The housing market in nearly every European country is characterised by a supply-side crisis. But not Austria’s.
While locals say it is by no means perfect – for example, it isn’t easy for young families to get a mortgage in the capital, Vienna – affordable rents are in abundance.As such, the country’s average rent was just €467.50 in the second quarter of this year, according to the Federal Statistical Office.
This is made possible by Vienna’s 220,000 city-owned flats and 200,000 subsidised flats. Eligibility criteria is based on relatively high income thresholds, so around 80pc of all Austrian households can live in them.
There is also an abundance of housing, which is paying off now that construction costs have shot up and house building is no longer as easy as it once was.
Outside of Vienna, Austria is home to the highest rate of self-builds of any European country.
Well, the 70% of self build does not mean “build with my own hands”, it means individually planned by an architect, build from bricks or wood according to a plan, neighbour house looks completely different, different tiles, window ….
The other 30% of homes are typically either row houses to areas where 10+ houses almost identical homes are build, deviations in the inner layout etc but they all have fundamentally the same outer layout.
So yes, this is common in Austria and also in Germany. UK us more one the other edge the “patterned” houses, row houses.
Interesting stat.
I assume someone who has self-built there house is also far more likely to stay in that house for a long time. The low rate in the UK might indicate that people are less attached to their home and more inclined to “flip” their house to make a profit when an opportunity comes up.
Self-building one’s home in Italy is a bureaucratic nightmare no one is willing to face. Custom-building is instead rather common, at leas in smaller towns and rural areas.
“whole europe”
You can see it when you drive around the countryside: so many hideous houses scattered around an otherwise beautiful country. Their regulations must be almost nonexistent…
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The housing market in nearly every European country is characterised by a supply-side crisis. But not Austria’s.
While locals say it is by no means perfect – for example, it isn’t easy for young families to get a mortgage in the capital, Vienna – affordable rents are in abundance.As such, the country’s average rent was just €467.50 in the second quarter of this year, according to the Federal Statistical Office.
This is made possible by Vienna’s 220,000 city-owned flats and 200,000 subsidised flats. Eligibility criteria is based on relatively high income thresholds, so around 80pc of all Austrian households can live in them.
There is also an abundance of housing, which is paying off now that construction costs have shot up and house building is no longer as easy as it once was.
Outside of Vienna, Austria is home to the highest rate of self-builds of any European country.
***We dive further into the data here:*** [***https://www.telegraph.co.uk/money/property/buying-selling/what-uk-learn-austria-booming-housing-market/***](https://www.telegraph.co.uk/money/property/buying-selling/what-uk-learn-austria-booming-housing-market/)
Lot of Bosnians around /s
I wonder how many of them have basements.
Well, the 70% of self build does not mean “build with my own hands”, it means individually planned by an architect, build from bricks or wood according to a plan, neighbour house looks completely different, different tiles, window ….
The other 30% of homes are typically either row houses to areas where 10+ houses almost identical homes are build, deviations in the inner layout etc but they all have fundamentally the same outer layout.
So yes, this is common in Austria and also in Germany. UK us more one the other edge the “patterned” houses, row houses.
Interesting stat.
I assume someone who has self-built there house is also far more likely to stay in that house for a long time. The low rate in the UK might indicate that people are less attached to their home and more inclined to “flip” their house to make a profit when an opportunity comes up.
Self-building one’s home in Italy is a bureaucratic nightmare no one is willing to face. Custom-building is instead rather common, at leas in smaller towns and rural areas.
“whole europe”
You can see it when you drive around the countryside: so many hideous houses scattered around an otherwise beautiful country. Their regulations must be almost nonexistent…