First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

08

HOUSING MARKET

THE COURSE FOR GROWTH CONTINUES: according to latest forecasts the population of Austria is expected to reach the nine million mark in 2023. As at January 1, 2020, Austria was home to 8,901,064 people, of whom 5,486,522 were between 20 and 64 years old. At the start of 2020, the average age of the people living in Austria was 42.9 years. × DEMOGRAPHICS OF AUSTRIA

DEMOGRAPHIC OUTLOOK FOR AUSTRIA

AGE PROFILE OF POPULATION AS AT JANUARY 1, 2020

2020 TO 2070

8,901,064

9,796,723

Population

10,000,000

1,720,915

0-19 YEARS

8,000,000

1,693,627

> 65 YEARS

6,000,000

4,000,000

5,486,522

20-64 YEARS

2,000,000

Year

0

2000

2010

2030

2040

2050

2060

2020

2070

FORECAST

→ Nine million people will be living in Austria by 2023. → By 2070, the population of Austria is expected to rise to 9,796,723 people. → This corresponds to an increase by around 10% from 2020 to 2070. → By 2070, 28.9% of the population will be 65 years or over, up from 19% in 2020. → The number of people living in Austria below the age of 20 will continue to drop gradually, from 19.3% in 2020 to 18.7% by 2070.

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