FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
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THE GREEN GATES TO V IENNA 1140 PENZING T HE FOURTEENTH DISTRICT still has plenty of potential for development although many families already benefit from advantageous transport links (U4 metro line and the regional Körner-Kaserne barracks site. A new living area of around a hundred thousand square metres is currently under development here. Construc- tion also began for a large residential complex on Penzinger Straße 76 in 2020. The district has several investment apartment developments in- cluding Linzer Straße, Leyserstraße, Breitenseer Straße, and Schützplatz. Housing demand is also increasing along Hütteldorfer Straße. × railway network) as well as spacious green areas. Families especially appreciate the Wolfersberg and Breitensee hotspot areas. There are also attractive developments in the urban areas of Penzing such as at the
Mauerbachstraße
Amundsenstraße
Wolfers- berg
Hadersdorf
Weidlingau
Wolf in der Au
Linzer Straße
Breiten- see
U Hütteldorf
HOTSPOTS
U Johnstraße
U Ober St. Veit
Hütteldorfer Straße
Breitensee
Hadikgasse
SPECIAL FEATURES OF DISTRICT Penzing ranks third amongst Vienna’s districts at around sixty-one percent green spaces and recreational areas. This is largely due to the Wienerwald hills, an area now mostly comprising a UNESCO Biosphere Park, which extends deep into the district; the Steinhofgründe are another recreational area of outstanding natural beauty with a spellbinding view of the whole city. This is also the location of a unique Art Nouveau church designed by Austrian architect Otto Wagner. Another world-famous Art Nouveau protagonist, Gustav Klimt, was born here on Linzer Straße in 1861. Anyone more inclined towards the natural sciences should consider paying a visit to the Technical Museum established in 1918. Sports aficionados should not miss the brand new Hütteldorf Stadium, which belongs to Austria’s
Penzing
U Hietzing
largest football club, Rapid. This quiet outskirts location has good road and rail connections to the motorway and Austrian Western Railway; the traditional buildings, attractive estates with detached houses as well as high-quality residential development projects especially attract the Estab- lished and Conservatives Sinus-Milieus ® . The various restaurants and coffee houses in Penzing embrace a wide range of culinary tastes for enjoyment in friendly company. One of Pen- zing’s specialities is the Sargfabrik, or “coffin factory”, which is the largest self-managed residential project in Austria and also a popular concert venue.
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