First Vienna Residential Market Report 2023

Youthful lifestyle

RAY, Gumpendorfer Straße 60 / EHL

Raimundhof

Attractive residential location in the mecca of urban diversity

Nestled between the Naschmarkt to the south and Austria’s best-known shopping street, Mariahilfer Straße, to the north, the district of Mariahilf is considered a mecca of urban diver- sity. The district is home to all kinds of bistros, coffee bars, and trendy bakeries with French pastries and fresh sourdough bread all vying for customers. Mariahilf is an attractive part of the city featuring excellent historic buildings. There may be relatively little in the way of parks, but the district makes up for it with its pretty little alleys and passage- ways. One example is Otto-Bauer-Gasse, an ideal place to stop and meet, having undergone a redesign and facelift. Apart from the excellent infrastructure with its unique public transport con- nections featuring four metro lines in the district, the Mariahilfer Straße redesign has created a spacious venue to stop and meet,

the traffic calming built for the purpose greatly adding to living quality in the district. The Pilgramgasse metro station extension to the U2-U5 junction still under construction is also set to boost the area’s attractiveness around Wienzeile. The Sixth District is densely built up, but there are still a few high-quality new construction projects despite the predominant perimeter block development style from the Wilhelminian era. The currently low level of construction activity in Mariahilf is mostly limited to individual vacant lots, renovation projects, and loft conversions. The scarcity of new apartments and attractive locations is reflected in housing prices with high-quality devel- opment in current projects such as HAY JOE on Haydngasse and RAY on Gumpendorfer Straße.

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