Over the past decade, household expenditure on housing rentals in Austria has shown a consistent upward trend. From 2013 to 2023, the expenditure increased from 6.07 billion Euros to 9.12 billion Euros, demonstrating a steady growth. The year-on-year variation fluctuated, peaking at 6.72% in 2017 and dipping to 1.01% in 2021. The compound annual growth rate (CAGR) over the last five years up to 2023 stood at 3.19%, reflecting a moderate but consistent increase.
In the forecasted period from 2024 to 2028, the expenditure is expected to continue rising, reaching 10.3 billion Euros by 2028. The forecasted 5-year CAGR is estimated at 1.93%, indicating a slight slowdown in growth compared to the past decade. The cumulative growth rate for this period is projected at 10.01%.
Future trends to watch for include potential impacts of macroeconomic factors such as inflation and interest rate changes, government housing policies, and shifts in demographic trends that could influence rental demand and affordability.
