The big energy providers have announced it and the costs for electricity, gas and heating oil are increasing massively. Inflation is also galloping away at the moment: many tenants are feeling the effects of this, with interest rate increases and additional payments for utility bills fluttering into their apartments.
Housing is a basic human need. Whether renting or owning, this basic need is increasingly turning into a luxury that can no longer be afforded or can hardly be afforded. The high proportion of social housing even has a price-lowering effect. The majority of Carinthians live in such a cooperative apartment. Operating costs and rental costs are increasingA look at the development of the rental price shows that the operating costs are the main price driver. For example, the average cold rent has risen from €3.54 per square meter in 2010 to €4.81 in 2020. However, the average operating costs per apartment rose by 16.7 euros during this period. And tenants will have to dig even deeper into their pockets in the future. The housing costs are already a significant part of the income of Carinthians. Tschamer: “In many cases, they already account for 50 percent of the income.” Incidentally, the state’s housing assistance offers support with renting. Great demand in the property sectorThe property market in Carinthia is also currently seething: whether building plots, homes or apartments, the demand is high and the offer in the so coveted central area and the so-called “Bacon belts” between Klagenfurt and Villach is very small. Because ownership is not only in demand as a residential domicile, but also as an investment. “The low level of interest in financing and in the savings account and the galloping inflation make real estate an interesting investment,” explains Paul Perkonig, WK specialist group chairman of real estate trustees and investment advisors drive up, but are not. Rather, many private individuals want to invest their savings securely and real estate offers a low risk compared to stocks or bonds. “The purchase of property as a pension provision or investment is only profitable, however, if the apartment is also rented out,” says Perkonig Knowing how high the vacancy rate in apartments actually is.”
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