First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

TRADITION AND INNOVATION 1030 LANDSTRASSE

D EMAND FOR APARTMENTS in the Third District is as high as ever, making it one of Vienna’s most popular central residential districts. This is reflected in project development, as Landstraße has been affected by many large-scale inner-city project developments in recent years. These still include the three residential

high-rises in the TRIIIPLE project on Erdberger Lände and The Marks at St. Marx. Other large-scale project developments include IU – idyllisch_ur- ban, An der Lände 36–38, and Lände 3 at Erdberger Lände with construc- tion already completed; these projects have received an excellent response from the market. ×

Weißgerberlände

U Landstraße

Stadtpark

U Stadtpark

U Rochusgasse

Rochus- markt

U Kardinal-Nagl-Platz

Erd- berger Lände

Landstraßer Hauptstraße

Rennweg

U Schlachthausgasse

U Erdberg

Rennweg

Erdberger Mais

St. Marx

Quartier Belvedere

Landstraßer Gürtel

U Gasometer

HOTSPOTS

SPECIAL FEATURES OF DISTRICT Tense contrasts and strong growth are prominent in the Third District. The Konzerthaus concert hall, Hundertwasserhaus, and Belvedere with the state- ly baroque palace of Prince Eugen provide cultural enthusiasts with all they could wish for. The Third District has traces of the numerous places where world-famous composers such as Gustav Mahler completed their musical masterpieces; Ingeborg Bachmann and Adalbert Stifter wrote world litera- ture in Beatrixgasse.

ing estates from the times of Red Vienna. Green areas such as the spacious Arenbergpark with its two striking flak towers and the banks of Donaukanal account for around fifteen percent of the total area of the district. Landstraße combines tradition and innovation with striking urban renewal projects, for instance, the modern mall aptly named “The Mall” near the Ring as well as the St. Marx urban development zone on the other side of the district. This dynamism and high development potential alongside the proximity to Vienna Downtown are additional reasons for the High Achiev- ers Sinus-Milieu ® to feel especially at home in the district.

Busy shopping streets pulsate around Rochusmarkt, the heart of the district and a culinary paradise, alongside the elegant embassy quarter and hous-