Delicate confidence is spreading among the commercial builders, real estate agents and real estate managers. “The real estate market in Austria is in motion again, the transaction figures are increasing,” says Gerald Gollenz, chairman of the specialist association for real estate and wealth scattering countries in the Austria Chamber of Commerce, at a press conference on Tuesday. The darkness is slow, but reason for relaxation is not yet for the member companies.
During the record years until 2023, more than 40,000 new residential units nationwide were built or renovated annually, two thirds of them from the commercial real estate industry. “In 2025, this number drops to around 27,100, in the following years we commute at this level,” says Gollenz.
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Image: WKO
Source: Nachrichten
