On average, many Viennese have to budget about 500 euros more for rent this year. And this inflation is homemade. Poor people pay extra.
The federal government has been discussing rent control for weeks. The result was a one-time payment, just a drop on the hot concrete. That is why the standard rents are now being increased by 8.6 percent and the category rents will also be increased by five percent in the foreseeable future. On average, everyone who pays the standard rent has to pay about 500 euros more each year. In Vienna, 38 percent of all apartments or about 350,000 households are affected. And if inflation continues like this, there is a risk of another 11% price jump in two years.
The regional problem of Vienna
Will Finance Minister Magnus Brunner (ÖVP) cause sleepless nights? After all, this is mainly a regional (Vienna) problem. “These are mostly apartments in the center of Vienna and within the belt. In rural areas and in the federal states, this is hardly a problem,” he told the “Upper Austrian News” in March. But this calculation is wrong.
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.
