First Vienna Residential Market Report 2023

Elegant exclusivity

Sisi-Kapelle

INSIDE XIX / BUWOG

Village charm, glorious villas, and Viennese wine

The Nineteenth District is amongst the most exclusive addresses in Vienna. Located on the edge of the Vienna Woods, Döbling is synonymous with beautiful excursion destinations such as the Kahlenberg, Leopoldsberg and Nussberg hills, providing inspiration for residents and visitors alike with its abundance of natural space and breathtaking views over the city. The tradi- tional wine-tavern suburbs of Neustift, Sievering, Grinzing, and Nussdorf radiate rural charm. They offer an opportunity to try out Viennese wines, some of which are really excellent, and are also extremely popular as residential areas. This also explains the busy building activity and heavy competition for empty lots in these parts of the district. It costs a pretty penny to live in the Nineteenth District, for the most part. This especially applies to the villa areas in Sievering and Oberdöbling as well as the various wine-tavern suburbs. Residen- tial prices per square metre are also constantly increasing in the more urban parts of the district such as those near the major traffic axes at Döblinger Hauptstraße, Krottenbachstraße, and Billrothstraße.

conversions to conversions and expansions to wine taverns such as Zur Schönen Agnes on Sieveringer Straße, to smaller new construction projects such as The Unique at Krottenbach- straße 162/Hackenbergweg 43. Large new buildings tend to be the exception; these include the Inside XIX project on Gatterburggasse completed at the end of 2022, and The Shore directly on the waterfront at Kuchelauer Hafen. Things are a little less exclusive in Heiligenstadt with social and association housing complexes dominating this part of the district. The most famous social housing tenement is probably Karl-Marx-Hof, which opened in 1930 as the world’s longest contiguous residential building at 1,050 metres in length, a symbol of social housing in Vienna. But there is also a lot happening around Heiligenstadt. Examples include a new urban, climate-friendly and mixed-use city quarter under con- struction around Muthgasse. However, the plans encompass upgrading and revitalising the area especially in quality of living space and open spaces, public space design, and environmental integration – not just developing modern residential and office buildings.

Most of the construction activity across the entire district consists of smaller exclusive development projects. These range from loft

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