First step in the right direction
Vienna (OTS) – On the occasion of the federal government’s construction offensive announced on February 27, 2024, to invest one billion euros in residential construction, s REAL Immobilien sees a step in the right direction to counteract the impending housing shortage. s REAL Managing Director Martina Hirsch comments on the federal government’s construction offensive as follows:
“Due to the decline in building permits, a shortage of living space on the Austrian real estate market is foreseeable. With the investments in living space that have now been communicated, we see a step in the right direction.”
so Hirsch.
Last year was marked by a significant decline in demand for property. This was mainly due to high inflation, economic uncertainties and stricter credit conditions due to the KIM regulation. Financial relief from the federal government when creating property is a step that should not be underestimated. It is also planned to eliminate the land register and deposit registration fees.
“The additional purchase costs represent a significant factor when creating property. These savings will have a positive effect on the total financing amount.”
so Hirsch.
At 48 percent, the ownership rate in Austria is low compared to Europe. We know from the 2023 housing study, in collaboration with Erste Bank and Sparkasse, that the creation of property is a great desire of Austrians. Property means retirement security and provisions. s REAL therefore supports measures that have a positive effect on the ownership rate.
Images: Reproduction free of charge, photo reference
Foto 1: Martina Hirsch, Studio Huger © s Real
About s REAL Immobilien
s REAL Immobilien was founded at the end of 1979 and has since specialized in supporting people with all questions relating to real estate. s REAL is a subsidiary of Erste Bank and Sparkassen. This means that the real estate company has an extensive network of specialists throughout Austria, as well as broad know-how for all types of real estate investments and financing. s REAL positions itself as a hybrid – i.e. analogue and digital – real estate agent.
Questions & Contact:
Philip Haberl, BA, s REAL Immobilienvmietung GmbH, press and public relations,
Tel. +43 (0)5 0100 – 26252, email: philip.haberl@sreal.at
Mag. Martin Aschauer, Himmelhoch GmbH – text, PR and event,
Tel. +43 (0) 676 3501889, email: martin.aschauer@himmelhoch.at