Austria: Apartments „Too Expensive for Average Citizens“

Published: December 11, 2013; 06:19 · (Vindobona)

Josef Schmiedinger, CEO of s-Bausparkasse, stresses that there is enough housing space in Austria. However, housing becomes less and less affordable, he says.

A substantial part of the newly built housing space is too expensive for average citizens, Schmiedinger says. According to him, the Austrian property market needs apartments in the medium price segment. Most demand is seen for apartments with a monthly rent in the range of € 6.0 to € 7.0 per square meter. The luxury segment, by contrast, is not faced with much demand, Schmiedinger…

This article includes a total of 239 words.

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