The social housing secret: how Vienna became the world’s most livable city
The social housing secret: how Vienna became the world’s most livable city
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In the Austrian capital, renters pay a third of what their counterparts do in London, Paris or Dublin. How is it possible?
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Part of the reason Schranz’s apartment is so affordable is simple: it’s owned by the city. In Vienna, that is (almost) the norm. The landlord of approximately 220,000 socially rented apartments, it is the largest home-owning city in Europe (in London, which has more than 800,000 socially rented apartments, they are owned by the local councils)