Austria Real Estate Market Outlook 2023
Februar 2, 2023
Economic growth in 2023 is forecasted to be -0.3%, yet the labour market is expected to remain stable.
Rising yields have initiated a repricing process that is not yet fully completed. A lower transaction volume for 2023 is expected.
Low vacancy and completion rates continue to dominate the market, leading to rising rents in all locations.
Rising costs are dampening the retail sector as well. Discount stores are among the winners of the crisis and continue to expand.
2022 was another successful year for the Austrian logistics real estate market and the trend continues.
Completions planned for 2023 are at a similarly high level as in the previous year. A change in demand for residential apartments is noticeable.
Hotel performance has been showing positive developments in recent months. Budget/Economy hotels and Serviced Apartments increasingly attract the interest of investors.