The turnover in the buying and selling of own real estate in Austria experienced notable fluctuations from 2013 to 2023. From a slight dip in 2014, the market saw periods of robust growth particularly in 2015 and 2016. The year-on-year growth peaked in 2020 with a 27.67% increase, reaching a turnover of 1.59 billion Euros, signaling strong market dynamics influenced possibly by macroeconomic factors and investor confidence. By 2023, the turnover stood at 1.78 billion Euros, with a steady year-on-year growth of 4.32% and a CAGR of 8.26% over the last five years, highlighting a resurgence in the market.
Looking forward, the forecasted data from 2024 to 2028 suggests a consistent growth trajectory with a forecasted 5-year CAGR of 2.89% and an overall growth rate of 15.31%. This indicates continued cautious optimism in the real estate sector, as the market is expected to steadily grow reaching 2.14 billion Euros by 2028.
Future trends to watch for:
- Impact of economic policies on real estate investments.
- Technological advancements in real estate transactions.
- Changes in consumer behaviors and preferences post-pandemic.
- Potential disruptions from global economic uncertainties.
