First Vienna Residential Market Report | 2020

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FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020

THE AVERAGE HOUSEHOLD SIZE of the 3,947,204 private households in Austria was 2.22 people in 2019. The trend towards small households continues. In 1984, the average household size was 2.70, while experts predict that this figure will drop to 2.09 by 2080.  × HOUSEHOLDS IN AUSTRIA

PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA

2019 TO 2080

Households

3,000,000

2,692,921

2,453,843

2,500,000

1,967,102

2,000,000

1,493,361

1,500,000

1,000,000

500,000

SINGLE-PERSON HOUSEHOLDS MULTIPLE-PERSON HOUSEHOLDS

Year

0

2019

2080

FORECAST

→→ The number of single-person households is still growing. →→ Between 2019 and 2080, single-person households are set to increase by 31.7% out of the total number of households in the respective year (from 1,493,361 to 1,967,102). →→ Between 2019 and 2080, multiple-person households are set to increase by only 9.7% out of the total number of households in the respective year (from 2,453,843 to 2,692,921). →→ From 2019 to 2080, the total number of private households is expected to rise by 18.06% (from 3,947,204 to 4,660,023). →→ The predicted average household size for 2080 is around 2.09 persons.

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