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

According to WIFO forecasts the number of building permits will increase by 5,100 units (+10.1 percent) in 2016. Primary source of the expansion continues to be the dynamic segment of multi-storey buildings (+4,300 units or +13.0 percent), but also permits for one and two family houses experience a higher growth than expected (+800 units or +4.6 percent). Despite the high level of permits, the number will further increase in 2017, albeit at a lower pace (multi-storey buildings +1,500 units or +4.0 percent, one and two family houses +200 units or +1.3 percent).