Living dream or illusion? Young Tyroleans fight for their own four walls!

Living dream or illusion? Young Tyroleans fight for their own four walls!

The discussion about the financability of homes for young people in Tyrol is revived by current political and economic currents. The debate is listed by Tirol's governor Anton Mattle, who calls for the existing credit distribution guidelines. This is done against the background that the ÖVP criticized the rigorosis conditions for lending and indicates the associated challenge for young buyers.

The Upper Austrian Youth and Women's Organization (JVP) reacts to the current situation by accusing the state government not to promote the opportunities for residential property for young people. According to Sophia Kircher, the JVP state chairwoman, there is a lack of realistic opportunities to enter into the acquisition of ownership.

Influence of rental prices

The specialist group of real estate and wealth scattering countries in the Tyrolean Chamber of Commerce argues that the restrictive lending has a direct impact on rental prices. Chairman Deputy Arno Wimmer points out that the strict guidelines exclude potential buyers, which subsequently leads to an increase in demand for rental objects. The Greens support this perspective by pointing out that high basic and construction prices as well as low incomes are the main causes of rising rental prices. Zeliha Arslan, spokeswoman for the Greens, demands more commitment from the state government to make living space affordable.

The rental prices are extremely volatile, especially in urban areas. In cities, the price of rental apartments depends heavily on the situation. Apartments near city centers and public transport connections are usually significantly more expensive than those that are further away. As a result, young people in rural areas in particular who do not live near popular excursion destinations or ski areas are faced with higher rental prices.

lending and public discussion

The financial market supervision (FMA) now has the task of developing a succession plan for the KIM regulation, which expires on July 1, 2025. At the moment, FMA considers the existing loan gems to be sufficient, but requires a share of 20%, a maximum of 40% of the income for repayment and a maximum loan period of a maximum of 35 years. However, this is not well received by the ÖVP, since it sees the rules as a main reason for the decline in the construction industry and the difficulties in acquiring their own homes.

The ongoing debate illustrates the different views and the tense housing market. While the ÖVP relates to a relief of lending, the Greens underline the need for an honest and open discussion about the challenges that the real estate market brings for young people. Both sides recognize the urgency of finding suitable solutions for rising rental prices and the problems of acquiring your own home.