Contrast this to London, where, especially in the years following former Prime Minister Liz Truss’s mini-budget, interest rates soared. Even in 2026, developers can usually expect to pay up to 12 per cent when borrowing. This issue has often been raised by both the Mayor of London and Mr Copley when defending their housebuilding record. As a result, many residents of Vienna actively choose to rent due to reasonable rates and a sense of stability.
