FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
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AT THE HEART OF V IENNA
1010 INNERE STADT
P ROJECTS IN UNUSUAL NUMBERS – there haven’t been this many for a long time – are currently under development in Vienna’s First District. These include prestigious develop- ments around the City Hall, on Börseplatz 1, on Parkring 14, and at Palais Schottenring. Franz-Josefs-Kai also has new projects in planning.
Luxury is no longer a matter of size, though – demand for one and two-bedroom apartments has significantly increased. Even so, the number of apartments in the city centre was lower than figures from previous years, which is most likely due to the pandemic and resulting lack of foreign investors. ×
U Schottenring
U Schottentor
Börse- platz
U Schwedenplatz
Tuch- lauben
Rotenturmstraße
U Rathaus
U Herrengasse
Graben
U Stephansplatz
U Stubentor
Kärntner Straße
U Volkstheater
U Stadtpark
U Museumsquartier
HOTSPOTS
SPECIAL FEATURES OF DISTRICT
U Karlsplatz
The First District is the beating heart and historical core of the city. The ancient buildings and structures are an attraction in and of themselves with the legacy of old Vienna still visible today in its maze of alley- ways, magnificent inner courtyards, old passageways, and beautiful churches, especially the Gothic St. Stephen’s Cathedral. Memorial plaques bear witness to places steeped in history, such as Wolfgang A. Mozart’s house and Nestroy’s birthplace. Vienna Old Town is popular with tourists and locals alike. Sinus-Milieus ® such as High Achievers and the Established are espe- cially attracted to the First District due to its exclusivity: High Achiev- ers appreciate the cosmopolitan environment and its proximity to
cult bars and restaurants. The Established, on the other hand, feel at home in the elegance of institutions such as the State Opera and the Burgtheater. The “City” is more than a cultural and political centre, it’s also an office, business and shopping district. Pedestrian precincts such as Kärntner Straße and Rotenturmstraße are popular for shopping or a casual stroll. Downtown is all about the pleasure principle – whether it’s over a “melange” coffee, a schnitzel, or a glass of Veltliner wine.
EIGENTUM ERSTBEZUG SONSTIGE MIETE ERSTBEZUG SONSTIGE
Burggarten and Volksgarten provide plenty of welcoming green spaces, and account for around ten percent of the district’s total area.
ZINSHAUS
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