Inflation: prefabricated houses less in demand – salzburg.ORF.at
Business
High construction costs, rising interest rates and difficult access to credit are now preventing more and more people from Salzburg from building their own home. This is particularly noticeable in prefabricated houses.
The order books of many prefabricated house companies are empty and a Salzburg managing director is already talking about a shrinking market. Significantly fewer customers would come to the model house park in Eugendorf (Flachgau) and providers would give up the location there.
The 20 million euro bankruptcy of the Scalahaus in Eugendorf, which affected 160 customers, casts a bad light on the entire precast industry. Since then, customers have become more attentive and are demanding more legal security, according to the managing director.
Prefabricated houses are stagnating, hotels and infrastructure are booming
The guild master of the Salzburg construction industry, Peter Dertnig, speaks of additional horrendous material costs. The number of home builders has decreased in recent years. Now you can only afford to build a house if you have enough inheritance. In order to get a loan at all, you have to raise around 20 percent of your own capital with the new banking guidelines since August. In addition, interest rates are rising again for the first time in years.
The hesitation of classic house builders mainly affects prefabricated house manufacturers. I will continue to invest heavily in other construction areas, says guild master Dertnig. These primarily include tourism projects, but also public sector construction sites with numerous infrastructure projects.