Salzburg

Country

🇦🇹Austria

Population

155,031

Renting

48%

3 Things...

1. Mozart's Birthplace: Salzburg is famous as the birthplace of Wolfgang Amadeus Mozart, one of the most influential composers in Western music history. His childhood home is now a museum that attracts music lovers from around the world. 2. A UNESCO World Heritage Site: The city's historic center is recognized as a UNESCO World Heritage Site due to its well-preserved baroque architecture and rich cultural heritage, making it a popular destination for tourists interested in history and architecture. 3. Festival City: Salzburg hosts numerous cultural festivals throughout the year, the most renowned being the Salzburg Festival, which is one of the most prestigious music and drama festivals in the world, attracting artists and audiences from across the globe.

Organisations

b_solution

Inspiring Projects

Wir inHAUSer

Unlisted Orgs

Population (AI)

155,031

Enrich by AI!

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.

Further Actors?

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.