79
FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
APART FROM CONSUMER BEHAVIOUR and lifestyle, fundamen- tal underlying attitudes play a major role in shaping living environments. Every Viennese district has its own specific features that appeal to some groups more than others. This report draws on those Sinus-Milieus ® specifically prominent for each individual district compared to the Vien- na average. These milieu concentrations have been calculated for the entire district in question, so deviations in individual parts of the district are entirely possible. THE DIAGRAM ON PAGE 78 shows the current group landscape with each group’s position in Austrian society. The X-axis shows basic orientations in each group within society. Traditional values (A) indicate
the pursuit of order and personal responsibility. Modern values (B) in- clude the need for individualisation and self-realisation, amongst other values. Re-orientation (C) reflects modern society’s distinction between pragmatism and multiple optionality as well as refocusing and looking for new syntheses. The Y-axis shows the social situation of each group- ing as distinguished by upper class (1), middle class (2), and lower class (3). A higher position for a certain group on the Y-axis reflects higher levels of education, income, and professional situation, while positioning towards the right reflects more current socio-cultural basic orientation in the respective group. REFER TO www.integral.co.at for more information on Sinus-Milieus ® . ×
SMALL PRINT comes in large print. Please find below comments and explanations of some terms used in this report.
with planning permission prior to 1945) are subject to the full scope of the Austrian Tenancy Act. This means that rents are not subject to normal market forces of supply and demand, but are basically fixed (to what is known as an “adequate rent” or “guideline rent”). Such rents are not taken into account in our report.
ALL REFERENCES TO PERSONS in this text are intended to refer to both genders.
ALL PRICES QUOTED FOR THE VARIOUS DISTRICTS OF VIENNA refer to square metres of net floor area (i.e. not including loggias, etc.).
SOURCE DATA
EVERY EFFORT has been made to ensure the accuracy of information in this report. Certain topics are, however, quite complex and subject to constant change. The housing market in Vienna is extremely dynamic and prices vary greatly from area to area. While certain locations are in high demand at the moment, this might change quickly. IN OUR ANALYSIS OF THE HOUSING MARKET, we relied mainly on up-to-date data provided by Statistics Austria, the state statistics office, and information obtained from the City Government of Vienna, unless a different source is named.
SALES PRICES are full ownership prices per square metre of net floor area, not including service and maintenance costs.
RENTS are quoted net, exclusive of taxes and service charges.
DEFINITIONS
THE TERM “FIRST OCCUPANCY” in relation to prices refers to newly built apartments, or older buildings after complete refurbishment.
“OTHER” refers to tenancies and sales of second-hand homes.
PRICES
THE TERM “HOTSPOTS” refers to areas and quarters in the various districts where there is a particularly high demand for properties from both prospective tenants and buyers. ×
IN AUSTRIA, older buildings (i.e. non-subsidised buildings constructed with planning permission before 1953 and owner-occupied houses built
Powered by FlippingBook