The federal government has agreed on a comprehensive rental package in the Council of Ministers. Through a new "Rent Value Protection Act", prices of unregulated rents will be intervened for the first time. As announced in the government program, the rent cap in the regulated sector will be extended and the minimum contract terms will be extended from three to five years. Vice Chancellor and Housing Minister Andreas Babler (SPÖ) called the package a "major breakthrough" after the Council of Ministers on Wednesday.

(APA/Red)

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