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Tenants Out - Profits up: Prices for Wilhelminian-Era Houses Have Risen by over 500% Since 2000
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In Vienna, a quarter of the old apartment buildings have been sold since 2000, many of them multiple times. A new study by the Chamber of Labor shows how commercial investors are increasingly dominating the market for Wilhelminian-era buildings. Prices have exploded: by over 500 percent in just 22 years. The focus is increasingly on quick profits. Long-standing tenants are seen as an obstacle. [...] The article Tenants out – Profits up: Prices f…
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