Building Permits for New Housing Units in Austria. Spring 2016 Forecast

According to WIFO forecasts the number of building permits increased by 1,700 units (+3.5%) in 2015. While permits for multi-storey buildings rose by 2,100 units, permits for one and two family houses decreased by 400 units. The weak dynamics in the segment of one and two family houses continue in the coming years. Despite some downward risks, in the case of multi-storey buildings the forecasts for both 2016 and 2017 yield sustained growth rates.