All over Europe there is discussion about bringing back military service by conscription. Is there conscription in Austria?…simply yes, but there are choices. The compulsory alternative community service was introduced under the Kreisky II cabinet in 1975 due to pressure by pacifist groups. The military was pleased by the development, because it led to fewer […]
Rent or Buy. Due to the enormous increase in interest rates since mid-2022, it is currently better to rent than to buy in Austria’s largest cities. The first interest rate cut by the European Central Bank (ECB) in eight years is finally expected on Thursday. Previously, after a long period of zero interest rates from […]
Fewer new apartments: “The supply won’t be large for much longer” Fewer homes will be built in the coming years – this is prompting the real estate industry, which fears a supply gap. The construction cranes that have been turning in many conurbations in recent years have slowed down quite a bit. Less is being […]
Two year exemption on property registration fees With the new government exemption, Property buyers can save up to €11,500 euros on land register and lien registration fees. The property value limit for the exemption is up to €500.000, This is a very good inducement for first time buyers particularly to get on the property ladder. […]
The property market collapsed in 2023 Austria Apartments prices fall. Significantly fewer apartments were sold across Austria in the previous year. Prices also fell overall, in Vienna by 5.6 percent. After years of boom, the wind has changed on the housing market due to higher interest rates and stricter lending rules. This is also reflected […]
Neos demand no to an Austria “Exit” The British have done it. The Austrians could do it too. At least in theory. By leaving the EU. At least there is one person who would like to, according to a recent survey: FPÖ leader Herbert Kickl. The Neos want all parties to commit to not holding […]
Austria has the second-highest part-time employment rate in the EU. The labour force participation of older people is below the EU average. Austria’s labour market is confronted with several structural challenges: The population is growing, especially among the over-65s, while the number of people in employment is stagnating. At the same time, the labour force […]
Why is the cable car industry is lagging behind in the expansion of wind power? At the foot of the Speikkogel, at 1,710 meters above sea level, there is a real rarity: a wind turbine with a hub height of 65 meters. Since 2011, it has been supplying renewable energy for lifts, lighting and huts […]
EU Parliament in favor of stricter rules for short-term landlords on Airbnb and other platforms. In future, landlords advertising on online platforms such as Airbnb will have to provide data on how often and which accommodation they rent out by means of a registration number. Strasbourg – The EU Parliament voted in Strasbourg on Thursday. […]
Is this the future for houses? As land In Austria becomes less available! More storage space, less technology: where the trend in tiny houses could be heading. In view of high property prices, some people are thinking twice about buying a house. Some see a tiny house as an alternative. This form of living is […]
