Rents in Austria keep rising
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Housing in Austria costs a lot of money. The prices went up in the first 3 months. A flat costs 10.5 Euro per square meter. This price includes the operating costs. The price is higher than one year ago. The costs grew by 4.8 percent.
A normal flat costs 695.1 Euro every month. Before it cost 663.8 Euro. The net rent is now much higher. The operating costs only went up a little. Private flats are the most expensive. A square meter costs 12.5 Euro there. Public flats are cheaper at 8.5 Euro.
Many people have trouble with these high prices. The Momentum Institute is worried. Many tenants are very poor. The institute wants a rent price cap. This rule shall stop the rising prices. Flats shall be cheap for everyone.
A normal flat costs 695.1 Euro every month. Before it cost 663.8 Euro. The net rent is now much higher. The operating costs only went up a little. Private flats are the most expensive. A square meter costs 12.5 Euro there. Public flats are cheaper at 8.5 Euro.
Many people have trouble with these high prices. The Momentum Institute is worried. Many tenants are very poor. The institute wants a rent price cap. This rule shall stop the rising prices. Flats shall be cheap for everyone.
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Definitions
- Operating costs
- These are extra costs for a flat. For example water or trash collection.
- Net rent
- This is the money only for the rooms. It does not include water or trash.
- Rent price cap
- This is a law. It limits the maximum price for rent.
- Quarter
- A year has 12 months. A quarter is a period of 3 months.
Locations
- Austria
- A country in Europe.
Sources
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