Forecast: Turnover in Real Estate Activities Sector in Austria

The turnover in the real estate activities sector in Austria has seen significant fluctuations from 2013 to 2023. The value in 2023 stood at 21.35 billion Euros. From 2013 to 2023, the sector experienced varied year-on-year changes including a notable decrease in 2014 and minor declines in 2018 and 2019. However, overall, the market showed resilience with a 2.89% year-on-year increase in 2023. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 was approximately 3.14%, indicating a steady upward trend.

Future forecasts from 2024 to 2028 suggest a continued positive growth trajectory with a projected CAGR of 2.03%. This points to a 10.55% growth rate over the next five years, demonstrating sustained expansion in the sector.

Future trends to watch for:

- Increased urbanization and demand for housing.- Government policies impacting real estate investments.- Economic factors such as interest rates and inflation influencing market conditions.- Technological advancements in property management and development.