The housing situation in Austria, and especially in the world capital of Vienna, is regarded as exemplary beyond the borders of Austria. Looking more closely at the development on the real estate market, however, it becomes clear that a trend is emerging. In the last two years, rental and property prices have risen sharply. In particular, the development on the rental market in 2016 was as high as it wasn't for a long time. Against the background of rising rental prices, Vienna's inhabitants in particular are under pressure. Therefore there is an increasing need for action. This has already been recognized by the government. For some years now, an amendment to the tenancy law has been put in place which is intended to provide a remedy for the tense housing situation. However, no consensus has been reached on the content of the amendment yet. Due to the development of the price structure, the present work deals with housing policy and tenancy law in Vienna. In addition, recommendations are made by comparing the cities of Munich and Zurich, which are helpful for the relaxation of the housing situation in the city of Vienna. By comparison, the risks and problems but also opportunities and potentials for the housing market in Vienna are elaborated. As the work presents, especially the housing market of the city of Munich offers some approaches, which would also be applicable and helpful for Vienna. These are, in particular, instruments for the construction of price-oriented housing and the prevention of negative effects for tenants and rents by paring multi-family dwellings. The city of Zurich is also showing a way out of the increasing housing prices with a high new build-up rate and accompanying stable rental prices from the city of Vienna. Therefore it is clear that the city of Vienna can learn from the housing markets of the two metropolises of Munich and Zurich, so that their citizens are also available with sustainable, affordable living space.