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Austria Today

Austrian news in English

Friday, November 22, 2024

Austria's Housing Crisis: A Growing Concern

Published: 2024-09-12

Austria is facing a significant housing crisis, with affordable housing becoming a pivotal issue for the upcoming elections.

According to a recent survey by Volkshilfe, 66% of Austrians consider affordable housing a decisive factor in their voting decisions.

The rising cost of living, particularly housing, has become a burden for many, with 50% of the population worried about future affordability.

The situation is exacerbated by soaring rents, which have increased by 80% since 2010, and high interest rates making home ownership unattainable for many.

The Volkshilfe has called for immediate measures, including a two-year rent freeze and a reform of the rental law, to address the crisis.

The organization emphasizes the need for structural changes to prevent future housing crises, urging the government to prioritize affordable and quality housing for all.