First vienna residential market report

2026 edition

editorial

Ideally, modern architecture should always take people into account. — Richard Meier

Dear Reader,

outlooks on the residential market in this fourteenth edition of the First Vienna Residential Market Report – a joint publication by BUWOG and EHL Immobilien. The residential market in Vienna is gaining momentum once again – 2026 will be a year of new opportunities for developers, construction companies, and everyone looking for a place to call home. Well-founded market analysis and a clear assessment of risks and opportunities have become more important than ever after the challenges of recent years. This is particularly true in an environment shaped by geopolitical uncertain- ties, a strained global economic outlook, changing living habits, and evolving requirements for residential property. This report aims to provide orientation, transparency, and a reliable basis for informed decision-making. Over the years, the First Vienna Residential Market Report has established itself as an authoritative point of reference, particularly in times of change and uncertainty. Our market expertise is based on continuous annual data collection and in-depth research, the findings of which flow directly into our projects and services, creating clear added value for our clients and business partners. Key questions are at the heart of this report: Will residential prices in Vienna rise again in 2026? Is now the right time to sell? And how is demand evolving across the individual districts? The report with its broad range of analyses and insights offers valuable guidance for home seekers with many new project launches in 2026 to look forward to, as well as urban planners, municipal authorities, academic institutions, and institutional investors alike. With renewed confidence and growing optimism, we look ahead to the new year. As always, we hope you enjoy reading this issue and wish you every success in 2026 on the Vienna residential market.

Vienna’s residential market has undergone significant change over the past few years. The economic slowdown during the crisis years has led to a noticeable decline in new construction activity across Austria. Today, however, the picture is beginning to brighten. Growing demand, more attractive financing conditions, and moderate con- struction costs in 2025 are opening up new opportunities especially for planning new projects while offering grounds for optimism in the creation of the additional housing that is so urgently needed. The market showed signs of stabilisation in 2025, but the year was still far from easy. Low completion figures increasingly made themselves felt, particularly in the light of the ongoing imbalance between (affordable) supply and demand. As a result, shortages became especially pronounced in the highly sought-after rental apartment segment. Parts of the industry were confronted with project suspensions, delays and, in some cases, insolven- cies. Construction activity in Vienna was therefore unable to keep pace with the growing demand for housing. The situation proved particularly challenging in the privately financed segment where pressures intensified further. All eyes are now on 2026. The mood within the industry has brightened significantly, and the first signs of a turnaround are on the horizon. While the year ahead will still require considerable effort and commitment from all market participants, demand is expected to continue rising, and a further decline in construction activity is not anticipated. Many companies have announced new project launches over the past year, an important initial step towards deliver- ing the housing urgently needed. At the same time, lower interest rates combined with sharply increasing rents are prompting more people to reconsider home ownership. This shift plays a key role in revitalising the property market in Vienna, generating momentum for both buyers and project developers.

We are delighted to once again present you with a compre- hensive overview of the latest developments, trends, and

Yours sincerely,

Mag. Daniel Riedl FRICS Director, Vonovia SE

Andreas Holler BSc Managing Director of BUWOG Group GmbH

KommR Mag. Michael Ehlmaier FRICS Managing Director of EHL Immobilien GmbH

Karina Schunker M.A. MRICS Managing Director of EHL Wohnen GmbH

contents

Vienna’s population Vienna’s population is constantly growing, which creates a need for new living space every year.

Vienna’s districts in detail All twenty-three Viennese districts and neighbourhoods have their own distinctive character.

Editorial

The districts of Vienna

References BUWOG & EHL

05 06 07

17 18

68 70 72 74 78 80

Table of contents BUWOG Group GmbH EHL Immobilien Gruppe

Living in Vienna 1010 Wien · Innere Stadt 1020 Wien · Leopoldstadt 1030 Wien · Landstraße 1040 Wien · Wieden 1050 Wien · Margareten 1060 Wien · Mariahilf 1070 Wien · Neubau 1080 Wien · Josefstadt 1090 Wien · Alsergrund 1100 Wien · Favoriten 1110 Wien · Simmering 1120 Wien · Meidling 1130 Wien · Hietzing 1140 Wien · Penzing 1150 Wien · Rudolfsheim-F. 1160 Wien · Ottakring 1170 Wien · Hernals 1180 Wien · Währing 1190 Wien · Döbling 1200 Wien · Brigittenau 1210 Wien · Floridsdorf 1220 Wien · Donaustadt 1230 Wien · Liesing

BUWOG / MY.TURN EHL / VIENNA TWENTYTWO BUWOG / drygalski EHL / Village im Dritten

20 22 24 26 28 30 32 34 36 42 44 46 48 50 52 54 56 58 60 62 64 66

Residential market

BUWOG / viéno EHL / Bella Vita

09 10 11

Ownership structure Demography Austria Demography Vienna Households in Austria Households in Vienna

Trend topic

12 13

Turning brownfield sites into living space

14 16

Sinus-Milieus ® On the go in Vienna

Living in the Greater Vienna region

82 83 84

Closing words Glossary Imprint

Turning brownfield sites into living space These areas are regarded as the most important spatial reserve for sustainable urban develop- ment, as they have already been developed once before and can be revitalised without having to use additional land.

Superb references BUWOG Group GmbH and EHL Wohnen GmbH will be presenting a selection of their most recent real estate projects.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

BUWOG Group GmbH

EHL Immobilien Gruppe

BUWOG Group GmbH has become an established leader amongst private full-service suppliers on the Austrian residential real estate market with 75 years of experience to look back on. Glücklich wohnen – happy living: BUWOG has always strived to create the best living experience for the company’s custom- ers by providing unique expertise in planning, construction, marketing, and management and administration of real estate properties. Our daily work relies on expertise in every aspect of construc- tion and living, know-how accumulated over years and still constantly growing into the future. Our business activities are based on three core areas: sustainable asset and property management for tenancy and inventory in our own and third-party portfolios; property sales (sales of individual units, properties, and portfolios); and property development. We cover the entire value chain in Austria’s residential property sector, always striving to meet our customers’ demanding requirements on quality. BUWOG Group GmbH possesses a high-quality property portfolio currently comprising around 36,800 units in Austria, BUWOG manages a total of almost 55,000 units in Austria. Living in happiness

We stand for real estate

EHL Wohnen GmbH is part of the EHL Immobilien Group and one of the leading estate agents in Greater Vienna, the Greater Vienna region, in Graz, and in Linz. Apart from arranging rented, occupier-owned and investment contracts as well as brokering land and houses, the company operates in property development consulting for developers with advice on planning and marketing for their projects. EHL Immobilien was founded in 1991, and is one of Austria‘s leading residential property service suppliers specialising in residential, commercial, and investment properties. Our range of services includes estate agent services, property valuation, asset and portfolio management, and market research and invest- ment consulting. EHL has received many awards. These include the IMMY quality award from the Vienna Chamber of Commerce that the company has received twelve times in a row. EHL has also

The company also has around 6,000 residential units currently under development. Many awards at national and international level reflect the achievements that BUWOG has made on the real estate market. This success especially reflects the outstanding accom- plishments of our 360 committed employees demonstrating their team competence, commitment, and professionalism every day. BUWOG Group GmbH has been a wholly owned subsidiary of Bochum-based Vonovia SE, Germany‘s leading housing company, since January 2019.

received fourteen Cäsar awards, and has been named Austria’s greatest real estate brand, again fourteen times in a row. In 2025, EHL arranged 1,680 residential unit deals (rental, property, investment) and 105,000

square metres of office, retail, and logistics floorspace, com- manding a total transaction volume

of 800 million euros. The annual volume from the fast-growing property valuation segment amounts to around 19.5 billion euros. The company’s exclusive partnership with the BNP Paribas Real Estate global service provider secures a global framework for the EHL Group with market know-how in twenty-three countries.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

Good architecture is never left to chance. It’s a conscious decision. — Christian Gaus

ownership structure

The Viennese property ownership structure differs significantly from the other eight federal states. Of all main residences totalling around 974,636, just over three-quarters or 76 percent are rental apartments. More than half of these rental properties at 55 percent are owned by the City of Vienna or non-profit construction associations, representing a central pillar of social housing supply in the federal capital.

At 14 percent, the share of owner-occupied apartments in Vienna is only slightly above the Austrian average – relatively low compared to the high share of rental apartments. On the other hand, single-family homes are the most common form of housing in Austria at 36 percent, but only make up around 5 percent of main residences in Vienna due to high density of urban development.

Housing stock 2025

Austria

Vienna

Absolute figures

4,158,500 1,505,377 486,545 1,788,155

974,636

Total apartments as main residence

51,656

Owner-occupied houses

139,373 739,749 203,212 203,212 333,326

Owner-occupied apartments

Rented

282,778 702,787 802,591 378,424

Social housing

Cooperative housing

Other rentals

43,859

Other

Source: Statistics Austria, deviations possible due to rounding differences

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

demographics of austria

demographics of vienna

Austria had a population of 9,216,459 in October 2025 – which current forecasts say will continue to grow, although considerably more slowly than before. The population is predicted to increase by only around 2.5% before growth will noticeably slow down and eventually stagnate in the following decades. A future is emerging with Austria continuing to grow, but more gently and with a higher proportion of older people in Austria. These trends are already shaping key social and economic sectors ranging from residential space requirements to the labour market and healthcare to social services infrastructure.

Reaching the two million mark in 2023, Vienna has become one of Europe’s five largest cities sooner than anticipated. Together with continuously increasing population numbers, this has led to a significantly increased need for additional living space in Austria’s federal capital.

Demographic outlook for Austria 2025 to 2080

Age profile of population as at January 1, 2025

Demographic outlook for Vienna 2025 to 2080

2,338,566

9,071,087

9,216,459

2,038,514

Population

> 65 years 16.5 %

> 65 years 20.22 %

19.20 %

10,000,000

0-19 years

0-19 years 19.4 %

Population

8,000,000

2,000,000

6,000,000

Ø Avg. age 43.6 years

Ø Avg. age 41.1 years

1,750,000

60.58 %

4,000,000

20-64 years 64.1 %

20-64 years

1,500,000

2,000,000

Year

1,250,000

2000 2010

2020

2030 2040 2050 2060

2070

1990

2000 2010

2020

2030 2040 2050 2060

2070

2025

2080

2025

2080

Forecast to 2080

→ Population growth is slowing down. → A population decline is expected from the 2040s onward. → Demographic aging is increasing. → The number of people in Austria below the age of 20 will decrease to 16.35%.

→ In 2080, approx. 2,338,566 people will be living in Vienna. → This corresponds to an increase by almost 11.7%. → Around 25.0% of the population will be 65 years or over. → The number of people in Vienna below the age of 20 will decrease to 16.0%.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

households in austria Single-family homes are still very popular as a form of housing in Austria, but there has been a clear shift towards smaller household structures for the past several years. An average of 2.17 people lived in each household in 2025. This trend seems set to continue; the number of private households will grow to 4.67 million by 2060 according to forecasts from Statistik Austria, 42.2 of which will be single-person households. These changes and pressing climate issues call for realignment in urban planning.

households in vienna

There were around 974,636 private households in Austria’s capital in 2025 with an average household size of just 2.04 people. The ongoing trend towards shrinking households especially affects Vienna, leading to a growing need for new living space to be covered by increased construction activity.

Private households in Austria Forecast for single and multiple-person households 2025 to 2060

Private households in Vienna Forecast for single and multiple-person households 2025 to 2060

Number of households

596,895

578,505

3,000,000

600,000

2,682,188

526,634

2,529,363

2,500,000

500,000

448,002

1,992,642

2,000,000

400,000

1,633,694

Single-person households

1,500,000

300,000

Multiple-person households

1,000,000

200,000

500,000

100,00

Year

2025

2060

2025

2060

Source: WKO Statistik

Forecast to 2060

Prognose to 2060

→ One-person households: up by almost 22.0% → Multi-person households: up by 6.0% → Private households: up by 12.3%

→ One-person households: up by 29.1% → Multi-person households: up by 13.3% → Private households: up by 20.6%

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

sinus-milieus ®

Who lives how?

Sinus-Milieus ® constitute a model that groups people according to their basic attitudes and lifestyles. Sinus-Milieu groups differ with regard to their consumer behaviour, lifestyle, and living environment.

traditional milieus

upper class

Upper Class/ Upper Middle Class

Conservative Established The old structurally conservative elite: classic ethics of responsibility and hard work as well as claims to exclusivity and status; optimistic attitude, high self-confidence, desire for order and balance Traditionals The older generation with a longing for law and order: anchored in the petty-bourgeois and traditional blue-collar culture; unpretentious adaptation to need

High Achievers The globally oriented modern elite with an optimistic view of future progress: efficiency, personal responsibility, and individual success take top priority; global economic and liberal thinking; economic rationality as the benchmark in every sphere of life; high technology and digital affinity Postmaterialists The cosmopolitan critics of society and zeitgeist: diverse culture-oriented, cosmopolitan interests but critical of globalisation; proponents of post-growth economy and sustainability, non-discriminatory conditions and diversity Cosmopolitan Individualists The avant-garde individualistic lifestyle: mentally and geo- graphically mobile, connected online and offline; in search of new frontiers and unconventional experiences, solutions and achievements; excellent self-expression skills

HIGH ACHIEVERS

COSMOPOLITAN INDIVIDUALISTS

CONSERVATIVE ESTABLISHED

POSTMATERIALISTS

Middle Middle Class

PROGRESSIVE REALISTS

ADAPTIVE PRAGMATISTS MIDDLE

central milieus

NOSTALGIC MIDDLE CLASSES

Nostalgic Middle Classes The system-critical erstwhile middle class: desire for stable conditions and appropriate status together with criticism of prevailing conditions; overwhelmed by, and apprehensive of, social decline, feeling of being left behind by the current political and media mainstream; longing for the „good old times“ Adaptive Pragmatists The flexible benefit-oriented mainstream: distinctive prag- matism as an approach to life, high degree of willingness to adapt and work hard; utilitarian philosophy, but also a desire for fun and entertainment; pronounced need for roots and belonging Progressive Realists The trendsetters: willingness to change, pronounced problem awareness of global challenges; synthesis of re- sponsibility and self-realisation, disruption and pragmatism, success and sustainability, party and protest

Lower Middle Class/ Lower Class

TRADITIONALS

HEDONISTS

CONSUMPTION ORIENTED

the modern lower class

BASIC ORIENTATION

Consumption Oriented The lower class striving for orientation and involvement: belonging and keeping up with the lifestyle and standard of living of the broad middle class, but hampered by accumu- lated social disadvantage and exclusion; feelings of being left behind, bitterness, and resentment Hedonists The (lower) middle class hungry for new experiences, living for the moment: fun in the here and now; balance between professional adaptation and leisure escapism; refusal to accept mainstream conventions, heavy identification with peer group

Traditional values

Modernisation

Reorientation

Source: INTEGRAL Markt und Meinungsforschungsges.m.b.H.

FIRST VIENNA RESIDENTIAL MARKET REPORT 20265

living in vienna

On the go in Vienna

The table below rounds up all the important information and facts on population numbers, income, and sales and rental prices in the individual districts of Vienna. Prices are quoted per square metre as agreed at the time the contract was concluded, rather than offer prices. Sa- les prices are quoted as purchase prices per square metre of net living area excluding parking spaces and utilities.

The following pages provide detailed information on key demographic data, statistical details, and information covering the peculiarities of the twenty-three districts of Vienna.

Vienna is connected by a network of roads totalling around 2,800 kilometres. Public transport users benefit from more than 500 km of routes in total covered by Vienna’s public transport system. The city’s well-developed cycling infrastructure has a total length of around 1,700 km with opportunities to explore the surrounding natural landscapes on cycle paths, cycle routes, and traffic-calmed areas.

Districts

RESIDENTS

INCOME*

SALE PRICES ON CONCLUSION

RENTS ON CONCLUSION

current route of U2 metro line, to become U5 metro line U5 line under construction U2 line under construction

Number

Annual income

First occupancy

Other

First occupancy

Other

21.

A22

1010 Wien · Innere Stadt 1020 Wien · Leopoldstadt 1030 Wien · Landstraße 1040 Wien · Wieden 1050 Wien · Margareten 1060 Wien · Mariahilf 1070 Wien · Neubau 1080 Wien · Josefstadt 1090 Wien · Alsergrund 1100 Wien · Favoriten 1110 Wien · Simmering 1120 Wien · Meidling 1130 Wien · Hietzing 1140 Wien · Penzing 1150 Wien · Rudolfsheim 1160 Wien · Ottakring 1170 Wien · Hernals 1180 Wien · Währing 1190 Wien · Döbling 1200 Wien · Brigittenau 1210 Wien · Floridsdorf 1220 Wien · Donaustadt 1230 Wien · Liesing

16,281 112,675 98,881 33,444 54,581 31,083 31,330 24,242 41,664 223,190 112,149 102,393 56,108 99,049 75,902 102,727 56,767 51,376 76,074 86,950 189,551 228,158 123,714

€ 43,606 € 30,480 € 32,950 € 33,526 € 27,970 € 31,738 € 33,787 € 33,157 € 32,805 € 25,673 € 27,249 € 27,207 € 37,977 € 31,946 € 25,423 € 27,190 € 28,809 € 34,564 € 35,238 € 25,435 € 29,191 € 32,060 € 32,428

€ 24.00 € 16.50 € 16.50 € 17.30 € 14.90 € 17.20 € 17.30 n/a** € 17.40 € 15.10 € 14.00 € 14.50 € 16.90 € 15.60 € 14.30 € 14.70 € 14.80 € 17.20 € 17.50 € 14.30 € 13.80 € 13.60 € 14.50

n/a** € 13.20 € 14.40 € 14.80 € 13.60 € 14.70 € 14.80 € 15.00 € 14.70 € 12.30 € 11.90 € 12.80 € 14.90 € 13.70 € 12.90 € 13.10 € 13.20 € 14.80 € 14.90 € 13.00 € 12.80 € 12.50 € 13.20

n/a** € 7,300 € 7,000 € 7,500 € 6,000 € 7,300 € 7,600 € 8,100 € 7,900 € 5,850 € 5,550 € 6,000 € 8,000 € 6,150 € 5,850 € 6,050 € 6,000 € 8,000 € 8,700 € 5,800 € 5,650 € 5,550 € 5,800

n/a** € 5,100 € 5,050 € 5,650 € 4,900 € 5,700 € 5,800 € 6,050 € 5,800 € 4,050 € 3,900 € 4,300 € 5,950 € 4,350 € 4,050 € 4,150 € 4,300 € 5,700 € 6,100 € 3,950 € 3,850 € 3,750 € 4,150

Leopoldau U

19.

Floridsdorf

Heiligenstadt

20.

22.

17.

18.

Spittelau

14.

Seestadt

16.

Elterleinplatz

6. 7. 8.

Ottakring

Stephansplatz

15.

Karlsplatz

Westbahnhof

Hütteldorf

13.

12.

Simmering

Wienerberg

11.

10.

23.

Oberlaa

A23

Siebenhirten

A21

* Source: Wage tax statistics for 2024, average annual net income for employees in total, in euros, valid as at December 2025 ** The sample observed was too small to deliver reliable and accurate information.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1010 vienna – innere stadt

Vienna’s historical heart

Wipplingerstraße 24-26 / EHL

Jordangasse 7a / EHL

Schottenring

Börseplatz 1 / EHL

Schottentor

Rathausplatz

Schwedenplatz

Herrengasse

Rathaus

Stephansplatz

Schulerstraße 1-3 / BUWOG

Stubentor

Volkstheater

Museumsquartier

Stephansdom

Stadtpark

Karlsplatz

Operngasse 6 / EHL

Graben

FACTS Demography

Rathausstraße 1 / BUWOG

Sinus-Milieus ®

Residents

16,281 8,433

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

Where tradition and future meet

1.96

Moved in Moved out

+ 2,129 - 2,333

Migration balance

- 204

There are good reasons for the central district being seen as the historical centre of Vienna. Vienna’s most uptown district is surprisingly forward-looking even amongst the magnificent palaces and historic alleyways. As the capital’s political and economic hub, Vienna’s First District combines administration, jobs, and sights in a very small space; more than 100,000 people work here. Bustling with people during the day and packed with revellers enjoying a night on the town, this is the only Viennese district with a declining population. This time-honoured district is still open to change, though. Squares such as Neuer Markt and Michaelerplatz have under- gone climate-resilient redevelopment in recent years, and pedes- trian areas such as those around the Alte Post, or former Austrian Postal Savings Bank building, have been expanded with improved quality of life as they benefit from greenery and traffic calming.

science communication centre with exhibitions, workshops, and a green forecourt by 2027. The site will benefit from new cycle paths and an automated access management system planned for the inner city with the aim of traffic calming. This is an ambitious goal, especially as the First District has the highest density of cars in Vienna. Vienna downtown is still at the high end of the market for residential accommodation with high prices, scarce supply, and great prestige. The First District also has the highest average living area per capita. Anyone aiming to live in downtown Vienna will not only need a decent budget but also patience with the somewhat limited number of residential units available. In general, the First District has very few new projects and develop- ments and the supply of existing residential units is limited. The only two new projects known to have completion dates in the next few years in the First District are the Sixth Sense Residences redevelopment project at Stubenring 2 and the listed Steindlhaus at Steindlgasse 4, which is to be refurtohed and expanded to a high standard as part of a property investor scheme.

Housing prices Owner-occupied First occupancy

Foreign nationals

n/a* n/a*

6.7 %

36.4 %

Vienna Innere Stadt

Other

3.06 %

> 65 years 26.1 %

6-14 years

31.4 %

0-5 years

10 %

Rented First occupancy

15-24 years

Average income (net)

€ 24.00 / m2

€ 30,005

Vienna Innere Stadt

Ø age 47.2 years

Other

n/a*

€ 43,606

Invest. propert € 6,000 to € 10,000 / m2

Average age

54.2 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7

Vienna Innere Stadt

47.2

Several measures have also been planned for the coming years: the Aula der Wissenschaften is to be converted into a modern

*The sample observed was too small to deliver reliable and accurate information

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1020 wien – leopoldstadt

Leopoldstadt in transition

SEVEN Lassallestraße 7 / EHL

Augarten

Praterstern

Schottenring

Josephine Stoffellagasse 7 / EHL

Stadion

Schwedenplatz

Donaumarina

Praterkai

MARINA TOWER Wehlistraße 291 / BUWOG

FACTS Demography LeopoldQuartier Obere Donaustraße 25 / EHL

Prater

Prater-Hauptallee

Josephine Stoffellagasse 7 / EHL

Sinus-Milieus ®

Residents

112,675

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

51,921

Between urbanity and nature

2.11

Moved in Moved out

+ 16,357 - 13,855 + 2,502

Migration balance

Leopoldstadt combines the best of both worlds: lively city life and relaxed natural surroundings. Located between Donaukanal and the Danube, the district benefits from a high quality of life, a variety of leisure opportunities, and a city atmosphere. Around sixty percent of the district’s total area consists of green spaces and waterways. At a total of 44 parks, the district functions as a true green oasis with an outstanding variety of recreational spaces close to nature. The Second District also benefits from a high cycle path density compared to Vienna’s other municipal districts. Over the past few years, Leopoldstadt has established itself as a trendy, diverse, and highly sought-after residential district amongst home seekers. Quarters such as Leopoldquartier and Grünblick in the Viertel Zwei quarter dominate the modern urban landscape, having breathed new life into the district. There is further ongoing development with around 200 new apartments to be developed in the Nordbahnviertel urban development zone on the brownfield site between the ÖBB railway route and Dresdner Straße.

The population of Vienna is expanding and Leopoldstadt has been seeing especially steep growth. It comes as no surprise that demand for living space has remained constant in the Second District, in contrast to the slight downturn in supply. Ongoing development projects include Leopoldquartier Living on Obere Donaustraße, Franz im Glück on Franzensbrückenstraße, and Josephine on Stoffellagasse. The Second District has also been a hive of activity for urbanisa- tion driven by a variety of future projects, such as an international long-distance bus terminal to be developed on Handelskai by 2028. The new Sport Arena Wien – the first of its kind in Austria – was officially opened in September 2025 with the aim of setting new standards as a multifunctional training and event location. Another project in the works includes further upgrades to the Donaukanal waterfront with chillout zones, a sun deck, and green pocket parks.

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 7,300 / m2 € 5,100 / m2

38.5 % 36.4 %

Vienna Innere Stadt

Other

4.69 %

> 65 years 14.6 %

9.4 %

0-5 years

6-14 years

Rented First occupancy

Average income (net)

€ 16.50 / m2 € 13.20 / m2

12.3 %

€ 30,480 € 30,005

Vienna Innere Stadt

15-24 years

Ø Alter 40.1

Other

Invest. property € 2,300 to € 5,100 / m2

Average age

58.9 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7

Vienna Innere Stadt

40.1

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1030 wien – landstraße

The many facets of Landstraße

Landstraßer Hauptstraße

Untere Weißger- berstraße 37 / EHL

Landstraße

Rochusgasse

Stadtpark

Kardinal-Nagl-Platz

Leonhardgasse 3-5 / BUWOG

Rennweg

Schlachthausgasse

Erdberg

St. Marx

Quartier Belvedere

Gasometer

Apostelhof Apostelgasse 25-27 / EHL

Village im Dritten Baufeld 13, 14A oder 14B / EHL

Gasometer

Village im Dritten Baufeld 13, 14A and 14B / EHL

HELIO Tower Döblerhofstraße 10 / BUWOG

FACTS Demography

Between tradition and future

Sinus-Milieus ®

Residents

98,881 50,401

upper class traditional milieus central milieus modern lower class

The Third District benefits from a harmonious interplay of historical architecture and innovative new building projects. Landstraße is the only central district whose area projects beyond the Vienna Beltway. The Third District is a dynamic quarter in transition and shares a lot of common features with neighbouring Leopoldstadt. Even if not much new living space is in development near the centre, the development situation largely features old building renovations, loft conversions, and a selection of new builds along Rennweg, Schlachthausgasse, and around Landstraßer Hauptstraße, for instance. Landstraße has heavy demand for living space, especially amongst young target groups. This is explained by high urban diversity, excellent transport links – U3 metro, suburban railway services, motorway, airport – and a surprisingly high proportion of green space such as the botanical gardens and Belvedere palace gardens. The Third District’s Village urban development zone on the Landstraße section of the Vienna Beltway has given the situation fresh momentum. This development involves a new neigh- bourhood with apartments such as the Park Flats project on Ljuba-Welitsch-Promenade as well as offices, local amenities, and

leisure facilities on a former railway site for the added benefit of the surrounding area. Additional development sites are also already in planning. The Arsenal local development plan is another project for the future. The currently enclosed area is to be opened up and integrated with loft conversions while also attracting educational, research, and cultural institutions such as the Vienna University of Technology and Academy of Fine Arts. The project aims towards developing a vibrant “Science City” combining innovation and urban quality. The district develop- ment concept for the An und unter der Tangente area at and below the bypass includes the climate-friendly reactivation and transformation of unused spaces. This involves enhancing public space with more greenery, liveability, and new mobility develop- ments. Extending tramline 18 from the Schlachthausgasse U3 metro station to the Stadion U2 metro station is among the highlights of the coming years. From autumn 2026, the line will be connecting the Second and Third Districts directly via the Prater with seven new stops, 2.1 kilometres of cycle paths, green tracks, around 200 trees, and traffic-calmed areas.

Main residences Persons/household

1.95

Moved in Moved out

+ 13,167 - 12,751

Migration balance

+ 416

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 7,000 / m2 € 5,050 / m2

38.4 % 36.4 %

Vienna Innere Stadt

Other

4.18 %

> 65 years 16.3 %

8 %

0-5 years

6-14 years

Rented First occupancy

Average income (net)

11.4 %

€ 16.50 / m2 € 14.40 / m2

15-24 years

€ 30,005

Vienna Innere Stadt

Ø Alter 41.3 years

Other

€ 32,950

Invest, property € 2,000 to € 5,600 / m2

Average age

60.2 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7

Vienna Innere Stadt

41.3

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1040 wien – wieden

Central, creative & charming

TU Karlsplatz

Wiedner Hauptstraße

Karlsplatz

Schwarzenbergplatz

The Core Petzvalgasse 4 / EHL

Taubstummengasse

Leibenfrost- gasse 8 / EHL

Schelleingasse 4 / EHL

Südtiroler Platz

Wiedner Gürtel 62 / BUWOG

FACTS Demography

Hauptbahnhof

Sinus-Milieus ®

Karlskirche

Wiedner Gürtel 62 / BUWOG

Residents

33,444 16,476

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

2.01

Moved in Moved out

+ 5,662 - 5,387

A blend of conservative and hip

Migration balance

+ 275

Housing prices Owner-occupied First occupancy

Wieden combines solid middle-class flair with urbane vibrancy. Historical buildings – many of which were built before 1919 – and good infrastructure combined with diverse cafés and restaurants make the district an attractive location for living and working. The Fourth District is one of Vienna‘s more sought-after residen- tial areas, especially around Karlsplatz, Schwarzenbergplatz, and lower Wiedner Hauptstraße. Student life plays a major role in the area around the University of Technology; especially the bustling Freihausviertel quarter with its many restaurants attracts a broad target group. New construction activity in this district is very low despite its attractive location between downtown and the Hauptbahnhof main railway station. No other major new construction projects are currently planned apart from the Funkhaus, or broadcast-

ing centre, expansion on Argentinierstraße with new apartment development. Construction projects most recently completed in- clude Petzvalgasse, Wiedner Hauptstraße, and Mommsengasse. Urban development in the district is also in progress. The Argentinierstraße and Wiedner Hauptstraße redesign project has already been successfully concluded. More minor measures in the future will also contribute to upgrading, for instance on Mühlgasse, which could be transformed into a green, traffic- calmed pedestrian zone in the section between Pressgasse and Schikanedergasse. Schäffergasse is planned for an upgrade to its attractiveness with new trees and seating. In front of Vienna University of Technology, Karlsgarten has further development potential. The previous lease’s expiry creates an opportunity to redesign Karlsgarten and establish it permanently as a publicly accessible recreational space.

Foreign nationals

€ 7,500 / m2 € 5,650 / m2

36.4 %

Vienna Innere Stadt

Other

3.79 %

> 65 years 17.9 %

7.6 %

37.1 %

0-5 years

6-14 years

Rented First occupancy

Average income (net)

10.8 %

€ 17.30 / m2 € 14.80 / m2

15-24 years

€ 30,005

Vienna Innere Stadt

Ø Alter 42.5 years

Other

€ 33,526

Invest. property € 3,300 to € 5,600 / m2

Average age

59.9 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

42.5 41.7

Vienna Innere Stadt

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1050 wien – margareten

Margareten is evolving

Kettenbrückengasse 23 / BUWOG

Kettenbrückengasse

Pilgramgasse 15 / EHL

Pilgramgasse

Margaretenstraße 131-135 / EHL

Margaretengürtel

Schlossquadrat

Matzleinsdorfer Platz

Schwarzhorngasse 13 / EHL

FACTS Demography

Siebenbrunnen- platz

Pilgramgasse 15 / EHL

Bruno-Kreisky-Park

Sinus-Milieus ®

Residents

54,581 28,398

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

1.91

Versatility and urbanity – a district in transition

Moved in Moved out

+ 8,574 - 8,398

Migration balance

+ 176

Housing prices Owner-occupied First occupancy

Margareten is often seen as the last classic working-class dis- trict in central Vienna. The district is one of the most densely populated and heavily built-up in Vienna, and has the highest population density with only four percent green space. However, the district has undergone an impressive amount of progress in the past few years. The metro network in particular has been a major driver with the new U2 connection: the Pilgram- gasse, Reinprechtsdorfer Straße, and Matzleinsdorfer Platz stations have greatly improved accessibility in an upgrade to the district’s infrastructure. These improvements have also led to an increase in the number of artists and creatives moving into the district more recently. The Reinprechtsdorfer Straße redesign project was a major milestone in restructuring the district’s public space. Additional measures towards climate adaptation and quality of life will follow: Barbara-Prammer-Park, an area of around 1,500 square metres

adjacent to the Kettenbrückengasse metro station, was reopened with the aim of keeping out the heat out and letting nature in.

Foreign nationals

One of the district’s largest urban development projects is the upcoming traditional Viennese grätzel neighbourhood redevel- opment on Margaretenplatz. The aim is to make public spaces climate-resilient, pedestrian-friendly, and future-oriented. The Friederike-Mayröcker-Hof project has already been implemented as a landmark of Viennese housing in the heart of Margareten – an eight-storey ultra-low-energy building with 15 affordable high- quality apartments and new shared spaces for young families on previously unused space. Despite these improvements, dense development has kept the supply of freehold properties limited. The most recent projects to be completed were on Wiedner Hauptstraße, Spengergasse, and Schön- brunner Straße. Even so, increasing demand will still meet scarce supply without any major project developments currently planned.

€ 6,000 / m2 € 4,900 / m2

36.4 %

Vienna Innere Stadt

Other

3.85 %

> 65 years 15 %

7,4 %

43.5 %

0-5 years

6-14 years

Rented First occupancy

Average income (net)

11.9 %

€ 14.90 / m2 € 13.60 / m2

15-24 years

€ 30,005

Vienna Innere Stadt

Ø Alter 40.6 years

Other

€ 27,970

Invest. property € 1,800 to € 4,800 / m2

Average age

61,8 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7

Vienna Innere Stadt

40.6

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1060 wien – mariahilf

Between trendy vibes and old-world charm

RAY, Gumpendorfer Straße 60 / EHL

Mariahilfer Straße

Museumsquartier

Getreidemarkt

Neubaugasse

Esterházygasse 28 / EHL

Kettenbrückengasse

Zieglergasse

Westbahnhof

Pilgramgasse

Hay Joe Haydngasse 17 / EHL

Gumpendorfer Straße

Margaretengürtel

FACTS Demography

Hay Joe Haydngasse 17 / EHL

Mariahilfer Straße

Sinus-Milieus ®

Attractive residential location amidst cultural diversity

Residents

31,083

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

16,110

1.94

Moved in Moved out

+ 5,182 - 5,426

Migration balance

- 244

Mariahilf comes as a real hub of diversity nestling between the traditional Naschmarkt in the south and vibrant Mariahilfer Straße, Austria‘s most famous shopping boulevard, in the north. Vienna’s Sixth District benefits from a vibrant mix of hip cafés, trendy bakeries, small bistros, and selected wine dealerships, creating a perfect mix of quality of life and vibrant ambience. Mariahilf is one of the most desirable locations in the city – small in area, large in diversity. The district breathes urban lifestyle with a touch of bohemian. The Sixth District also profits from an excellent central location and outstanding public transport links, all set amidst an impressive stock of charming old buildings. Current and planned urban development projects place a clear emphasis on greenery and liveability. Linke Wienzeile has already been upgraded with numerous new trees, and the Spalowsky- gasse school centre and Mittelgasse have undergone extensive redesign. The Naschmarkt car park reconstruction and new parks at Kettenbrückengasse also contribute to the district’s climate- resilient transformation. The Gumpendorfer Straße redesign is

a key project with more green space, recreation zones, and new utility infrastructure by 2028.

Housing prices Owner-occupied First occupancy

The excellent public transport services in Mariahilf are especially worth emphasising. Mariahilf is already highly integrated into the public transport network with four underground lines as of now as well as an upcoming expansion project with the new U2/U5 in planning for additional connections. Despite its urban density, the district has relatively scarce cycle path infrastructure. Demand for housing is high, supply is limited. New projects mainly take the form of gap infill, renovation of old buildings, and loft conversions mainly in the central and western part of the district; projects include Sophisticated on Bürgerspitalgasse and EST22 on Esterházygasse. Prices reflect the scarce supply of new apartments in this attractive location. The new municipal housing complex at Stumpergasse 56 also goes some way towards satisfy- ing the urgent need for affordable housing, and includes assisted living for senior citizens.

Foreign nationals

€ 7,300 / m2 € 5,700 / m2

36.4 %

Vienna Innere Stadt

Other

6.3 %

3.22 %

> 65 years 17 %

6-14 years 0-5 years

35.2 %

11.5 %

Rented First occupancy

15-24 years

Average income (net)

€ 17.20 / m2 € 14.70 / m2

€ 30,005

Vienna Innere Stadt

Ø Alter 42.3 years

Other

€ 31,738

Invest. property € 2,800 to € 6,000 / m2

Average age

62 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7

Vienna Innere Stadt

42.3

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

1070 wien – neubau

Tradition & zeitgeist

Neubaugasse

Thaliastraße

RUBAN Kaiserstraße 52 / EHL

Volkstheater

Museums- Quartier

Burggasse-Stadthalle

Neubaugasse

Zieglergasse

Westbahnhof

Lindengasse 25 / EHL

Schottenfeldgasse 20 / BUWOG

Museumsquartier

RUBAN Kaiserstraße 52 / EHL

It‘s 7 Zollergasse 7 / EHL

FACTS Demography

Lindengasse 60 / BUWOG

Where Biedermeier and boho lifestyle meet

Sinus-Milieus ®

Residents

31,330 16,946

upper class traditional milieus central milieus modern lower class

The Seventh District is a vibrant microcosm of art, culture, and cuisine. Designer shops, galleries, trendy eateries, and bars dominate the streetscape, turning the district into a hotspot for creatives, epicures, and anyone who appreciates city life. Architecturally, Neubau benefits from magnificent Gründerzeit buildings and attractive Biedermeier architecture – a charming contrast to the modern, cosmopolitan world. Neubau borders on the bustling Mariahilfer Straße in the north and, like all inner-city districts, is one of Vienna‘s densely populated areas. The proportion of green space is limited, but there are small well-kept parks such as Siebensternpark and Gutenbergpark for recreational opportunities in developed areas. The district has a high proportion of residents from other federal states in Austria at more than 25 percent, more than anywhere else in Vienna. Neubau is one of Vienna‘s most dynamic and sought-after districts thanks to its lively local scene and creative atmosphere. The tight demand on the residential market reflects this. Even with the slight recent upturn in construction activity, new homes are still in short supply largely due to high demand and limited space. Development activity mainly focuses on renovations, loft conver- sions, and smaller gap infilling projects. Examples include projects such as Ruban on Kaiserstraße, La Bohème on Halbgasse, and ZIE4 on Zieglergasse. There have also been two major urban develop-

ment projects recently – the first is the new city quarter on the for- mer Sophienspital site, which is nearing completion. This will house around 180 subsidised apartments as well as retail, educational, cultural, and leisure areas. The second will be the largest freehold project in the district to date with more than 200 new apartments to be developed on the site of Leiner, a former furniture shop, on Mariahilfer Straße. Neubau may not have extensive parks, but there are continuous greening and redesign plans so as to improve quality of life. One of these entails a new section of the Kühle Zone Neubau project on Seidengasse from autumn 2025, which includes an expansion of green space from the current 32 to 287 square metres. Cyclists will also benefit from the safe connection recently laid along the district as part of the Vienna cycle path initiative. This has resulted in a safe two-way cycle path along the inside of the Neubau part of the Vienna Beltway. Finally, the district has features that will especially be useful to families – children with and without disabilities benefit from sheltered playrooms in the midst of the city environment with free indoor playrooms such as Kichererbse and Pusteblume funded by the district as well as the Spielothek play centre financed by donations.

Main residences Persons/household

1.86

Moved in Moved out

+ 4,384 - 4,593

Migration balance

- 209

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 7,600 / m2 € 5,800 / m2

36.4 %

Vienna Innere Stadt

Other

3.37 %

> 65 years 16.4 %

6.6 %

33.4 %

0-5 years

6-14 years

Rented First occupancy

10.9 %

Average income (net)

15-24 years

€ 17.30 / m2 € 14.80 / m2

€ 30,005

Vienna Innere Stadt

Ø Alter 41.7 years

Other

€ 33,787

Invest. property € 3,700 to € 6,200 / m2

Average age

62.8 %

25-64 years

The calculations are based on data from the 2025 EHL Apartment Building Report.

41.7 41.7

Vienna Innere Stadt

FIRST VIENNA RESIDENTIAL MARKET REPORT 2026

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