New multi-family residential construction in Vienna is expected to decline by around 6% in 2021 compared to 2020, but will remain at a record level - this is the result of the latest analysis by the leading national and international real estate service provider CBRE in the current housing market report for Vienna.
Increasing settlement pressure has led to increased construction activity within the city in recent years, which offers a wide range of possibilities and opportunities for developers and investors. Even in the crisis year 2020, investment activity in the residential construction sector remains high. Five residential locations defined by CBRE were defined on the basis of their housing market-specific characteristics. A brief description of the profile of each residential location as well as market data on current new construction projects allow a more detailed look at Vienna's residential market.