Currently, according to a survey, almost every second person considers housing costs a burden, and about a fifth as very heavy. It hits people who rent out their homes especially hard. Of them, 60 percent feel burdened by the rental costs. Tenants of social housing (73 percent) and people with lower incomes up to 2,000 euros gross (66 percent) feel this even more strongly.
According to the Integral survey of about 1,000 Austrians, the burden is experienced less strongly by people who own their own home (34 percent) or are older than 50 years (38 percent). More than a quarter of those surveyed spend between 30 and 50 percent of the household budget on housing. At 16 percent, the share of housing costs in the household budget now exceeds the 50 percent mark. In 2020 that was only twelve percent.
14.5 euros per square meter
The prices of rental apartments offered (net rent plus operating costs, excluding heating and electricity costs) rose by an average of 4.8 percent in 2022 compared to the previous year and currently amount to 14.5 euros per square meter, according to a data analysis by ImmoScout24. The analysis performed in March is based on 700,000 data points from the years 2021 and 2022 of the offer data published on ImmoScout24.at.
And rents threaten to rise even further, because the rent brake that is currently being discussed is still a long way off. If it doesn’t come, there will be an 8.6 percent increase in benchmark rents for old buildings on April 1.
Much more expensive in the west
Accordingly, the average rental apartment with 70 square meters costs about 1000 euros. In Tyrol, Vorarlberg and Salzburg, as well as in Vienna, up to 1150 euros are due for an average apartment. In Burgenland, tenants have to pay an average of 700 euros for 70 square meters, in Carinthia, Lower and Upper Austria and Styria, rents for this size rise to 850 euros.
Rents rose the most last year in Carinthia (plus 13.9 percent), in Burgenland (plus 9.8 percent) and in Lower Austria (plus 8.5 percent). However, at 10 to 12 euros per square meter, prices are still below the Austrian average. In Vienna, an average of 16.4 euros per square meter is requested, which means that prices will have increased by 5.5 percent in 2022. The price increase and square meter prices are similarly high at 16 euros per square meter in Tyrol, Vorarlberg and Salzburg.
Source: Krone
I am Wallace Jones, an experienced journalist. I specialize in writing for the world section of Today Times Live. With over a decade of experience, I have developed an eye for detail when it comes to reporting on local and global stories. My passion lies in uncovering the truth through my investigative skills and creating thought-provoking content that resonates with readers worldwide.
