Housing shortage in Tyrol: Drastic decline for new construction projects by 2025!

Housing shortage in Tyrol: Drastic decline for new construction projects by 2025!

In Tyrol, the pressure on the housing market increases: A new study predicts the need of 35,010 additional apartments by 2033, which corresponds to an annual plus of 3,890 residential units. The increasing demand results from trends such as individualization and an aging population, but the situation is made more difficult by the fact that many apartments are not reported as the main residence - in Tyrol it is around 22.6 percent. This lack of registration makes the living availability misleading and leaves many apartment seekers with challenges, as reported.

Another dramatic development on the Tyrolean real estate market shows itself in the study of the WKÖ specialist association and explorial that have evaluated the current residential construction projects. 391 projects were identified for the years 2022 to 2024, which include 7,800 residential units. However, the construction boom seems to be an end: for 2024, a decline in new construction projects to only 2,600 units is predicted, which means 600 less than in the previous year. The decline in condominiums is particularly alarming-here the completion falls by 47 percent in the coming year, so WKO TIROL .

These developments could have far -reaching effects: rising rental issues due to the lower availability of purchase options tighten the situation on the housing market. In addition, the decline in the new building could endanger numerous jobs in the construction sector. The developers face the challenge of adapting their projects to the changed market situation, which is all the more urgent due to the current market situation. The analysis already shows significant trends: In Innsbruck, the proportion of 1-2-room apartments in favor of larger units drops, which also contains the already tense space in the state capital.