EDITORIAL DEAR READER,
the future, and where do we start in tackling the land shortages and rising construction costs? These are just some of the questions facing us; additional factors that need to be considered include sustainability, digitisation, and cross-generational living. Building residential high-rises is one possible option, but it will not solve all of the city’s residential issues. We will explore this topic in more detail on pages 13 and 14 of this publication.
we are proud to present the First Vienna Residential Market Report, the eighth edition of our joint publication.
THE RESIDENTIAL MARKET in Vienna is markedly different from that of many other cities, which is partly due to the numerous hous- ing subsidy programmes and therefore also largely affordable housing. VIENNA IS ALSO a step ahead in terms of living quality, earning it the title of world’s most liveable city for the tenth year in a row according to the Mercer Study. The British Economist ranking confirmed this in 2019 as well as in 2018. THE AUSTRIAN CAPITAL FACES a series of challenges in the resi- dential market despite, or even because of, the city’s great popularity. For example, the population has been growing more slowly than in previous years, but this growth has been continuous and is set to rise to around two million by the year 2027. WE AT BUWOG AND EHL IMMOBILIEN deal with the opportunities, risks and trends that impact the Viennese residential market on a daily basis: what needs and requirements will dominate residential space in
“We deal with the opportunities, risks and trends that impact the Viennese residential market on a daily basis.”
OUR MAIN AIM at BUWOG as Vienna’s largest private housing asso- ciation and EHL Immobilien as a leading real-estate service company is to share our experience and expertise in this report. We have written it to provide a more in-depth, comprehensive view of the developments, prospects, and peculiarities of the Viennese residential market while of- fering help in finding accommodation.
WE WISH YOU an enjoyable browse through the First Vienna Residen- tial Market Report for 2020. ×
YOURS SINCERELY
Andreas Holler, BSc Managing Director, BUWOG Group GmbH
Mag. Michael Ehlmaier FRICS Managing partner, EHL Immobilien GmbH
Mag. Daniel Riedl FRICS Member of the Management Board, Vonovia SE
DI Sandra Bauernfeind FRICS Managing partner, EHL Wohnen GmbH
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