Lack of housing: developers urgently demand solutions for new construction!

Lack of housing: developers urgently demand solutions for new construction!

Madrid, Spanien - Housing in Austria is faced with an exciting turn! According to the current reports of orf oö , the demand for new condominiums is still strong, but the developers hesitate to initiate new projects. The strict rules of the KIM regulation expire, which is considered a positive signal, but the housing cooperatives are waiting. Stefan Hutter from the WSG comments: "We don't dare to build the fact that we are now starting to have the product." Despite the high demand, new condominiums remain on ice for the time being.

While the developers are hesitant for the time being, a positive perspective for the new building is emerging for 2024, as experts emphasize. It is expected that the demand for new buildings will continue to be above the offer, which will benefit the builders. This was also confirmed in a study by Urbanitae . The prices for new buildings should remain stable, with an increase of 4.1% targeting in the first half of 2024. However, the problem of limited building land and increasing construction costs remains a decisive factor that presses the offer.

market development and challenges

The real estate markets, especially in the big cities, are faced with the challenge that there is not enough buildable country available. Builders are therefore urging solutions from the public administrations to address the problem of lacking housing. The forecasts state that 200,000 new households will be created annually in the next 20 years, while only between 80,000 and 100,000 new apartments can be built. This miscaly could continue to strengthen in the future if the current bauna levels are retained, which could lead to a critical situation on the housing market.

The combination of stable demand and inadequate offer could put the housing market to the test. Builders such as Metrovacesa and Kronos Homes already report high sales rates for their new buildings. These developments make it clear that despite the uncertainties and challenges in construction, the perspectives for the housing market remain promising in 2024.