2020 FIRST VIENNA RESIDENTIAL MARKET REPORT
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FIRST VIENNA
RESIDENTIAL
MARKET REPORT EDITION
2020
EDITORIAL
the future, and where do we start in tackling the land shortages and
rising construction costs? These are just some of the questions facing
us; additional factors that need to be considered include sustainability,
DEAR READER, digitisation, and cross-generational living. Building residential high-rises
is one possible option, but it will not solve all of the city’s residential
we are proud to present the First Vienna Residential Market Report, the issues. We will explore this topic in more detail on pages 13 and 14 of
eighth edition of our joint publication. this publication.
FIRST VIENNA
THE RESIDENTIAL MARKET in Vienna is markedly different from
that of many other cities, which is partly due to the numerous hous-
RESIDENTIAL
ing subsidy programmes and therefore also largely affordable housing. “We deal with the opportunities, risks and trends
MARKET
VIENNA IS ALSO a step ahead in terms of living quality, earning it the REPORT
that impact the Viennese residential market
title of world’s most liveable city for the tenth year in a row according to on a daily basis.”
the Mercer Study. The British Economist ranking confirmed www.residentialmarketvienna.at
this in 2019
as well as in 2018.
THE AUSTRIAN CAPITAL FACES a series of challenges in the resi- OUR MAIN AIM at BUWOG as Vienna’s largest private housing asso-
dential market despite, or even because of, the city’s great popularity. For ciation and EHL Immobilien as a leading real-estate service company is
example, the population has been growing more slowly than in previous to share our experience and expertise in this report. We have written it
years, but this growth has been continuous and is set to rise to around to provide a more in-depth, comprehensive view of the developments,
two million by the year 2027. prospects, and peculiarities of the Viennese residential market while of-
fering help in finding accommodation.
WE AT BUWOG AND EHL IMMOBILIEN deal with the opportunities,
risks and trends that impact the Viennese residential market on a daily WE WISH YOU an enjoyable browse through the First Vienna Residen-
basis: what needs and requirements will dominate residential space in tial Market Report for 2020. ×
YOURS SINCERELY
Mag. Daniel Riedl FRICS Andreas Holler, BSc Mag. Michael Ehlmaier FRICS DI Sandra Bauernfeind FRICS
Member of the Managing Director, Managing partner, Managing partner,
Management Board, BUWOG Group GmbH EHL Immobilien GmbH EHL Wohnen GmbH
Vonovia SE
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 02 03 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
INTRODUCTION INTRODUCTION
TABLE OF CONTENTS OUR MOTIVATION
01 EDITORIAL 36 1090 VIENNA · ALSERGRUND BUWOG AND EHL share comprehensive know-how and experience WHAT MAKES the First Vienna Residential Market Report unique:
38 1100 VIENNA · FAVORITEN in the property business from their long-standing presence in the real- we only include final prices – purchase prices or rental prices actually
40 1110 VIENNA · SIMMERING estate market. This eighth edition of the First Vienna Residential Market achieved – rather than offer prices.
INTRODUCTION 42 1120 VIENNA · MEIDLING Report combines the extensive expert knowledge of the two companies.
02 TABLE OF CONTENTS 44 1130 VIENNA · HIETZING THIS INCREASES the First Vienna Residential Market Report’s rele-
03 OUR MOTIVATION 46 1140 VIENNA · PENZING OUR SERVICE FOR READERS: vance while also ensuring its place as one of a kind compared to many
04 BUWOG GROUP GMBH 48 1150 VIENNA · RUDOLFSHEIM-FÜNFHAUS →→ A complete overview of developments other market reports and studies.
05 EHL IMMOBILIEN GROUP 50 1160 VIENNA · OTTAKRING on the Viennese residential market
52 1170 VIENNA · HERNALS →→ Important facts and figures ALL INFORMATION USED corresponds to the current state of aware-
54 1180 VIENNA · WÄHRING →→ Property trends ness and the latest data. The statistical information that the report draws
HOUSING MARKET 56 1190 VIENNA · DÖBLING →→ Comparative figures for Vienna and its on comes from Statistics Austria (the state statistics office) and the City of
06 OWNERSHIP STRUCTURE IN 2019 58 1200 VIENNA · BRIGITTENAU individual districts in the new updated edition Vienna (MA 23 – Economics, Labour and Statistics). ×
08 DEMOGRAPHICS OF AUSTRIA 60 1210 VIENNA · FLORIDSDORF
09 HOUSEHOLDS IN AUSTRIA 62 1220 VIENNA · DONAUSTADT
10 DEMOGRAPHICS OF VIENNA 64 1230 VIENNA · LIESING
11 HOUSEHOLDS IN VIENNA
PROJECTS
12 FACTS BUWOG & EHL IMMOBILIEN
13 FIGURES 66 MARINA TOWER / BUWOG
14 TRENDING TOPIC: RESIDENTIAL HIGH-RISES 67 KENNEDY GARDEN / BUWOG
16 THE SINUS-MILIEUS® 68 GRÜNSTÜCK22 / BUWOG
69 THE MARKS –TURM 3 / BUWOG
70 GRINZINGER ALLEE / BUWOG
DISTRICTS OF VIENNA 71 WILDGARTEN / EHL IMMOBILIEN
18 VIENNA AT A GLANCE 72 AN DER LÄNDE / EHL IMMOBILIEN
20 1010 VIENNA · INNERE STADT 73 LUXURY SUITES / EHL IMMOBILIEN
22 1020 VIENNA · LEOPOLDSTADT 74 IU – IDYLLISCH_URBAN / EHL IMMOBILIEN
24 1030 VIENNA · LANDSTRASSE 75 DIE GARTENRESIDENZ / EHL IMMOBILIEN
26 1040 VIENNA · WIEDEN
28 1050 VIENNA · MARGARETEN
30 1060 VIENNA · MARIAHILF 76 CLOSING WORDS
32 1070 VIENNA · NEUBAU 78 GLOSSARY
34 1080 VIENNA · JOSEFSTADT 80 IMPRINT
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 04 05 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
INTRODUCTION
© Arge Schuberth Schuberth / Stadler Prenn / Ostertag
BUWOG Group GmbH EHL Immobilien Group
BUWOG GROUP GMBH EHL IMMOBILIEN GROUP
BUWOG GROUP GMBH IS THE LEADING full-service company BUWOG GROUP GMBH CURRENTLY HAS MORE than 22,500 EHL WOHNEN GMBH is part of the EHL Immobilien Group and one of SIX EHL EXECUTIVES have been awarded a total of ten CÄSAR
in the Austrian residential market. The company aims towards creating units in Austria and around 6,000 residential units in the development the leading estate agents in Greater Vienna. Apart from arranging rented, oc- awards for outstanding achievement in the property business. Apart from
living satisfaction by gathering all our expertise and experience of more pipeline focused on the Austrian capital, Vienna. cupier-owned and investment contracts as well as brokering land and houses, that, EHL has received the IMMY award as the best estate agent nine
than sixty-nine years in developing and managing our projects. the company operates in property development consulting for developers with times over. Our customers benefit from a complete range of real-estate
AWARDS IN PROJECT DEVELOPMENT and sustainability have advice on optimised market-oriented design and marketing for their projects. services across the world as well as our own local experts thanks to our
BUWOG WORKS FROM a solid basis rich in know-how across the confirmed the company’s success in its activities on the property market, partnership with BNP Paribas Real Estate.
complete range of development and living. serving as a visible testament to the expertise, commitment, and profes- EHL IMMOBILIEN was founded in 1991, and is one of Austria’s leading
sionalism of our staff of around 370. residential property service suppliers specialising in residential, commer- IN 2019, EHL ARRANGED 1,300 residential unit deals (rental, prop-
WE COVER the entire value chain in the housing sector in Austria in cial, and investment properties. Our range of services extends from es- erty, investment) and 42,000 square metres of office space, command-
our business divisions of asset management, apartment sales, and pro- SINCE JANUARY 2019, the BUWOG Group GmbH has been a wholly tate agent services and property valuation to property and construction ing a total transaction volume of 1.16 billion euros. The annual volume
ject development using the synergistic effects of all these areas to meet owned subsidiary of Europe’s leading residential housing company, administration; asset, centre and portfolio management; market research from the fast-growing property valuation segment amounts to around
the highest expectations on quality from our customers. Vonovia SE, which is based in Bochum, Germany. × and investment consulting. Several awards stand witness to our responsi- 12.1 billion euros. Apart from that, EHL manages properties in a variety
ble approach in how we do business with customers and partners. of asset classes at a total of around two million square metres. ×
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 06
HOUSING
MARKET
OWNERSHIP STRUCTURE IN 2019
AROUND 931,000 APARTMENTS IN VIENNA count as inhabited, PEOPLE LIVING IN owner-occupied apartments occupy a roughly
with around 76 percent of households living in rented accommoda- equal share in Vienna and Austria; this share is rather low compared
tion – an extraordinary housing market compared to the other eight to other forms of housing, while still remaining largely stable. Naturally,
Austrian federal states. Of these 710,400 or so rented apartments, most Austrians prefer to live in single-family homes, and this is the main
around 409,600 are owned by the City of Vienna or non-profit housing household form across the country – as opposed to Vienna, where this
associations. share of households is very low. ×
HOUSING STOCK 2019 VIENNA AUSTRIA
approx. approx.
TOTAL PRIMARY RESIDENCES
931,000* 3,947,000 *
OWNERSHIP ABSOLUTE FIGURES ABSOLUTE FIGURES
HOUSE OWNER-OCCUPIERS 68,000 1,673,200
APARTMENT OWNER-OCCUPIERS 124,700 430,100
MAIN TENANTS (COLLECTIVE) 710,400 1,657,700
PRIVATE INDIVIDUALS AND LEGAL ENTITIES 307,200 710,500
PUBLIC CORPORATIONS 214,100 315,800
NOT-FOR-PROFIT HOUSING COOPERATIVES 195,500 631,500
SUBLEASES AND OTHER LEASE ARRANGEMENTS 27,900 186,000
* Source: Statistics Austria, own calculations. A household equals one apartment.
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 08 09 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
HOUSING
MARKET
DEMOGRAPHICS OF AUSTRIA HOUSEHOLDS IN AUSTRIA
AS AT JANUARY 1, 2019, AUSTRIA WAS home to 8,858,775 people, of whom 5,472,520 were between 20 and 64 years old. At the start of THE AVERAGE HOUSEHOLD SIZE of the 3,947,204 private households in Austria was 2.22 people in 2019. The trend towards small households
2019, the average age of the people living in Austria was 42.8 years. According to the latest forecasts, the population of Austria is expected to reach the continues. In 1984, the average household size was 2.70, while experts predict that this figure will drop to 2.09 by 2080. ×
nine million mark only in 2023. ×
DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND
FOR AUSTRIA AS AT JANUARY 1, 2019 MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA
2019 TO 2070 2019 TO 2080
8,858,775 9,793,189
Population Households
10,000,000 3,000,000
1,717,696 0–19 YEARS 2,692,921
2,500,000 2,453,843
8,000,000
1,668,559 > 65 YEARS 1,967,102
2,000,000
6,000,000
1,493,361
1,500,000
4,000,000
1,000,000
5,472,520 20–64 YEARS
2,000,000
500,000 SINGLE-PERSON HOUSEHOLDS
0 Year 0 Year MULTIPLE-PERSON HOUSEHOLDS
2000 2010 2030 2040 2050 2060 2019 2080
2019 2070
FORECAST FORECAST
→→ Nine million people will be living in Austria by 2023. →→ The number of single-person households is still growing.
→→ By 2070, the population of Austria is expected to rise to 9,793,189 people. →→ Between 2019 and 2080, single-person households are set to increase by 31.7%
→→ This corresponds to an increase by nearly 11% from 2019 to 2070. out of the total number of households in the respective year (from 1,493,361 to 1,967,102).
→→ By 2070, around 28.9 % of the population will be 65 years or over, up from 18.9% in 2019. →→ Between 2019 and 2080, multiple-person households are set to increase by only 9.7% out of the total number
→→ The number of people living in Austria below the age of 20 will continue to drop gradually, of households in the respective year (from 2,453,843 to 2,692,921).
from 19.4% in 2019 to 18.7% by 2070. →→ From 2019 to 2080, the total number of private households is expected to rise by 18.06% (from 3,947,204 to 4,660,023).
→→ The predicted average household size for 2080 is around 2.09 persons.
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 10 11 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
HOUSING
MARKET
DEMOGRAPHICS OF VIENNA HOUSEHOLDS IN VIENNA
AS AT JANUARY 1, 2019, the population of vienna was 1,897,491. Of these, 312,445 people were older than 65, and 366,693 were younger than VIENNA HAD AROUND 930,979 households with an average household size of just 2.04 persons in 2019. The households in Vienna account for
20 years of age. On January 1, 2019, the average age in Vienna was 40.4 years (41.7 for women and 39.0 for men). Current forecasts predict that the just below a quarter of all households in Austria. ×
population of the capital will only hit the two million mark in 2027. ×
DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR
FOR VIENNA AS AT JANUARY 1, 2019 SINGLE AND MULTIPLE-PERSON HOUSEHOLDS
2019 TO 2070 1,897,491 2,239,762
IN VIENNA
2019 TO 2080
Population Households
366,693 0–19 YEARS 595,160
2,000,000 600,000
549,799
508,603
312,445 > 65 YEARS 500,000
422,376
1,750,000 400,000
300,000
1,218,353 20–64 YEARS
1,500,000 200,000
100,000 SINGLE-PERSON HOUSEHOLDS
Year 0 Year MULTIPLE-PERSON HOUSEHOLDS
1,250,000
1985 1995 2005 2030 2040 2050 2060 2019 2080
2019 2070
FORECAST FORECAST
→→ Only by 2027, Vienna will have a population of more than two million. →→ Between 2019 and 2080, single-person households in Vienna are set to increase by more than 30.17%
→→ By 2070, the population of the city is expected to reach 2,239,762. out of the total number of households in the respective year (from 422,376 to 549,799).
→→ This corresponds to an increase of 18% from 2019 to 2070. →→ Between 2019 and 2080, multiple-person households in Vienna are set to increase by more than 17%
→→ By 2070, around 23.9% of the city's population will be 65 years or over, up from 16.5%. out of the total number of households in the respective year (from 508,603 to 595,160).
→→ The number of people in Vienna below the age of 20 will decrease →→ From 2019 to 2080, the number of private households will increase by more than 22.9% (from 930,979 to 1,144,959).
from 19.4% today to 19.2% by 2070. →→ It is expected that there will be more than one million households in Vienna by 2035.
→→ The predicted average household size for 2080 is 2.02 persons.
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 12 13 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
USEFUL FACTS VIENNA RISING! 21.
FACTS FIGURES
ABOUT VIENNA THE VIENNESE BUILDING CODE defines buildings taller than thirty-five metres as high-rise
buildings. Vienna has already exceeded this size limitation by far, following international trends.
THIS PAGE PROVIDES YOU WITH INTERESTING DETAILS on the Austrian capital – all at 19.
The coming years will continue to see many high-rise buildings rise into the sky, making lasting
one glance. × changes to the cityscape. ×
USABLE LIVING AREA* NUMBER OF BUILDINGS RESIDENTIAL HIGH-RISES* IN VIENNA 7
17
VIENNA: 38 m PER RESIDENT OVER TIME** 18. 20.
2 18
17.
Residential high-rise District Altitude in m Status 1
Lowest living area: 3
1. DC Tower 2 22 approx. 175 m in planning 2
Favoriten: Highest living area:
31 m² per resident Innere Stadt: 2. Danube Flats 22 approx. 160 m in planning
9.
65 m² per resident
14.
3. Neue Donau high-rise 22 150 m completed
4. MARINA TOWER 2 approx. 138 m under construction
UP TO 39 m 2 5.
16. MGC Plaza "The Marks" 3 100–121.5 m under construction
21.
180,553
153,693
134,321
164,746
168,167
96,209
(3 residential high-rises) (105–126 m)
67,292
74,481
40 TO 49 m 2 6. TRIIIPLE 1 3 116 m under construction 10 14
> 50 m 2 TRIIIPLE 2 3 107 m under construction
1951 1961 1971 1981 1991 2001 2011 2019 7.
TRIIIPLE 3
Mischek Tower
3
22
120 m
110 m
under construction
completed 8. 19.
1.
9
8. Hoch 33 10 110 m completed 15
7.
in planning 18.
3.
9. V22 22 approx. 110 m 20.
10. Citygate Living Tower 21 100 m 17.
completed
19
14. 9.
POPULATION DENSITY **
PUBLIC 11. Delugan-Meissl-Tower 10 99 m completed
2.
16.
12. High-rise at Viertel Zwei 2 90 m kick-off in 2020 12
TRANSPORT***
6.
VIENNA: 45.7 PERSONS PER HECTARE "Grünblick" 8.
4. 1. 4 22.
15.
13. Alterlaa residential park 23 85.1 m completed
7. 3.
14. Leopoldtower 21 85 m completed 6 6 6
Lowest density: Highest density: PASSEN- LENGTH 2.
5. 6.
LINES 15. Höchstädtplatz 4.
Hietzing Margareten GERS OF LINES
residential high-rise 20 83.5 m completed
15. 5
14.3 persons 275.4 persons 5.
per hectare per hectare 16. Mischek-Coop-Tower 10 83 m completed
13.
13.
METRO SERVICES 463.1 Mio. 83.0 km 5 12.
UP TO 100
101 TO 200
TRAMS 305.8 Mio. 220.5 km 28
17.
18.
19.
SEG Apartment Tower
Obelixturm
Residential high-rises
22
22
82 m
80 m
approx.
12. completed
completed
16 11 20 8
13 11.
201 AND MORE in the Nordbahn quarter 2 60–80 m in planning 21.
BUSES 197.3 Mio. 649.2 km 129
20. Monte Verde 10. 10 14
residential high-rise 10 77 m 23.
completed
TOTAL 966.2 Mio. 952.7 km 162 19. 19. 9
** Source: EHL Market Research
COMPLETED
UNDER
CONSTRUCTION
14.
17.
18.
IN PLANNING
14. 9.
20.
17.
15
11.
19
18.
14. 9.
20.
15
1
16. 16. 16.
12
GREEN SPACE IN PERCENT ***
STREETS IN VIENNA ***
RESIDENTIAL HIGH-RISES IN INTERNATIONAL COMPARISON * ** 8. 1. 8.
4 1.
VIENNA: 47.1% (OUT OF TOTAL AREA) 10. 7.
6. 4.
3.
6 6 6
7.
2.
6. 4.
6
3
23.
SHORTEST STREET: IRISGASSE 17.0 m 15. 15.
5
5. 5.
*** As at 2018
13. 13.
12. 12. 13.
* High-rises with more than 85% residential use
Highest percentage Lowest percentage LONGEST STREET: HÖHENSTRASSE 14.8 km 16 11 20 8 16 11 20
of green space: of green space:
Hietzing: 70.6% Josefstadt: 1.9% 13 13 11.
TOTAL LENGTH OF STREETS 2,784 km
10.
23. 23.
** As at 2019
UP TO 25% NUMBER OF ROADWAYS 6,906
425.5 m
26 TO 50%
308 m
322 m
435 m
335 m
352 m
392 m
472 m
310 m
413 m
381 m
317 m
> 51%
* As at 2011
Central Park 111 West 432 Park Princess 23 Marina Elite Marina DAMC Q1 HHHR Ocean Burj Rafal
Tower 57th Street Avenue Tower Dubai, Residence Torch Heights Gold Coast, Tower Heights Riad,
NYC, NYC, NYC, Dubai, UAE Dubai, Dubai, Dubai, Australia Dubai, Dubai, Saudi
USA USA USA UAE UAE UAE UAE UAE UAE Arabia
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 14
TRENDING
TOPIC
RESIDENTIAL HIGH-RISES
THEY ARE NOW PRESENT IN MANY PARTS of Vienna: high- THE UPPER FLOORS in these residential high-rises in particular set
rise buildings soaring above the roofs of the city. Floridsdorf, Donaustadt, the apartments apart from the urban bustle while also creating a sensation
parts of Favoriten – the Austrian capital’s skyline would be hard to imagine of being in the midst of it. Residential high-rises also provide that feeling
without the DC Tower, Millennium Tower, or Twin Tower. High-rise build- of anonymity contrasting with the sensation of being part of a greater
ings may have been used only as office towers for a long time, but the city whole. The many common areas in the buildings contribute to that. Apart
of Vienna and residential property developers have realised that this form from classical children’s playrooms, projects with several hundred resi-
of architecture provides a host of benefits. dential units that are so typical of residential high-rises also include shared
kitchens, lobbies, and shared terraces.
VIENNA IS SET TO BREAK the two-million population threshold in
2027 as housing and areas for development become increasingly scarce.
This meant that it was high time for developers to take a closer look at
residential high-rises and start building upwards, causing population den- “The upper floors in these residential high-rises
sification.
set the apartments apart from the urban bustle
while also creating a sensation of being in the
midst of it.”
“High-rise buildings may have been used
only as office towers for a long time, but
the city of Vienna and residential property
RESIDENTIAL HIGH-RISES also benefit from convenient infra-
developers have realised that this form of
structure: residents find everything they could possibly need from local
architecture provides a host of benefits.” suppliers and other everyday services to pharmacies, day-care centres,
and schools to local pubs and restaurants right next door. These areas
generally have good transport links: all of Vienna’s (future) residential
high-rises have a metro station nearby, such as the U3 from "The Marks"
PROJECTS SUCH AS THE "MARINA TOWER", "TRIIIPLE", and "The or U2 from "Marina Tower", and are never far from a motorway ensuring
Marks" are currently under construction, showcasing Vienna’s future hu- fast and easy access for motorists.
© BUWOG / Stephan Huger
man habitat. From subsidised rent to exclusive properties, Vienna caters
to a wide demographic in residential high-rises under development. This THE CHARM OF A TOWNHOUSE FLAT in the heart of Vienna
generates new prospects for future residents with the panoramic views cannot compare with that of a residential tower, of course. Even so, the
many of these high-rises have over the city creating an entirely new living "upward" trend is unstoppable, and will soon be regarded as the state-
atmosphere. of-the-art way of living. ×
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 16 17 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
UPPER CLASS
THE
SINUS-
SINUS-
MILIEUS ®
MILIEUS ®
WHO LIVES HOW
ESTABLISHED. The performance-oriented elite with a strong POSTMATERIALISTS. Open-minded social critics – intellectual,
THE FOLLOWING PAGES GIVE A SUMMARY OF SINUS-MILIEUS®. Sinus-Milieus® constitute a model that groups people according to their anchorage in tradition – strongly focused on status, exclusiveness, educated milieu, interested in variegated aspects of culture; cos-
basic attitudes and lifestyles. Sinus-Milieu groups differ with regard to their consumer behaviour, lifestyle, and living environment. Further details on responsibility, and leadership. The apartments are often a stylishly mopolitan orientation, but critical towards globalisation; socially
Sinus-Milieus® are given on page 78. × harmonious combination of traditional and modern. committed. Home styles are dominated by a sense of nature and
authenticity; distinction from the mainstream plays a crucial role.
TRADITIONAL MILIEUS
CONSERVATIVES. Trendsetters in the traditional sphere with high TRADITIONALS. Emphasis on security, order, and stability – HIGH ACHIEVERS. The flexible and globally oriented performance DIGITAL INDIVIDUALISTS. The individualistic, networking, digital
ethics of responsibility – strongly characterised by Christian ethics, rooted in the old petty-bourgeois world, in the traditional elite – individual performance, efficiency, and success take top avant-garde – mentally and geographically mobile, cross-linked
high estimation of arts and culture, sceptical towards current soc blue-collar culture, or in the rural milieu. Home tastes are priority; competent in business and IT. High achievers appreciate online and offline, permanently looking for new experiences.
ial development. Home is an expression of upper or middle-class based on traditional cosiness and rural aesthetics. open, generously dimensioned interior designs that focus on The home is creatively designed with deliberately unconventional
lifestyle in clear distinction from current attitudes. presentation. highlights.
CENTRAL MILIEUS THE MODERN LOWER CLASS
THE NEW MIDDLE CLASS. The adaptive mainstream – seeking ADAPTIVE-PRAGMATISTS. The young pragmatist middle CONSUMPTION ORIENTED. The materialistic lower class ESCAPISTS. The modern lower middle class, living for the
professional and social establishment, secure and harmonic stratum – pronounced life-pragmatism, strong desire for striving for participation – sense of discrimination, resentments, excitement of the moment – seeking fun and amusement;
circumstances, support and orientation, peace and a slow pace. anchorage, membership, security, performance orientation, and pronounced fears of the future; striving to stay connected rejection of traditional standards and conventions. The aesthetic
They prefer interiors with neo-rustic, conventional aesthetics. but also the wish for fun and entertainment. The prevailing with the consumption standards of the middle class. An attempt of heavy stimuli dominates with a zest for provocation and
lifestyle is either trendy or quiet and down-to-earth. is made to present an intact and bourgeois living environment. challenging taboos.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 18 19 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
DISTRICTS
OF VIENNA
THE TABLE CONTAINS all key data and facts regarding population, SALES PRICES are represented as purchase prices per square metre of
income, property prices, and rental prices. The quoted prices are not net living area, excluding parking and incidental costs. The section below
asking or advertised prices but the prices per square metre that were provides more detailed information on the individual districts, including key
actually paid upon signing of the contract. ×
demographic data, statistics, and special features within the districts.
VIENNA AT A GLANCE
SALE PRICES RENTAL PRICES
DISTRICTS RESIDENTS INCOME*
ON CONCLUSION ON CONCLUSION
THE MAP OF VIENNA provides an overview of the city districts. For
FIRST FIRST
better orientation, the map also shows underground metro lines and OCCUPANCY**
OTHER
OCCUPANCY** OTHER
major roads/motorways. Metro lines that are planned or currently under 1010 VIENNA · INNERE STADT 16,306 € 26,480 n/a*** n/a*** n/a*** n/a***
construction are shown as broken lines. × 1020 VIENNA · LEOPOLDSTADT 104,946 € 22,904 € 5,4 00 € 4,000 € 12.50 € 10.50
1030 VIENNA · LANDSTRASSE 91,745 € 24,172 € 5,600 € 4,100 € 12.70 € 11.00
PLANNED EXTENSION OF U2 METRO LINE
PLANNED EXTENSION OF U5 METRO LINE 1040 VIENNA · WIEDEN 33,263 € 25,878 € 5,700 € 4,200 € 13.20 € 11.20
CURRENT ROUTE OF U2 METRO LINE, 1050 VIENNA · MARGARETEN 55,407 € 20,479 € 5,200 € 3,900 € 12.00 € 10.70
TO BECOME U5 METRO LINE
1060 VIENNA · MARIAHILF 31,864 € 23,971 € 5,500 € 4,100 € 13.10 € 11.10
A22 21. U Leopoldau
1070 VIENNA · NEUBAU 32,288 € 25,100 € 6,000 € 4,500 € 13.10 € 11.10
1080 VIENNA · JOSEFSTADT 25,466 € 25,142 € 6,500 € 4,700 € 13.20 € 11.40
19. U Floridsdorf 1090 VIENNA · ALSERGRUND 41,958 € 24,701 € 6,100 € 4,400 € 13.10 € 11.20
S2
U Heiligenstadt 1100 VIENNA · FAVORITEN 204,142 € 19,478 € 4,500 € 2,900 € 11.20 € 9.40
20. 1110 VIENNA · SIMMERING 103,008 € 21,606 € 4,000 € 2,600 € 10.50 € 9.20
18. U Spittelau
17. 1120 VIENNA · MEIDLING 97,634 € 20,537 € 4,500 € 3,100 € 11.50 € 10.20
14. 9. U Seestadt 53,778 € 29,575 € 6,100 € 4,300 € 13.00 € 11.30
16. U Elterleinplatz *
1130 VIENNA · HIETZING
U Ottakring
8.
1. 1140 VIENNA · PENZING 92,990 € 23,755 € 4,700 € 3,200 € 11.70 € 10.50
U Stephansplatz 2. 22. 1150 VIENNA · RUDOLFSHEIM 77,621 € 18,528 € 4,400 € 3,000 € 11.50 € 10.30
7.
U Karlsplatz
U Westbahnhof 1160 VIENNA · OTTAKRING 103,785 € 21,168 € 4,500 € 3,000 € 11.40 € 10.40
U Hütteldorf
15. 6. 4. 3. 1170 VIENNA · HERNALS 57,292 € 22,386 € 4,250 € 3,000 € 11.30 € 10.20
A1
5.
1180 VIENNA · WÄHRING 51,587 € 26,770 € 5,900 € 4,000 € 12.60 € 10.80
13.
12. U Simmering
1190 VIENNA · DÖBLING 72,947 € 28,004 € 6,500 € 4,400 € 13.00 € 10.90
U Wienerberg *
1200 VIENNA · BRIGITTENAU 86,502 € 18,674 € 4,300 € 2,900 € 11.50 € 10.40
11. A4
1210 VIENNA · FLORIDSDORF 165,673 € 23,220 € 4,250 € 2,900 € 11.10 € 10.20
10. 1220 VIENNA · DONAUSTADT 191,008 € 25,323 € 4,400 € 2,900 € 11.40 € 10.20
23.
A23 U Oberlaa 1230 VIENNA · LIESING 106,281 € 26,063 € 4,100 € 3,000 € 10.60 € 10.00
U Siebenhirten
S1 * Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
VIENNA AIRPORT ** Weighted average price
* in planning A21 *** The report assumes residential rents that are not subject to the full scope of the Austrian Tenancy Act.
The sample from the First District was too small to deliver any valid information, and has been omitted in the rent levels statistic.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 20
1010 VIENNA’S NUMBER ONE
**** The report assumes residential rents that are not subject to the full scope of the Austrian Tenancy Act. The sample from the First District was too
INNERE STADT ADDRESS
© Free Dimensions
V
IENNA’S FIRST DISTRICT is undergoing a residential de- PRESTIGIOUS PROJECTS are currently under construction around
velopment boom the likes of which it has not seen for years. the City Hall, on Börseplatz 1, on Parkring 14, and at Palais Schotten- Börseplatz 1 / EHL Immobilien
Experience from recent years has shown that luxury is not a ring. Franz-Josefs-Kai also has new development projects being planned.
small to deliver any valid information, and has been omitted in the rent levels statistic.
question of size with demand for one and two-bedroom apartments rap- The district’s hotspots include Börseplatz, Graben, and the area around
idly growing. Tuchlauben. × HOUSING FACTS GOOD TO KNOW
U Schottenring 16,306 RESIDENTS 2019 38.8 km OF CYCLE PATHS
8,921 MAIN RESIDENCES 2018 515 DOCTORS *
U Schottentor
1.83 PERSONS/HOUSEHOLD 2018 2 DOG ZONES
Börse-
platz
9 PLAYGROUNDS
U Schwedenplatz MOVED IN + 949
Tuch 9.6% GREEN SPACE WITH
lauben Rotenturmstraße MOVED OUT – 822
2,718 TREES **
U Rathaus MIGRATION BALANCE +127
U Herrengasse
Graben
U Stephansplatz
U Stubentor
DEMOGRAPHIC FACTS
average annual net income for employees in total, in euros,
U Volkstheater Kärntner Straße
*** Source: Statistics Austria, wage tax statistics for 2018,
FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Stadtpark VIENNA 30.2%
U Museumsquartier 4.5% 0–5 YEARS
-5.3% INNERE STADT 24.9%
5.7% 6–14 YEARS
HOTSPOTS 9.2% 15–24 YEARS
valid as at December 2019
U Karlsplatz
AVERAGE INCOME*** 55.2% 25–64 YEARS
25.4% > 65 YEARS
€ 26,480 INNERE STADT
€ 22,943 VIENNA AGE 46.6 YEARS
SPECIAL FEATURES OF DISTRICT
** Trees on public roads, that is, not in parks and gardens, managed
by the municipal authorities according to the tree cadastre (2018)
The city centre is a diverse part of Vienna, and is hugely popular amongst coffeehouse culture is still celebrated. Ringstraße is a downtown boule-
inhabitants and tourists. Its exclusivity attracts especially the High Achiev vard that replaced what was once the city walls in the mid-eighteenth
* Total of general practitioners, specialists, and dentists
ers and Established Sinus-Milieus®: High Achievers appreciate the cos- century, and is now a varied and rich high-street shopping experience. HOUSING COSTS (PRICE/m²) RENTED
WOHNEN
mopolitan environment and (PREIS/m
its proximity) to trendy restaurants, while the
2 EIGENTUM
It also provides an opportunity to stroll through the city and take in all FIRST OCCUPANCY �������������������������������������������� n/a ****
ERSTBEZUG
Established find contentment in their prestigious residential area close to kinds of architectures and institutions telling their own fascinating story.
SONSTIGE OWNER-OCCUPIED OTHER ����������������������������������������������������������������� n/a ****
cultural institutions such as the State Opera and Albertina Museum. One
MIETE building can be found at Bauernmarkt 10, where famous author
such FIRST OCCUPANCY ������������������������������������������ n/a ****
Franz Grillparzer was born. Just under fifty percent of the area has been
ERSTBEZUG OTHER ��������������������������������������������������������������� n/a **** INVESTMENT PROPERTY��������� € 6,800 to € 9,850/m2
Life is there to be enjoyed over a slice of the legendary Sachertorte choco- developed,
SONSTIGEbut the green areas in the city centre that account for around
late cake or melange coffee in the iconic Café Hawelka, where Viennese ten percent of the total area of the district provide a uniquely elegant flair. In this district, 160 changes of ownership were registered in the land registry in 2019, with a total sales value
ZINSHAUS of approx. 237 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 22
**** Increased purchase price per square metre due to dominant retail and trade zoning
1020
LEOPOLDSTADT
CENTRAL DIVERSITY
© isochrome
L
EOPOLDSTADT IS ONE OF Vienna’s largest downtown ALONG THE BANKS OF THE DANUBE, DONAUUFER IS expe-
development zones, and a highly sought-after district as re riencing a revival with residential high-rises such as "MARINA TOWER" Wehlistraße 291 / BUWOG
flected in the construction projects: development on what was alongside the Second District’s other high-rise projects in develop-
once the Nordbahnhof railway station is already halfway to completion. ment. Other hotspots in the district include the Vienna University
This gradual development should see around ten thousand residential of Economics and Business (WU) Campus, Stuwerviertel, and the HOUSING FACTS GOOD TO KNOW
units and twenty thousand jobs created in the area by 2025. Prater. ×
104,946 RESIDENTS 2019 108.0 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
52,139 MAIN RESIDENCES 2018 271 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
2.01 PERSONS/HOUSEHOLD 2018 14 DOG ZONES
120 PLAYGROUNDS
Nord- MOVED IN + 6,239
bahnhof 44.4% GREEN SPACE WITH
U Praterstern MOVED OUT – 5,652
U Schottenring Stuwer- 8,188 TREES **
viertel WU- MIGRATION BALANCE +587
Campus/ U Stadion
U Schwedenplatz Messe
Handelskai
Hauptallee
Prater U Donaumarina
DEMOGRAPHIC FACTS
Praterkai
FOREIGN NATIONALS AGE PROFILE OF POPULATION
VIENNA 30.2%
6.4% 0–5 YEARS
LEOPOLDSTADT 34.4% +4.2% 8.4% 6–14 YEARS
12.4% 15–24 YEARS
HOTSPOTS AVERAGE INCOME*** 57.9% 25–64 YEARS
14.8% > 65 YEARS
€ 22,904 LEOPOLDSTADT
€ 22,943 VIENNA AGE 39.3 YEARS
SPECIAL FEATURES OF DISTRICT
The Consumption Oriented Sinus-Milieu® is especially heavily represented The district’s location places it within easy reach of other districts and a
in Leopoldstadt. This milieu appreciates the district’s urban grätzel struc- variety of recreational and leisure activities in Leopoldstadt. Augarten is
ture of small Viennese neighbourhoods with their traditional pub and one of the oldest and most culturally significant parks in the city at more * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
tavern life, while attaching great importance to affordable housing and than fifty-two hectares – ideal for long strolls outdoors. FIRST OCCUPANCY ��������������� € 12.1 0/m2 to € 12.70/m2
budget shopping opportunities. OWNER-OCCUPIED weighted average ������������������������������������������� € 12.50/m2
The Vienna Prater, nearby football stadium, and Praterallee provide not FIRST OCCUPANCY ������������������������������������� € 5,400/m 2
OTHER ����������������������������������������������������������� € 10.50/m2
Located between Donaukanal and the Danube, greats of the Second Dis- only a district for leisure, but also a recreational area for active sports fans OTHER ���������������������������������������������������������� € 4,000/m2 INVESTMENT PROPERTY���������� € 2,400 to € 6,200/m2 ****
trict included Johann Strauß, who composed The Blue Danube waltz at as well as spectators. Leopoldstadt is especially popular due to the green
Praterstraße 54 in 1867. areas taking up almost forty-five percent of the total area of the district. In this district, 721 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 218 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 24
1030 INNOVATIVE DEVELOPMENT
© BUWOG / Janusch – a visual collective
LANDSTRASSE
L
ANDSTRASSE HAS THE HEAVIEST downtown develop- OTHER MAJOR project developments such as "IU – idyllisch_urban",
ment, and is the definitive area of residential high-rises. These in- "An der Lände 36–38", and "Lände 3" on Erdberger Lände reflect the Döblerhofstraße 10 / BUWOG
clude the three residential high-rises in the "TRIIIPLE" project on unceasing popularity of the district as do the areas around the Stadtpark
Erdberger Lände and "The Marks" at St. Marx. municipal park, Rochusmarkt, Erdberger Lände, and Erdberger Mais. ×
HOUSING FACTS GOOD TO KNOW
91,745 RESIDENTS 2019 63.7 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
Weißgerberlände 47,309 MAIN RESIDENCES 2018 331 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
U Landstraße
1.94 PERSONS/HOUSEHOLD 2018 12 DOG ZONES
Stadtpark
U Stadtpark 60 PLAYGROUNDS
U Rochusgasse
MOVED IN + 5 ,196
Rochus- 14.9% GREEN SPACE WITH
markt MOVED OUT – 4,383
U Kardinal-Nagl-Platz 2,203 TREES **
Erd- MIGRATION BALANCE +813
Landstraßer Hauptstraße berger
Lände
Rennweg U Schlachthausgasse
Rennweg U Erdberg DEMOGRAPHIC FACTS
Erdberger
Mais
St. Marx FOREIGN NATIONALS AGE PROFILE OF POPULATION
Quartier Belvedere
Landstraßer Gürtel VIENNA 30.2%
U Gasometer 5.6% 0–5 YEARS
LANDSTRASSE 31.8% +1.6% 7.2% 6–14 YEARS
11.1% 15–24 YEARS
HOTSPOTS AVERAGE INCOME*** 59.8% 25–64 YEARS
16.3% > 65 YEARS
€ 24,172 LANDSTRASSE
€ 22,943 VIENNA AGE 40.9 YEARS
SPECIAL FEATURES OF DISTRICT
The Third District has seen some change since Ludwig van Beethoven attract the High Achievers Sinus-Milieu®. Landstraße is a place of contra- * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
composed his Ninth Symphony, Ode to Joy, at Ungargasse 46. The Third dictions reflected in the district’s structure: vibrant shopping streets, an at- FIRST OCCUPANCY �������������� € 12.20/m2 to € 13.00/m2
District, or simply “the Third”, has experienced a variety of development tractive local scene around Rochusmarkt, the upmarket embassy quarter, OWNER-OCCUPIED weighted average ������������������������������������������� € 12.70/m2
activities such as the St. Marx urban development area. A state-of-the-art working-class grätzel neighbourhoods, and cultural institutions such as FIRST OCCUPANCY ������������������������������������� € 5,600/m 2
OTHER ����������������������������������������������������������� € 11.00/m2
centre for research, media and housing was built here; an event hall with Kunst Haus Wien, Rabenhoftheater, and Akademietheater stand witness OTHER ����������������������������������������������������������� € 4,100/m2 INVESTMENT PROPERTY���������� € 2,400 to € 4,600/m2
the latest in technical equipment is soon to grace the area. Apart from its to the district’s diversity. As do its parklands that make up around fifteen
proximity to downtown Vienna, this is another reason for the district to percent of the local green space. In this district, 876 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 301 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 26
1040 WIEDEN
BLISSFUL LIVING IN WIEDEN
T
HE FOURTH DISTRICT is rather small in area and residen- straße as well as along the border to the First District. The area around
tial construction projects are relatively scarce. Even so, Wiedner Südtiroler Platz is popular, which is mainly due to its good transport links Wohllebengasse 6 / EHL Immobilien
Hauptstraße is undergoing some highly attractive transforma- to the Vienna metro and regional railway services. Other hotspots in the
tions. There are exciting project developments such as on Argentinier- district include Naschmarkt and Freihausviertel. ×
HOUSING FACTS GOOD TO KNOW
33,263 RESIDENTS 2019 15.2 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
17,219 MAIN RESIDENCES 2018 178 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
U Karlsplatz
Nasch- Frei- 1.93 PERSONS/HOUSEHOLD 2018 2 DOG ZONES
markt haus-
viertel
38 PLAYGROUNDS
Argenti-
nier- MOVED IN + 2,254
straße 10.0% GREEN SPACE WITH
MOVED OUT – 1,864
Prinz-Eugen-Straße 539 TREES **
U Taubstummengasse MIGRATION BALANCE +390
DEMOGRAPHIC FACTS
Favoritenstraße
FOREIGN NATIONALS AGE PROFILE OF POPULATION
Süd- VIENNA 30.2%
tiroler
Platz U Südtiroler Platz 4.9% 0–5 YEARS
Hauptbahnhof WIEDEN 32.4% +2.2% 6.8% 6–14 YEARS
11.5% 15–24 YEARS
HOTSPOTS
AVERAGE INCOME*** 59.8% 25–64 YEARS
17.0% > 65 YEARS
€ 25,878 WIEDEN
€ 22,943 VIENNA AGE 41.5 YEARS
SPECIAL FEATURES OF DISTRICT
Wieden has its attractions for residents even if green space only takes up of historical and cultural value: Antonio Vivaldi found his final resting
around ten percent of the district’s area. The Postmaterialists Sinus-Milieu® place at Karlsplatz 13 in 1741, which is also where Dr. Karl Lueger, a former * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
appreciates the district’s proximity to learning institutions such as the The- Lord Mayor of Vienna, was born just under a century later. FIRST OCCUPANCY �������������� € 13.00/m2 to € 13.50/m2
resian Academy and the Technical University, and the well-developed net- OWNER-OCCUPIED weighted average ������������������������������������������� € 13.20/m2
work of cycle paths. High Achievers are equally well-represented as they Apart from that, the Otto Wagner Pavillon and the Church of St. Charles, FIRST OCCUPANCY ������������������������������������� € 5,700/m 2
OTHER ����������������������������������������������������������� € 11.20/m2
appreciate the diverse restaurants and cafés and the centrally located, considered to be one of the landmarks of Vienna, are located right at OTHER ���������������������������������������������������������� € 4,200/m2 INVESTMENT PROPERTY���������� € 3,200 to € 4,400/m2
prestigious residential environment close to the city centre. Karlsplatz has Karlspatz. The Funkhaus Wien broadcasting centre – home to the Vienna
come to be regarded as a main metro junction with much to offer in terms Radio Symphony Orchestra – is located next door to Argentinierstraße. In this district, 277 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 118 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 28
1050
MARGARETEN
RUSTIC CHARM
T
© EHL
HE ONGOING EXTENSION to the metro network has al- as well as the major companies setting up shop there. Margareten has
ready initiated an increase in prices around Matzleinsdorfer undergone substantial upgrading in the last few years, and is catching up Margaretenstraße 131–135 / EHL Immobilien
Platz. The area also benefits from modern high-rise buildings with the Sixth District. Naschmarkt and Margaretenplatz are amongst the
between the Hauptbahnhof main railway station and the Fifth District hotspots of the district. ×
HOUSING FACTS GOOD TO KNOW
Nasch-
55,407 RESIDENTS 2019 26.0 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
markt
U Kettenbrückengasse
29,355 MAIN RESIDENCES 2018 145 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
1.89 PERSONS/HOUSEHOLD 2018 8 DOG ZONES
62 PLAYGROUNDS
U Pilgramgasse MOVED IN + 3,407
Margare-
tenplatz 4.4% GREEN SPACE WITH
MOVED OUT – 3,050
758 TREES **
MIGRATION BALANCE +357
U Margaretengürtel
DEMOGRAPHIC FACTS
Wiedner Hauptstraße
Reinprechtsdorfer Straße
FOREIGN NATIONALS AGE PROFILE OF POPULATION
VIENNA 30.2%
5.3% 0–5 YEARS
MARGARETEN 37.6% +7.4% 6.6% 6–14 YEARS
11.9% 15–24 YEARS
Matzleinsdorfer Platz HOTSPOTS
AVERAGE INCOME*** 62.3% 25–64 YEARS
14.0% > 65 YEARS
€ 20,479 MARGARETEN
€ 22,943 VIENNA AGE 39.6 YEARS
SPECIAL FEATURES OF DISTRICT
Margareten used to be known as a working-class district, but has since that Falco wrote Der Kommissar, his major international chart hit, here
developed into a hip area with plenty of start-ups. Even so, the Fifth Dis- at Ziegelofengasse 37. Even now, the district is especially attractive to the * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
trict has lost none of its rustic charm: publicly accessible inner courtyards Escapists Sinus-Mileu®, who also appreciates the low cost of housing close FIRST OCCUPANCY �������������� € 11.80/m2 to € 12.30/m2
in some of the older buildings – often hidden away and only familiar to to the Vienna Beltway. Nearly sixty-five percent in developed area provides OWNER-OCCUPIED weighted average ������������������������������������������� € 12.00/m2
those who know the district – such as Schlossquadrat, provide not only plenty of space for attractive student housing, cultural diversity, and a FIRST OCCUPANCY ������������������������������������� € 5,200/m 2
OTHER ����������������������������������������������������������� € 10.70/m2
a host of cafés and restaurants but also welcome shade from the sun in trendy bar and restaurant scene, which also makes Margareten especially OTHER ���������������������������������������������������������� € 3,900/m2 INVESTMENT PROPERTY���������� € 2,050 to € 3,500/m2
the hot summer months in the city. The Fifth District, or “the Fifth” to the attractive to Digital Individualists. The district has a number of small public
locals, is home to the alternative arts scene, so it comes as no surprise parks despite the low proportion of green space at just 4.4 percent. In this district, 355 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 87 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 30
**** Increased purchase price per square metre due to dominant retail and trade zoning
1060MARIAHILF
TASTEFUL VARIETY
A
© EHL
LREADY WELL-DEVELOPED, the Sixth District is gaining nature of the area. Nonetheless, demand for housing is high, albeit with a
in attractiveness from the newly designed Mariahilfer Straße definite slope towards the Westbahnhof railway station and the Beltway. Mollardgasse 27 / EHL Immobilien
and planned metro extension linking Mariahilf to the U2 metro Sought-after residential areas mainly include Gumpendorfer Straße and
line. There are few construction projects here due to the well-developed the areas around Naschmarkt and Getreidemarkt. ×
HOUSING FACTS GOOD TO KNOW
31,864 RESIDENTS 2019 18.5 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
U Museumsquartier
16,999 MAIN RESIDENCES 2018 191 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
Getreide-
Mariahilfer Straße markt
U Neubaugasse
1.87 PERSONS/HOUSEHOLD 2018 3 DOG ZONES
Maria-
hilfer Gumpen-
Straße dorfer Nasch- 37 PLAYGROUNDS
Straße markt
U Zieglergasse MOVED IN + 2,102
Mariahilfer Straße Gumpendorfer Straße 2.1% GREEN SPACE WITH
U Kettenbrückengasse MOVED OUT – 1,733
512 TREES **
U Westbahnhof MIGRATION BALANCE +369
U Pilgramgasse DEMOGRAPHIC FACTS
FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Gumpendorfer Straße
HOTSPOTS VIENNA 30.2%
4.6% 0–5 YEARS
U Margaretengürtel MARIAHILF 30.2% +0.0% 5.5% 6–14 YEARS
11.7% 15–24 YEARS
AVERAGE INCOME*** 63.0% 25–64 YEARS
15.2% > 65 YEARS
€ 23,971 MARIAHILF
€ 22,943 VIENNA AGE 40.9 YEARS
SPECIAL FEATURES OF DISTRICT
You can argue about taste – except in Mariahilf. The variety is so great as it is to any other visitor to the district: every day sees an unusually
here that it makes up for the lack of green space at only two percent: lively environment brimming with lifestyle and flair with around a hundred
Mariahilfer Straße, Austria’s longest high street, and Gumpendorfer Straße and twenty market stalls on an area of 2.3 hectares. From gourmet deli * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
provide a wide variety of local and individual shops as well as interna catessens to a variety of dining establishments, fine eaters are guaranteed FIRST OCCUPANCY �������������� € 12.70/m2 to € 13.20/m2
tional chain stores. satisfaction until the late evening hours. An impressive range of muse- OWNER-OCCUPIED weighted average �������������������������������������������� € 13.10/m2
ums, collections, and theatres provide the district’s cultural highlights. The FIRST OCCUPANCY ������������������������������������� € 5,500/m 2
OTHER ������������������������������������������������������������ € 11.10/m2
The High Achievers Sinus-Milieu® especially appreciates this, while Postma- Raimund Theater, which is mainly used for musicals, is one such attraction. OTHER ���������������������������������������������������������� € 4,100/m2 INVESTMENT PROPERTY������������€ 2,100 to € 5,100/m2 ****
terialists enjoy the abundance of places to meet as well as the cycle paths The theatre was named after the actor Ferdinand Raimund, who was born
and pedestrian precincts. Naschmarkt is as attractive to High Achievers at Mariahilfer Straße 45 in 1790. In this district, 268 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 92 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 32
**** Increased purchase price per square metre due to dominant retail and trade zoning
IT DOESN’ T GET MUCH
1070 NEUBAU COOLER THAN THIS
W
© EHL
ALKING THROUGH THE DISTRICT, the drop in attrac- especially high around the Museumsquartier and Neubaugasse hotspots.
tiveness becomes apparent the closer you get to the Beltway. "Über den Linden" is one of the construction projects in the Seventh Kaiserstraße 77 / EHL Immobilien
Even so, Neubau still excels in its wide range of attractions, District; what will be the tallest residential high-rise in the district is cur-
and is still a very popular residential district. Demand for housing is rently under construction. ×
HOUSING FACTS GOOD TO KNOW
32,288 RESIDENTS 2019 17.8 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
17,748 MAIN RESIDENCES 2018 182 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
U Thaliastraße
1.82 PERSONS/HOUSEHOLD 2018 2 DOG ZONES
46 PLAYGROUNDS
U Volkstheater MOVED IN + 2,109
Burggasse 2.3% GREEN SPACE WITH
MOVED OUT – 1,714
Muse- 570 TREES **
ums- MIGRATION BALANCE +395
quartier
U Burggasse-Stadthalle Siebensterngasse
Neubaugasse
Lindengasse
Mariahilfer Straße DEMOGRAPHIC FACTS
Schottenfeldgasse
U Neubaugasse
FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Zieglergasse
VIENNA 30.2%
U Westbahnhof 4.9% 0–5 YEARS
HOTSPOTS -0.4% NEUBAU 29.8%
5.8% 6–14 YEARS
11.5% 15–24 YEARS
AVERAGE INCOME*** 63.4% 25–64 YEARS
14.4% > 65 YEARS
€ 25,100 NEUBAU
€ 22,943 VIENNA AGE 40.3 YEARS
SPECIAL FEATURES OF DISTRICT
Vienna’s creative centre lies in the Seventh District between Urban- Digital Individualists. The painter Friedrich Ritter von Amerling was born
Loritz-Platz, Neubaugasse and Museumsquartier. The last of the three has at Stiftgasse 8 in 1887. The efforts of artists, architects, and people from
turned into a historically valuable cultural attraction where the royal sta- the neighbourhood saved the Amerlinghaus from demolition. Today, the * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
bles were once located. house is a self-managed cultural and communications centre, and home FIRST OCCUPANCY �������������� € 12.70/m2 to € 13.20/m2
to a restaurant as well as the Neubau district museum. Neubau has only OWNER-OCCUPIED weighted average �������������������������������������������� € 13.10/m2
Three Sinus-Milieus in particular have come to enjoy the cultural va-
®
3.3 percent green space. Nonetheless, many of the young designers living FIRST OCCUPANCY ������������������������������������� € 6,000/m 2
OTHER ������������������������������������������������������������ € 11.10/m2
riety of Neubau with its fascinating melange of art studios, cafés and and working in the district still find outdoor inspiration in the parks such as OTHER ���������������������������������������������������������� € 4,500/m2 INVESTMENT PROPERTY�����������€ 3,200 to € 7,200/m2 ****
restaurants, and cheery pub life: Postmaterialists, High Achievers, and Weghuberpark and Josef-Strauß-Park.
In this district, 282 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 114 million euros.FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020 34
1080
JOSEFSTADT
SCENIC HERITAGE
© CROWND ESTATES
D
EMAND FOR HOUSING is high and availability is scarce in THE DISTRICT BENEFITS FROM NEW PLACES to meet on
Vienna’s smallest district, which is mainly due to the shortage Lange Gasse, with a new residential project on Trautsongasse nearby, Trautsongasse 8 / EHL Immobilien
of free space and resulting low volume of construction activity. as well as greening for traffic calming. Another residential project is cur-
This has affected the prices of housing available even if it doesn’t make rently under construction on Blindengasse near the Josefstädter Straße
Josefstadt any less attractive. hotspot. × HOUSING FACTS GOOD TO KNOW
25,466 RESIDENTS 2019 11.3 km OF CYCLE PATHS
*** Source: Statistics Austria, wage tax statistics for 2018, average annual net income for employees in total, in euros, valid as at December 2019
13,248 MAIN RESIDENCES 2018 317 DOCTORS *
** Trees on public roads, that is, not in parks and gardens, managed by the municipal authorities according to the tree cadastre (2018)
Alser Straße
1.92 PERSONS/HOUSEHOLD 2018 3 DOG ZONES
Laudon-
gasse 17 PLAYGROUNDS
MOVED IN + 3,740
1.9% GREEN SPACE WITH
MOVED OUT – 3,329
479 TREES **
U Josefstädter Straße MIGRATION BALANCE +411
Josefstädter Straße
Josef
städter
U Rathaus
DEMOGRAPHIC FACTS
Straße
FOREIGN NATIONALS AGE PROFILE OF POPULATION
VIENNA 30.2%
4.4% 0–5 YEARS
Lerchenfelder Straße
JOSEFSTADT 31.1% +0.9% 5.7% 6–14 YEARS
HOTSPOTS
14.4% 15–24 YEARS
AVERAGE INCOME*** 59.9% 25–64 YEARS
15.5% > 65 YEARS
€ 25,142 JOSEFSTADT
€ 22,943 VIENNA AGE 40.3 YEARS
SPECIAL FEATURES OF DISTRICT
The theatre house in Josefstadt was founded in 1788, and is Vienna’s old but the seventy percent built-up area provides lots of small Viennese
est theatre. Great actors and poets such as Johann Nestroy and Oskar “Platzl” squares with an inviting variety of bars and restaurants to relax in.
Werner have graced the stage here. The Oskar-Werner-Hof building at * Total of general practitioners, specialists, and dentists HOUSING COSTS (PRICE/m²) RENTED
Lenaugasse 19 was named after the latter. Also Emanuel Schikaneder, actor and author of The Magic Flute, spent FIRST OCCUPANCY �������������� € 12.90/m2 to € 13.50/m2
the last years of his life as a resident of the Eighth District until his death OWNER-OCCUPIED weighted average ������������������������������������������� € 13.20/m2
The wide variety of cultural leisure attractions together with the ethnically in 1812. Apart from cultural and historical highlights that Josefstadt has to FIRST OCCUPANCY ������������������������������������� € 6,500/m 2
OTHER ������������������������������������������������������������ € 11.40/m2
diverse range of cafés and restaurants at this traffic-calmed location makes offer, the district is also known as a school district with the University of OTHER ���������������������������������������������������������� € 4,700/m2 INVESTMENT PROPERTY���������� € 3,400 to € 4,400/m2
the Eighth District especially attractive for the Postmaterialists Sinus-Mi- Vienna close by and easy to reach, which is greatly appreciated by many
lieu®. Green areas only account for just under two percent in Josefstadt, students and families. In this district, 137 changes of ownership were registered in the land registry in 2019, with a total sales value
of approx. 46 million euros.You can also read
