First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

10

HOUSING MARKET

DEMOGRAPHICS OF V IENNA VIENNA IS GROWING BUT MORE SLOWLY THAN BEFORE as current forecasts predict that the population of the capital will hit the two million mark only in 2028. As at January 1, 2020, the population of Vienna was 1,911,191. Of these, 315,490 people were older than 65, and 368,930 were younger than 20 years of age. On January 1, 2020, the average age in Vienna was 41 years. ×

AGE PROFILE OF POPULATION AS AT JANUARY 1, 2020

DEMOGRAPHIC OUTLOOK FOR VIENNA

2020 TO 2070

1,911,191

2,240,120

Population

368,930

0-19 YEARS

2,000,000

315,490

> 65 YEARS

1,750,000

1,226,771

20-64 YEARS

1,500,000

Year

1,250,000

1990

2000

2010

2030

2040

2050

2060

2020

2070

FORECAST

→ Vienna will only reach a population of more than two million by 2028. → By 2070, the population of the city is expected to reach 2,240,120. → This corresponds to an increase of 17.2% from 2020 to 2070. → By 2070, 23.9% of the city’s population will be 65 years or over, up from 16.5%. → The number of people in Vienna below the age of 20 will decrease from 19.3% today to 19.2% by 2070.

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