A news study has revealed that people renting apartments in old buildings in the Austrian capital paid 21 million Euro too much for their apartments in 2011.
This is the result of a new study by the Austrian Chamber of Labour who analyzed Statistic Austria data.
The reason is thought to be incorrect increases of the rent.
Gabriele Zgubic, Manager of AK Cunsumer Policy said: “Private rent in old apartments are a lot more expensive than is allowed as the benchmark rent value system does not work.”
The AK study shows that those who took a well-equipped fixed term private apartment in a Vienna old building (category A) with 60 square metres in 2011, is paying on average 1,610 Euros too much in rent per year.