Rent controlled public housing are only for Vienese or long term resisdents of Vienna. I am neither.
>you can rent a place for like 500€ monthly
Hahah, no you can't, not even close on the private market, in 2024. Maybe during the pandemic you could when travel was frozen and the rental market crashed.
>This probably also means it's not a great investment to buy property there.
It is. That's why prices are kept so high, so those who own stay wealthy. I don't want a house for an investment tho, just a place to live.
Plus another 500€ monthly for gas and electricity written in the fine print, when I only pay 100€, bringing your monthly rent to 1100€, which is closer to the private market value of such a property.
This probably also means it's not a great investment to buy property there.
There is also the option to live near Vienna and commute by trains.