New business in the Austrian leasing sector has grown in the
first half of 2010 by 1.1 percent, supported by public investment
in properties.
The volume of new contracts rose to €2.6 billion and property
leasing contributed €490 million to this total, up almost 22
percent year on year, figures from the Association of Austrian
Leasing Companies (VOL) have shown.
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In car leasing, small cars continued to be popular. Nearly
74,000 leasing contracts were signed in the first half, totalling
€1.6 billion, up 6.6 percent year on year. However, the average
value of a single contract fell slightly to €21,000.
At present, a third of all car purchases in Austria are financed
through leasing. The VOL has 41 members, which manage a total of
€23 billion and about 540,000 leasing contracts.
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