Despite Migration: Housing Construction in Austria Stagnates

Kronen Zeitung

Right

Factuality

Ownership

"From a recovery or increase, we are still a long way from the third year in a row," explains Georg Bursik, head of the building materials manufacturer Baumit. The construction industry is "schi**en, still" . The construction crisis affects not only Austria, but "Germany is even worse", says Bursik, who is responsible for both markets at Baumit. "Austria has the problem that it is not built at all, even though we have access to it. "The new buil…

vienna.at

Salzburger Nachrichten

View article

Reposted by

Salzburger Nachrichten

Factuality

Ownership

Residential construction isn't making any progress. "For the third year in a row, we're still a long way from a recovery or increase," Georg Bursik, Austria's head of the building materials manufacturer Baumit, told APA. The construction industry is "still terrible," the industry expert bluntly described the situation. Furthermore, government subsidies for thermal insulation and boiler replacement—an important stimulus for the renovation sector—…