First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

GOOD CONNECTIONS 1110 SIMMERING S OCIAL HOUSING takes up a large part of Vienna’s most affordable residential district. Most of the new development projects cover social housing as well as (subsidised) rental,

connections and high availability of land for development. This is reflect- ed in some new major projects planned in 2020. Currently, there are construction activities along Simmeringer Hauptstraße, Geiselbergstraße as well as on the former Siemens site between Leberstraße and Brehm- straße. ×

owner-occupied and investment apartments. Privately financed resi- dential developers also increasingly appreciate the good infrastructural

U Gasometer

St. Marx

U Enkplatz U Zippererstraße

Geiselbergstraße

U Simmering

Linie U3

Grillgasse

Simmeringer Hauptstraße

Kaiser- ebers- dorf

Kaiserebersdorf

HOTSPOTS

SPECIAL FEATURES OF DISTRICT Simmering, once a classical industry and workers’ district located on the outskirts of Vienna, is now perfectly connected to the city centre due to the many major traffic connections through the district (including the route to the airport). The combination of urban environment, infrastructure, and expansive rural areas makes Simmering unique. Green space accounts for almost forty-two percent of the district and includes agricultural areas, parklands, and many market gardens. The Zentralfriedhof central cemetery opened in 1874 is the district’s most famous sight, tourist attraction and recreation- al oasis; at an area of 250 hectares, this is also one of the largest urban

cemeteries in the world. The cemetery not only has countless tombs of famous personalities such as Ludwig van Beethoven and Joe Zawinul, but also brilliant Art Nouveau buildings. The wide-area Simmering district has a relatively large supply of afford- able living space. This explains why the Traditionals and Adaptive-Pragma- tists Sinus-Milieus ® are especially heavily represented as they value the neighbourhoods that have grown over time and family-oriented housing estates. The Consumption Oriented, on the other hand, enjoy the inexpen- sive shopping opportunities such as the EKZ Simmering shopping centre and those in the former gasometer.