Many old pawn rents will go up again in April. With an estimated 8.6 percent – the reason is the automatic inflation correction. Some therefore demand that rents are only increased by the policy rate or construction costs. But that would be a shame, says Jan Kluge of Agenda Austria.
“At the moment it would be cheaper, but if you count the time from 2015, construction prices have always risen faster than inflation. All in all, the residents would have had to pay 2 to 3 months more rent.’ .
Better regulation and high penalties demanded
The planned ordering principle for leases continues to cause controversy. The tenants’ association advocates better regulation and high fines if estate agents break the law. The brokers believe that everything is arranged in a tenant-friendly manner.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
