FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020
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CLOSING WORDS
VIENNA ON THE UP AND UP
THE MERCER STUDY HAS ALREADY RATED VIENNA as the world’s most liveable city ten times over. The Austrian capital’s inhabit- ants enjoy high social standards and a well-developed infrastructure in constant optimisation as well as above-average quality of living. VIENNA IS INCREASINGLY DEVELOPING into a city of contrasts: the distinctively original Viennese flair with its coffee house culture, street markets, Wilhelminian architecture and imperial gardens contrast with trendy neighbourhoods, start-ups, several large-scale urban devel- opment and extension schemes, and innovative architecture. And this is exactly what Vienna is all about: successfully combining traditional treasures with openness to the future.
well as for non-profit and private developers. The dwindling availability of open spaces has united everyone in one solution – to build upwards. But rising building costs pose a challenge to affordable housing in the future.
HOW HOUSING PRICES will develop in the coming years remains to be seen.
“The availability of quality housing to address the city’s population
growth year after year is an important matter in politics as well as for non-profit and private developers.”
“This is what Vienna is all about: successfully combining traditional treasures with openness to the future.”
VIENNA’S POPULATION reflects the city’s diversity, emphasising the importance of providing individual housing for different needs. BUWOG and EHL Immobilien have therefore dedicated themselves to taking an active part in market development and contributing to satisfy- ing the high demand. We are proud of the opportunity to provide our combined know-how, and offer a glimpse into current and future de- velopments in the eighth edition of the First Vienna Residential Market Report. ×
THIS IS NOT EVEN CLOSE to the end of Vienna’s potential for developers. There is one development that stands out – increased con- struction of residential high-rises.
THE AVAILABILITY OF QUALITY HOUSING to address the city’s population growth year after year is an important matter in politics as
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