The real estate output in Austria for 2023 stood at 60.1 billion Euros. The forecasted data for the subsequent years, 2024 to 2028, shows a consistent increase with values of 62.8, 64.78, 66.73, 68.66, and 70.58 billion Euros respectively.
Year-on-year variations indicate a steady growth:
- 2024: 4.48%
- 2025: 3.15%
- 2026: 3.01%
- 2027: 2.89%
- 2028: 2.80%
The Compound Annual Growth Rate (CAGR) from 2023 to 2028 stands at approximately 3.00%, showing a stable upward trend over this period.
Future trends to watch for include the impact of potential economic fluctuations, regulatory changes, and advancements in technology on the real estate sector. The demand for sustainable and smart housing solutions, driven by environmental awareness and technological innovation, could also play a significant role in shaping the market dynamics.
