First Vienna Residential Market Report | 2021

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FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

THE TRENDTOWARDSSMALL HOUSEHOLDSCONTINUES: The average household size of the 3,947,204 private households in Austria was 2.22 people in 2019. For comparison: an average of 2.70 inhabitants shared each household in 1984, compared to just 2.09 projected for 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 only 2.09 persons.

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