The real estate production value in Austria stood at 18.34 billion Euros in 2023. Throughout the historical period from 2013 to 2023, there has been a generally upward trend with some fluctuations. Specifically, significant growth periods included 2016 to 2017 with a year-on-year increase of over 5%, and 2019 to 2020 at nearly 4.5%. Despite a minor dip in 2018, the overall trajectory has remained positive with a CAGR of 2.43% over the recent five years up to 2023.
Future forecasts predict continued growth with the production value expected to reach 19.71 billion Euros by 2028. However, the forecasted CAGR from 2024 to 2028 indicates a more modest annual growth rate of 1.13%.
Key trends to watch for in the future include potential impacts from economic policies, changes in consumer preferences towards sustainable real estate, and technological advancements in construction. Additionally, macroeconomic factors and global economic conditions will play a significant role in shaping the forecasted growth in this sector.
