Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Total population8.81 million8.74 million8.64 million
WDI
A.1.1
Total number of households4.07 million3.97 million3.8 million
EuroStat
A.1.2
Average household size2.202.202.20
EuroStat
A.1.3
Urban population (% of total)66.11% of total66.03% of total65.97% of total
EuroStat
A.1.4
Urban population growth (annual %).94%1.18%1.2%
WDI
A.1.5
A.2 Economy
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
GDP, current prices (U.S. dollars)416,845 USD (millions)390,961 USD (millions)382,258 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)439,575 USD (millions)419,629 USD (millions)408,417 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)47,290 USD 44,733.41 USD 44,296.59 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)49,868.71 USD 48,013.55 USD 47,327.81 USD
WEO
A.2.4
GDP, constant prices (Percent change)2.9%1.45%1.09%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)2.3%1.54%.99%
WEO
A.2.6
GDP, deflator (Index)113.12111.40110.20
WEO
A.2.7
Consumer price index114.00111.68110.69
WDI
A.2.8
GINI IndexNot availableNot availableNot available
 
A.2.9
Median national annual household income58,133.28 USD 57,918.67 USD 56,857.78 USD
EuroStat
A.2.10
Median urban annual household income65,222.6 USD/year64,433.11 USD/year64,122.67 USD/year
EuroStat
A.2.11
Growth in urban household income (%/year)A.2.13
Nominal  -.15%
EuroStat
A.2.13.1
Real-1.54%-1.54%-1.13%
EuroStat
A.2.13.2
Employment (% of total laborforce)A.2.14
Unemployed5.7%6%5.72%
WEO
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rateNot available5.29%4.87%
IFS
A.2.15.1
Yield on 3 months treasury billsNot availableNot available.2%
 
A.2.15.2
Yield on 10-year Government bond.58%.38%.75%
IFS
A.2.15.3
Average bank deposit rateNot available.31%.38%
IFS
A.2.15.4
Lending rateNot available5.29%4.87%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Number of dwelling units:B.1.1
Total4.55 million4.54 million4.51 million
HypoStat
B.1.1.1
Characteristics of housing stock:B.1.3
Average dwelling unit size-existingNot availableNot available99.2 sq.mt
 
B.1.3.1
% of substandard dwelling units3% of total3.2% of total5% of total
IIBW
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units55% of total55% of total55.7% of total
EuroStat
B.1.4.1
% of owner units with a mortgage24.3% of total25.2% of total25.7% of total
EuroStat
B.1.4.2
Private rental units30.1% of total29.7% of total29.6% of total
EuroStat
B.1.4.3
Public / social rental units14.9% of total15.3% of total14.7% of total
EuroStat
B.1.4.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered54,100 units53,900 units50,800 units
EuroStat
B.1.5.1
Informal sector/non-registered0 units0 units0 units
Statistik Austria, IIBW
B.1.5.2
Number of recorded urban housing transactions/yearNot available 1920
Statistik Austria, IIBW
B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Median urban house price in USD:B.2.1
New housing4,377 USD 4,173 USD 3,889 USD
Country Editor
B.2.1.1
Existing housingNot availableNot availableNot available
 
B.2.1.2
Median house price to median annual HH income:B.2.2
Capital cityNot availableNot availableNot available
 
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly RateNot availableNot availableNot available
 
B.2.3.1
M2 construction cost for median quality houseB.2.4
NationalNot availableNot availableNot available
 
B.2.4.1


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Notes: The proportion of sub-standard accommodation can be mainly attributed to the housing stock in Vienna, where still 3.2% of the total housing stock fall into this category.
Notes:
Notes:
Notes:
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: (median equivalised national income / average exchange rate)*average household size
Notes: €63.157 Billion converted to USD at $1.472 per €1
Notes: €69.174 Billion converted to USD at $1.392 per €1
Notes: €70.486 Billion converted to USD at $1.441 per €1
Notes: 1 Dollar = 0.68 Euro 65897 Euro/0.68 = 97006.97
Notes: 1 Dollar = 0.69 Euro 73455 Euro/0.69 = 105819.27
Notes: 1 Dollar = 0.72 Euro 72061 Euro/0.72 = 100287.29
Notes: 1 Dollar = 0.73 Euro 48078 Euro/0.73 = 65487.04
Notes: 1 Dollar = 0.75 Euro 80000 Euro/0.75 = 106896.00
Notes: 1 Dollar = 0.76 Euro 60737 Euro/0.76 = 79990.63
Notes: 1 Dollar = 0.76 Euro 86161 Euro/0.76 = 113680.82
Notes: 1 Dollar = 0.77 Euro 83960 Euro/0.77 = 113680.82
Notes: 1 Dollar = 0.79 Euro 39746 Euro/0.79 = 50199.20
Notes: 1 Dollar = 0.85 Euro 53815 Euro/0.85 = 63485.56
Notes: 1 Dollar = 0.95 Euro 35998 Euro/0.95 = 37751.10
Notes: 1 Dollar = 1.13 Euro 29632 Euro/1.13 = 26114.68
Notes: 2010 = 100
Notes: 25-30 years
Notes: 25-30 years
Notes: A majority of the homebuyers in Austria utilize the Bauspar (Contract Saving) Scheme, a low interest long term depository loan primarily used to finance single family housing.
Notes: around 4.8%
Notes: around 4.8%
Notes: around 5% of formal sector/registered units completed/year
Notes: around 5% of formal sector/registered units completed/year
Notes: around 5% of formal sector/registered units completed/year
Notes: around 5% of formal sector/registered units completed/year
Notes: around 5% of formal sector/registered units completed/year
Notes: around 5.4%
Notes: around 5.7%
Notes: around 6.0%
Notes: Differs across income sectors. 50% for the lowest income sector, but 12% for the highest income sector.
Notes: Extensive system of housing subsidies in the authority of provinces
Notes: Extensive system of housing subsidies in the authority of provinces
Notes: Federal Ministry of Finance
Notes: Federal Ministry of Finance
Notes: Federal Ministry of Finance
Notes: Federal Ministry of Finance
Notes: Federal Ministry of Finance
Notes: Federal Ministry of Finance
Notes: In 2016 according to the ECBC Fact Book data, covered bonds play an important role in mortgage funding as mortgage backed covered bonds account for around EUR 30.8 bn, which is roughly equal to one third of the outstanding residential mortgages.
Notes: In 2016 according to the ECBC Fact Book data, covered bonds play an important role in mortgage funding as mortgage backed covered bonds account for around EUR 30.8 bn, which is roughly equal to one third of the outstanding residential mortgages.
Notes: In 2016 according to the ECBC Fact Book data, covered bonds play an important role in mortgage funding as mortgage backed covered bonds account for around EUR 30.8 bn, which is roughly equal to one third of the outstanding residential mortgages.
Notes: In Austria, the usual maximal loan-to-value (LTV) ratio amounts to 70 per cent, although Bausparkassen hypothecate up to a LTV ratio of 80 per cent. On mortgage bonds, pfandbriefe, there is a legal cap of 60% as stated by Mortgage Bank Act of 1899, amended in 2005.
Notes: In Austria, the usual maximal loan-to-value (LTV) ratio amounts to 70 per cent, although Bausparkassen hypothecate up to a LTV ratio of 80 per cent. On mortgage bonds, pfandbriefe, there is a legal cap of 60% as stated by Mortgage Bank Act of 1899, amended in 2005.
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: less than 5%
Notes: Mortgage lending is mainly financed via banks and Bausparkassen.
Notes: Mortgage lending is mainly financed via banks and Bausparkassen.
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: Nominal Growth - Inflation = Real Growth
Notes: per square meter (unweighted average)
Notes: per square meter (unweighted average)
Notes: per square meter (unweighted average)
Notes: per square meter (unweighted average)
Notes: per square meter (unweighted average)
Notes: RMBS play a more marginal role in Austria and according to the AFME database the alpine country had around EUR 1.5 bn RMBS outstanding in 2016.
Notes: The usual maximum LTV amounts to 70%. However, Bausparkassen allow up to a LTV of 80%
Notes: The usual maximum LTV amounts to 70%. However, Bausparkassen allow up to a LTV of 80%
Notes: The usual maximum LTV amounts to 70%. However, Bausparkassen allow up to a LTV of 80%
Notes: There is no government maximum LTV but private LMI companies will only insure properties with LTV <80%
Notes: Though the share of foreign currency loans in households’ housing loans has continued to decline in recent months, these loans still imply large exchange rate risks. Since the marked increase observed in January 2015 (from 22.1% to 23.9%) in the wake of the strong appreciation of the Swiss franc that occurred after the Swiss National Bank abandoned the exchange rate cap vis-à-vis the euro, the share of foreign currency loans in housing loans has fallen, coming down to 16.9% in April 2017. Almost all foreign currency-denominated housing loans outstanding are denominated in Swiss francs (close to 97%).
Notes: unweighted average
Notes: unweighted average
Notes: unweighted average
Notes: unweighted average
Notes: unweighted average
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size
Notes: Urban Median Equivalized Income / Average Exchange Rate * Average Household Size