FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
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GROUNDS FOR JOY 1100 FAVORITEN F AVORITEN IS INCREASINGLY changing from a working-class district to a chic residential and office quarter. The main drivers in this development include the many construction projects; the Tenth District has the highest levels of development activity in Vienna, turn- ing it into the most attractive district for construction and development.
NEW PROJECTS INCLUDE Sonnwendviertel as well as Belvedere and Biotope City at Wienerberg. The latter is already benefiting from the planned route of the new U5 metro line. New residential high-rises such as "My Sky" and "Hoch 33" are examples of new residential devel- opment. ×
U Südtiroler Platz Hauptbahnhof
Quartier Belve dere
U Keplerplatz
Sonn- wend- viertel
U Reumannplatz
U Troststraße
Triester Straße
U Altes Landgut
Wiener- berg
Favoritenstraße
U Alaudagasse
U Oberlaa
Oberlaa
HOTSPOTS
SPECIAL FEATURES OF DISTRICT Favoriten is Vienna’s most populous district; however, it still provides suffi- cient leisure and recreational activities for every resident with green space taking up forty-six percent of the total area. This includes the many parks, the Wienerberg local recreation area, Laaer Berg with the Böhmischer Prater that was almost completely destroyed in World War II, the Oberlaa spa gardens, and Reumannplatz to be completely revitalised with addition- al green areas by the summer of 2020. A variety of cultures and languages combined in more than two hundred thousand inhabitants along with the
interplay between traditional and modern make the district unique. This becomes especially apparent at Viktor-Adler-Markt founded in 1877.
The Traditionals Sinus-Milieu ® has its roots in long-established residential areas with attractive housing costs, whereas the Adaptive-Pragmatists will feel at home in the family-friendly atmosphere of less densely built-up neighbourhoods or newly developed residential areas offering everything under one roof.
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