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

According to the WIFO forecast the number of building permits will increase by 1,600 units (+3.2 percent) in 2016. Primary source of the continued expansion is the dynamic segment of multi-storey buildings (+1,300 units or +4.0 percent), but also permits for one and two family houses contribute to the overall growth (+300 units or +1.6 percent). According to the forecast, a stronger divergence of the two segments can be expected for 2017: while growth of permits for multi-storey buildings continues (+1,400 units or +4.1 percent), the number of permits for one and two family houses decreases for the first time since 2012, even if only moderate (–200 units or –1.2 percent).