Difficulty in finding shelter, construction of rental flats stalled

Apartment hunters report that rental apartments are scarce in the housing market. Those who have already found one won't be leaving anytime soon.

Salzkammergut is using its time as one of the capitals of culture in 2024 to combat seasonal vacancies and the loss of green spaces in the countryside. An important topic that is brought into focus through many events, installations and discussions. Many city center properties are empty as new buildings are built on the outskirts – solutions are currently being sought.

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In cities the topic is different now. For example, there is currently a shortage of rental apartments in Vienna, and apartment seekers might have a thing or two to say about that. In any case, you need a lot of patience to find the right one And Find affordable property to rent. Lack of alternatives in the market has resulted in volatility in the rental housing market.

One reason for this growth can be found in the construction industry. Property developers are putting off construction of newly planned rental projects as they are not economically viable at present. This results in reduced saturation – and this can impact the market. It will be interesting to see how politics react to this in the long run.

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