First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

EXCLUSI VE URBANITY 1080 JOSEFSTADT J OSEFSTADT IS VIENNA’S SMALLEST district. Housing availability is scarce, which is mainly due to the shortage of free space and resulting low volume of construction activity. Nevertheless demand for housing is high. This has affected the prices of available housing even if it doesn’t make Josefstadt any less attrac-

tive. The district benefits from new places to meet on Lange Gasse, with a new residential project on Trautsongasse nearby, as well as greening for traffic calming. Another residential project is currently under construction on Blindengasse near the Josefstädter Straße hot- spot. ×

Alser Straße

Laudon- gasse

U Josefstädter Straße

Josefstädter Straße

U Rathaus

Josef- städter Straße

Lerchenfelder Straße

HOTSPOTS

SPECIAL FEATURES OF DISTRICT After the First District, Vienna’s smallest district has the most pres- tigious addresses that Vienna Downtown has to offer. Despite the bourgeois character, this is also home to many of the city’s artists and intellectuals. One example is Theater in der Josefstadt founded in 1788, Vienna’s oldest existing theatre hall and an important focal point in the district. Composers Ludwig van Beethoven and Richard Wagner are two major names associated with traditional bourgeois theatre, but works by Johann Nestroy and Ferdinand Raimund also premiered to exalted audiences here. Josefstadt has a close mesh of picturesque alleys and squares such as Piaristenplatz in its distinctly Italian style. Ödön von Horváth’s famous work “Geschichten aus dem Wiener Wald“ (Tales from the

Vienna Woods) is set in the romantic Lange Gasse; the author him- self was also based here.

Even so, Josefstadt also moves with the times. There are chic café bars and cool shops to add to the abundance of traditional coffee houses and pubs. The wide variety of cultural leisure attractions to- gether with the diverse range of cafés and restaurants at this traf- fic-calmed location makes the Eighth District especially attractive for the Postmaterialists Sinus-Milieu ® . Green space may account for less than two percent of the district, but it is still possible to take a stroll and a breath of fresh air in picturesque small parks such as Schönbornpark behind the Volkskundemuseum museum of folk life and folk art.