Salzburg
Salzburg

Salzburg

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Population (AI)

155,031

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

Housing Market

The housing market in Salzburg, Austria, is characterized by a robust demand for residential properties, driven by the city's cultural and historical appeal, economic stability, and population growth. The market has shown resilience during economic downturns and significant growth during prosperous times. Historically, the highest growth in real estate prices has been observed in luxury residences and historic properties, particularly those in the city center or with views of the Salzach River. Salzburg faces a housing crisis, with high property prices and limited availability of affordable housing. The city's housing market is tough, with most people having to rent. The average rent for a two-room apartment is around €1,000 per month, including utilities. This has led to a preference for shared apartments (WGs) among students and young professionals to save costs. To address the housing crisis, Salzburg focuses on building affordable housing. The city supports the development of cooperative housing, where residents are partial shareholders, which has traditionally been more affordable than owner-occupied housing. Additionally, there is an increasing demand for eco-friendly homes and properties with green features, aligning with the city's cultural value on sustainable living.

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Cooperatives

In the city of Salzburg, housing cooperatives play a significant role in providing affordable and sustainable housing solutions. The market share of housing cooperatives in Salzburg is substantial, with notable cooperatives such as GSWB - Gemeinnützige Salzburger Wohnbaug.m.b.H. and Salzburg Wohnbau GmbH contributing to the housing stock. Recent years have seen the emergence of new housing cooperatives in Salzburg, reflecting a growing interest in cooperative housing models. The city promotes cooperative housing through various initiatives, including public land concessions and joint ventures with local cooperatives. For instance, Salzburg Wohnbau GmbH, a group of cooperatives and capital companies, has been involved in several new housing projects aimed at increasing affordable housing options. The city supports housing cooperatives by providing favorable conditions for their development, such as long-term public land concessions and financial incentives. These measures are designed to encourage the growth of cooperative housing, which is seen as a vital component of Salzburg's housing strategy, particularly for low- and middle-income households.