In the fourth quarter of 2019, 20 000 apartments were approved for construction. It does not include the units to be built in Vienna by means of acquisition, construction or conversion of existing buildings. As in 2017, this was the highest result of all reference quarters since 2010. It was around 23% or 3 700 units above that of the previous year. Compared to the other comparative figures, there were increases between 17% or 2 900 (compared to the 4th quarter 2015) and around 56% or 7 200 apartments (compared to the reference quarter 2010).
With only two exceptions (2012 and 2018), residential building permit activity has consistently shown annual increases since 2010, ranging between 4% or 2 800 units (increase in 2014 to 2015) and 14% or 7 300 entities (increase in 2010 to 2011) scattered. In 2012, around 9% or 5 400 fewer permits were reported than in the previous year. In 2018, too, there was a decline compared to the previous year (14% or approximately 11 400), whereby in 2017 with around 81 300 apartments approved for construction, the current high of the entire time series - even back to the 1970s - represents. The current year 2019 ranks second with over 77 800 building permits, which on the one hand corresponded to an 4% decrease (about 3 400 units) compared to the maximum value, but on the other hand reversed the decline in 2018 (by plus) 11% or 8 000 absolute).
The development of large-volume residential construction is very clear: If the corresponding value still represented 41% of the total residential construction work in 2010, it was already 61% in 2017. A year later it fell back to 54%, to rise again to 58% in the most recent reporting period. The permits of the federal capital thus became more important, since the contribution to multi-storey residential construction is very clear here: The share of multi-storey residential permits in Austria's total residential construction work, which averaged around 15% from 2010 to 2016 in Vienna, rose to 26% in 2017, fell to a fifth the year after, and now reached about 24% in 2019.
6 100 new buildings were approved for construction in the fourth quarter of 2019. This was the third highest result since 2010: it was a tenth or 700 entities below that of 2011 and about 4% or 200 absolutely below the reference number of the previous year. Almost 71% of the properties approved for construction in the fourth quarter of 2019 were residential buildings, including 82% one- and two-family houses. Since the course of the multi-storey residential building discussed with the apartments was dominated with many units per property (mainly in the federal capital), the development (and distribution) of new buildings differs from that of the approved apartments.
Around 27 600 new buildings were approved in 2019 throughout Austria. That was the highest value since 2010. The extensions to be determined ranged from around 1% or 400 properties (compared to the next highest value in the previous year) to around 19% or 4 300 absolute (compared to the lowest number from 2012).
Around 6% or 1 600 of all new buildings approved in 2019 represented age rates. In the case of residential buildings, this proportion was about one percentage point higher (which corresponded to about 1 400 age rates), the majority of non-residential properties were 3% (or 200 absolute).
Please consult our German website for further information. Detailed results dating back to the 1st quarter of 2005 are available there.
Some of these figures are estimated and preliminary.
© STATISTICS AUSTRIA, Last Changed 27.05.2020