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Vienna Reacts to Predicted Housing Shortage

Published: March 17, 2011; 10:00 · (Vindobona)

Union and construction industry welcome the "housing offensive" of the city government.

Vienna Reacts to Predicted Housing Shortage / Picture: © www.aspern-seestadt.at

Already in 2010, Austria was short of 13,000 homes. Only 37,000 new housing units were built. The average annual demand, according to experts, is however 50,000 new homes. The 7,500 apartments planned by the City of Vienna for the next 2 years will be supported by a privately financed segment between the essential subsidized and the existing independent financed housing construction…

This article includes a total of 223 words.

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