First Vienna Residential Market Report 2023

households in austria

The trend towards smaller households continues unabated despite the popularity of single-family homes in Austria: the average Austrian household had 2.19 members in 2021. The number of private households will reach 4.5 million in 2050 and the proportion of single-person households will increase to 41.5% by 2050 according to a forecast by Statistics Austria. This development combined with a looming climate crisis will make a new approach to urban development inevitable.

Private households in Austria Forecast for single and multiple-person households 2022 to 2060

Households

3,000,000

2,624,439

2,489,335

2,500,000

1,887,335

2,000,000

1,552,964

Single-person households

1,500,000

Multiple-person households

1,000,000

500,000

0

Year

2022

2060

Forecast to 2060

→ One-person households: up by 21.53% → Multi-person households: up by 5.43% → Private households: up by 12.06%

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