First vienna residential market report

1070 wien – neubau

31

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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