First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

RENEWAL ON TRACK 1150 RUDOLFSHEIM- FÜNFHAUS

R UDOLFSHEIM-FÜNFHAUS has undergone a transition from “problem district” to sought-after residential area. Con- struction activities currently mainly include restoration of old buildings, loft extensions, and some new development projects. The first urban Ikea including a hostel will be moving into the Westbahn- hof railway station in mid-2021, which is set to improve the area’s

attractiveness. Nibelungenviertel and Sechshaus have also grown in popularity. Demand reflects this increasing quality of living in the Fifteenth District with the younger population especially appreciating the central location, good connections and infrastructure together with affordable housing prices in this inexpensive alternative location within the Vienna Beltway. ×

Nibe- lungen- viertel

Hütteldorfer Straße

U Schweglerstraße

U Johnstraße

West- bahn- hof

Felberstraße

U Westbahnhof

Mariahilfer Straße

HOTSPOTS

Rustengasse

Linzer Straße

Reindorf-/ Rusten- viertel

U Gumpendorfer Straße

Sechs- haus

Reindorfgasse

SPECIAL FEATURES OF DISTRICT

U Schönbrunn

U Längenfeldgasse

Rechte Wienzeile

U Meidlinger Hauptstraße

The Fifteenth District is a youthful and multicultural place of transition. Creative offices, new cafés, and fashionable boutiques stand next to one another on Reindorfgasse. Schwendermarkt has also been revitalised, and now provides a fine selection of fresh goods and international food specialities. At around a hundred and ten thousand square metres, the Auer-Welsbach-Park is the largest green space in the district, which has just over nine percent of green area. Named after the Austrian chem- ist Carl Auer von Welsbach, the park is a popular local recreation area in the lower part of the quarter. The Fifteenth District still lives up to its reputation as a working-class district in the other part above the West-

ern Railway, which has been less affected by the changes. The Wiener Stadthalle civic centre near the Vienna Beltway is the largest venue in Austria with a variety of facilities for amateur and professional sports as well as concerts and other events. Three Sinus-Milieus ® are especial- ly heavily concentrated in Rudolfsheim-Fünfhaus: Escapists and Adap- tive-Pragmatists appreciate the abundance of sports, entertainment, and shopping opportunities while the Consumption Oriented benefit from affordable restaurants and living space. Rudolfsheim-Fünfhaus is close to Vienna Downtown, placing it in an excellent position for future im- provement.