FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
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JOY OF LIFE IN THE
FIFTH DISTRICT 1050 MARGARETEN M ARGARETEN HOSTS A VARIETY of opportunities for smaller construction projects and apartment building restora- tion. All of them add to a general increase in the quality of life; the Fifth District has seen significant upgrades in recent years, and is catch- ing up with the Sixth District in terms of attractiveness. Prices have already
risen around Matzleinsdorfer Platz due to the ongoing metro extension project. 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 here. 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 is very popular not only as a residential area, but also as a place to relax and have fun. A popular destination for revellers has developed around Margaretenplatz and Margaretenstraße with a variety of newly opened restaurants attracting students and bourgeois Bohemians. It comes as little surprise that Escapists and Digital Individ- ualists are especially heavily represented here. These Sinus-Milieus ® appreciate not only the artistic and cultural scene, but also the inexpen- sive living opportunities near the Vienna Beltway.
known as the “Boulevard of the Proletariat” due to its massive public housing, and Reinprechtsdorfer Straße.
A variety of personalities have left their names in the Fifth District. Aus- tria’s long-term Federal Chancellor Bruno Kreisky was born here, as were the popular folk actor Hans Moser and pop legend Hans Hölzl aka Falco. There is a pub on Ziegelofengasse with a shrine to Falco. Margareten may have little space for outdoor activities with its relative- ly low proportion of green space at 4.4 percent, but its many contrasts and dynamic development have turned the Fifth District into what is currently one of the most exciting parts of Vienna.
Change is less rapid in the working-class area with its high migrant population between the Margaretengürtel, part of the Beltway also
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