First Vienna Residential Market Report | 2021

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FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

ACCORDING TO FORECASTS there will be more than a million households in Vienna by 2035. This is, among other things, due to decreasing household sizes: in 2020 there were 930,979 private households in Vienna with an average household size of just 2.04 people. If the development con- tinues an average household size of 2.02 people can be expected in 2080. × HOUSEHOLDS IN V IENNA

PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN VIENNA 2019 TO 2080

Households

595,160

600,000

549,799

508,603

500,000

422,376

400,000

300,000

200,000

100,000

SINGLE-PERSON HOUSEHOLDS MULTIPLE-PERSON HOUSEHOLDS

Year

0

2019

2080

FORECAST

→ Between 2019 and 2080, single-person households in Vienna are set to increase by more than 30.17% out of the total number of households in the respective year (from 422,376 to 549,799). → Between 2019 and 2080, multiple-person households in Vienna are set to increase by more than 17% out of the total number of households in the respective year (from 508,603 to 595,160). → From 2019 to 2080, the number of private households will increase by more than 22.9% (from 930,979 to 1,144,959). → It is expected that there will be more than one million households in Vienna by 2035. → The predicted average household size for 2080 is 2.02 persons.

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