The Value Added of Real Estate in Austria demonstrated a consistent upward trend from 2013 to 2023, increasing from 27.74 billion Euros to 38.2 billion Euros. Key years of growth include 2017 and 2022, with year-on-year increases of 5.25% and 7.75%, respectively. A notable dip occurred in 2020 with a year-on-year reduction of 2.54%, primarily due to the global pandemic. However, recovery was swift, with values nearly reaching pre-pandemic levels by 2021.
In 2023, the real estate value stood at 38.2 billion Euros, marking a 2.27% year-on-year increase from 2022. Over the past five years, the compound annual growth rate (CAGR) from 2018 to 2023 was 2.34%, indicating moderate but steady growth.
Future trends to watch for include:
- The forecasted CAGR for the next five years (2024-2028) is 1.74%, which suggests a more modest growth rate compared to the past decade.
- Potential influences include economic policy changes, technological advancements in property management, and shifts in housing demand driven by demographic changes.
