Vienna Real Estate Market Hopelessly Overstrained?

Politics ♦ Published: April 23, 2014; 19:27 ♦ (Vindobona)

Real estate trustees in Vienna demand a limit to state-subsidized apartments and call for “unrestricted” rents.

Despite claims by the trade association of real estate trustees reforms are not expected in the residential law. / Picture: ©

According to the Vienna trade association of real estate trustees, 60 percent of state-subsidized apartments should suffice. Chairman Michael Pisecky demands a new rent law by which rents may be freely negotiated. According to the trade association, only an “unrestricted” rent allows investments in the creation of additional living space, growth on the eal estate market and the…