First Vienna Residential Market Report | 2018

HOUSING MARKET

DEMOGRAPHICS OF VIENNA

HOUSEHOLDS IN VIENNA

AS AT JANUARY 1, 2017, the population of Vienna was 1,867,582. Of these, 308,687 people were older than 65, and 359,985 were younger than 20 years of age. Current forecasts predict that the population of the capital will reach the 2 million mark in 2025. ×

VIENNA HAD AROUND 901,900 HOUSEHOLDS with an average household size of just 2.01 persons in 2016. The households in Vienna account for just below a quarter of all households in Austria. ×

DEMOGRAPHIC OUTLOOK FOR VIENNA

AGE PROFILE OF POPULATION AS AT JANUARY 1, 2017

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

2016 TO 2070

1,853,140

2,238,539

2015 TO 2080

Households in %

Population

359,985

0 – 19 YEARS

2,000,000

54.62%

52.88%

47.12%

45.38%

308,687

> 65 YEARS

1,750,000

1,198,910

20 – 64 YEARS

1,500,000

SINGLE-PERSON HOUSEHOLDS MULTIPLE-PERSON HOUSEHOLDS

Year

1,250,000

1985

1995

2005

2015

2030

2040

2050

2060

2070

2015

2080

FORECAST

→→ Between 2015 and 2080, the number of single-person households will increase by more than 32.19% (from 402,499 to 532,052). →→ Over the same period, the number of multiple-person households is expected to rise by more than 22.18% (from 484,599 to 592,078). →→ From 2015 to 2080, the number of private households will increase by more than 27.28% (from 887,098 to 1,129,130). →→ It is expected that there will be more than 1 million households in Vienna by 2030. →→ The predicted average household size for 2080 is 1.95 persons.

→→ By 2025, Vienna will have a population of more than 2 million. →→ By 2070, the population of the city is expected to reach 2,238,539. →→ This corresponds to an increase of nearly 21% from 2016 to 2070.

→→ By 2070, around 23.4% of the city‘s population will be 65 years or over, up from 16.6%. →→ The number of people in Vienna below the age of 20 will increase only gradually, from 19.2% today to 20.0% by 2070. →→ On January 1, 2017, the average age in Vienna was 40.3 years (41.7 for women and 38.8 for men).