Apartment Available - But No One Rents? This is Behind the Dilemma
Living space in Austria's cities is scarce – and expensive. To counteract this, politics increasingly intervenes in private rental agreements. However, a recent survey by Immobilien-Rendite AG, conducted by Integral, shows: The willingness to actually rent out private living space does not increase as a result.
Fear of Damages and Legal Hurdles
Indeed, 64 percent of respondents say they would rent out their second home – but only hypothetically. Many do not even own such a property. And even among those who do, worries and uncertainties prevail.
The biggest obstacle: 61 percent of rental skeptics fear that tenants could damage their apartment. 51 percent are afraid they won't be able to get rid of the tenants if they need the property themselves again. 11 percent are concerned about retroactive changes in tenancy law.
For people with an actual second residence, the situation is not better: Only 29 percent of the surveyed owners currently rent out. Here too, concerns about damage (31 percent), legal uncertainties (15 percent), and possible legal changes (7 percent) are at the top of the list. At least: Around half of the skeptics would rent out – if these hurdles were removed.
Property Most Common in Vienna
22 percent of respondents currently own a second residence – either in the form of a second apartment (12 percent) or a weekend house (11 percent). The proportion is particularly high in Vienna (29 percent), and lowest in Upper Austria, where 85 percent do not own a second residence.
Rent Price Indexation Divides Opinions
Opinions also differ on the issue of rent indexation. 41 percent support an adjustment to inflation – especially men (49 percent). They cite reasons such as fair cost coverage for landlords, necessary investments in energy efficiency, and the general price development.
However, 59 percent oppose indexation. Particularly women (67 percent) see it as an additional burden in already expensive times. 51 percent believe that housing is already too costly.
(Red)
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