The production value of real estate in Austria has exhibited considerable growth from 2013 to 2023, standing at €57.34 billion in 2023. The year-on-year variation has generally been positive, except for a minor decline observed in 2020. Over the last two years, the year-on-year growth rates were 7.78% in 2022 and 2.29% in 2023. The compound annual growth rate (CAGR) for the last five years has been more moderate, averaging at 2.41%.
Future trends to watch for include a forecasted 5-year CAGR of 1.76%, indicating a steady albeit slower growth trajectory. The real estate market in Austria is expected to reach €63.89 billion by 2028, reflecting an overall forecasted growth rate of 9.11%. Key factors influencing future trends will likely include economic conditions, interest rates, and housing demand dynamics.
