Building Permits for New Housing Units in Austria. Winter 2018 Forecast

According to WIFO forecasts, the number of building permits will decrease by 1,100 units to 61,500 in 2018. After the dynamic development in 2016 and 2017, it is expected that building permits for multi-storey units will stagnate in 2018 at a high level and that permits for one- and two-family houses will experience another slight decrease after 2017. This trend will continue in 2019, permits for one- and two-family houses will marginally rise though. The number of permits is predicted to remain above the threshold of 60,000 units in the following two years.