The Austrian real estate market has exhibited steady growth over the last decade, despite some year-to-year fluctuations. From a turnover of 16.96 billion euros in 2013, it reached 21.35 billion euros by 2023. Notably, the turnover declined marginally in 2014 and 2018, but overall maintained an upward trajectory. In recent years, year-on-year growth stabilized at around 3%, with a 5-year CAGR of 3.14% by 2023.

Looking ahead, the forecasted data suggests continued growth but at a modest pace. The 5-year CAGR from 2024 to 2028 is expected to be 2.03%, translating to a total growth of 10.55% over this period. This indicates that the market will continue to expand, albeit at a slower rate than observed in the past.

Future trends to watch for include:

Market stability and reduced volatility in year-on-year growth rates.
Potential impacts of regulatory changes and economic conditions on market performance.
Technology advances influencing property transactions and valuations.
Shifts in consumer preferences towards sustainable and smart properties.