happen overnight, and the city’s housing supply is not randomly expandable. We are running into a brutal supply crisis with our eyes open, and that can only lead to rising prices (Business Management, semester one). No degree of regulation can stop the process, and the demand overhang will set its own course. In a single decade, the population growth in Vienna has come to match the size of Linz. All these people need housing, and the currently accessible free financing and subsidised residential construction is not nearly enough to solve the problem.
and based on my own conviction, I would say that the investment property market definitely has a potential. I think this is a good time to enter the market, but the requirement is a sufficient share of equity. When that is the case, attractive business models are available. We should also not be deterred by the andisputable fact that our world and economic development have become more insecure. Something will always happen. But with an investment property, you can be fairly well prepared.
made breathtaking jumps upward while investment property prices have fallen by up to 50 per cent. In this situation, nothing is more obvious than offsetting the lack of new construction in existing properties, at least to a certain extent. Investors can make good money that way. I wouldn’t be hesitant to advise someone to purchase an investment property today. Bernd Winter: The market has always moved in cycles. Even when times have become more volatile, the mechanism has never stopped. These cycles also have real economic reasons. Closing the housing gap is not something that can
Franz Pöltl: To summarise these opinions
People in conversation
Markus Fellner Partner, Fellner, Wratzfeld & Partner Rechtsanwälte
Franz Pöltl Managing Partner EHL Investment Consulting
Gabriele Schiemer Head of Risk Management, Sparkasse NÖ Mitte West
Bernd Winter Partner, Geschäftsführer
Competence Center Real Estate der BDO
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