VAV: Corona changes assessment of home finance feasibility | AssCompact


 The  survey results reflect the development of real estate prices in Austria. ©

 The  economic uncertainty caused by Corona is currently hitting a stable real estate market, making the biggest financial investment of life difficult, ”says Sven Rabe, CEO of VAV.

40% of those surveyed for the current housing barometer consider home ownership to be achievable only with high restrictions. 22% see real estate as unaffordable. ©

 The  previous year’s figures were 37 and 22%, respectively. Basically, people who already live in property consider it easier to finance than tenants. 47% of the owners (previous year: 54%) agree with the statements of easy financing with consistent savings. For tenants it is only 25% (previous year 23%.)

Influence of the pandemic

In exactly half of the test subjects, the Covid pandemic changed the assessment of financial feasibility. 6% of owners and 2% of tenants consider home ownership to be easier to finance than before the pandemic. 46% consider financing to be more difficult. Here owners and tenants agree.

At the same time, at 9%, significantly fewer people are currently planning a specific move than in the previous year’s survey, which shows 15%. Younger people are still more in favor of moving than older people, and tenants want to change more often than people who live in their own homes. Compared to the previous year’s survey for the VAV’s residential barometer, there has been a shift from specific relocation plans to rather uncertain projects. This is likely to be attributable to economic uncertainty and uncertainties about the further course and effects of the pandemic.

It is also noticeable that a high proportion of 16% of those people who work in the home office intend to move. With 22% this is possible, but not yet certain.


 The  change in the world of work will also have a lasting impact on the private sphere. ©

 The  demand for suitable and affordable living space will exceed the supply for the foreseeable future, ”explains Sven Rabe

Of those willing to move, 8% cite the desire for a better suitability of the next domicile as a home office as a motive. More green and a quieter environment are in the foreground with 39% of the responses. 32% would like a terrace or balcony and 28% a garden.

Longer ways to work

Logically, those who are willing to move assume that the way to work will be longer in the future. This result coincides with the desire for more greenery and tranquility, and it is partly reflected in this year’s study. Here, 15% (after 13% in the previous year) state that they travel up to 15 kilometers to work, 14% (after 12%) drive up to 20 kilometers, 8% (after 6%) cover up to 50 kilometers and 3% (after 2%) more than 50 kilometers. “©

 The  possibility of using home office and the announced legal framework conditions will further promote this trend. ©

 The  disadvantages of long journeys to work are becoming less important and moving to the outskirts of the cities is becoming more attractive, ”says Sven Rabe.

About the study


 The  Austrian Gallup Institute interviewed 1,000 test persons from all over Austria for the study “Housing Barometer of the VAV”. ©

 The  survey period was December 2020. ©

 The  results are available on the onhraumbarotmeter internet domain.

Photo above: Sven Rabe, CEO of VAV

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VAV Corona assessment home finance feasibility AssCompact


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