FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
28
RUSTIC CHARM 1050 MARGARETEN T HE ONGOING EXTENSION to the metro network has al- ready initiated an increase in prices around Matzleinsdorfer Platz. The area also benefits from modern high-rise buildings between the Hauptbahnhof main railway station and the Fifth District
as well as the major companies setting up shop there. Margareten has undergone substantial upgrading in the last few years, and is catching up with the Sixth District. Naschmarkt and Margaretenplatz are amongst the hotspots of the district. ×
Nasch- markt
U Kettenbrückengasse
U Pilgramgasse
Margare- tenplatz
U Margaretengürtel
Wiedner Hauptstraße
Reinprechtsdorfer Straße
Matzleinsdorfer Platz
HOTSPOTS
SPECIAL FEATURES OF DISTRICT Margareten used to be known as a working-class district, but has since developed into a hip area with plenty of start-ups. Even so, the Fifth Dis- trict has lost none of its rustic charm: publicly accessible inner courtyards in some of the older buildings – often hidden away and only familiar to those who know the district – such as Schlossquadrat, provide not only a host of cafés and restaurants but also welcome shade from the sun in the hot summer months in the city. The Fifth District, or “the Fifth” to the locals, is home to the alternative arts scene, so it comes as no surprise
that Falco wrote Der Kommissar, his major international chart hit, here at Ziegelofengasse 37. Even now, the district is especially attractive to the Escapists Sinus-Mileu ® , who also appreciates the low cost of housing close to the Vienna Beltway. Nearly sixty-five percent in developed area provides plenty of space for attractive student housing, cultural diversity, and a trendy bar and restaurant scene, which also makes Margareten especially attractive to Digital Individualists. The district has a number of small public parks despite the low proportion of green space at just 4.4 percent.
Powered by FlippingBook