Building Permits for New Housing Units in Austria. Forecasts for 2015-16

According to WIFO's forecasts the number of building permits will increase by 1,500 units (+3.2 percent) in 2015. While this is a continuation of the previous growth trend, permit growth in 2015 is mainly driven by units in multi-storey buildings (+5.0 percent) whereas permits for one and two family houses stagnate. The overall forecast for 2016 sees a stagnation at the level of 2015, with a 2.0 percent decrease for multi-storey units that is partially compensated by a 2.0 percent increase of permits for one and two family houses.