Building Permits for New Housing Units in Austria. Summer Forecast 2016 and Regional Development 2010-2015

According to WIFO forecasts the number of building permits will increase by 1,400 units (+2.7 percent) in 2016. Primary source of the continued expansion is the dynamic segment of multi-storey buildings (+1,200 units or +3.6 percent), but also permits for one and two family houses contribute to the overall growth (+100 units or +0.9 percent). According to the forecast, a stronger divergence of the two segments can be expected for 2017: while growth of permits for multi-storey buildings further accelerates (+1,400 units or +4.1 percent), the number of permits for one- and two-family houses decreases for the first time since 2012, even if only moderate (–200 units or –1.3 percent).