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80th Euroconstruct Conference: European Construction Market Outlook Until 2018 – Austrian Construction Dampened by Slowdown in Housing and Minor Civil Engineering. Country Report Austria

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Listed:
  • Michael Klien
  • Michael Weingärtler

    (WIFO)

Abstract

Overall economic performance of the Austrian industry is expected to be below average. Particularly foreign trade, which used to be a pillar of Austria's economic growth, is not fully participating in the recovery of world and European trade. This had a negative impact on the whole construction industry and hit non-residential construction most. Also the housing market could not avoid stagnation. In the upcoming years a minor growth is expected which will mainly stem from new construction of flats and multi-storey buildings. In 2017 and 2018 the market will be additionally pushed by the recently announced stimulus package for housing which should fulfill the future housing needs especially in urban areas, all above in Vienna. – The Euroconstruct Country Report for Austria gives in-depth information on the Austrian construction market until 2018. It covers in detail the housing market, the non-residential sector and civil engineering (new and renovation, respectively).

Suggested Citation

  • Michael Klien & Michael Weingärtler, 2015. "80th Euroconstruct Conference: European Construction Market Outlook Until 2018 – Austrian Construction Dampened by Slowdown in Housing and Minor Civil Engineering. Country Report Austria," WIFO Studies, WIFO, number 58559, February.
    • Handle: RePEc:wfo:wstudy:58559
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    File URL: https://www.wifo.ac.at/wwa/pubid/58559
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