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Austria: Wienerberger Alarmed About Shrinking Residential Building
Politics ♦
Published: June 12, 2013; 12:45 ♦ (Vindobona)

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Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.

Until 2014, the completion in Austria would sink to 37,000 accomodation units, which is a decline of 14 percent within three years, managing director of Wienerberger Christian Weinhapl explains. Like Weinhapl, CEO of Wienerberger Heimo Scheuch hopes for a reintroduction of an earmarking of house building subsidy. President of the construction union Josef Muchitsch said he hoped for…
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