Decrease in Construction of Subsidized Rental Apartments

While significantly fewer subsidized rental apartments were built in the second quarter, privately financed rental apartments increased by 24 percent compared to the first quarter. In the ownership sector, completions decreased by eight percent.

Real Estate Industry Expects Stable Development in 2026

Industry representatives are somewhat optimistic about the future. "2026 is likely to bring stability in nationwide completions, and from 2027, positive trends could actually materialize - especially since the pipeline is well-filled again with currently around 2,500 newly announced projects," said WKÖ industry association chairman Roman Oberndorfer. The current situation certainly shows a "faint light at the end of the long tunnel." Although utilization figures in Austria are still below the level of 2021, since mid-2023, there has been an upward trend in real estate transactions - albeit with slight fluctuations.

(APA/Red)

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