Rental prices: Why housing in Austria is at risk!

Rental prices: Why housing in Austria is at risk!

Laimgrubengasse 10, 1060 Wien, Österreich - The situation in Austrian housing is heading. According to Klaus Baringer, the association chairman of the non -profit construction associations (GBVS), the effects of the new rental cover are devastating. He found that the main affairs of the 3rd tenancy law enforcement law would suffer minor revenues of 675 million euros from 2024 to 2027. This financial burden not only endangers the renovation of older buildings, but also the construction of affordable apartments. "The real price drivers on the rental market remain unhindered while we suffer from the new regulations," said Baringer. Herwig Pernsteiner, the deputy association chairman, also confirmed this dramatic situation, and criticized the lack of factual discussion in parliament on the regulations for non -profit construction associations.

successful construction work despite crises

In 2022, the GBVs successfully completed around 16,700 new apartments. This represents an increase of 6% compared to the previous year and is 4% above the 10-year average. The strong building activism took place in a difficult economic environment in which the construction prices rose to a sudden. According to the reports of GBV-Aktuell invested around 5 billion euros in new buildings and renovations and further act as a stable partner Housing seekers and the construction industry.

Nevertheless, the numbers show a worrying trend: the number of building permits fell by 24% compared to the 10-year average, which indicates the growing challenges such as increasing property costs and construction prices. Baringer confirmed that heating modernization and thermal renovations had to be promoted, since 96% of the apartments built up to 1980 have already been renovated. The focus of the GBVS is now intended to switch to the switch to climate-friendly heating systems in order to further reduce CO2 emissions. "These measures are crucial to guarantee living space in the future and achieve the necessary climate goals," he added.