Graz
Graz

Graz

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Population (AI)

283,000

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Last edited
Sep 30, 2024 6:49 PM
Category
Local programs

Housing Market

The city of Graz in Europe is experiencing a housing crisis characterized by a shortage of affordable accommodations and rising rents. Approximately 30% of EU residents are renters, with a significant portion residing in overcrowded conditions. In Graz, the situation is exacerbated by a high demand for housing, partly driven by the city's desirability and socio-economic factors. The city is addressing this issue through various measures, including housing allowances, social rental housing, and rent regulations. Social housing constitutes a significant portion of the total housing stock, with Austria having one of the largest social housing sectors in the EU. The city is also focusing on increasing the supply of new homes, with Austria showing high yearly rates of new housing completions. Efforts to support affordable housing include advocating for a new housing paradigm, supporting the fair energy transition, and addressing the root causes of housing exclusion. These initiatives aim to ensure decent and affordable housing for all residents, emphasizing public, cooperative, social, and community-led housing as the foundation of the national housing system.

Further Actors?

Cooperatives

Housing cooperatives in Graz, Austria, play a significant role in providing affordable and community-driven housing solutions. These cooperatives are influenced by the local institutional context, which shapes their configuration and effectiveness. In Graz, housing cooperatives contribute to the housing market by offering affordable housing options, particularly for lower and middle-income households. They also promote social equality and community involvement through democratic governance. The market share of housing cooperatives in Graz is substantial, reflecting the broader trend in Austria where cooperatives are a notable part of the housing sector. While specific data on the market share in Graz is not provided, it is known that housing cooperatives in Austria generally serve a significant portion of the population. In recent years, new housing cooperatives have emerged in Graz, driven by the need for affordable housing and the support from local institutions. The city promotes cooperative housing through supportive legal and financial frameworks, which facilitate the establishment and operation of these cooperatives. Graz also supports housing cooperatives with new projects, such as public land concessions and innovative financing models, to ensure the continued availability of affordable housing options.