Austria: Increasing Demand in Flats

Politics ♦ Published: March 18, 2013; 20:37 ♦ (Vindobona)

Half of the required flats in Austria are missed in Vienna. Experts have long forcasted the growing need in newly constructed buildings particularly in the city centers.

Austria: Increasing Demand in Flats / Picture: ©

According to experts the gap between supply and demand can only be filled with the further contruction of buildings and additional funding. The reasons for the increasing demand are the rising life expectation and the change of requirements of accomodation. For years, the average living space per capita has been increasing steadily. A raise in residental building support…