Rental price brake: government brings enormous relief for 1.5 million households!

Rental price brake: government brings enormous relief for 1.5 million households!

Laimgrubengasse 10, 1060 Wien, Österreich - Vienna experiences a great change on the housing market! The new government of SPÖ, ÖVP and NEOS has decided to temporarily freeze rents in old building, community and cooperative apartments. This is an answer to the rapidly increasing housing costs, which are characterized by high inflation. The decision, which is considered one of the first measures of the newly formed triple coalition, will be enforced at least by the end of 2025. State Secretary Michaela Schmidt emphasized that without this intervention rents would increase by three to four percent in April, which is why it was urgently needed to introduce a rental price brake, such as parlament.gv.at reported .

Specifically, rents are capped

From now on there is a rental price stop for the year 2025! For 2026, tenants have to expect a maximum increase of only 1 percent and 2027 with 2 percent. This step benefits more than a million households and is intended to stabilize the housing market sustainably by intercepting the additional burdens of the past years. SPÖ residential building spokeswoman Elke Hanel-Torsch pointed out that the relief for rental apartments that do not fall under the tenancy law is extremely important. It also clarified that future changes in tenancy law should also offer long -term stability for tenants, including the increase in the minimum limited period of rental contracts to five years, such as ots.at determined .

The minds are split: While the government parties celebrate the decision as great progress, the Greens and the FPÖ find the measures taken as inadequate. The use of rent changes is not enough to counter the disturbing living situation. The Greens recently brought in a motion for a resolution in which they demand a more comprehensive rental price by the end of 2026. Despite the objections, the government sees the new rent stop as a decisive step towards financial relief for the population, which could lead to savings of 140 million euros next year.