First Vienna Residential Market Report 2023

Diverse and green

Bahnhof Hernals

Zwerngasse 49 / EHL

Multicultural living and an upswing from expansion

Huge local recreation areas and a new metro line are probably the first things that come to mind regarding Hernals. The U5 metro line will only start running directly between the Seven- teenth District and downtown in a few years’ time, but residents can already use the extensive green areas that Hernals has to offer. As an example, Schwarzenbergpark has eighty hectares of spacious avenues bordering directly on the Vienna Woods. Half an hour’s walk from there will take you to Schloss Neuwaldegg palace and its magnificent listed gardens, which are amongst Austria’s most outstanding landscape gardening monuments. Like Ottakring next door, Hernals has its own internal diver- sity. On the one hand, the urban part of the district closer to downtown between Hernalser Hauptstraße and Elterleinplatz is especially popular amongst younger people. The U5 metro line currently under construction is the main reason for the upswing, especially in the real estate sector. Future enhancements to Hernal’s public transport connections especially appeal to prop- erty developers and residential buyers, and play a significant role in driving real estate prices in this part of the district.

On the other hand, Hernals has a dignified, genteel atmosphere about it from Alszeile outwards. This is where the northwestern part of the Seventeenth District borders on the green Vienna Woods with their hiking trails, picnic areas, and city views. The Dornbach and Neuwaldegg quarters radiate a village atmo- sphere, and are amongst the city’s most upmarket locations with their villas and exclusive new buildings. The housing market reflects the district’s diversity. The closer to the Vienna Beltway from the west, the more social housing and Wilhelminian style dominate the picture. Hernals is extremely attractive for real estate developers and building contractors due to the district’s vacant lots and existing buildings with potential for renovation and redevelopment. New projects can currently be found at the foot of Schafsberg hill as well as on Alszeile and Sandleitengasse. An expansion project at the former Mannervilla on Klampfelberggasse is also currently in planning. There are also plans to modernise the Postsportverein area, providing more space for new housing in the future.

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