With a construction volume of 184 million euros, the settlement cooperative Oberwart is at the top of the non-profit construction associations in Austria. Despite difficult circumstances, investments will continue in the coming year. The plan also includes apartments with a price per square meter of 6.50 euros.
Exploding construction costs, irrational energy costs and skyrocketing interest rates: 2023 was the most difficult financial year yet for Burgenland’s largest housing developer, the Oberwartersiedlungsgenossenschaft (OSG). However, for the 2022 financial year, the construction volume is a record 184 million euros. “Many order backlogs will not be reflected in turnover until 2023. However, we have noticed a large decrease in the number of orders placed.
Source: Krone
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