First Vienna Residential Market Report | 2018

HOUSING MARKET

DEMOGRAPHICS OF AUSTRIA

HOUSEHOLDS IN AUSTRIA

AS AT JANUARY 1, 2017, Austria was home to 8,772,865 people, of whom 5,429,623 were between 20 and 64 years old. According to the latest forecasts, the population of Austria is expected to reach the 9 million mark in 2022. ×

THE AVERAGE HOUSEHOLD SIZE of the around 3,865,000 private households in Austria was 2.22 people in 2016. The trend towards small households continues, with the figure being similar to that of 2015. In 1985, the average household size was 2.67, while experts predict that this figure will drop to 2.08 by 2080. ×

DEMOGRAPHIC OUTLOOK FOR AUSTRIA

AGE PROFILE OF POPULATION AS AT JANUARY 1, 2017

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

2016 TO 2070

2015 TO 2080

8,739,806

9,869,542

Households in %

Population

1,717,725

0 – 19 YEARS

0 10 20 30 40 50 60 70 80

10,000,000

62.81%

1,625,517

> 65 YEARS

58.15%

8,000,000

6,000,000

41.85%

37.19%

4,000,000

5,429,623

20 – 64 YEARS

2,000,000

SINGLE-PERSON HOUSEHOLDS MULTIPLE-PERSON HOUSEHOLDS

Year

2070 2065 2060 2055 2050 2045 2040 2035 2030 2025 2020 2015 2010 2005 2000

2015

2080

FORECAST

→→ Nine million people will be living in Austria by 2022. →→ By 2070, the population of Austria is expected to rise to 9,869,542 people. →→ This corresponds to an increase of nearly 13% from 2016 to 2070.

→→ The number of single-person households is still growing rapidly. →→ From 2015 to 2080, the number of single-person households is expected to increase by 38.44% (from 1,413,285 to 1,956,656). →→ Over the same time period, the number of private households with more than one person is expected to rise by only 13.88% (from 2,387,037 to 2,718,522). →→ From 2015 to 2080 the total number of private households is expected to rise by almost 23.02% (from 3,800,322 to 4,675,189). →→ The predicted average household size for 2080 is around 2.08 persons.

→→ By 2070, around 28.5% of the population will be 65 years or over, up from 18.5% in 2016. →→ The number of people living in Austria below the age of 20 will continue to drop gradually, from 19.6% in 2016 to 19.0% by 2070. →→ At the start of 2017, the average age of the people living in Austria was 42.5 years.