Building Permits for New Housing Units in Austria. Autumn 2017 Forecast

According to WIFO's forecasts the number of building permits will increase by 1,100 units (+2.1 percent) in 2017. While the number of permits for multi-storey buildings is predicted to grow by 3.2 percent (+1,100 units) in 2017, permits for one and two family houses will stagnate. Although the generally high level of permits will be sustained, the number is expected to decrease at the latest in 2018: permits for multi-storey buildings should decline by 2.5 percent or 900 units, and the number of permits for one and two family houses by 1.8 percent or 300 units.