Property too expensive
The renewed desire to buy to rent
Because the demand for property on the housing market has completely collapsed, housing cooperatives are now focusing on other models again. Buying to rent is making a comeback after years. However, the crisis on the housing market is also an opportunity for the non-profit sector, as research by the "Krone" shows.
Rising construction costs, stricter credit rules (keyword KIM regulation) and general inflation have also had a major impact on housing in Upper Austria. "The demand for property has deteriorated significantly," says Bernhard Baier, one of the managing directors of the non-profit OÖ. Wohnbau. That's why the company has reacted by pulling a model out of the hat that was all the rage around 15 to 20 years ago: buying to rent.
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