95th Euroconstruct Conference: European Construction Market Outlook until 2025 – Austrian Construction Market Development. Country Report Austria

Michael Klien and Michael Weingärtler
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Michael Weingärtler: WIFO

in WIFO Studies from WIFO

Abstract: Forecasts for the Austrian construction industry point to a slight decline in 2023. Despite the downward trend, construction costs are at a high level and rising financing costs in particular are dampening the development of the Austrian construction industry. New residential construction will be particularly affected. The decline in the Austrian construction industry is expected to intensify slightly in 2024 and the construction industry is not likely to benefit from the improved macroeconomic environment until 2025.

Date: 2023 Written 2023-06-15
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wstudy:70799

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