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It’s relevant to note that the private rental market in Vienna has gotten significantly worse in recent years. And newcomers to the city often don’t have good access to council housing or even limited-profit housing associations.
It seems however that the city government has finally acknowledged that - likely due to pressure from the liberal coalition partner - and is now enabling university students access to council housing.
“utopia” is a bit of a push. But yeah it’s definitely one of the better places to be a renter.