First Vienna Residential Market Report 2023

Excellent connection

HALLER / BUWOG

Herderpark

Rural-urban residential area meets industry

Simmering was long known as Vienna’s traditional working- class industrial district where social housing used to dominate. This has changed in recent years with many private proper- ty developers specialising in freehold residential property development discovering Simmering, leading to an increase in extensive new-build construction activity due to the excellent existing and growing infrastructure, and plentiful supply of free space indicating the district’s potential. Current development hotspots are located in the Erdberg area, along Simmeringer Hauptstraße, and in Kaiserebersdorf. This is reflected in ongoing projects such as HALLER on Hallergasse, Kaisergarten on Sellingergasse, Am Kanal 111-113, and at Rudolf-Simon-Gasse 3-5. Average residential prices in Simmering are still well below the average for Vienna as a whole, which does not always correspond to the objective qualities of the location. The district has also been gaining a reputation for urban development with a modern new quarter in development on the gasometer grounds to the west and south. The idea behind Bricolage City – the name of the new development – is to op-

timise living and working together for residents. Parts of the area are intended for corporate headquarters and office buildings, but there are also modern residential high-rises and classic residential complexes under development. Apart from structural development, the plans especially focus on further development and improvement in public spaces for the area to meet require- ments for future use. The Zentralpark, or central park, will form the centrepiece and improve the area’s living quality in general with a new green zone in the district. The Eleventh District‘s rural character is especially visible on the southern outskirts towards Lower Austria, but changes rapidly further north towards downtown Vienna. Despite its location and periphery, Simmering is perfectly connected to the city centre due to the many major transport connections across the district. Another benefit is the district’s proximity to Schwechat Airport – both Schwechat and Wien Mitte can be reached in a very short time from the regional railway stations in the district, which makes the Eleventh District a popular residential area for commuters and frequent flyers.

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