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Austrian Demand for New Buildings Declines
Due to the weaker economic growth and the austerity policies, demand for new buildings is decreasing.
Austrian Demand for New Buildings Declines / Picture: © Vindobona.org
The outlook for the Austrian construction industry is mixed. The economic development and the consolidation of the public budget cause a decrease in building investments. As a result, the number of approved building units is decreasing slightly to 42,700. Nevertheless, this is still above the average of the last ten years. In 2011, the number of approved building units reached 43,000,…
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