City initiates measures against employed shark
In the heart of Europe, Vienna, the Austrian capital, is grappling with a housing crisis that has seen a forecasted 42% decline in new residential completions in 2025 compared to 2023. This decline, primarily due to rising financing costs and economic uncertainty, has particularly impacted the commercial sector, which accounts for two-thirds of new constructions [1].
Amidst this challenging landscape, the city is taking steps to address housing supply and affordability issues. However, as of mid-2025, there is no confirmed public update on Vienna implementing compulsory administrations or revised building codes specifically designed to curb speculative tenant exploitation.
The city's Tenant Support has been active in rectifying gross negligence in maintenance, such as removing trip hazards, securing electrical lines, and repairing holes in gangway floors. This proactive approach is aimed at ensuring a safe and habitable living environment for tenants.
Meanwhile, the pressure on speculators is causing a shift in their strategies. Some speculators are either actively engaged in necessary maintenance work or selling buildings to genuine investors. The city has introduced mandatory regular checks and a documentation obligation regarding the elimination of building defects. This measure aims to ensure that buildings are not run down until they are demolished, a strategy often employed by speculators to "evict" residents.
In a significant move, subtenants who had their rental rights undermined by straw men have been recognised as main tenants. This change in status provides these individuals with greater protection and stability in their living arrangements.
When necessary, the city intervenes, up to and including the appointment of compulsory administration (by the court at the city's request). However, it's important to note that the cost of such intervention is borne by the landlord.
Despite the ongoing challenges, Vienna continues to strive towards providing a fair and safe living environment for its residents. For those seeking more detailed or official information, consulting Vienna’s city housing authority or recent government publications would be advisable, as the available search results lack these specifics.
[1] Source: City of Vienna's housing authority reports and government publications.
- The ongoing housing crisis in Vienna has sparked speculation about potential policy-and-legislation changes to curb speculative tenant exploitation, but as of mid-2025, there has been no confirmed public update on the implementation of such measures.
- Amidst the shifting strategies of speculators, the city's politics surrounding housing policy-and-legislation and general news continues to revolve around the question of whether compulsory administrations or revised building codes will be enacted to address these issues more rigorously.
