No Boom in Sight: Why Austria’s Renovation Rate Must Change
Wolfgang Amann (IIBW) explores why Austria’s renovation rate remains far below EU targets, despite available funding and clear demand. Drawing on IIBW research, the article examines data gaps, economic barriers, and homeowner fatigue — and outlines strategic measures to spark a renovation boom.
Introduction
Renovation was long seen as the icing on the cake of Austria’s construction and building-related industries. Yet despite a sharp decline in new construction activity, this perception hasn’t shifted — and the renovation rate stubbornly remains at just 1.5%. With 1.85 million homes in need of renovation and the EU mandating substantial energy efficiency improvements, this must change.