Building Permits for New Housing Units in Austria. Summer 2019 Forecast and Regional Development 2013-2018

The exceptionally strong growth in building permits came to an end in 2018, with a correction of over 11,000 units (–16.9 percent). The WIFO building permit forecast shows further declines for the coming years, albeit at a much slower pace than recently. For 2019 and 2020, 54,100 (–700 units) and 51,600 (–2,500) units are forecast. The number of detached and semi-detached houses, which has recently continued to expand, is expected to fall by 500 units to 17,900 building permits in 2019. The segment will then stagnate in 2020. In multi-storey construction, 36,200 units are forecast for 2019 (–200 units), before another sharp decline to 33,800 units is expected for 2020 (–2,500 units).