Non-profits concerned – housing is becoming more expensive: “2024 avalanche rolls over us”

The non-profit property developers of Tyrol (GBV) are looking to the coming years with worried eyes: the operating costs for tenants will rise, and there is also the threat of a supply bottleneck!

For tenants in municipal or city apartments, this means: It will be (even) more expensive. “In 2024, the costs will hit dramatically,” said deputy chairman Markus Lechleitner at a press conference in Innsbruck. Operating costs will continue to rise. Although the balance sheet could still be positive in 2022 with 1035 completed apartments and an invested volume of over 300 million euros, the prospect for the future is extremely uncertain, as Chairman Franz Mariacher emphasized. On the one hand, the loans are becoming more expensive, on the other hand the construction costs are increasing rise. All of this leads to a massive increase in costs. “In 2024 an avalanche will roll over us,” they emphasize the dramatic prospects. The proportion of subsidies has also gradually shrunk. Ongoing talks with the housing council “The 20 years that lie behind us are better than the 20 years that lie ahead,” reports the GBV. Nevertheless, there are “a few screws that need to be turned,” as Lechleitner emphasized. The state of Tyrol must raise reasonable construction costs, Mariacher demanded. In addition, it is important to increase the promotional loans. Despite demand, no specific figures were released, but the LHStv was already in contact with the housing council. Georg Dornauer from the SPÖ in talks. The industry is suffering from high prices on the market And where is the glimmer of hope in all the bleak living prospects? In 2023, this year’s positive balance could even be increased and 1350 apartments could be handed over. But that’s where the rosy prospects end, because there could already be a bottleneck in 2024. “Our industry is suffering particularly from the currently high prices on the market. If the situation does not ease, we will be heading for a real supply gap in the next few years,” warns Mariacher.
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