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13 February 2012

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Demand for Vienna housing to rise - Bank Austria

Rising numbers of households and a trend toward single households in Vienna are likely to drive the existing surplus in demand even higher in line with renewed economic growth from 2012, says Reinhard Madlencnik, Head of Real Estate at Bank Austria. In the three years, Vienna has emerged from stagnation, measured by population and household growth. Total households have risen more sharply than in all previous 15 years, an annual average of 1.3%.

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