The new rental ceiling, which will be determined in the plenary meeting on Friday, only applies to a small group. Tenants of new construction continue to struggle with sharply rising housing costs. This concerns approximately 425,000 contracts that are indexed and payable without an upper limit.
Between 2022 and 2026, costs on the free market will rise by 29 percent, according to calculations by the Chamber of Labor based on the Wifo inflation forecast. Since 2008, they have already increased by 57 percent. “The rental brake comes too late and is too little – because the largest rent increases already took place in 2022 and 2023,” complains AK president Renate Anderl. From 2020, a retroactive rent ceiling will therefore be required.
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.
