€ 2.7bn Profits Due to Rededications

Politics ♦ Published: October 10, 2011; 19:41 ♦ (Vindobona)

According to a new study by Kreutzer, Fischer & Partner, 280km2 of agricultural area were rededicated into building area from 2007-2011. Yearly profits therefrom amount to € 2.7bn.

€ 2.7bn Profits Due to Rededications / Picture: © Vindobona.org

In Austria, 56km2 of agricultural area are being rededicated year by year. This is a substantial decrease by 30%, compared to the years 1999–2004. However, demand for building areas is still seen as high. The reason for the decrease in rededication is the lower building activity in Austria, but also the increased use of reserve land.

Nevertheless, profits from…