First Vienna Residential Market Report | 2021

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

CLOSING WORDS

VIENNA IS DIFFERENT

ANYONE WHO KNOWS VIENNA knows that Vienna is different. Aus- tria’s capital also stands out in international comparison with its high social standards, well-developed communications infrastructure in con- tinuous optimisation, and, of course, the above-average quality of living that comes with it. VIENNA ESPECIALLY EXCELS in its diversity: the unmistakably Viennese flair combines with cult districts, traditional coffee house cul- ture with hip street markets, Wilhelminian-style houses with large-scale urban development programmes, and extension development areas with innovative architectural styles. The masterful mix of preservation

ever, it is the property developers’ responsibility to create the type of living space that the city needs and requires, regardless of whether it is a non-profit or private project. Our own four walls have become the centre of everyday life during the pandemic; intelligent floor plans right from the start play an essential role in creating flexible (living) space, and at affordable prices wherever possible. THIS WILL CONTINUE to make for exciting times for the de- velopment and real estate industry as construction costs and the immediate impact they have on housing prices in some cases are difficult to predict.

“It is the property developers’ responsibility to create the type of living space that the city needs and requires, regardless of whether it is a non-profit or private project.”

WE AT BUWOG AND EHL IMMOBILIEN aim to take an active role in shaping the market, and ensuring that our activities address the in- dividual needs of those looking for a place to live. We are proud of the opportunity to provide our combined know-how in the First Vienna Residential Market Report offering a glimpse into current and future developments for the ninth time. ×

of tradition and openness to new ideas goes hand in hand with the most diverse needs and demands of the residents of Vienna, and that includes living standards.

DESPITE THE GROWING SCARCITY of land available for develop- ment, Vienna still has enormous potential with no end in sight. How-