No time for work? 

  • While the number of employment relationships has increased by around 35 percent since 1995, the volume of working hours has only risen by around 18 percent. Average working hours per employment relationship fell from around 32 to the current 27 hours per week. 
  • The lamented shortage of labor is therefore also due to a shortage of available working hours in the labor supply. 
  • The decline in working hours per employment relationship is offset by a significant increase in productivity. On average, an employee has become one-third more efficient since 1995.
  • Further decline in average working time per employment relationship to be expected: Growing challenge for wealth in Austria

as of November 2022.

  • Length: 6 pages
  • Language: English


Real Estate Country Facts: Trend reversal on the Austrian real estate market

  • Higher interest rates, strong inflation, ESG considerations, energy transformation, shortages of materials and labor have all become issues at the same time, shaking the 14-year real estate cycle to its core.
  • Those asset classes that have shown resilience in the COVID pandemic remain in demand: Logistics real estate, high-quality apartments, bricks and mortar retailers catering to everyday needs as well as core office properties. Investors are also focusing more on alternative real estate investments such as care homes and data centers.
  • Investors are very sensitive when it comes to yields. Clearer distinctions are now being drawn between properties in terms of location, tenants´ creditworthiness and the tenant mix.
  • The most dynamic part of the real estate market continues to be the construction of privately financed apartments and student apartments. Subsidized housing, on the other hand, is taking an unplanned break.
  • A gradual price correction that will give rise to a buyer’s market is now under way in the residential segment, and price adjustments are on the horizon in less sought-after residential locations, while prices look likely to keep on rising in prime locations. 
  • The prospects for the Austrian real estate market are still bright in spite of the challenges it is currently facing. We are convinced that the real estate sector will at the end be one of the preferred asset classes again.

as of November 2022.

  • Length: 22 pages
  • Language: English


Analyses archive


Working time (November 2022; PDF; 2MB)
Real Estate Country Facts (November 2022; PDF; 2MB)
Energy Costs at sector level (October 2022; PDF; 2MB)
Holiday euro 2022 (June 2022; PDF; 2MB)
Cost of living (March 2022; PDF, 2MB)
Energy prices (March 2022; PDF; 2MB)
Housing prices (January 2022; PDF; 2 MB)


Real Estate Country Facts (November 2021; PDF; 5 MB)
Comparison of industrial upswing in the federal states (October 2021; PDF; 2 MB)
Tax changes in Austria (October 2021; PDF; 2 MB)
Fuelling will soon be cheaper, but not in the long run (September 2021; PDF; 2 MB)
Revenue from tourism in the "year of the coronavirus" 2020 (May 2021; PDF; 2MB)
The effects of the first pandemic wave on the labour market (January 2021; PDF; 2MB)


Real Estate Country Facts (October 2020; PDF; 1 MB)


Brexit and the consequences for the Austrian export industry (September 2019; PDF)
Real Estate Country Facts (September 2019; PDF; 1 MB)
Is globalization dead? (August 2019; PDF)