First Vienna Residential Market Report 2023

Green oasis

Hermesvilla

Villa Nobilis, Hietzinger Hauptstraße 41 / EHL

Elegant residential area in the west of Vienna

Vienna’s Thirteenth District is a highly attractive residential area – and not only for families – with its extensive greenery and recreational spots such as the Lainzer Tiergarten wildlife preserve. Green space takes up more than seventy percent of the entire area of Hietzing, more than of any other district in Vienna. Unlike the neighbouring districts, Hietzing has tree-lined avenues and front gardens rather than house fronts looking onto the streets. Along with the many benefits of this idyllically green district comes the drawback that there are only a few plots of land available for new developments to meet the heavy demand for real estate. The housing supply cannot keep up with the popularity of the district as there are only a few small and exclusive new construction and renovation projects here; these include the Villa Nobilis project on Hietzinger Hauptstraße, Floriette on Jagd- schlossgasse, BeLeaf on Erzbischofgasse, Villa Schönbrunn on Volkgasse, and Bellavista near the cemetery of Ober St. Veit. Das Noah at Preyergasse 4-6 is an exception in project size at

around seventy apartments – rather a meagre amount of construction activity overall considering Hietzing’s area and attractiveness as a residential location. The Thirteenth District has a few more highlights in store in addition to its idyllic green areas and historic buildings such as Schloss Schönbrunn palace as well as the Klimt and Hermes villas. Lainzer Straße in Alt-Hietzing has become an insider tip for fashionable concept stores and trendy cafés, for example. The planned redesign of the railway connecting Hütteldorf to Meidling is set to give the district a new source of inspiration. The additional stops planned at Hietzinger Hauptstraße and Stranzenbergbrücke will significantly improve public transport links, creating added value. The low supply and numerous amenities have turned the district into one of Vienna’s most expensive residential areas with its imperial flair from times gone by.

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