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Austria: Housing Becomes More Expensive
Over the last decades, housing costs were up significantly. For the next government, the issue will be crucial.
Austria: Housing Becomes More Expensive / Picture: © Vindobona.org
In 1976, Austrians spent 11.7% of their disposable income for housing purposes. In the last 37 years, the share has almost doubled. At the moment, housing costs reach 22% of the disposable income. Nevertheless, Austria is still below the EU average. In the EU, people spend 24% of their disposable income for housing purposes.
Above all, residential property prices in bigger…
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