>So you know many Austrians your age that live in inherited homes?Not directly, but in various forms yes, the young can only afford to buy property if helped out with funds from their wealthy parents . It's not directly inheriting, but it's still generational wealth transfer. My ex, her parents bought her an apartment in the city center when she moved to study (not Viena, another big city). When I went to a house visit to see who can afford to pay 700k on a run down old house, it was moistly Zoomers with wealthy parents there to purchase a nest egg for their kids.
And the whole new vs old contract situation is again a generational wealth transfer. Those long ion the market sitting on cheap old contracts are swinging the balance the other direction for those new on the market who must pay exorbitant prices if they enter the market now.
Renting and being dependent on a landlord your whole life is also not ideal, especially if you didn't luck out to get locked into an older rent controlled contract at a good price, which is putting pressure on people wanting to move to a bigger palce and start families. Move to Vienna now and check out the rent prices.
>The same is true in Berlin, those that can live in an inherited home are a tiny minority.
Because Berlin demographics are mostly foreigners, but Germany is a lot bigger than Belrin, and housing there, like in Austria revolves around getting funded by the mom and dad to get intot he market.