At the graduation ceremony in November 2025, the 7th BZP Award went to Cornelia Kratzer for her master's thesis entitled:
"Housing subsidy guidelines in Austria – A comparative economic analysis with a focus on non-profit housing developers".

This paper focuses on a key instrument of Austrian housing policy: housing subsidies. Austria's federal structure has resulted in nine very different regional regulations. For non-profit housing developers – who manage a considerable portion of the housing stock – this means both complex requirements and significant potential. The master's thesis shows that although the federal states have comparable objectives, they implement them in very different ways.

The BZP Award, now in its seventh edition, recognises particularly outstanding master's theses in law written as part of the Master's programme in Real Estate Investment & Valuation at the TU Wien Academy for Continuing Education.

The award was initiated by Mag. Guido Zorn, MSc, together with Bischof · Zorn + Partner Rechtsanwälte GmbH and Die Wirtschaftskanzlei, opens an external URL in a new window, and has since become an important stimulus for the promotion of research in real estate law. 

The TU Wien Academy for Continuing Education congratulates Cornelia Kratzer on this award and thanks Bischof · Zorn + Partner for presenting the award for so many years.