2018 EDITION FIRST VIENNA RESIDENTIAL MARKET REPORT - EHL-Immobilien
Page content transcription
If your browser does not render page correctly, please read the page content below
EDITORIAL DEAR READER We are proud to present the sixth edition of the First Vienna Residential Looking into the future, we are also looking closely into the needs and Market Report in 2018, a joint publication by BUWOG Group and EHL demands that will be placed on the apartment of the future – whether Immobilien. Generation Y and future generations, or intergenerational and barrier-free living. Digitalisation and changing values will play a significant role in The Mercer study has named Vienna as the city with the highest quality sustainable planning and in construction too. This and progress in au of life for the eighth time in a row, and it comes as no surprise that the tonomous driving are developments with a major impact on properties. Austrian capital faces a continuously increasing population with projections We at the BUWOG Group and EHL Immobilien have done our best to at around two million inhabitants by the year 2025. This development stems ensure that our customers and the residents of Vienna enjoy adequate from the increasing attractiveness of urban areas as well as from immigration, housing with correspondingly high quality of living at the state of the but also from the ageing population demographic and increasing trend art not just now, but in the future: residential property not only meets towards single households. As a result, demand has been outstripping supply basic human needs, but also plays a major economic role in employment, on the Viennese housing market for years, a tendency that is still rising at innovation and growth as reflected not only in burgeoning market demand. This makes it all the more important for major players in the property market to shoulder their responsibility. ”Looking into the future, we are also looking closely into the needs placed on an apartment BUWOG Group is one of the largest developers in Vienna and EHL Immo FIRST VIENNA bilien is one of the leading real-estate service companies in Austria. As such, by upcoming generations.” we place a lot of importance on passing on our expertise and experience RESIDENTIAL in the housing market while providing a summary of the developments MARKET REPORT a shortfall of more than ten thousand residential units per annum. Other factors include cheap credit and low interest rates further stoking demand. in the property market in this report. The report contains specific factors, perspectives and new developments in all twenty-three districts of Vienna. Promoting residential construction will be inevitable to counter this on www.residentialmarketvienna.at going trend, especially towards the outskirts. However, developers face We wish you a rewarding read with the First Vienna Residential Market issues such as land scarcity and lengthy rezoning procedures in Vienna. Report 2018. YOURS SINCERELY Mag. Daniel Riedl FRICS Andreas Holler, BSc Mag. Michael Ehlmaier FRICS DI Sandra Bauernfeind MRICS CEO BUWOG AG Managing Director of BUWOG Managing Director and Managing Director of EHL shareholder of EHL Immobilien residential property department
First Vienna Residential Market Report | 2018 02 03 First Vienna Residential Market Report | 2018 INTRODUCTION INTRODUCTION TABLE OF CONTENTS OUR MOTIVATION 01 EDITORIAL 36 1100 VIENNA FAVORITEN THE FIRST VIENNA RESIDENTIAL MARKET REPORT is now Viennese housing market develop? We’ve asked Christiane Varga from 38 1110 VIENNA SIMMERING in its sixth edition in 2018 since its first appearance in 2013. This makes the Zukunftsinstitut institute of future studies about it. 40 1120 VIENNA MEIDLING us especially proud at BUWOG Group and EHL Immobilien, as our ex INTRODUCTION 42 1130 VIENNA HIETZING perience and knowledge in the real-estate sector as market experts will THIS REPORT – like those from previous years – distinguishes itself 02 TABLE OF CONTENTS 44 1140 VIENNA PENZING enable us to give a full insight into the Viennese housing market. from other market reports and studies by only listing final purchase 03 OUR MOTIVATION 46 1150 VIENNA RUDOLFSHEIM-FÜNFHAUS prices or rents as opposed to prices offered. This enhances the validity of 04 BUWOG GROUP 48 1160 VIENNA OTTAKRING THE CURRENT EDITION of the First Vienna Residential Market the First Vienna Residential Market Report. As an annual publication, the 05 EHL IMMOBILIEN 50 1170 VIENNA HERNALS Report will again see the BUWOG Group, as the most active developer, report is also in a position to compare figures for Vienna and its districts. 52 1180 VIENNA WÄHRING and EHL Immobilien, as one of the largest housing services, pool our 54 1190 VIENNA DÖBLING entire knowledge of the field. We have included the main Sinus Milieus® ALL INFORMATION USED corresponds to the current state of aware HOUSING MARKET 56 1200 VIENNA BRIGITTENAU prevailing in the districts as collected by INTEGRAL Markt und Meinungs ness and the latest data. The statistical information that the report draws on 06 OWNERSHIP STRUCTURE IN 2017 58 1210 VIENNA FLORIDSDORF forschungsges.m.b.H. so as to represent social developments in comes from Statistics Austria (the state statistics office) and the City of Vienna 08 DEMOGRAPHICS OF AUSTRIA 60 1220 VIENNA DONAUSTADT Vienna as well. Development is an important keyword here: how will the (MA 23 – Economics, Labour and Statistics). 09 HOUSEHOLDS IN AUSTRIA 62 1230 VIENNA LIESING 10 DEMOGRAPHICS OF VIENNA 11 HOUSEHOLDS IN VIENNA BUWOG GROUP & EHL IMMOBILIEN PROJECTS 64 RIVUS II / BUWOG GROUP 12 FUTURE RESEARCH 65 WOHNZEILE15 / BUWOG GROUP 13 THE SINUS-MILIEUS® 66 CITY APARTMENTS / BUWOG GROUP 67 SEESEE HOME / BUWOG GROUP 68 GRINZINGER ALLEE / BUWOG GROUP DISTRICTS OF VIENNA 69 HOCH 33 / EHL IMMOBILIEN 16 VIENNA AT A GLANCE 70 UPPER WEST 119 / EHL IMMOBILIEN 18 1010 VIENNA INNERE STADT 71 TRIIIPLE STADT.LAND.FLUSS. / EHL IMMOBILIEN 20 1020 VIENNA LEOPOLDSTADT 72 MYSKY / EHL IMMOBILIEN 22 1030 VIENNA LANDSTRASSE 73 PALAIS SCHOTTENRING VIENNA / EHL IMMOBILIEN 24 1040 VIENNA WIEDEN 26 1050 VIENNA MARGARETEN 28 1060 VIENNA MARIAHILF 30 1070 VIENNA NEUBAU 74 CLOSING WORDS 32 1080 VIENNA JOSEFSTADT 75 COMMENTS AND TERMINOLOGY 34 1090 VIENNA ALSERGRUND 77 IMPRINT
04 05 EINLEITUNG BUWOG GROUP EHL IMMOBILIEN THE BUWOG GROUP is the leading full-service supplier to the EHL IMMOBILIEN was founded in 1991, and has come to be one of residential housing sector in Germany and Austria with sixty-six years of Austria’s leading residential property service suppliers specialising in res experience in the property market. The Group’s high-quality portfolio idential, commercial, and investment properties. Our range of services currently includes around 49,000 units distributed across Germany and extends from estate agency services and property valuation to property Austria. and construction administration; asset, centre and portfolio manage ment; and market research and investment banking. OUR HISTORICALLY DEVELOPED BUSINESS MODEL builds on three strategically valuable business areas: new project development EHL IMMOBILIEN ARRANGED tenancy, sale and investment transac for the market or transfer to the existing BUWOG portfolio (property tions for 970 residential units and approximately 46,000 m² of office development), value-oriented sales of individual apartments, properties space amounting to a total transaction volume of around 1.6 billion or portfolios (property sales), and asset management form a closed euros in 2017. The rapidly growing property valuation segment has an value-added cycle that is the core business of BUWOG Group. BUWOG annual volume of more than 11 billion euros; in addition, EHL manages AG shares have been listed at the stock exchanges in Frankfurt, Vienna, properties in various asset classes at a total floor space of around and Warsaw since the end of April 2014. 1.85 million square metres. Partnership with the Savills global real estate company has secured a global network for EHL. ACTIVE IN EVERY ASPECT OF CONSTRUCTION AND HOUSING – we use our wide-ranging, long-standing expertise as a solid basis OUR RESPONSIBLE RELATIONSHIPS WITH CUSTOMERS and in serving our customers every day. Awards in project development, partners have been confirmed in several awards. Six EHL executives have sustainability, and the financial markets stand witness to the successful been awarded a total of eight CÄSAR awards for outstanding achievements activity of the BUWOG Group, both in real estate and on the capital in property by the Fachverband der Immobilien- und Vermögenstreuhän markets, and showcase the capability, commitment, and professionalism der national property and asset administration association in the WKO Aus shared by more than seven hundred employees. We focus on the three trian Economic Chambers. In addition, EHL has been conferred the IMMY largest German-speaking cities of Berlin, Hamburg, and Vienna, and see Award eight times – this is the definitive quality award amongst Viennese great importance in the positive synergy effects of networking our three real estate agents. business divisions. EHL WAS THE FIRST AUSTRIAN COMPANY to be certified ac WE AIM TOWARDS INNOVATIVE state-of-the-art housing quality in cording to the European EN 15733 2011 standard for estate agents. As a developing all our residential projects from planning through to manage founding member of ÖGNI, we act according to social interests in harmony × ment, as it forms the basis for the essential purpose: living satisfaction. with environmental, economic, and social factors. EHL Immobilien Manage ment has been a member of the EHL Group since 2014, and was certified for property management according to ISO 9001 in 2017. This ensures maximum quality standards and transparency towards our customers and BUWOG Group partners. × EHL Immobilien
First Vienna Residential Market Report | 2018 06 07 First Vienna Residential Market Report | 2018 HOUSING MARKET OWNERSHIP STRUCTURE IN 2017 AROUND 900,000 APARTMENTS IN VIENNA count as inhabited, living in owner-occupied apartments occupy a roughly equal share in Vienna with around 75% of households living in rented accommodation – an and Austria; this share is rather low compared to other forms of housing, extraordinary housing market compared to the other eight Austrian while still remaining largely stable. Naturally, most Austrians prefer to live in federal states. Of these 700,000 or so rented apartments, around 400,400 single-family homes, and this is the main household form across the country are owned by the City of Vienna or non-profit housing associations. People – as opposed to Vienna, where this share of households is very low. × HOUSING STOCK 2017 VIENNA AUSTRIA TOTAL PRIMARY RESIDENCES approx. 910,000 * approx. 3,875,000 * OWNERSHIP ABSOLUTE FIGURES ABSOLUTE FIGURES HOUSE OWNER-OCCUPIERS 54,600 1,472,500 APARTMENT OWNER-OCCUPIERS 118,300 426,250 MAIN TENANTS (COLLECTIVE) 700,700 1,627,500 PRIVATE INDIVIDUALS AND LEGAL ENTITIES 300,300 697,500 PUBLIC CORPORATIONS 218,400 310,000 NOT-FOR-PROFIT HOUSING COOPERATIVES 182,000 620,000 SUBLEASES AND OTHER LEASE ARRANGEMENTS 36,400 348,750 * Source: Statistics Austria (new extrapolation method as of the 2014 Microcensus), own calculations
First Vienna Residential Market Report | 2018 08 09 First Vienna Residential Market Report | 2018 HOUSING MARKET DEMOGRAPHICS OF AUSTRIA HOUSEHOLDS IN AUSTRIA AS AT JANUARY 1, 2017, Austria was home to 8,772,865 people, of whom 5,429,623 were between 20 and 64 years old. According to the latest THE AVERAGE HOUSEHOLD SIZE of the around 3,865,000 private households in Austria was 2.22 people in 2016. The trend towards small forecasts, the population of Austria is expected to reach the 9 million mark in 2022. × households continues, with the figure being similar to that of 2015. In 1985, the average household size was 2.67, while experts predict that this figure will drop to 2.08 by 2080. × DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR SINGLE FOR AUSTRIA AS AT JANUARY 1, 2017 AND MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA 2016 TO 2070 2015 TO 2080 8,739,806 9,869,542 Households in % Population 1,717,725 0 – 19 YEARS 10,000,000 80 70 62.81% 1,625,517 > 65 YEARS 8,000,000 58.15% 60 6,000,000 50 41.85% 37.19% 40 4,000,000 5,429,623 20 – 64 YEARS 30 20 2,000,000 10 SINGLE-PERSON HOUSEHOLDS 0 Year 0 Year MULTIPLE-PERSON HOUSEHOLDS 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 2055 2060 2065 2070 2015 2080 FORECAST FORECAST →→ Nine million people will be living in Austria by 2022. →→ The number of single-person households is still growing rapidly. →→ By 2070, the population of Austria is expected to rise to 9,869,542 people. →→ From 2015 to 2080, the number of single-person households →→ This corresponds to an increase of nearly 13% from 2016 to 2070. is expected to increase by 38.44% (from 1,413,285 to 1,956,656). →→ By 2070, around 28.5% of the population will be 65 years or over, up from 18.5% in 2016. →→ Over the same time period, the number of private households with more than one person →→ The number of people living in Austria below the age of 20 will continue to drop gradually, is expected to rise by only 13.88% (from 2,387,037 to 2,718,522). from 19.6% in 2016 to 19.0% by 2070. →→ From 2015 to 2080 the total number of private households is expected to rise →→ At the start of 2017, the average age of the people living in Austria was 42.5 years. by almost 23.02% (from 3,800,322 to 4,675,189). →→ The predicted average household size for 2080 is around 2.08 persons.
First Vienna Residential Market Report | 2018 10 11 First Vienna Residential Market Report | 2018 HOUSING MARKET DEMOGRAPHICS OF VIENNA HOUSEHOLDS IN VIENNA AS AT JANUARY 1, 2017, the population of Vienna was 1,867,582. Of these, 308,687 people were older than 65, and 359,985 were younger than VIENNA HAD AROUND 901,900 HOUSEHOLDS with an average household size of just 2.01 persons in 2016. The households in Vienna 20 years of age. Current forecasts predict that the population of the capital will reach the 2 million mark in 2025. × account for just below a quarter of all households in Austria. × DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR SINGLE FOR VIENNA AS AT JANUARY 1, 2017 AND MULTIPLE-PERSON HOUSEHOLDS IN VIENNA 2016 TO 2070 1,853,140 2,238,539 2015 TO 2080 Households in % Population 359,985 0 – 19 YEARS 2,000,000 60 54.62% 52.88% 308,687 > 65 YEARS 50 45.38% 47.12% 1,750,000 40 30 1,500,000 1,198,910 20 – 64 YEARS 20 10 SINGLE-PERSON HOUSEHOLDS 1,250,000 Year 0 Year MULTIPLE-PERSON HOUSEHOLDS 1985 1995 2005 2015 2030 2040 2050 2060 2070 2015 2080 FORECAST FORECAST →→ By 2025, Vienna will have a population of more than 2 million. →→ Between 2015 and 2080, the number of single-person households will increase by more than 32.19% →→ By 2070, the population of the city is expected to reach 2,238,539. (from 402,499 to 532,052). →→ This corresponds to an increase of nearly 21% from 2016 to 2070. →→ Over the same period, the number of multiple-person households is expected to rise by more than 22.18% →→ By 2070, around 23.4% of the city‘s population will be 65 years or over, up from 16.6%. (from 484,599 to 592,078). →→ The number of people in Vienna below the age of 20 will increase only gradually, →→ From 2015 to 2080, the number of private households will increase by more than 27.28% (from 887,098 to 1,129,130). from 19.2% today to 20.0% by 2070. →→ It is expected that there will be more than 1 million households in Vienna by 2030. →→ On January 1, 2017, the average age in Vienna was 40.3 years (41.7 for women and 38.8 for men). →→ The predicted average household size for 2080 is 1.95 persons.
First Vienna Residential Market Report | 2018 12 13 First Vienna Residential Market Report | 2018 SOCIAL FUTURE RESEARCH THE SINUS- MILIEUS ® DEVELOPMENT SINUS-MILIEUS® CONSTITUTE a model LIVING IN THE WORLD OF TOMORROW 1) UPPER CLASS / that groups people according to their basic UPPER MIDDLE- High CLASS Established Achievers attitudes and lifestyles. Sinus Milieu groups Conservatives differ with regard to their consumer behaviour, Digital THE FUTURE OF HOUSING IS VERSATILE, FLEXIBLE AND INDIVIDUAL lifestyle, and living environment. The illustra Postmaterialists Individualists © INTEGRAL-SINUS Trendforschung 2) MIDDLE, MIDDLE-CLASS tion shows the current milieu landscape as New Adaptive- Middle Class Social Status well as the positions of the different milieus in Traditionals Pragmatists Which particular target groups merit particular consideration in the future? Neighbourhood quality and the amount of shared space available will Austrian society. Further details on Sinus- 3) LOWER MIDDLE- Escapists CLASS / LOWER Consumption play decisive roles. This might be a community kitchen, a library on Milieus® are given on page 75. Oriented CLASS TWO GROUPS WILL BE ALTERING the face of housing especially the ground floor, or a gym for the residents in an apartment block. Is Basic Orientation heavily in the future: the famous Generation Y and the “young at heart”. there a co-working space available? Does the residents’ community do A) TRADITION B) MODERNISATION C) RE-ORIENTATION Members of Generation Y have grown up in a digital, networked, co-gardening? Sense of Duty and Order Individualisation, Multi-options, Re-focussing, Self-actualisation, Pragmatism new syntheses globalised world, and have been the main drivers of new social sharing Gradually hiving off living comfort into the public and semi-public Pleasure forms that already exist in major cities today – co-working, co-living, domain is not only an effective economic step, but also a necessity for co-gardening. This began with the fundamental concept of a sharing social communications. Single households are increasing in numbers economy based on digital networking supported by the principle of at a share of more than fifty percent in some cities. We will become an TRADITIONAL MILIEUS “using instead of owning”. Homes and neighbourhoods provide child increasingly lonely society if we don’t share. care, elderly care, and community gardens through intelligent utilisation in apartment blocks and residential estates. The future living environ What will be the challenges for the housing of tomorrow? ment will be a heterogeneous mix of different groups of individuals with freely formed family structures. In particular, this also applies to the MAJOR CHALLENGES in the coming decades will be population growing group of the “young at heart”. growth, progressive ageing, and growing urbanisation, together with an increasing variety of ways of living. Cities cannot grow in height and What will the apartment of tomorrow be like? width to an infinite degree, but the way we use buildings will change: hybridity, heterogeneity, and flexibility will be the major construction THE FUTURE WILL SEE US talking more about living rather than trends in the coming years. Cities will need relief for them to be liveable housing. We live in ever increasingly crowded cities with growing pres again, and this will be most effective when living in the outskirts gains sure on prices and quality housing; we will need to rethink our functional attractiveness. relationship with housing, not only our emotional relationship with it. A variety of mobility options promising a high level of quality service will CONSERVATIVES TRADITIONALS The drive towards more floor area will diminish in favour of shared ensure this, options such as self-driving minibuses in public transport, spaces. car sharing, and carpooling. × Trendsetters in the traditional sphere with high ethics of respon- Emphasis on security, order and stability – rooted in the Photo: Martin Joppen Photographie GmbH sibility – strongly characterised by Christian ethics, high estima- old petty-bourgeois world, in the traditional blue-collar tion of education and culture, sceptical towards current social culture, or in the rural milieu. Home tastes are based on development. Home is an expression of upper or middle-class traditional cosiness and rural aesthetics with conventional Christiane Varga lifestyle in clear distinction from current attitudes. Members of furnishings and fittings prevailing. Housing trend researcher this group adhere to traditional, dignified interior design styles & freelance writer at the as reflected in a keen sense of style. Vienna Zukunftsinstitut institute of future studies
First Vienna Residential Market Report | 2018 14 15 First Vienna Residential Market Report | 2018 UPPER CLASS THE NEW CENTRE ESTABLISHED POSTMATERIALISTS NEW MIDDLE CLASS ADAPTIVE-PRAGMATISTS The performance-oriented elite with a strong anchorage Open-minded social critics – intellectual, educated milieu, The adaptive mainstream – seeking professional and social The young pragmatic middle stratum – pronounced life- in tradition – strongly focused on status, exclusiveness, interested in variegated aspects of culture; cosmopolitan establishment, secure and harmonic circumstances, support pragmatism, strong desire for anchorage, membership, responsibility, and leadership. Furnishings often skilfully orientation, but critical towards globalisation; socially and orientation, peace and a slow pace. Members of this security, performance orientation, but also the wish for fun combine tradition and modernity with a keen sense of commited. Home styles are dominated by a sense of group prefer conventional or neo-rustic aesthetics in a and entertainment. The prevailing lifestyle is either trendy style, placing value on outward appearance expressing nature and authenticity while eschewing ostentatious- friendly, yet dignified outward appearance without stylistic or quiet and down-to-earth, practical and expedient. distinction and connoisseurship. ness and excess. Distinction from the mainstream and extravagance; order and cleanliness are paramount. conventionalism plays a crucial role in this social group. THE MODERN LOWER CLASS HIGH ACHIEVERS DIGITAL INDIVIDUALISTS CONSUMPTION ORIENTED ESCAPISTS The flexible and globally oriented performance elite – The individualistic, networking, digital avant-garde – men- The materialistic lower class striving for participation – sense The modern lower middle class, living for the excitement individual performance, efficiency, and success take top tally and geographically mobile, cross-linked online and of discrimination, resentments, and pronounced fears of of the moment – seeking fun and amusement; rejection priority; competent in business and IT. Home styles reflect offline, permanently looking for new experiences. The the future; striving to stay connected with the consumption of traditional standards and conventions. The aesthetic a penchant for open, spacious interior designs with a view home is creatively designed with deliberately unconventio- standards of the middle class. This group displays a yearning of heavy stimuli dominates with a zest for provocation to outward appearance and making a statement nal highlights while integrating elements reflecting a sense for wealth, luxury, and prestige, often with demonstrative and challenging taboos. Convenience plays a major role – in a lifestyle reflecting contemporary attitudes. of ironic conventionalism to showcase non-conformism. shows of modern technology in an attempt to showcase an everything within easy reach for an easy-going life. intact middle-class home.
First Vienna Residential Market Report | 2018 16 17 First Vienna Residential Market Report | 2018 DISTRICTS OF VIENNA THE TABLE contains all key data and facts regarding population, income, THE SECTIONS BELOW provide more detailed information on the property prices, and rents. The quoted prices are not asking or advertised prices individual districts, including key demographic data, statistics, and but the prices per m2 that were actually paid upon signing of the contract. special features within the districts. × VIENNA AT A GLANCE SALE PRICES RENTS 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 OTHER OTHER OCCUPANCY OCCUPANCY major roads/motorways. Metro lines that are planned or currently under 1010 VIENNA · INNERE STADT 16,465 € 34,748 € 18,600 € 11,200 n/a ** n/a ** construction are shown as broken lines. × 1020 VIENNA · LEOPOLDSTADT 105,003 € 21,177 € 5,100 € 3,600 € 11.80 € 10.00 1030 VIENNA · LANDSTRASSE 90,183 € 24,267 € 5,150 € 3,600 € 12.20 € 10.70 PLANNED EXTENSION OF U2 METRO LINE PLANNED EXTENSION OF U5 METRO LINE 1040 VIENNA · WIEDEN 33,035 € 24,719 € 5,300 € 3,800 € 13.00 € 11.00 CURRENT U2 METRO LINE, TO BECOME 1050 VIENNA · MARGARETEN 55,356 € 19,794 € 4,450 € 3,500 € 11.70 € 10.40 PART OF U5 METRO LINE 1060 VIENNA · MARIAHILF 31,865 € 23,15 0 € 5,100 € 3,650 € 13.00 € 11.00 A22 21. U Leopoldau 1070 VIENNA · NEUBAU 32,197 € 24,327 € 5,700 € 4,400 € 13.00 € 11.00 1080 VIENNA · JOSEFSTADT 25,528 € 24,523 € 6,000 € 4,400 € 13.00 € 11.30 19. U Floridsdorf 1090 VIENNA · ALSERGRUND 42,709 € 23,720 € 5,700 € 4,100 € 12.80 € 11.10 S2 U Heiligenstadt 1100 VIENNA · FAVORITEN 198,083 € 19,047 € 3,800 € 2,500 € 10.70 € 9.00 20. 1110 VIENNA · SIMMERING 100,137 € 20,375 € 3,200 € 2,100 € 9.70 € 8.70 18. U Spittelau 17. 1120 VIENNA · MEIDLING 95,955 € 19,780 € 3,900 € 2,900 € 11.00 € 9.80 14. 9. U Seestadt 54,171 € 29,402 € 5,500 € 3,950 € 12.80 € 10.80 16. U Elterleinplatz ** 1130 VIENNA · HIETZING U Ottakring 1. 8. U Stephansplatz 1140 VIENNA · PENZING 92,337 € 23,520 € 4,100 € 3,000 € 11.00 € 10.20 2. 22. 1150 VIENNA · RUDOLFSHEIM 78,999 € 17,528 € 3,750 € 2,700 € 10.90 € 9.90 7. U Karlsplatz U Westbahnhof 1160 VIENNA · OTTAKRING 104,323 € 19,702 € 3,900 € 2,700 € 10.90 € 9.90 U Hütteldorf 15. 6. 4. 3. 1170 VIENNA · HERNALS 57,18 0 € 20,936 € 4,000 € 2,800 € 10.90 € 9.90 A1 5. 1180 VIENNA · WÄHRING 51,12 8 € 25,137 € 5,500 € 3,650 € 12.60 € 10.70 13. 12. U Simmering 1190 VIENNA · DÖBLING 72,107 € 26,607 € 6,000 € 3,950 € 13.00 € 10.90 U Wienerberg ** 1200 VIENNA · BRIGITTENAU 86,868 € 18,515 € 3,800 € 2,500 € 10.50 € 9.60 11. A4 1210 VIENNA · FLORIDSDORF 158,712 € 22,330 € 3,700 € 2,550 € 10.60 € 9.60 10. 1220 VIENNA · DONAUSTADT 184,18 8 € 24,213 € 3,800 € 2,550 € 10.70 € 9.60 23. A23 U Oberlaa 1230 VIENNA · LIESING 101,053 € 25,257 € 3,750 € 2,750 € 10.50 € 9.70 U Siebenhirten S1 * Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017 ** The report assumes residential rents that are not subject to the full scope of the Austrian Tenancy Act. VIENNA AIRPORT ** Planned extension The sample from the First District was too small to deliver any valid information, and has been omitted in the rent levels statistic. A21
First Vienna Residential Market Report | 2018 18 1010 INNERE STADT THE CITY CENTRE © CUBUS T HE FIRST DISTRICT is seen as the historic, commercial, and the mid-nineteenth century. The 150-year anniversary of Ringstraße was administrative centre of Vienna. Districts Two to Nine, the for celebrated in 2015. Downtown Vienna still has the charm of yesteryear in Schottenring 18 / EHL Immobilien mer “suburbs“, are grouped around the First District. The former some areas, but tourist magnets such as Stephansplatz and Herrengasse city wall was replaced by the Ringstraße ring road, a grand boulevard, in have seen a redesign. × HOUSING FACTS USAGE 16,465 RESIDENTS 2017 SPECIAL FEATURES 8,905 MAIN RESIDENCES 49.4% BUILT-UP U Schottenring OF DISTRICT 1.89 PERSONS / HOUSEHOLD 2017 40.0% TRAFFIC 10.6% GREEN INCL. MOVED IN + 1,956 WATER BODIES U Schottentor LIVING IN THE HEART OF VIENNA MOVED OUT – 1,869 MIGRATION BALANCE +87 The First District is booming with demand for housing in the city centre U Schwedenplatz Tuch Franz-Josefs-Kai at an unmitigated high. This year will see a variety of new projects Herren- lauben Rotenturmstraße gasse leading to corresponding availability. New development projects such U Rathaus U Herrengasse Graben as Palais Schottenring Vienna, Börseplatz 1, luxury apartments in Palais DEMOGRAPHIC FACTS U Stephansplatz Kinsky, and the soon to be redesigned Post Palais are mainly located The sample from the First District was too small to deliver any valid information, and has been omitted in the rent levels statistic. U Stubentor along Ringstraße. Downtown hot spots include Herrengasse, Graben, FOREIGN NATIONALS AGE PROFILE OF POPULATION and Goldenes U (Golden U). U Volkstheater Kärntner Straße VIENNA 28.6% 783 0–5 YEARS -4.1% INNERE STADT 24.5% 968 6 – 14 YEARS U Stadtpark 1,536 15 – 24 YEARS ** The report assumes residential rents that are not subject to the full scope of the Austrian Tenancy Act. U Museumsquartier AVERAGE INCOME * 9,030 25 – 64 Y EARS 4,148 > 65 YEARS U Karlsplatz € 34,748 INNERE STADT * Source: Statistics Austria, wage tax statistics for 2016, average annual net income HOT SPOTS € 22,173 VIENNA AGE 46.3 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 Mostly the Established and High Achievers live here. Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED The Established enjoy the good reputation of their servatives Digital Individu- FIRST OCCUPANCY �������������������������������������������������������� n/a* * Postmaterialists neighbourhood and appreciate the cultural offer, while alists OWNER-OCCUPIED OTHER ����������������������������������������������������������������������������� n/a* * New Middle Adaptive- High Achievers feel especially comfortable in this FIRST OCCUPANCY ������������������������������������������� € 18,600 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 11,200 / m2 INVESTMENT PROPERTY �������������� € 4,000 to € 9,250 / m2 cosmopolitan environment and its proximity to trendy Escapists pubs and restaurants. Consumption Oriented In this district, 123 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 183 million.
First Vienna Residential Market Report | 2018 20 1020 LEOPOLDSTADT THE ISLAND N AMED AFTER EMPEROR LEOPOLD I, Leopoldstadt developed urban neighbourhoods interspersed with extensive is located between the Donaukanal (Danube Canal) green spaces. In addition to the Prater, the Augarten in particular Vorgartenstraße 98 / BUWOG Group and the Danube, creating an island, together with the provides one of the oldest and most culturally important baroque Twentieth District. The district used to have areas prone to flooding, gardens of the city with 52.2 hectares and extensive recreational dams, and canals; today, the main topology consists of densely facilities. × HOUSING FACTS USAGE 105,003 RESIDENTS 2017 SPECIAL FEATURES 51,792 MAIN RESIDENCES 22.8% BUILT-UP OF DISTRICT 2.05 PERSONS / HOUSEHOLD 2017 20.9% TRAFFIC 56.3% GREEN INCL. MOVED IN + 15,591 WATER BODIES LEOPOLDSTADT GAINING URBANITY MOVED OUT – 14,242 MIGRATION BALANCE +1,349 Augarten The Second District features a central location close to the adjoining Karme Nord- liter- bahnhof First District. The large urban development area around the Nord viertel U Praterstern bahnhof railway station and Prater (university campus and trade U Schottenring Stuwer- viertel WU- Campus/ U Stadion fair ground) and Lassallestraße have developed positively, as did DEMOGRAPHIC FACTS U Schwedenplatz Messe the popular neighbourhoods Stuwerviertel, Karmeliterviertel, and Handelskai Hauptallee the Augarten area in previous years. FOREIGN NATIONALS AGE PROFILE OF POPULATION U Donaumarina VIENNA 28.6% Praterkai 6,996 0–5 YEARS LEOPOLDSTADT 33.5% + 4.9% 8,664 6 – 14 YEARS 13,496 15 – 24 YEARS AVERAGE INCOME * 60,450 25 – 64 Y EARS 15,397 > 65 YEARS € 21,177 LEOPOLDSTADT * Source: Statistics Austria, wage tax statistics for 2016, average annual net income HOT SPOTS € 22,173 VIENNA AGE 38.9 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 The Consumption Oriented are especially at home in Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED Leopoldstadt; the people in this group prefer relatively servatives Digital Individu- FIRST OCCUPANCY ���������������������������������������������� € 11.80 / m2 Postmaterialists affordable residential areas with traditional pub culture. alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������ € 10.00 / m2 New Middle Adaptive- Nearby shopping and entertainment opportunities for a FIRST OCCUPANCY ��������������������������������������������� € 5,100 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 3,600 / m2 INVESTMENT PROPERTY ��������������� € 1,450 to € 3,250 / m2 small budget make for an interesting and varied district. Escapists Consumption Oriented In this district, 696 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 174 million.
First Vienna Residential Market Report | 2018 22 1030 LANDSTRASSE THREE TIMES AS GOOD © ZOOMVP T HE FIRST CITY EXPANSION in 1850 saw the suburbs is full of stark contrasts from the venerable Viennese working-class Erdberg, Landstraße und Weißgerber merge into the Third Dis neighbourhoods to the elegant Embassy Quarter and vibrant shopping Schnirchgasse 9 – 9A / EHL Immobilien trict. Landstraße now counts as an extension to the city centre with streets up to St. Marx, a newly developed centre for research, media, and Rochusmarkt as the district’s own bustling focal point. Even so, the district housing. × HOUSING FACTS USAGE 90,183 RESIDENTS 2017 SPECIAL FEATURES 46,217 MAIN RESIDENCES 55.7% BUILT-UP Weißgerberlände OF DISTRICT 1.97 PERSONS / HOUSEHOLD 2017 29.3% TRAFFIC 15.0% GREEN INCL. U Landstraße MOVED IN + 12,624 WATER BODIES Stadtpark AROUND ROCHUSMARKT MOVED OUT – 12,431 U Stadtpark U Rochusgasse MIGRATION BALANCE +193 Rochus- The Third District benefits from its central location, Belvedere, and markt U Kardinal-Nagl-Platz Rochusmarkt, a popular place amongst the Viennese. Landstraße Erd- is currently under heavy development as reflected in the ever-increasing Landstraßer Hauptstraße berger Rennweg Lände U Schlachthausgasse demand. New residential projects in development near the city DEMOGRAPHIC FACTS park include The Ambassy and Am Heumarkt 25 as well as TrIIIple, Rennweg U Erdberg Landyard, and Ensemble along Erdberger Lände and Donaukanal, FOREIGN NATIONALS AGE PROFILE OF POPULATION Eurogate the Aspanggründe-Eurogate urban development area and MGC Plaza VIENNA 28.6% Quartier Belvedere St. Marx near St. Marx. 5,008 0–5 YEARS Landstraßer Gürtel U Gasometer LANDSTRASSE 30.0% + 1.4% 6,403 6 – 14 YEARS 10,608 15 – 24 YEARS AVERAGE INCOME * 53,474 25 – 64 Y EARS 14,690 > 65 YEARS € 24,267 LANDSTRASSE * Source: Statistics Austria, wage tax statistics for 2016, average annual net income HOT SPOTS € 22,173 VIENNA AGE 40.8 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 The diversity of the district is reflected in the diversity of its Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED inhabitants, where Postmaterialists and High Achievers servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 12.20 / m2 Postmaterialists feel especially comfortable with the cultural attractions and alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������ € 10.70 / m2 New Middle Adaptive- green areas appealing to Postmaterialists, and the attrac FIRST OCCUPANCY ��������������������������������������������� € 5,150 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 3,600 / m2 INVESTMENT PROPERTY ��������������� € 1,700 to € 3,750 / m2 tive bar and restaurant scene attracting High Achievers. Escapists Consumption Oriented In this district, 1,079 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 305 million.
First Vienna Residential Market Report | 2018 24 1040 WIEDEN “ON WIEDEN” © comm.ag W IEDEN BOASTS A HISTORY GOING back centuries, everything anyone could wish for in the way of cultural highlights, and is currently one of the most urbane districts of including Otto Wagner Pavillon, RadioKulturhaus, and Wien Museum. Wohllebengasse 6 / EHL Immobilien Vienna. The districts Margareten and Favoriten developed Karlsplatz is not only a hub for the city’s metro system, it is also home from it around a century and a half ago. Even with the Fourth District’s to Vienna University of Technology and the Karlskirche Church of dense settlement and the paucity of green areas, the district still offers St. Charles. × HOUSING FACTS USAGE 33,035 RESIDENTS 2017 HOT SPOTS SPECIAL FEATURES 17,061 MAIN RESIDENCES 64.4% BUILT-UP OF DISTRICT 1.93 PERSONS / HOUSEHOLD 2017 25.6% TRAFFIC 10.0% GREEN INCL. U Karlsplatz MOVED IN + 5,432 WATER BODIES LIVING IN THE EMBASSY QUARTER MOVED OUT – 5,214 Frei- haus- MIGRATION BALANCE +218 viertel The Fourth District’s proximity to the inner city and good links to the Argen- tinier- new Hauptbahnhof main railway station have stoked demand for straße Prinz-Eugen-Straße the district. Apart from the most popular hot spot, Freihausviertel, the U Taubstummengasse area around the new main railway station and Südtiroler Platz have DEMOGRAPHIC FACTS gained in attractiveness. Luxurious individual projects aimed at more well-healed clients are in development in the revitalised Palais and the FOREIGN NATIONALS AGE PROFILE OF POPULATION hidden courtyards along Argentinierstraße. VIENNA 28.6% 1,634 0–5 YEARS Favoritenstraße WIEDEN 31.0% + 2.4% 2,172 6 – 14 YEARS Süd- 4,079 15 – 24 YEARS tiroler Platz U Südtiroler Platz AVERAGE INCOME * 19,565 25 – 64 Y EARS Hauptbahnhof 5,585 > 65 YEARS € 24,719 WIEDEN * Source: Statistics Austria, wage tax statistics for 2016, average annual net income € 22,173 VIENNA AGE 41.3 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 Postmaterialists and High Achievers in particular live in Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED Wieden. Postmaterialists appreciate the proximity to edu- servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 13.00 / m2 Postmaterialists cational institutions and good network of cycle paths, while alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������� € 11.00 / m2 New Middle Adaptive- High Achievers enjoy the prestigious residential environment, FIRST OCCUPANCY �������������������������������������������� € 5,300 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 3,800 / m2 INVESTMENT PROPERTY ��������������� € 1,900 to € 3,800 / m2 the varied restaurants and cafés, and the district’s central Escapists location. Consumption Oriented In this district, 243 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 112 million.
First Vienna Residential Market Report | 2018 26 1050 MARGARETEN INTERNAL DIVERSITY © SIMMO AG K NOWN AS A FORMER WORKING-CLASS DISTRICT, of the districts with the highest population density, but it does have Margareten has become a hip area with plenty of start- a number of parks and green spaces. The coming years will see the U2 Siebenbrunnengasse 19–21 / EHL Immobilien ups. However, this is the only district within the Vienna Beltway metro line extended, improving public transport network services in the (“Gürtel”) that does not adjoin the inner city. Margareten may be one district. × HOUSING FACTS USAGE 55,356 RESIDENTS 2017 HOT SPOTS SPECIAL FEATURES 29,156 MAIN RESIDENCES 64.3% BUILT-UP Nasch- markt U Kettenbrückengasse OF DISTRICT 1.92 PERSONS / HOUSEHOLD 2017 31.3% TRAFFIC 4.4% GREEN INCL. MOVED IN + 8,882 WATER BODIES UPWARD TREND MOVED OUT – 8,703 MIGRATION BALANCE +179 Margareten benefits from the adjoining Naschmarkt and neighbour- U Pilgramgasse Margare- hoods on Kettenbrückengasse and Margaretenplatz, and good public tenplatz transport connections with the U4 metro line. Extending the U2 metro line has increased demand around Matzleinsdorfer Platz as well. DEMOGRAPHIC FACTS A larger housing project in the development phase on Siebenbrunnen- U Margartengürtel gasse is due to be completed in 2020. FOREIGN NATIONALS AGE PROFILE OF POPULATION Wiedner Hauptstraße VIENNA 28.6% 3,103 0–5 YEARS Reinprechtsdorfer Straße MARGARETEN 36.0% + 7.4% 3,614 6 – 14 YEARS 6,851 15 – 24 YEARS AVERAGE INCOME * 34,170 25 – 64 Y EARS 7,618 > 65 YEARS € 19,794 MARGARETEN Matzleinsdorfer Platz * Source: Statistics Austria, wage tax statistics for 2016, average annual net income € 22,173 VIENNA AGE 39.3 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 The affordable residential area close to the Vienna Beltway Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED (“Gürtel”) mainly appeals to Escapists and offers attractive servatives Digital Individu- FIRST OCCUPANCY ���������������������������������������������� € 11.70 / m2 Postmaterialists student apartments for Digital Individualists, who appreciate alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������ € 10.40 / m2 New Middle Adaptive- the cultural diversity as well as the trendy bar scene with its FIRST OCCUPANCY �������������������������������������������� € 4,450 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 3,500 / m2 INVESTMENT PROPERTY ��������������� € 1,500 to € 2,700 / m2 cult pubs, while Escapists are attracted to the alternative Escapists arts scene. Consumption Oriented In this district, 419 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 108 million.
First Vienna Residential Market Report | 2018 28 © Real-Treuhand Immobilien Vertriebs GmbH 1060MARIAHILF ENJOYABLE LIVING A T AN AREA OF 1.48 SQUARE KILOMETRES, Maria dorfer Straße. The district’s highlight is Naschmarkt: the largest deli hilf is the second smallest district in Vienna. Even so, Mariahilf market in the city is a permanent fixture for locals and visitors looking Liniengasse 36 / EHL Immobilien has a lot to offer for residents: apart from its proximity to enjoy national and international delicacies. A landmark in Mariahilf, to downtown and good public transport links, the district is home to exten the former anti-aircraft tower is now home to the Haus des Meeres aqua- sive shopping opportunities on Mariahilfer Straße and around Gumpen terra zoo. × HOUSING FACTS USAGE 31,865 RESIDENTS 2017 SPECIAL FEATURES 16,831 MAIN RESIDENCES 66.0% BUILT-UP HOT SPOTS OF DISTRICT 1.89 PERSONS / HOUSEHOLD 2017 30.1% TRAFFIC 3.9% GREEN INCL. U Museumsquartier MOVED IN + 5,228 WATER BODIES Getreide- Mariahilfer Straße markt MANY ROADS LEAD TO MARIAHILF MOVED OUT – 5,063 U Neubaugasse MIGRATION BALANCE +165 Maria- hilfer Gumpen- The reconstructed Mariahilfer Straße seems to be developing well after Straße dorfer Nasch- U Zieglergasse Straße markt initial teething troubles. Residents and the local scene alike benefit Mariahilfer Straße Gumpendorfer Straße U Kettenbrückengasse from traffic calming installed on and around Mariahilfer Straße. The U Westbahnhof planned extension to the U2 and U5 metro lines will further enhance DEMOGRAPHIC FACTS the district’s attractiveness as reflected in demand along Gumpen dorfer Straße and around Haus des Meeres up to Getreidemarkt. FOREIGN NATIONALS AGE PROFILE OF POPULATION U Pilgramgasse VIENNA 28.6% 1,473 0–5 YEARS MARIAHILF 28.7% + 0.1% 1,780 6 – 14 YEARS U Gumpendorfer Straße 3,868 15 – 24 YEARS AVERAGE INCOME * 19,989 25 – 64 Y EARS U Margartengürtel 4,755 > 65 YEARS € 23,150 MARIAHILF * Source: Statistics Austria, wage tax statistics for 2016, average annual net income € 22,173 VIENNA AGE 40.6 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 High Achievers and Postmaterialists live in above-average Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED numbers in this district. Postmaterialists appreciate the high servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 13.00 / m2 Postmaterialists proportion of cycle paths and pedestrian precincts, while alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������� € 11.00 / m2 New Middle Adaptive- High Achievers are attracted to the lifestyle flair of Naschmarkt FIRST OCCUPANCY ��������������������������������������������� € 5,100 / m2 Traditionals Class Pragmatists Social Status OTHER ����������������������������������������������������������������� € 3,650 / m2 INVESTMENT PROPERTY ��������������� € 1,800 to € 3,800 / m2 and especially the Mariahilfer Straße shopping mile with its Escapists long opening hours. Consumption Oriented In this district, 250 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 82 million.
First Vienna Residential Market Report | 2018 30 1070 NEUBAU THE HIP DISTRICT T HE SEVENTH DISTRICT counts as the epicentre of the as a highly frequented cultural attraction. The district’s excellent public creative scene as reflected in the trendy pubs and shops set transport links and proximity to the university make the district particu Lindengasse 60 / BUWOG Group up by many young designers. The Museumsquartier museum larly attractive to students. The preserved Wilhelminian-style buildings quarter nestled in the former imperial stables has established its place dominate the district’s architecture. × HOUSING FACTS USAGE 32,197 RESIDENTS 2017 SPECIAL FEATURES 17,698 MAIN RESIDENCES 72.6% BUILT-UP OF DISTRICT 1.85 PERSONS / HOUSEHOLD 2017 25.1% TRAFFIC 2.3% GREEN INCL. MOVED IN + 5,273 WATER BODIES U Thaliastraße VIENNESE SOHO MOVED OUT – 5,190 MIGRATION BALANCE +83 The district is still highly popular amongst the creative scene and U Volkstheater a youthful population with unbroken interest in new ideas and Burggasse Spittel berg Muse- developments. The new residential high-rise project on the site ums- quartier of the former Kurier building located within walking distance from DEMOGRAPHIC FACTS Siebensterngasse U Burggasse-Stadthalle Mariahilfer Straße is the most interesting development. Hot spots Neubau- gasse encompass the highly frequented area around Museumsquartier, FOREIGN NATIONALS AGE PROFILE OF POPULATION Mariahilfer Straße Spittelberg, and Neubaugasse. Schottenfeldgasse VIENNA 28.6% U Neubaugasse 1,600 0–5 YEARS NEUBAU 29.0% + 0.4% 1,810 6 – 14 YEARS U Zieglergasse 3,811 15 – 24 YEARS U Westbahnhof AVERAGE INCOME * 20,528 25 – 64 Y EARS 4,448 > 65 YEARS € 24,327 NEUBAU * Source: Statistics Austria, wage tax statistics for 2016, average annual net income HOT SPOTS € 22,173 VIENNA AGE 40.0 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 The Seventh District mainly has three groups – Postmaterial- Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED ists, High Achievers and Digital Individualists especially appre- servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 13.00 / m2 Postmaterialists ciate the cultural diversity of the district with everything from alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������� € 11.00 / m2 New Middle Adaptive- studios to restaurants and trendy bars. Digital Individualists FIRST OCCUPANCY ��������������������������������������������� € 5,700 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 4,400 / m2 INVESTMENT PROPERTY ��������������� € 1,850 to € 3,900 / m2 set great store by Wilhelminian-style flats that make ideal Escapists flat-shares, and High Achievers enjoy the attractive loft Consumption Oriented In this district, 219 changes of ownership were registered in the land registry in 2017, conversions. Basic Orientation with a total sales value of approx. € 99 million.
First Vienna Residential Market Report | 2018 32 1080 JOSEFSTADT WILL PLAY ANY PIECE © Das Hamerling J JOSEFSTADT IS THE SMALLEST district in Vienna, district centres on its theatre, Theater in der Josefstadt, the oldest still existing and also one of the most densely built. Even with the limited space theatre in Vienna. The little sister of the Seventh District, Josefstadt has plenty Krotenthallergasse 5 / EHL Immobilien available, the district has many open squares such as Albertplatz, of schools and lies in close proximity to the University of Vienna, but also has Bennoplatz, Piaristenplatz with plenty of bars and restaurants to stop at. The more bars, more students, and slightly more Biedermeier-style flair. × HOUSING FACTS USAGE 25,528 RESIDENTS 2017 SPECIAL FEATURES 13,168 MAIN RESIDENCES 70.0% BUILT-UP HOT SPOTS OF DISTRICT 1.95 PERSONS / HOUSEHOLD 2017 28.1% TRAFFIC 1.9% GREEN INCL. MOVED IN + 6,370 WATER BODIES Alser Straße SMALL IS BEAUTIFUL MOVED OUT – 5,963 MIGRATION BALANCE +407 Laudon- The Eighth District of Vienna at 1.1 km² lies between the First District gasse and the Vienna Beltway (“Gürtel”). The recently completed “Das Hamerling” prestige project provides maximum exclusivity right in the U Josefstädter Straße Lange Gasse midst of the Eighth District, and other residential buildings with solid DEMOGRAPHIC FACTS Floriani- structures are being revitalised and fitted out into luxury lofts. The hot park Josefstädter Straße spots in the district mainly include the alleyways near the old AKH FOREIGN NATIONALS AGE PROFILE OF POPULATION Josef U Rathaus hospital such as Laudongasse and Lange Gasse, but also Josefstädter städter VIENNA 28.6% Straße Straße and Albertgasse with the adjoining Florianigasse. 1,172 0–5 YEARS JOSEFSTADT 30.1% + 1.5% 1,410 6 – 14 YEARS 3,870 15 – 24 YEARS AVERAGE INCOME * 15,224 25 – 64 Y EARS Lerchenfelder Straße 3,852 > 65 YEARS € 24,523 JOSEFSTADT * Source: Statistics Austria, wage tax statistics for 2016, average annual net income € 22,173 VIENNA AGE 39.9 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 Postmaterialists – the prevailing group in the district – need Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED to identify with district politics. An ethnically diverse range of servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 13.00 / m2 Postmaterialists restaurants and cafés, the wide range of cultural recreation alists OWNER-OCCUPIED OTHER ������������������������������������������������������������������� € 11.30 / m2 New Middle Adaptive- options as well as traffic calming make the district especially FIRST OCCUPANCY �������������������������������������������� € 6,000 / m2 Traditionals Class Pragmatists Social Status OTHER ���������������������������������������������������������������� € 4,400 / m2 INVESTMENT PROPERTY ��������������� € 2,150 to € 4,000 / m2 attractive to Postmaterialists. Escapists Consumption Oriented In this district, 187 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 60 million.
First Vienna Residential Market Report | 2018 34 1090ALSERGRUND CANALE GRANDE © PREMIUM Immobilien AG L IKE THE SEVENTH AND EIGHTH DISTRICTS, Alsergrund Liechtensteinmuseum. Alsergrund borders on seven other districts, and is dominated by universities, students, and a varied nightlife, for is an ideal base for shopping and sightseeing tours in Vienna. Another Nußdorfer Straße 90–92 / EHL Immobilien instance along Donaukanal. There is a variety of cultural events highlight: the Strudlhofstiege staircase made world-famous by Heimito at the WUK cultural centre, Volksoper, and Palais Liechtenstein with the von Doderer. × HOUSING FACTS USAGE 42,709 RESIDENTS 2017 HOT SPOTS U Spittelau SPECIAL FEATURES 22,975 MAIN RESIDENCES 60.5% BUILT-UP OF DISTRICT 1.89 PERSONS / HOUSEHOLD 2017 32.0% TRAFFIC 7.5% GREEN INCL. MOVED IN + 8,426 WATER BODIES U Nussdorfer Straße VERSATILITY IS KEY MOVED OUT – 8,934 Franz- MIGRATION BALANCE –508 Josefs- Bahnhof Art, culture, education, and water – Alsergrund has it all. The Nussdorfer Straße district has always been immensely popular, and not only among U Friedensbrücke students. Current residential projects such as on Althangründe, Franz-Josefs-Bahnhof Franz Josef Station, and other projects along Liechtensteinstraße, DEMOGRAPHIC FACTS U Währinger Straße Donau- kanal some with revitalisation, have further enhanced the district’s value. The most popular hot spots in the district include Servitenviertel, FOREIGN NATIONALS AGE PROFILE OF POPULATION U Roßauer Lände U Michelbeuern-AKH the old AKH hospital, and the area along Donaukanal. VIENNA 28.6% Serviten- 2,211 0–5 YEARS viertel Währinger Straße U Schottenring ALSERGRUND 32.2% + 3.6 % 2,570 6 – 14 YEARS 6,079 15 – 24 YEARS Altes AVERAGE INCOME * 25,461 25 – 64 Y EARS AKH U Alser Straße U Schottentor 6,338 > 65 YEARS Alser Straße € 23,720 ALSERGRUND * Source: Statistics Austria, wage tax statistics for 2016, average annual net income € 22,173 VIENNA AGE 39.5 YEARS SINUS-MILIEUS ® for employees in total, in euros, valid as of December 2017 Many High Achievers and Postmaterialists live in the Established High Achievers Con- HOUSING COSTS (PRICE/m ) 2 RENTED Ninth District, with emerging quarters and resident student servatives Digital Individu- FIRST OCCUPANCY ��������������������������������������������� € 12.80 / m2 Postmaterialists dormitories increasing the district’s attractiveness for alists OWNER-OCCUPIED OTHER �������������������������������������������������������������������� € 11.10 / m2 New Middle Adaptive- High Achievers. Postmaterialists also appreciate the FIRST OCCUPANCY ��������������������������������������������� € 5,700 / m2 Traditionals Class Pragmatists Social Status OTHER ����������������������������������������������������������������� € 4,100 / m2 INVESTMENT PROPERTY ��������������� € 1,850 to € 3,800 / m2 numerous universities in the area, and enjoy being close Escapists to the attractions that the north of Vienna has to offer. Consumption Oriented In this district, 394 changes of ownership were registered in the land registry in 2017, Basic Orientation with a total sales value of approx. € 164 million.
You can also read
NEXT SLIDES ... Cancel