First Vienna Residential Market Report 2023

Trend meets tradition

Geymüllerschlössel

Park Suites, Hockegasse 49 / EHL

Where city market atmosphere meets elegant lifestyle

Währing is one of the most sought-after residential areas in Vienna. The reasons are obvious: the Eighteenth District is rich in local recreation spaces with twenty-seven percent of the district dedicated to parks ideal for a long relaxing stroll, e.g. the extensive Türkenschanzpark, the cool Währinger Park, and the romantic Pötzleinsdorfer Schlosspark. The district also has a distinctly family-friendly ambience with its multitude of quality educational institutions, the extremely popular Kutschkermarkt weekly farm- ers’ market, and convenient transport links to downtown. Public spaces have also seen an upgrade in recent years. Währinger Straße, Johann-Nepomuk-Vogl-Platz, and Gersthofer Platz have been redesigned and greened. The best-known market in Währing is also set for expansion and greening with new trees in the coming years. Kutschkermarkt is planned to reach Staudgasse as early as in autumn 2023. Further development on the former Semmelweis- klinik hospital grounds will also make for an exciting project in the future. A new zoning and development plan has secured the future use of the historic park with its large share of green space.

style houses and closed construction dominating whereas ave- nues and green streets with many single-family houses as well as small and large villas are the main architectural staple in the northern and western part of Währing. Even so, anyone expecting prices to decrease closer to the Vienna Beltway will be in for a disappointment. The area around Kutschkermarkt including Kreuzgassenviertel and the area be- tween Gentzgasse and Aumannplatz host a colourful blend of bars and boutiques – a real ”Bobo“ paradise. Home seekers will find a qualitatively excellent but quantita- tively rather sparse range of opportunities here. Währing is the smallest district outside the Vienna Beltway and has little in the way of new construction activity. The villas in the Cottageviertel, or ”cottage quarter“, only rarely come onto the market; most of the development here consists of apartment building renovations and loft conversions wherever there is a garret to convert. Exam- ples of smaller renovation and expansion projects can be seen at Gentzgasse 144, Semperstraße 47, and Bischof-Faber-Platz 9. Larger housing projects such as the exclusive Park Suites at Hockegasse 49 are more of a seldom occurrence in Währing.

The district has a very diverse aesthetic; the area close to the centre of the district near the Vienna Beltway has Wilhelminian-

Powered by