1/3 of the housing stock in Vienna is social housing which belongs to and is managed by the city.
They offer low rents and therefore a large part of tenants dont compete on the private market, therefore pulling overall rents lower.
They offer low rents and therefore a large part of tenants dont compete on the private market, therefore pulling overall rents lower.
“”” This compares with London around 20%, paris 24% and NYC 9%
So yeah that makes a huge difference…