The Role of Property Developers in the Housing Market

The Greens have a responsibility to be part of the solution and find places to build them. Property developers will only build where it is profitable to do so, he says. A million homes were built in the last five years that's a record number of homes but house prices spiked because property developers will look at the market. And they'll sit on empty land until it's profitable to build on it. In Vienna 60% of city was social housing prior to pandemic.