Throughout 2013, the construction industry suffered from the heavy pressure exerted by imbalances in the real estate markets. Civil engineering was affected in particular by restricted public budgets. Altogether, overall construction volumes declined by 3.0 percent. For 2014, demand in general...

According to the results of WIFO's Spring 2013 Investment Survey, investment in manufacturing expressed in current prices is expected to increase by 6.5 percent in 2013. However, the increase is highly uneven across industry groups. The intermediate goods industry plans to cut its investments by...

In den kommenden Jahren wird der Wohnbau als einzige Bausparte in Europa expandieren; allerdings waren die Einbußen im Zuge der Finanzmarkt- und Wirtschaftskrise in diesem Sektor am größten. Makroökonomische Ungleichgewichte und die Verwerfungen auf den Immobilienmärkten in einigen Ländern...

The expenditure-to-income ratio is a widely used measure of housing affordability as it is easy to calculate and to interpret. Yet it suffers from several flaws that may diminish its usefulness. This paper addresses the main points of critique and improves the accuracy of the ratio measure by...

Housing affordability problems are expected to increase for Austrian households because housing costs have been rising dynamically over the last years. Households who moved more recently are expected to be affected the most. Previous research has identified younger households as also being prone...