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94th Euroconstruct Conference: European Construction Market Outlook until 2025 – Austrian Construction Market Development. Country Report Austria

Author

Listed:
  • Michael Klien
  • Michael Weingärtler

    (WIFO)

Abstract

The Austrian construction industry will stagnate in 2022, despite high production increases. The massive increase in construction costs, which are expected to rise by around 10 percent in 2022 compared to the previous year, will dampen real growth in the construction industry significantly. In combination with the already expected downward trend in residential construction, 2023 will also see only low growth rates. The years 2024 and 2025 will then also be characterised by only weak momentum with rates below 1 percent, despite clear impulses in civil engineering.

Suggested Citation

  • Michael Klien & Michael Weingärtler, 2022. "94th Euroconstruct Conference: European Construction Market Outlook until 2025 – Austrian Construction Market Development. Country Report Austria," WIFO Studies, WIFO, number 70445, February.
    • Handle: RePEc:wfo:wstudy:70445
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