First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

A BIT OF EVERYTHING 1170 HERNALS J UST LIKE ITS DISTRICT NEIGHBOUR, Ottakring, Hernals also features an exciting contrast with a more urban part near Vienna’s city centre and the more rural outer area of Hernals.

running from Karlsplatz to Elterleinplatz from 2026 onwards. This traf- fic-related trend will see an upsurge in prices as well as increased con- struction activity on the few remaining sites available for development. Long-established locations such as Neuwaldegg and Heuberg are recog- nised hotspots of the district. ×

The district has seen much improvement mainly due to the ongoing U5 metro line extension project. The planned new turquoise line will be

Neu- waldegg

Alszeile

Heuberg

Hernalser Hauptstraße

Hernals

HOTSPOTS

Wattgasse

Elterlein- platz

U Alser Straße

SPECIAL FEATURES OF DISTRICT

From the cultural perspective, variety theatre lovers will especially ap- preciate Hernals; the Wiener Metropol and Kulisse host the city’s most entertaining stage shows. Venues for contemporary and avant-garde art can be found especially towards the Yppenplatz district bordering on Ottakring. The great Austrian author Christine Nöstlinger grew up in the same area, just a few yards away from the Metropol. In particular, the Escapists Sinus-Milieu ® is well-represented in Hernals. They appreciate the vibrant mix of lifestyle and culture. Attractively priced housing and proximity to the alternative pub scene, in the neighbourhood and on the nearby Vienna Beltway, appeal to this group.

Vienna’s Seventeenth District has a little bit of everything to offer. Hernals has a diverse local population as reflected in its varied neigh- bourhoods from estates with detached houses in the more rural part to Wilhelminian buildings and social housing towards the centre. The district’s attractiveness lies in its proximity to both Vienna Downtown and recreational areas such as the Schafberg and Schwarzenbergpark. No less than half of the district consists of green spaces. The Seventeenth District is not only a great day out but also a magnet for football fans. They all troop towards Vienna Sports Club stadium with the notorious Friedhofstribüne, or “graveyard grandstand”. It is located right next to the actual Dornbach graveyard.