can share the reception infrastructure and patients benefit from the close proximity of different services. We have also recently seen an increase in customers looking for properties that are suitable for assisted living. This is certainly not easy but, given demographic develop- ments, will be a rapidly growing segment. What are the alternatives for investment properties when the structure or location are only suitable for housing? Peham: When we decide on, or are limited to, housing as the only use for a property, yields are restricted by the benchmark rent system.
properties that require improvement are also attractive for construction syndicates that previously focused on new construction. These companies can cover a larger part of the adaptation costs in existing buildings internally through their own services, and the syndicate members are generally looking for urban locations. In view of the ecological standards which often have high priority for construction companies, a new use for an existing property is also clearly preferable because there is no additional ground sealing and resource consumption is lower than with new construction.
The separation and sale of individual apartments is, without a doubt, a logical but not the only alternative to conventional rental.
As long as apartments with a maximum of 130 sqm are involved, there is no alternative. The separation and sale of individual units is, undoubtedly, a logical but not the only alter- native to conventional renting.
The value-creating innovation here is not structural modification but new usage strategies. We have recently been looking for invest- ment properties in attractive locations that are suitable for a family with several households – children, grandchildren or close relatives – who want to purchase, adapt and use the building together. This is a very exciting idea and, especially because the prices for entire buildings and individual apartments are so different, it has a distinctive economic logic for the buyer. This model can also be very interesting for investment properties. On the one hand, there are enough ethnic communities which place great value on the extended family and need a large number of residen- tial units. On the other hand, investment
I don’t want to say is that alternative uses are a cure-all. However, there are definitely more possibilities than rental at benchmark prices or separation and sale. It’s a good idea to evaluate other options and when a company like EHL is professionally involved with investment properties on a daily basis, there are always new ideas and concepts to better use the available economic opportunities.
Vienna | 2025
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