly heating solutions.

The location in housing is worrying and requires immediate action. The developments in Germany, where the construction crisis appears even more pressing, throw a shadow on the situation in Austria and illustrate the need to address the challenges to avoid the country slipping further into the construction crisis.

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