Inflation – signs point to rent caps

2023-08-29 18:06:57

Immediately before the special session of the National Council on inflation requested by the SPÖ and FPÖ, the governing parties apparently agreed on a package of measures. The negotiations are in the final stages, according to government circles on the APA on Tuesday evening. Among other things, a rent cap for the next three years is under discussion, which should limit the increase in rents to a maximum of five percent. In addition, massive rent increases should be prevented in the future.

In the coming year, rent increases of up to 15 percent would be in the room, they wanted to prevent that, it said. In addition, a model was developed over the summer that is intended to prevent peaks in rental prices in the long term. “As a state, we will intervene quickly when it comes to rents, they are rising too high,” said Chancellor Karl Nehammer (ÖVP) according to the advance notice in the oe24.tv summer talk. The aim is to prevent the impending high increases in rents, for which there should be incentives for owners, for example in the case of thermal renovation. However, this is still the subject of negotiations with the Green coalition partner. “Ownership must be promoted, that is our goal. Purchase rent is a model that we want to develop so that property remains affordable,” says Nehammer.

In addition to the SPÖ and FPÖ, trade unions and the Chamber of Labor have long been vehemently calling for measures to slow down rent increases fueled by inflation. Most recently, there was an intensive debate in spring when it came to preventing significantly higher benchmark rents in old buildings. However, the government was unable to agree on a solution at the time.

In addition to a rent cap, the program now being developed by the government is also to cover the topics of random profits and fees, and it is to be presented by the government leadership tomorrow, Wednesday.

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