Looking at Vienna, it feels like the value of real-estate grows faster than what you'd earn by renting. E.g. you'd probably earn 3,000€ netto per year from a 200,000€ property, but it's value also rises by 4,000€ in the same time frame. Why renting it out for a little cash, and probably having to pay a landlord to manage it, when you're already earning more than that by simply sitting on it.
I've just made some numbers up now but last time I went through renting and buying decisions, this is what it kind felt like.
I've just made some numbers up now but last time I went through renting and buying decisions, this is what it kind felt like.