FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
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TRENDING TOPIC
RESIDENTIAL HIGH-RISES
THEY ARE NOW PRESENT IN MANY PARTS of Vienna: high- rise buildings soaring above the roofs of the city. Floridsdorf, Donaustadt, parts of Favoriten – the Austrian capital’s skyline would be hard to imagine without the DC Tower, Millennium Tower, or Twin Tower. High-rise build- ings may have been used only as office towers for a long time, but the city of Vienna and residential property developers have realised that this form of architecture provides a host of benefits. VIENNA IS SET TO BREAK the two-million population threshold in 2027 as housing and areas for development become increasingly scarce. This meant that it was high time for developers to take a closer look at residential high-rises and start building upwards, causing population den- sification. “High-rise buildings may have been used only as office towers for a long time, but the city of Vienna and residential property developers have realised that this form of architecture provides a host of benefits.” PROJECTS SUCH AS THE "MARINA TOWER", "TRIIIPLE", and "The Marks" are currently under construction, showcasing Vienna’s future hu- man habitat. From subsidised rent to exclusive properties, Vienna caters to a wide demographic in residential high-rises under development. This generates new prospects for future residents with the panoramic views many of these high-rises have over the city creating an entirely new living atmosphere.
THE UPPER FLOORS in these residential high-rises in particular set the apartments apart from the urban bustle while also creating a sensation of being in the midst of it. Residential high-rises also provide that feeling of anonymity contrasting with the sensation of being part of a greater whole. The many common areas in the buildings contribute to that. Apart from classical children’s playrooms, projects with several hundred resi- dential units that are so typical of residential high-rises also include shared kitchens, lobbies, and shared terraces.
“The upper floors in these residential high-rises set the apartments apart from the urban bustle while also creating a sensation of being in the midst of it.”
RESIDENTIAL HIGH-RISES also benefit from convenient infra- structure: residents find everything they could possibly need from local suppliers and other everyday services to pharmacies, day-care centres, and schools to local pubs and restaurants right next door. These areas generally have good transport links: all of Vienna’s (future) residential high-rises have a metro station nearby, such as the U3 from "The Marks" or U2 from "Marina Tower", and are never far from a motorway ensuring fast and easy access for motorists. THE CHARM OF A TOWNHOUSE FLAT in the heart of Vienna cannot compare with that of a residential tower, of course. Even so, the "upward" trend is unstoppable, and will soon be regarded as the state- of-the-art way of living. ×
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