GBV number of the month of March

48,000 apartments are rented each year by non-profit developers.

Vienna (OTS) – Approximately 48,000 housing units from the inventory of the non-profit housing Associations (GBV) are rented each year. Thus, the re-letting rate is around 8%. Although the non-profit flats almost exclusively on open-ended contracts, changes in the living situation. This results in a satisfactory result at the end of fluctuation in GBV-rental housing.

The 185 non-profit housing Associations are companies, the apartments for wide circles of the population. They do this not in a profit-maximizing but welfare-oriented way. Your business activity is regulated by the housing non-profit law (WGG) and the supplementary regulations. GBVs currently manage over 900,000 homes, of which around 600,000 of its own rental and cooperative apartments.

Dr. Klaus Bichler
Public relations
The Austrian Association of non-profit Associations
Evil Village Road 7, A-1010 Vienna
Tel.: 01/505 58 24 229
https://www.gbv.at/
https://twitter.com/GBV_aktuell