Forecast of Building Licenses for Residential Buildings in Austria 2014-2015 and Regional Development 2008 to 2013

Despite an unfavourable macro-economic situation the number of building licenses for residential building increased substantially to 46,000 units in 2013 (+1,600 or +16 percent). According to the WIFO forecast this number will remain unchanged in 2014, with the number of licenses for multiple storey buildings increasing to 32,300 (+1,000 or +3 percent), while a decrease in the number of licenses for family houses to 13,600 units is expected (–1,100 or –7 percent). In 2015 some 43,300 licenses for residential buildings are expected (–2.600 units or –6 percent), despite an increase of licenses for family houses.