2019 EDITION FIRST VIENNA RESIDENTIAL MARKET REPORT - EHL-Immobilien
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FIRST VIENNA
RESIDENTIAL
MARKET REPORT EDITION
2019
EDITORIAL
DEAR READER
We are pleased to present the First Vienna Residential Market Report for lations. If this trend continues, it will have a significant impact on housing
the seventh time. costs, and especially the possibility of financing entire projects.
Vienna was not only selected as the city with the highest quality of life for We at the BUWOG Group and EHL Immobilien are familiar with the chal-
the ninth year in a row as part of the Mercer Study last year; Austria’s capital lenges that the Vienna housing market is facing. We are dealing intensively
outranked Melbourne, Australia, after seven years at the top according to with housing needs and requirements that need to be met now and in the
the British Economist. future, for people of every generation. Changing values, digitalisation and
sustainability are not just buzzwords for us. These concepts play a major
Even so, the huge popularity of Vienna has also given rise to a number of role in the planning and construction of housing projects that will also need
challenges for the city: the population has been rising steadily, and is pro- to reflect the demands of society in years to come. We are doing our best
jected to reach around two million inhabitants by 2026. This development to ensure that our customers and the residents of Vienna enjoy adequate
has led to years of demand outstripping supply on the Vienna housing state-of-the-art housing with correspondingly high quality of living both today
market as well as land scarcity that housing developers in particular have and in the future. Residential property not only meets basic human needs,
had to contend with. The way out of this has been upwards: residential but is also a major economic factor regarding employment, innovation,
and growth as not only burgeoning market demand shows.
“Residential high-rise blocks hold the potential
The BUWOG Group is one of the largest developers in Vienna, and EHL
to provide the housing Vienna needs on a small Immobilien is the leading real-estate service company. As such, we place
FIRST VIENNA footprint.“ a lot of importance on passing on our expertise and experience in the
housing market while providing a summary of the developments, pros-
RESIDENTIAL pects and peculiarities of the property market in this report.
MARKET REPORT high-rise buildings provide great potential for large numbers of residential
units and high quality of life on a relatively low footprint. This makes it pos- We wish you an enjoyable browse through the First Vienna Residential
sible for developers to create the residential space that Vienna needs des- Market Report for 2019.
www.residentialmarketvienna.at pite low opportunities for densification. There are interesting new high-rise
development projects in construction or planning spread all over Vienna;
read more on the following pages.
The City Government of Vienna is also looking for ways to provide more
housing for the city. These include efforts to speed up the approval process.
In contrast, construction costs have been increasing for months, which is
partly due to the high demand and partly to the many standards and regu-
YOURS SINCERELY
Mag. Daniel Riedl FRICS Andreas Holler, BSc Mag. Michael Ehlmaier FRICS DI Sandra Bauernfeind FRICS
Member of the Management Managing Director of Managing Partner of Managing Partner of
Board, Vonovia SE BUWOG Group GmbH EHL Immobilien GmbH EHL Wohnen GmbH
First Vienna Residential Market Report | 2019 02 03 First Vienna Residential Market Report | 2019
INTRODUCTION INTRODUCTION
TABLE OF CONTENTS OUR MOTIVATION
01 EDITORIAL 36 1100 VIENNA FAVORITEN THE FIRST VIENNA RESIDENTIAL MARKET REPORT has already AS IN PREVIOUS YEARS, the First Vienna Residential Market Report
38 1110 VIENNA SIMMERING reached its seventh edition in 2019. We are very proud to provide our is unique in that it only quotes final prices – purchase prices or rents
40 1120 VIENNA MEIDLING readers a comprehensive insight into the Viennese housing market from actually achieved – rather than offer prices. This increases the report’s
INTRODUCTION 42 1130 VIENNA HIETZING our experience and knowledge of the real-estate sector for the seventh relevance while making the First Vienna Residential Market Report one of
02 TABLE OF CONTENTS 44 1140 VIENNA PENZING year. We at the BUWOG Group and EHL Immobilien have been putting a kind compared to many other market reports and studies. As an annual
03 OUR MOTIVATION 46 1150 VIENNA RUDOLFSHEIM-FÜNFHAUS all our efforts into it year after year. publication, the report also provides comparison figures for Vienna and
04 BUWOG GROUP 48 1160 VIENNA OTTAKRING the districts.
05 EHL IMMOBILIEN 50 1170 VIENNA HERNALS WE, THE BUWOG GROUP as one of the most active real-estate
52 1180 VIENNA WÄHRING developers and EHL Immobilien as one of the largest real-estate service ALL INFORMATION USED corresponds to the current state of knowl
54 1190 VIENNA DÖBLING companies, have pooled our entire knowledge as market experts in the edge and the latest data. The statistical information that the report draws
HOUSING MARKET 56 1200 VIENNA BRIGITTENAU current issue of the First Vienna Residential Market Report. We believe on comes from Statistics Austria (the state statistics office) and the City of
06 OWNERSHIP STRUCTURE 2018 58 1210 VIENNA FLORIDSDORF that it is essential to provide home seekers and other stakeholders with Vienna (MA 23 – Economics, Labour and Statistics).
08 DEMOGRAPHICS OF AUSTRIA 60 1220 VIENNA DONAUSTADT an overview of developments in the Vienna housing market. For this
09 HOUSEHOLDS IN AUSTRIA 62 1230 VIENNA LIESING reason, you will find useful facts and figures as well as extracts from the
10 DEMOGRAPHICS OF VIENNA market study on new development, apartments for owner-occupiers and
11 HOUSEHOLDS IN VIENNA investors in Vienna for 2018 in this issue.
BUWOG GROUP & EHL IMMOBILIEN PROJECTS
64 MARINA TOWER / BUWOG GROUP
12 FACTS 65 AMELIE / BUWOG GROUP
13 FIGURES 66 GRINZINGER ALLEE / BUWOG GROUP
14 THE SINUS-MILIEUS® 67 RIVUS II / BUWOG GROUP
68 SEESEE LIVING / BUWOG GROUP
DISTRICTS OF VIENNA 69 5IN22 / EHL IMMOBILIEN
16 VIENNA AT A GLANCE 70 BREITENLEER GÄRTEN / EHL IMMOBILIEN
18 1010 VIENNA INNERE STADT 71 BÖRSEPLATZ 1 / EHL IMMOBILIEN
20 1020 VIENNA LEOPOLDSTADT 72 ROSÉ / EHL IMMOBILIEN
22 1030 VIENNA LANDSTRASSE 73 WILDGARTEN / 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
GROUP
THE BUWOG GROUP is the leading full-service supplier to the THE NEWLY FOUNDED EHL WOHNEN GMBH company is part of
residential housing sector in Austria with sixty-seven years of experience the EHL Immobilien Group and one of the leading real-estate agencies
in the property market. The Group’s high-quality portfolio currently in Greater Vienna. Apart from arranging rented, occupier-owned, and
includes around 21,000 units distributed across Austria. investment contracts as well as brokering land and property deals, the
company operates in property development consulting – the company
THREE BUSINESS DIVISIONS, each strategically valuable, make up advises developers on optimised market-oriented design and marketing
the business model: property development for the market or transfer for their projects.
to the existing BUWOG asset portfolio, property sales as value-oriented
sales of individual apartments, properties and portfolios, and asset EHL IMMOBILIEN was founded in 1991, and is one of Austria’s leading
management form a closed value-added loop that is the core business residential property service suppliers specialising in residential, commer-
area of the BUWOG Group. cial, and investment properties. Our range extends from estate agency
services and property valuation to property and construction administra-
SINCE NOVEMBER 2018, the BUWOG Group has been a wholly tion; asset, centre and portfolio management; as well as market research
owned subsidiary of Europe’s leading residential housing company, and investment consulting.
Vonovia SE, which is based in Bochum, Germany.
OUR RESPONSIBLE RELATIONSHIPS with customers and partners
OUR LONGSTANDING and extensive know-how in all areas of con- have been confirmed by several awards. Six EHL executives have been
struction and housing forms the fundamental basis of our activities for awarded a total of nine CÄSAR awards for outstanding achievements in
the benefit of our customers. Awards in project development and sus- property. In addition, EHL has been conferred the IMMY Award eight times
tainability stand witness to the successful activity of the BUWOG Group – this is the definitive quality award amongst Viennese estate agents.
in the real estate market, and showcase the capability, commitment, and
professionalism shared by just below four hundred employees. We have OUR CUSTOMERS BENEFIT from a complete range of real-estate
focused on the federal capital in our housing projects, and see great im- services across the world as well as our own local experts thanks to our
portance in the positive synergy effects of networking our three business exclusive partnership with BNP Paribas Real Estate.
divisions.
IN 2018, EHL ARRANGED deals for around 1,200 residential units
HAPPY LIVING is our mission. To turn this into a reality, we have (rental/owner-occupied/investment) and 43,000 square metres of office
been pursuing one key objective in developing all our residential projects space with a transaction volume at around 1.05 billion euros. The annual
from planning through to management: the creation of modern and volume from the fast-growing property valuation segment exceeds 11 bil-
future-oriented quality of living. × lion euros. Apart from that, EHL manages properties in a variety of asset
classes at a total of more than two million square metres. ×
BUWOG Group EHL Immobilien
First Vienna Residential Market Report | 2019 06 07 First Vienna Residential Market Report | 2019
HOUSING
MARKET
OWNERSHIP STRUCTURE IN 2018
AROUND 920,000 APARTMENTS IN VIENNA count as inhabited, equal share in Vienna and Austria; this share is rather low compared to
with around 77% of households living in rented accommodation – other forms of housing, while still remaining largely stable. Naturally,
an extraordinary housing market compared to the other eight Austrian most Austrians prefer to live in single-family homes, and this is the main
federal states. Of these 708,000 or so rented apartments, around household form across the country – as opposed to Vienna, where this
405,000 are owned by the City of Vienna or non-profit housing associ- share of households is very low. ×
ations. People living in owner-occupied apartments occupy a roughly
HOUSING STOCK 2018 VIENNA AUSTRIA
TOTAL PRIMARY RESIDENCES approx. 920,000 * approx. 3,915,092 *
OWNERSHIP ABSOLUTE FIGURES ABSOLUTE FIGURES
HOUSE OWNER-OCCUPIERS 55,200 1,487,735
APARTMENT OWNER-OCCUPIERS 128,800 430,660
MAIN TENANTS (COLLECTIVE) 708,400 1,644,339
PRIVATE INDIVIDUALS AND LEGAL ENTITIES 303,600 704,71 7
PUBLIC CORPORATIONS 211,600 313,207
NOT-FOR-PROFIT HOUSING COOPERATIVES 193,200 626,415
SUBLEASES AND OTHER LEASE ARRANGEMENTS 27,600 352,358
* Source: Statistics Austria (new extrapolation method as of the 2014 Microcensus), own calculations
First Vienna Residential Market Report | 2019 08 09 First Vienna Residential Market Report | 2019
HOUSING
MARKET
DEMOGRAPHICS OF AUSTRIA HOUSEHOLDS IN AUSTRIA
AS OF JANUARY 1, 2018, AUSTRIA WAS HOME TO 8,822,267 people, of whom 5,455,776 were between 20 and 64 years old. At the start of THE AVERAGE HOUSEHOLD SIZE of the around 3,890,000 private households in Austria was 2.22 people in 2017. The trend towards small
2017, the average age of the people living in Austria was 42.6 years. According to the latest forecasts, the population of Austria is expected to reach the households continues, with the figure being similar to that of 2015. In 1984, the average household size was 2.70, while experts predict that this
9 million mark in 2022. × figure will drop to 2.09 by 2080. ×
DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR SINGLE
FOR AUSTRIA AS OF JANUARY 1, 2018 AND MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA
2017 TO 2070 2017 TO 2080
8,795,073 9,844,235
Households in %
Population
1,719,499 0–19 YEARS
10,000,000 80
70 62.63%
1,646,992 > 65 YEARS
8,000,000 58.26%
60
6,000,000 50
41.74%
37.37%
40
4,000,000 5,455,776 20–64 YEARS 30
20
2,000,000
10 SINGLE-PERSON HOUSEHOLDS
0 0
MULTIPLE-PERSON HOUSEHOLDS
2000 2010 2020 2030 2040 2050 2060 Year 2017 2080 Year
2016 2070
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 9,844,235 people. →→ From 2017 to 2080, the number of single-person households is expected to increase by 34.21% (from 1,453,077 to 1,950,178)
→→ This corresponds to an increase by nearly 12% from 2017 to 2070. as based on the total number of households in the respective year.
→→ By 2070, around 28.5% of the population will be 65 years or over, up from 18.6% in 2017. →→ From 2017 to 2080, the number of private households with more than one person is expected to rise by only 11.79%
→→ The number of people living in Austria below the age of 20 will continue to drop gradually, (from 2,435,554 to 2,722,752) as based on the total number of households in the respective year.
from 19.6% in 2017 to 19.0% by 2070. →→ From 2017 to 2080, the total number of private households is expected to rise by 20.17% (from 3,888,631 to 4,672,930).
→→ The predicted average household size for 2080 is around 2.09 persons.
First Vienna Residential Market Report | 2019 10 11 First Vienna Residential Market Report | 2019
HOUSING
MARKET
DEMOGRAPHICS OF VIENNA HOUSEHOLDS IN VIENNA
AS OF JANUARY 1, 2018, THE POPULATION OF VIENNA was 1,888,776. Of these, 310,781 people were older than 65, and 365,474 were VIENNA HAD AROUND 917,156 HOUSEHOLDS with an average household size of just 2.03 persons in 2017. The households in Vienna
younger than 20 years of age. On January 1, 2018, the average age in Vienna was 40.3 years (41.7 for women and 38.8 for men). Current forecasts account for just below a quarter of all households in Austria. ×
predict that the population of the capital will hit the two million mark as early as in 2026. ×
DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION PRIVATE HOUSEHOLDS FORECAST FOR SINGLE
FOR VIENNA AS OF JANUARY 1, 2018 AND MULTIPLE-PERSON HOUSEHOLDS IN VIENNA
2017 TO 2070 1,877,719 2,233,401 2017 TO 2080
Households in %
Population
365,474 0–19 YEARS
60 54.86% 52.98%
2,000,000
45.14% 47.02%
310,781 > 65 YEARS 50
40
1,750,000
30
1,212,521 20–64 YEARS
20
1,500,000
10 SINGLE-PERSON HOUSEHOLDS
0 MULTIPLE-PERSON HOUSEHOLDS
2017 2080 Year
1,250,000
1985 1995 2005 2015 2030 2040 2050 2060 2070 Year
FORECAST FORECAST
→→ By 2026, Vienna will have a population of more than two million. →→ Between 2017 and 2080, the number of single-person households will increase by more than 28.19%
→→ By 2070, the population of the city is expected to reach 2,233,401. (from 413,956 to 530,633).
→→ This corresponds to an increase of nearly 19.0% from 2017 to 2070. →→ From 2017 to 2080, the number of multiple-person households is expected to rise by more than 18.82%
→→ By 2070, around 23.4% of the city‘s population will be 65 years or over, up from 16.5%. (from 503,200 to 597,872) as based on the total number of households in the respective year.
→→ The number of people in Vienna below the age of 20 will increase only gradually, →→ From 2017 to 2080, the number of private households will increase by more than 23.04% (from 917,156 to 1,128,505)
from 19.3% today to 20.0% by 2070. as based on the total number of households in the respective year.
→→ It is expected that there will be more than one million households in Vienna by 2030.
→→ The predicted average household size for 2080 is 1.96 persons.
First Vienna Residential Market Report | 2019 12 13 First Vienna Residential Market Report | 2019
USEFUL FACTS VIENNA IS GROWING
FACTS
ABOUT VIENNA FIGURES
THIS PAGE PROVIDES A SUMMARY of exciting and interesting information on the THE PAST FEW MONTHS AND YEARS in particular have seen heavy construction activity
Austrian capital. × in Vienna as the following figures show. The number of large-scale projects comprising more than
a hundred apartments each has undergone an especially remarkable increase. ×
NUMBER OF BUILDINGS HIGHEST BUILDINGS * PROJECT PHASES OVER TIME
OVER TIME
Source: bulwiengesa AG und Standort + Markt Beratungsge-
sellschaft m.b.H.: Market study on new construction projects,
owner-occupied and investment apartments in Vienna –
500 446 PLANNING PHASE
423
394 CONSTRUCTION PREPARATION
400 349 IN CONSTRUCTION
Number of projects
five-year comparison; correct as of 2018.
153,693
134,321
164,746
278 COMPLETED
168,167
96,209
67,292
74,481
300
200
1951 1961 1971 1981 1991 2001 2011
100
250 m
202 m
130 m
138 m
162 m
127 m
POPULATION DENSITY * 0
2014 2015 2016 2017 2018
VIENNA: 46 persons per hectare
DC Millennium IZD Twin Marina Twin
UP TO 100 Tower Tower Tower Tower I Tower Tower II
101 TO 200 APARTMENTS WITH PLANNING PERMISSION IN NEW BUILDINGS,
201 AND MORE
2014 TO 2018
PUBLIC TRANSPORT * 25,000
23,000
23,000
Length 20,000
Passengers Lines
of line
Number of units
15,000
16,000
U-Bahn 453.6 million 83.0 km 5
metro service
10,000
11,000
Trams 305.8 million 220.4 km 28
9,000
5,000
Bus 202.3 million 646.6 km 128
0
Total 961.7 million 950.0 km 161 2014 2015 2016 2017 2018*
LOWEST DENSITY: HIGHEST DENSITY:
HIETZING MARGARETEN
14.4 persons per hectare 276,6 persons per hectare
APARTMENTS COMPLETED IN NEW BUILDINGS, 2014 TO 2018
15,000
SHARE OF RESIDENTIAL AREA* * ROAD LENGTHS *
14,000
RELATIVE TO TOTAL 12,000
Shortest street: Irisgasse 17.5 m
Number of units
10,000
9,000
Longest street: Höhenstraße 15.0 km
8,000
8,000
8,000
6,000
*Prediction by EHL
60.9% Total length of streets in Vienna 2,830 km
25.4 %
*Stand 2017
14.5% 3,000
Vienna total Leopoldstadt Josefstadt 0
2014 2015 2016 2017 2018*
First Vienna Residential Market Report | 2019 14 15 First Vienna Residential Market Report | 2019
UPPER CLASS
THE
SINUS-
SINUS-
MILIEUS ®
MILIEUS ® WHO LIVES HOW
ESTABLISHED. The performance-oriented elite with a strong sense POSTMATERIALISTS. Open-minded social critics – intellectual, edu-
THE FOLLOWING PAGES GIVE A SUMMARY OF SINUS-MILIEUS®. of tradition – strongly focused on status, exclusiveness, responsibili- cated milieu, interested in variegated aspects of culture; cosmopolitan
Sinus-Milieus® constitute a model that groups people according to their basic attitudes and lifestyles. Sinus-Milieu groups differ with regard to their ty, and leadership. The apartments are often a stylishly harmoni- orientation, but critical towards globalisation; socially committed.
consumer behaviour, lifestyle, and living environment. Further details on Sinus-Milieus® are given on page 75. ous combination of traditional and modern. Home styles are dominated by a sense of nature and authenticity;
distinction from the mainstream plays a crucial role in this social group.
TRADITIONAL MILIEUS
CONSERVATIVES. Trendsetters in the traditional sphere with high TRADITIONALS. Emphasis on security, order, and stability – root HIGH ACHIEVERS. The flexible and globally oriented performance DIGITAL INDIVIDUALISTS. The individualistic, networking, digital
ethics of responsibility – strongly characterised by Christian ethics, ed in the old petty-bourgeois world, in the traditional blue-collar 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 social culture, or in the rural milieu. Home tastes are based on tradition priority; competent in business and IT. High achievers appreciate online and offline, permanently looking for new experiences. The
development. Home is an expression of upper or middle-class al cosiness and rural aesthetics. open, generously dimensioned interior designs that focus on home is creatively designed with deliberately unconventional
lifestyle in clear distinction from current attitudes. presentation. highlights.
CENTRAL MILIEUS THE MODERN LOWER CLASS
NEW MIDDLE CLASS. The adaptive mainstream – seeking ADAPTIVE-PRAGMATISTS. The young pragmatist middle CONSUMPTION ORIENTED. The materialistic lower class striving ESCAPISTS. The modern lower middle class, living for the
professional and social establishment, secure and harmonic stratum – pronounced life-pragmatism, strong desire for anchor for participation – sense of discrimination, resentments, and excitement of the moment – seeking fun and amusement;
circumstances, support and orientation, peace and a slow pace. age, membership, security, performance orientation, but also the pronounced fears of the future; striving to stay connected with the rejection of traditional standards and conventions. The aesthetic
They prefer interiors with neo-rustic, conventional aesthetics. wish for fun and entertainment. The prevailing lifestyle is either consumption standards of the middle class. An attempt is made to of heavy stimuli dominates with a zest for provocation and
trendy or quiet and down-to-earth. present an intact and bourgeois living environment. challenging taboos.
First Vienna Residential Market Report | 2019 16 17 First Vienna Residential Market Report | 2019
DISTRICTS
OF VIENNA
THE TABLE contains all key data and facts regarding population, THE SECTIONS BELOW provide more detailed information on the
income, property prices, and rents. The quoted prices are not asking or individual districts, including key demographic data, statistics, and spe-
advertised prices but the prices that were actually paid upon signing of cial features within the districts. ×
VIENNA AT A GLANCE the contract.
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 16,450 € 34,482 € 18,600 € 11,200 n/a** n/a**
construction are shown as broken lines. × 1020 VIENNA · LEOPOLDSTADT 105,574 € 21,527 € 5,200 € 3,800 € 12.10 € 10.20
1030 VIENNA · LANDSTRASSE 90,712 € 24,525 € 5,300 € 3,800 € 12.20 € 10.70
PLANNED EXTENSION OF U2 METRO LINE
PLANNED EXTENSION OF U5 METRO LINE 1040 VIENNA · WIEDEN 33,319 € 25,325 € 5,400 € 3,900 € 13.00 € 11.20
CURRENT ROUTE OF U2 METRO LINE, 1050 VIENNA · MARGARETEN 55,640 € 20,056 n/a*** € 3,700 € 11.80 € 10.60
TO BECOME U5 METRO LINE
1060 VIENNA · MARIAHILF 32,069 € 23,570 € 5,300 € 3,850 € 13.00 € 11.00
A22 21. U Leopoldau
1070 VIENNA · NEUBAU 32,467 € 24,654 € 5,750 € 4,400 € 13.00 € 11.00
1080 VIENNA · JOSEFSTADT 25,662 € 24,464 n/a*** € 4,500 € 13.00 € 11.30
19. U Floridsdorf 1090 VIENNA · ALSERGRUND 42,547 € 24,091 € 5,750 € 4,300 € 13 .10 € 11.20
S2
U Heiligenstadt 1100 VIENNA · FAVORITEN 201,882 € 19,122 € 4,150 € 2,700 € 10.90 € 9.10
20. 1110 VIENNA · SIMMERING 101,420 € 20,568 € 3,600 € 2,300 € 10.00 € 8.90
18. U Spittelau
17. 1120 VIENNA · MEIDLING 97,624 € 20,083 € 4,150 € 3,100 € 11.20 € 10.00
14. 9. U Seestadt 54,265 € 29,357 € 5,700 € 4,150 € 12.80 € 11.00
16. U Elterleinplatz **
1130 VIENNA · HIETZING
U Ottakring 1.
8. U Stephansplatz
1140 VIENNA · PENZING 92,752 € 23,726 € 4,300 € 3,100 € 11.30 € 10.30
2. 22. 1150 VIENNA · RUDOLFSHEIM 79,029 € 17,893 € 4,150 € 2,850 € 11.20 € 10.10
7. U Karlsplatz
U Westbahnhof 1160 VIENNA · OTTAKRING 104,627 € 19,860 € 4,200 € 2,850 € 11.20 € 10.20
U Hütteldorf
15. 6. 4. 3. 1170 VIENNA · HERNALS 57,546 € 21,0 91 n/a*** € 3,000 € 11.30 € 10.00
A1
5.
1180 VIENNA · WÄHRING 51,647 € 25,560 € 5,550 € 3,800 € 12.60 € 10.80
13.
12. U Simmering
1190 VIENNA · DÖBLING 72,6 5 0 € 26,728 € 6,200 € 4,200 € 13.00 € 10.90
U Wienerberg **
1200 VIENNA · BRIGITTENAU 87,239 € 18,738 € 4,150 € 2,700 € 10.70 € 9.90
11. A4
1210 VIENNA · FLORIDSDORF 162,779 € 22,338 € 4,050 € 2,750 € 10.80 € 9.70
10. 1220 VIENNA · DONAUSTADT 187,007 € 24,427 € 4,200 € 2,700 € 11.20 € 10.00
23.
A23 U Oberlaa 1230 VIENNA · LIESING 103,869 € 25,209 € 3,750 € 2,850 € 10.50 € 9.80
U Siebenhirten
S1
VIENNA AIRPORT * Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
** 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.
*** The sample observed was too small to deliver reliable and accurate information.*** Im The report assumes residential rents that are not subject to the full scope of the Austrian Tenancy Act. The sample from
First Vienna Residential Market Report | 2019 18
any valid information, and has been omitted in the rent levels statistic.
1010 INNER CENTRE
© Kneidinger & Karkocha Visualisierungen
INNERE STADT
and dentists
small to deliver
T
was toospecialists
HE FIRST District has seen a surge in residential construction under construction at Rathausplatz and around Börseplatz 1, with other
not witnessed for a long time and a good mix of all sizes can be residential construction projects in planning at Franz-Josefs-Kai. Hotspots Stadiongasse 4 / EHL Immobilien
practitioners,
found here. First-class luxury development projects are currently include Börseplatz, Graben, and the area around Tuchlauben. ×
First District
general
HOUSING FACTS GOOD TO KNOW
* Totalthe
U Schottenring 16,450 RESIDENTS 2018 35,020 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
8,921 MAIN RESIDENCES 2017 476 DOCTORS*
U Schottentor
1.89 PERSONS/ HOUSEHOLD 2017
Börse- 3 DOG ZONES
platz
MOVED IN + 1,849 8 PLAYGROUNDS
U Schwedenplatz
Tuch
lauben Rotenturmstraße MOVED OUT – 1,815
1,251 PARK BENCHES
U Rathaus MIGRATION BALANCE +34
U Herrengasse
Graben
U Stephansplatz
U Stubentor
U Volkstheater Kärntner Straße DEMOGRAPHIC FACTS
U Stadtpark FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Museumsquartier
VIENNA 29.6%
763 0–5 YEARS
HOTSPOTS
-4.9% INNERE STADT 24.7%
960 6–14YEARS
U Karlsplatz
1,543 15–24 YEARS
AVERAGE INCOME ** 9,029 25–64 YEARS
SPECIAL FEATURES OF DISTRICT 4,155 > 65 YEARS
€ 34,482 INNERE STADT
The First District’s exclusivity also distinguishes itself in its inhabitants Sacher or a Wiener Melange coffee at the legendary Café Hawelka. Anyone € 23,365 VIENNA AGE 46.4 YEARS
with primarily Sinus-Milieus® such as the Established and High Achievers exploring the city will discover buildings and institutions of historical value
represented here. The former appreciate the excellent reputation of the around almost every corner – the author Franz Grillparzer was born at
neighbourhood as well as the cultural institutions such as the Vienna State Bauernmarkt 1, for example. Just under fifty percent of the area has been
Opera, which has already featured in Hollywood movies. High Achievers developed, but the green areas in the city centre that account for around * Total general practitioners, specialists and dentists
WOHNEN
feel especially at home in (PREIS/m 2
)
the cosmopolitan environment with trendy
EIGENTUM
ten percent of the total area of the district provide a uniquely elegant flair. HOUSING COSTS (PRICE/m 2) RENTED
ERSTBEZUG FIRST OCCUPANCY ������������������������������������������������������ n/a***
restaurants nearby. The city centre is a diverse part of Vienna, enjoying Ringstraße
SONSTIGEwith its surrounding diversity of shopping opportunities arose OWNER-OCCUPIED OTHER ���������������������������������������������������������������������������� n/a***
great popularity amongst inhabitants and tourists alike. This is an within
MIETEthe previous city walls in the middle of the nineteenth century, and FIRST OCCUPANCY ��������������������������������������������� € 18,600/m2
ideal place to enjoy life over a slice of cake from the famous Hotel is still recognisable as a grand boulevard today.
ERSTBEZUG OTHER ������������������������������������������������������������������� € 11,200/m2 INVESTMENT PROPERTY ������������������ € 4,500 to € 9,350/m2
SONSTIGE
ZINSHAUS In this district, 127 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 155 million.First Vienna Residential Market Report | 2019 20
1020
LEOPOLDSTADT
THE BLUE DANUBE
© isochrom.com
L
EOPOLDSTADT is a popular residential area with the Stuwer- infrastructure and favourable location on the Danube make the district
viertel, Karmelitermarkt and Prater, and one of the largest urban more attractive for new projects such as the Marina Tower project. Wehlistraße 291 / BUWOG Group
development zones in Vienna. The area around the former They are also building upwards in Viertel Zwei with another high-rise
Nordbahnhof railway station will see a good four thousand apartments development in planning here. ×
built by 2025; half of them have already been completed. The effective HOUSING FACTS GOOD TO KNOW
105,574 RESIDENTS 2018 89,250 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
52,160 MAIN RESIDENCES 2017 264 DOCTORS*
2.05 PERSONS/ HOUSEHOLD 2017
13 DOG ZONES
Nord- 62 PLAYGROUNDS
bahnhof
MOVED IN + 14,728
U Praterstern MOVED OUT – 14,466
U Schottenring
1,439 PARK BENCHES
Stuwer- WU- MIGRATION BALANCE +262
viertel Campus/ U Stadion
U Schwedenplatz Messe
Handelskai
Hauptallee
Prater U Donaumarina
Praterkai
DEMOGRAPHIC FACTS
FOREIGN NATIONALS AGE PROFILE OF POPULATION
VIENNA 29.6%
6,904 0–5 YEARS
LEOPOLDSTADT 34.1% +4.5% 8,823 6–14YEARS
HOTSPOTS 13,371 15–24 YEARS
AVERAGE INCOME ** 60,964 25–64 YEARS
SPECIAL FEATURES OF DISTRICT 15,512 > 65 YEARS
€ 21,527 LEOPOLDSTADT
Johann Strauss II wrote the Blue Danube Waltz at Praterstraße 54; the vide not only a district for leisure, but also a recreational area for € 23,365 VIENNA AGE 39.1 YEARS
work is thought to describe the views that the world-famous composer active sports fans and spectators. The green areas in Leopoldstadt
enjoyed in 1867, as Leopoldstadt is situated between the Donaukanal make up more than fifty percent of the total area of the district. The
(Danube Canal) and the Danube. This location provides rapid connections Consumption Oriented Sinus-Milieu® in above-average concentration
to a variety of recreational and leisure activities. Augarten, for exam here particularly appreciates the traditional pub culture of the district * Total general practitioners, specialists and dentists
ple, is one of the oldest and most culturally significant parks in the that can be found in the urban neighbourhood structure; this Sinus- HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY ����������������������������������������������� € 12.10/m2
city with more than fifty-two hectares for long walks. The nearby local Milieu® also values affordable residential areas and shopping on a OWNER-OCCUPIED OTHER �������������������������������������������������������������������� € 10.20/m2
porcelain factory and Vienna Boys’ Choir concert hall are also worth a small budget. FIRST OCCUPANCY ���������������������������������������������� € 5,200/m2
visit. The Vienna Prater, nearby football stadium, and Praterallee pro OTHER �������������������������������������������������������������������� € 3,800/m2 INVESTMENT PROPERTY ������������������ € 1,900 to € 3,500/m2
In this district, 1,021 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 341 million.First Vienna Residential Market Report | 2019 22
1030
© BUWOG / CYCLE ZERO VISUAL GMBH / BEHF
NOTHING BUT VARIETY
LANDSTRASSE
A
NYONE WANTING TO SEE VIENNA from above is at the controversial, the Am Heumarkt high-rise project is still in the planning
right address in the Third District as there are more high-rises stage with construction expected to begin in 2021. The district has seen Döblerhofstraße 8a / BUWOG Group
being built here than in any other district. New building projects high overall demand for living space, making it especially attractive for
around the Donaukanal or Erdberger Lände such as TrIIIple, Ensemble, project developers. ×
Landyard, and The Marks will make a lasting change to the cityscape. Long HOUSING FACTS GOOD TO KNOW
90,712 RESIDENTS 2018 50,600 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
Weißgerberlände 46,547 MAIN RESIDENCES 2017 323 DOCTORS*
U Landstraße
1.97 PERSONS/ HOUSEHOLD 2017
11 DOG ZONES
Stadtpark
U Stadtpark U Rochusgasse
33 PLAYGROUNDS
MOVED IN + 11,973
Rochus-
markt MOVED OUT – 11,601
U Kardinal-Nagl-Platz 1,209 PARK BENCHES
Erd- MIGRATION BALANCE +372
Landstraßer Hauptstraße berger
Lände
Rennweg U Schlachthausgasse
Rennweg U Erdberg
Erdberger
DEMOGRAPHIC FACTS
Mais
Quartier Belvedere St. Marx
Landstraßer Gürtel FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Gasometer
VIENNA 29.6%
5,049 0–5 YEARS
LANDSTRASSE 30.8% +1.2% 6,498 6–14YEARS
HOTSPOTS 10,418 15–24 YEARS
AVERAGE INCOME ** 53,953 25–64 YEARS
14,794 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 24,525 LANDSTRASSE
€ 23,365 VIENNA AGE 40.8 YEARS
The inhabitants of the Third District are just as diverse as the development area, all reflected in the structure of the district. There are Viennese work
activities in the district. The High Achievers Sinus-Milieu® feels especially ing-class neighbourhoods next to elegant embassy quarters, vibrant shop-
at home here due to newly developed areas such as St. Marx – a new ping streets and modern buildings in a fascinating mix that is well worth
state-of-the-art centre for research, media, and housing near downtown taking a stroll through in the “Third”. A few memorial plaques can be * Total general practitioners, specialists and dentists
Vienna. Landstraße excels in contrasts, offering colourful diversity from found along the way: amongst others, Wolfgang Amadeus Mozart called HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY ������������������������������������������������ € 12.20/m2
an attractive bar and restaurant scene around Rochusmarkt to cultural this place home for a while, and Ludwig van Beethoven completed his OWNER-OCCUPIED OTHER �������������������������������������������������������������������� € 10.70/m2
institutions such as Kunsthaus Wien, Rabenhoftheater, and Akademie- ninth symphony at Ungargasse 46 – Ode to Joy, the European anthem FIRST OCCUPANCY ���������������������������������������������� € 5,300/m2
theater, to green areas accounting for around fifteen percent of the district’s since 1972. OTHER �������������������������������������������������������������������� € 3,800/m2 INVESTMENT PROPERTY ����������������� € 2,000 to € 3,800/m2
In this district, 1,292 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 382 million.First Vienna Residential Market Report | 2019 24
1040 WIEDEN
POPULAR DENSITY
T
HE DISTRICT’S COMPACT AREA and dense develop- Wiedner Hauptstraße is burgeoning, becoming increasingly popular
ment place limits on the number of new housing projects with home seekers. Individual luxurious residential projects are Wohllebengasse 6 / EHL Immobilien
in the Fourth District. Even so, there is still a relatively high emerging along the border to the First District; these projects benefit
amount of development: the area around Südtiroler Platz has been from their proximity to the Naschmarkt and Freihausviertel hotspots,
seeing increasing popularity with its direct metro connection, and amongst other things. × HOUSING FACTS GOOD TO KNOW
33,319 RESIDENTS 2018 12,890 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
17,196 MAIN RESIDENCES 2017 179 DOCTORS*
U Karlsplatz
Nasch- Frei- 1.94 PERSONS/ HOUSEHOLD 2017
markt haus- 2 DOG ZONES
viertel
23 PLAYGROUNDS
MOVED IN + 5,397
MOVED OUT – 5,1 59
Prinz-Eugen-Straße 790 PARK BENCHES
U Taubstummengasse MIGRATION BALANCE +238
DEMOGRAPHIC FACTS
Favoritenstraße
Süd- FOREIGN NATIONALS AGE PROFILE OF POPULATION
tiroler
Platz U Südtiroler Platz VIENNA 29.6%
Hauptbahnhof 1,648 0–5 YEARS
WIEDEN 32.0% +2.4% 2,241 6–14YEARS
HOTSPOTS
3,987 15–24 YEARS
AVERAGE INCOME ** 19,794 25–64 YEARS
5,649 > 65 YEARS
SPECIAL FEATURES OF DISTRICT 24.719,–
€ 25,325 WIEDEN
€ 23,365 VIENNA AGE 41.3 YEARS
Despite the low amount of green at around ten percent of the total area of prestigious surroundings including the parts bordering on downtown.
the district, Wieden is no less attractive than other districts as it otherwise Wien Museum, Otto Wagner Pavillon, and Church of St. Charles, a sym-
leaves nothing to be desired: proximity to educational institutions such as bolic landmark of Vienna, are close by Karlsplatz metro junction, making
the Technical University and Theresian Academy and the well-developed it not only a cultural highlight of the district – it also has an interesting * Total general practitioners, specialists and dentists
network of cycling paths attract the Postmaterialist Sinus-Milieu®. High history with composer Antonio Vivaldi finding his final resting place at HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY ������������������������������������������������ € 13.00/m2
Achievers that also occupy an above-average share in Wieden appreci- Karlsplatz 13 in 1741, and Dr. Karl Lueger, former mayor of Vienna, born OWNER-OCCUPIED OTHER ��������������������������������������������������������������������� € 1 1.20/m2
ate the diversity of places to eat out as well as its central location and almost a hundred years later at the same address in 1844. FIRST OCCUPANCY ���������������������������������������������� € 5,400/m2
OTHER �������������������������������������������������������������������� € 3,900/m2 INVESTMENT PROPERTY ������������������ € 2,050 to € 3,900/m2
In this district, 182 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 84 million.First Vienna Residential Market Report | 2019 26
1050 WIDE RANGE
MARGARETEN OF ALTERNATIVES
T
HE FIFTH DISTRICT HAS become distinctly more upmarket Matzleinsdorfer Platz with prices already rising due to the planned exten-
in recent years as reflected in demand for housing. Home seekers sion to the U2 metro line. Siebenbrunnengasse is currently among the Siebenbrunnengasse 19–21 / EHL Immobilien
have discovered the increasing attractiveness of Margareten – not places with new residential development. ×
just around the Naschmarkt and Margaretenplatz hotspots, but also around
HOUSING FACTS GOOD TO KNOW
Nasch-
55,640 RESIDENTS 2018 30,340 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
markt
U Kettenbrückengasse
29,249 MAIN RESIDENCES 2017 138 DOCTORS*
1.93 PERSONS/ HOUSEHOLD 2017
9 DOG ZONES
U Pilgramgasse 34 PLAYGROUNDS
Margare- MOVED IN + 8,967
tenplatz
MOVED OUT – 8,886
552 PARK BENCHES
MIGRATION BALANCE +81
U Margaretengürtel
Wiedner Hauptstraße DEMOGRAPHIC FACTS
Reinprechtsdorfer Straße
FOREIGN NATIONALS AGE PROFILE OF POPULATION
VIENNA 29.6%
3,033 0–5 YEARS
MARGARETEN 37.0% +7.4% 3,675 6–14YEARS
Matzleinsdorfer Platz HOTSPOTS
6,715 15–24 YEARS
AVERAGE INCOME ** 34,521 25–64 YEARS
7,696 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 20,056 MARGARETEN
€ 23,365 VIENNA AGE 39.4 YEARS
The chart hit that brought Falco world fame, “Der Kommissar”, was penned as a working-class district, but has since developed into a hip area with
at Ziegelofengasse 37. The Fifth District is still home to the alternative arts plenty of start-ups. Despite green areas occupying only 4.4 percent of the
scene, which is why the Escapist Sinus-Milieu® has above-average num- district, there are also many smaller parks providing cool shade on a sun-
bers in the district, a milieu that also appreciates the affordable residential ny day within the Beltway. These include the popular courtyards behind * Total general practitioners, specialists and dentists
area near the Vienna Beltway. Nearly sixty-five percent in developed area some of the old buildings. Usually hidden away and only familiar to those HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY�������������������������������������������������€ 1 1 .80/m2
provides plenty of space for attractive student housing, cultural diversity, who know the district, these secret treasures such as Schlossquadrat are OWNER-OCCUPIED OTHER �������������������������������������������������������������������� € 10.60/m2
and a trendy bar and restaurant scene, which also makes Margareten ideal for enjoying a summer’s day in the city. FIRST OCCUPANCY �������������������������������������������������������� n/a**
especially attractive to Digital Individualists. Margareten used to be known OTHER �������������������������������������������������������������������� € 3,700/m2 INVESTMENT PROPERTY ������������������ € 1,800 to € 3,000/m2
In this district, 409 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 107 million.First Vienna Residential Market Report | 2019 28
1060 CULTURE AND
MARIAHILF CULINARY DELIGHTS
© 2017 ss|plus | ZOOM vp
T
HE NEWLY PLANNED Mariahilfer Straße has led to an in- the increased demand for housing around the Gumpendorfer Straße and
creasingly positive development in the Sixth District; the planned Getreidemarkt hotspots. There are currently only a few new development Millergasse 34 / EHL Immobilien
extension to the U2 and U5 metro lines contributes even more projects due to the building density; even so, Mariahilf is still a sought-after
to the attractiveness of Mariahilf. This trend has already manifested itself in residential area. ×
HOUSING FACTS GOOD TO KNOW
32,069 RESIDENTS 2018 14,110 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
U Museumsquartier
Getreide- 16,958 MAIN RESIDENCES 2017 202 DOCTORS*
Mariahilfer Straße markt
U Neubaugasse
1.88 PERSONS/ HOUSEHOLD 2017
Maria- 4 DOG ZONES
hilfer Gumpen-
Straße dorfer Nasch-
Straße markt 22 PLAYGROUNDS
U Zieglergasse MOVED IN + 5,196
Mariahilfer Straße Gumpendorfer Straße U Kettenbrückengasse MOVED OUT – 4,987
330 PARK BENCHES
U Westbahnhof MIGRATION BALANCE +209
U Pilgramgasse
DEMOGRAPHIC FACTS
U Gumpendorfer Straße
FOREIGN NATIONALS AGE PROFILE OF POPULATION
HOTSPOTS
VIENNA 29.6%
U Margaretengürtel
1,474 0–5 YEARS
MARIAHILF 29.9% +0.3% 1,791 6–14YEARS
3,854 15–24 YEARS
AVERAGE INCOME ** 20,171 25–64 YEARS
4,779 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 23,570 MARIAHILF
€ 23,365 VIENNA AGE 40.6 YEARS
Shopping and pleasure are two qualities that the district excels in. area of 2.3 hectares. From gourmet delicatessens to a variety of dining
Mariahilfer Straße – Austria’s longest shopping street – and Gumpendorfer establishments, fine eaters are guaranteed satisfaction until the late eve-
Straße provide an extensive range of local and individual shops as well as ning hours. Mariahilf also has plenty to offer in the way of culture with an
international chain stores. This especially appeals to the High Achievers impressive array of museums, exhibitions, and theatres. This especially * Total general practitioners, specialists and dentists
Sinus-Milieu®, although Postmaterialists also appreciate the many places includes Raimundtheater, which is mainly used for musicals; the theatre HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY������������������������������������������������ € 13.00/m2
to meet as well as the cycle paths and pedestrian precincts. Naschmarkt is was named after the actor and playwright Ferdinand Raimund, who was OWNER-OCCUPIED OTHER ��������������������������������������������������������������������� € 1 1.00/m2
also popular with High Achievers and a highlight in the district for anyone born at Mariahilfer Straße 45 in 1790. This sheer diversity together with FIRST OCCUPANCY ���������������������������������������������� € 5,300/m2
visiting: every day sees a lively tumult brimming with lifestyle and flair like excellent transport links make up for the lack of green areas at just under OTHER �������������������������������������������������������������������� € 3,850/m2 INVESTMENT PROPERTY ����������������� € 2,000 to € 4,000/m2
few other places, with around a hundred and twenty market stalls on an four percent.
In this district, 276 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 108 million.First Vienna Residential Market Report | 2019 30
1070 CREATIVITY
NEUBAU AND DESIGN
© SRE/OLN
N
OT MUCH BUILDING IN NEUBAU: the Seventh District has planning stage; there are more projects on Zieglergasse. Despite its low
relatively little new development, especially as it is already very development activity, Neubau is still a very popular residential area with Lindengasse 60 (Penthouse) / EHL Immobilien
densely built. One worth emphasising is the Über den Linden a variety of attractions. The Museumsquartier and Neubaugasse hotspots
project – the tallest residential building in the quarter is currently in the especially attract the young and creative. ×
HOUSING FACTS GOOD TO KNOW
32,467 RESIDENTS 2018 18,970 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
17,875 MAIN RESIDENCES 2017 173 DOCTORS*
U Thaliastraße
1.85 PERSONS/ HOUSEHOLD 2017
2 DOG ZONES
U Volkstheater 18 PLAYGROUNDS
MOVED IN + 5,037
Burggasse MOVED OUT – 4,895
Muse- 464 PARK BENCHES
ums- MIGRATION BALANCE +142
quartier
U Burggasse-Stadthalle Siebensterngasse
Neubaugasse
Lindengasse
Mariahilfer Straße
Schottenfeldgasse DEMOGRAPHIC FACTS
U Neubaugasse
U Zieglergasse FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Westbahnhof
VIENNA 29.6%
HOTSPOTS
1,635 0–5 YEARS
NEUBAU 29.7% +0.1% 1,828 6–14YEARS
3,818 15–24 YEARS
AVERAGE INCOME ** 20,623 25–64 YEARS
4,563 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 24,654 NEUBAU
€ 23,365 VIENNA AGE 40.1 YEARS
Cultural diversity from studios and restaurants to colourful, trendy known as Amerlinghaus at Stiftgasse 8. The house has survived moves to
bars probably best describes the district, which attracts three Sinus- demolish it throughout the years thanks to the efforts of artists, architects,
Milieus® in above-average numbers to Neubau: Postmaterialists, High and residents. Today, the house is a self-managed cultural and commu-
Achievers, and Digital Individualists. The centre of the creative scene with nications centre, and home to a restaurant as well as the Neubau district * Total general practitioners, specialists and dentists
many young designers establishing a reputation can be found between museum. Parks such as Weghuberpark and Josef-Strauß-Park provide HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY������������������������������������������������ € 13.00/m2
Urban-Loritz-Platz, Neubaugasse and Museumsquartier, which was once pleasant recreation opportunities even though green areas are scarce in OWNER-OCCUPIED OTHER ��������������������������������������������������������������������� € 1 1.00/m2
home to the royal stables, and is now a magnet to the aficionados of cul- the district at only 2.3 percent of the total area. FIRST OCCUPANCY ���������������������������������������������� € 5,750/m2
ture. Painter Friedrich Ritter von Amerling was born in 1887 in what’s now OTHER �������������������������������������������������������������������� € 4,400/m2 INVESTMENT PROPERTY ������������������� € 1,950 to € 3.950/m2
In this district, 275 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 101 million.First Vienna Residential Market Report | 2019 32
1080
JOSEFSTADT
SMALL IS BEAUTIFUL
© teamneunzehn.at
T
HE SMALLEST DISTRICT in Vienna has very little space Piaristengasse has one of the few new construction projects; apart from
for free development, which is reflected in the prices for the that, structurally sound residential properties are being revitalised and Auerspergstraße 17 / EHL Immobilien
residential space available. Demand is still high with places to expanded to include high-quality loft extensions. ×
meet on Lange Gasse as well as greening activities improving the district.
HOUSING FACTS GOOD TO KNOW
25,662 RESIDENTS 2018 11,220 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
13,313 MAIN RESIDENCES 2017 307 DOCTORS*
Alser Straße
1.95 PERSONS/ HOUSEHOLD 2017
3 DOG ZONES
Laudon-
gasse
11 PLAYGROUNDS
MOVED IN + 6,551
MOVED OUT – 6,487
373 PARK BENCHES
U Josefstädter Straße MIGRATION BALANCE +64
Josefstädter Straße
Josef U Rathaus
städter
Straße
DEMOGRAPHIC FACTS
FOREIGN NATIONALS AGE PROFILE OF POPULATION
Lerchenfelder Straße VIENNA 29.6%
1,152 0–5 YEARS
HOTSPOTS JOSEFSTADT 30.7% +1.1% 1,457 6–14YEARS
3,811 15–24 YEARS
AVERAGE INCOME ** 15,335 25–64 YEARS
3,907 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 24,464 JOSEFSTADT
€ 23,365 VIENNA AGE 40.1 JAHRE
Postmaterialists take the lion’s share of the Sinus-Milieus in the Eighth
®
have graced the stage here. The Oskar-Werner-Hof building at
District, as they appreciate the ethnically diverse opportunities for eating Lenaugasse 19 was named after the latter. Emanuel Schikaneder, actor
out, wide range of cultural leisure activities, and the traffic-calming zone. and author of The Magic Flute, spent the last years of his life as a resident
Green areas only account for just under two percent in Josefstadt, but of the Eighth District until his death in 1812. Apart from cultural and his- * Total general practitioners, specialists and dentists
the seventy percent built-up area provides lots of small Viennese “Platzl” torical highlights that Josefstadt has to offer, the district is also known as HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY������������������������������������������������ € 13.00/m2
squares with an inviting variety of bars and restaurants to relax in. The a school district with the University of Vienna close by and easy to reach, OWNER-OCCUPIED OTHER ��������������������������������������������������������������������� € 1 1.30/m2
theatre house in Josefstadt was founded in 1788, and is Vienna’s oldest which is greatly appreciated by many students and families. FIRST OCCUPANCY �������������������������������������������������������� n/a**
theatre. Great poets and actors such as Johann Nestroy and Oskar Werner OTHER �������������������������������������������������������������������� € 4,500/m2 INVESTMENT PROPERTY ������������������ € 2,350 to € 4,100/m2
In this district, 222 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 126 million.First Vienna Residential Market Report | 2019 34
1090
ALSERGRUND
ACADEMIC MIX
© PicmyPlace
C
ULTURE, ART, EDUCATION, AND WATER provide a and Franz-Josefs-Bahnhof railway station. Close by the coveted Donau-
diverse mix that makes Alsergrund an attractive residential kanal and Servitenviertel hotspots, Berggasse currently has an exclusive Pfluggasse 9 / EHL Immobilien
area. The largest project development area in the Ninth luxury project in construction. The area around the old AKH hospital site
District is currently located between the former University of Economics still enjoys great popularity. ×
HOUSING FACTS GOOD TO KNOW
42,547 RESIDENTS 2018 30,180 M OF CYCLE PATHS
** Source: Statistics Austria, wage tax statistics for 2016, average annual net income for employees in total, in euros, valid as of December 2017
U Spittelau
23,065 MAIN RESIDENCES 2017 530 DOCTORS*
1.88 PERSONS/ HOUSEHOLD 2017
U Nussdorfer Straße 3 DOG ZONES
25 PLAYGROUNDS
MOVED IN + 8,236
Nussdorfer Straße MOVED OUT – 8,464
Franz-
Josefs- 503 PARK BENCHES
Bahnhof U Friedensbrücke MIGRATION BALANCE –228
Franz-Josefs-Bahnhof
U Währinger Straße Donau-
kanal
U Michelbeuern-AKH U Roßauer Lände DEMOGRAPHIC FACTS
Serviten-
viertel
Währinger Straße FOREIGN NATIONALS AGE PROFILE OF POPULATION
U Schottenring
VIENNA 29.6%
Old 2,174 0–5 YEARS
U Alser Straße
AKH ALSERGRUND 3.5% +2.9% 2,607 6–14YEARS
U Schottentor
HOTSPOTS 5,853 15–24 YEARS
Alser Straße
AVERAGE INCOME ** 25,525 25–64 YEARS
6,388 > 65 YEARS
SPECIAL FEATURES OF DISTRICT € 24,091 ALSERGRUND
€ 23,365 VIENNA AGE 39.6 JAHRE
New neighbourhoods north of Alserbachstraße and student residences physicist and Nobel prize winner Erwin Schrödinger, famous for
make the Ninth District a good place to live for many High Achievers, the Schrödinger’s cat thought experiment, lived at Pasteurgasse 4
while the Postmaterialist Sinus-Milieu® is attracted to the number of uni- for many years. The district is not short on recreational opportunities
versities in the area – the Medical University at Vienna General Hospital, either: at just over seven percent green space, invitingly cosy places * Total general practitioners, specialists and dentists
Institute of Journalism, and the main university campus at the former along Donaukanal are ideal for sports and relaxation. Culture aficionados HOUSING COSTS (PRICE/m 2) RENTED
FIRST OCCUPANCY������������������������������������������������ € 13.10/m2
Vienna General Hospital site. The wide range of educational institutions and will also find satisfaction in Alsergrund. Museums such as Palais Liechten- OWNER-OCCUPIED OTHER ��������������������������������������������������������������������� € 1 1.20/m2
corresponding local scene come with a range of attractions for students. stein and Sigmund-Freud-Museum, Volksoper opera house, WUK and the FIRST OCCUPANCY ���������������������������������������������� € 5,750/m2
The district has always been a home to the intelligentsia. As an example, Schauspielhaus theatre provide plenty of variety. OTHER �������������������������������������������������������������������� € 4,300/m2 INVESTMENT PROPERTY ������������������ € 2,100 to € 4,000/m2
In this district, 469 changes of ownership were registered in the land registry in 2018, with a total sales value of approx. 219 million.You can also read
