The Austrian government is planning to spend €1 billion ($1.08 billion) to boost the country’s sluggish housing construction sector, Chancellor Karl Nehammer and Vice-Chancellor Werner Kogler announced on Tuesday. The taxpayer’s money is to be invested to create 10,000 owner-occupied homes and 10,000 rental flats as well as on the refurbishment of 5,000 existing flats, they said. In addition, the governing coalition of Nehammer’s conservative Austrian People’s Party (ÖVP) and Kogler’s Greens is looking to provide the federal states with money for low-interest housing loans. Meanwhile, the fees…