Austria
Austrias building enterprises have more and more problems to surive on the market then what many people think. The Industry figures and representatives confirm low profit margins. If there is a small problem, a bankruptcy is quickly the consequence. It happens with increasing frequency that constructions can’t be finished because the property developer became insolvent. A big problem if the buildings were already sold, and a handover within the prescribed time limit is a lawful obligation. The guild master confirms the poor situation of many building enterprises in Austria. “At first the own capital is quite small, and in the second place the profit margins are vanishing slim”, he knows. He explains that just a small problem during the construction phase can cause a bankrupt because of that. A building contractor from the federal province of Salzburg claims if the orders for sponsored residential building disappear, he has to dismiss 50 employees.
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