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Shortages in Austrian Real Estate Market
The Austrian real estate association (ÖVI) warns of a low building activity. There is a lack of more than 10,000 new housing units per year, ÖVI argued.
Shortages in Austrian Real Estate Market / Picture: © Vindobona.org
According to Udo Weinberger, chairman of ÖVI, the Austrian real estate market sends wrong incentive signals. The building activity is too low, Weinberger stated. In order to meet the rising demand for living space, additional 10,000 units should be built per years. Otherwise the shortage will become a real social problem, Weinberger indicated.
Weinberger stressed that…
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