First Vienna Residential Market Report 2024

demographics of vienna

11

Reaching the two million mark at the end of 2023, Vienna is set to become one of Europe’s five largest cities sooner than anticipated. This and the constantly growing population will lead to a substantial rise in demand for new living space in Austria’s federal capital.

Demographic outlook for Vienna 2023 to 2080

Age profile of population as at January 1, 2023

2,457,662

1,982,097

> 65 years 16.4%

0-19 years 19.4%

Population

2,000,000

W

Ø age 41.0 years

1,750,000

20-64 years 64.3%

1,500,000

Year

1,250,000

1990

2000 2010

2030 2040 2050 2060

2070

2023

2080

Forecast to 2080

→ In 2080, approx. 2,457,662 people will be living in Vienna. → This corresponds to an increase by 24.0%. → 26.03% of the population will be 65 years or over. → The number of people in Vienna below the age of 20 will decrease to 17.86%.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2024

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