Austrians Are Very Satisfied with the Housing Situation
5 Articles
5 Articles
Our citizens appreciate their housing situation. We are a country of tenants – according to the Germans, the Alpine Republic has the highest rent rate in all of Europe. And there are other construction sites ... In Austria, there are 4.16 million main residences, of which 48 percent are owned. On average, 2.17 people live in a 102 square meter apartment with 3.9 living spaces. The rent rate is the second highest in Europe, with 46 percent behind…
Statistics Austria sees several construction sites on the real estate market. One of them is rental prices: the galloping inflation of it.
Satisfaction with the housing situation has hardly changed in Austria over the past ten years. The average of housing satisfaction in the previous year was 8.1 on a scale from zero (not at all satisfied) to ten (completely satisfied), as the survey "Living in 2024" presented on Friday by Statistik Austria shows. What is surprising is that rents have recently risen many years above inflation.
Despite rents that rise more than inflation, and rising purchase prices, most see their housing situation as positive.
8.1 out of 10 possible points: Despite "many construction sites", the Austrians are highly satisfied with their housing situation. And: What the relationship between rent and property looks like.
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