In 2019, Austrian construction activity rose with growth rates above 2 percent. Nevertheless, 2019 marks already the first
year of a more moderate development. WIFO forecasts expect only a slow increase of construction volumes over the entire period
from 2020 to 2022. Importantly, housing will lose its momentum and grow by roughly 1 percent over the next years. However,
even if growth will slow down significantly, the housing rate of around 6 building permits per 1,000 inhabitants will remain
one of the highest in Europe. Civil engineering exhibits the most promising outlook, primarily because transport infrastructure
plans suggest higher investments in the Austrian rail and road network.
Research group:Structural Change and Regional Development