St. Pölten The real estate market in the Lower Austrian provincial capital has developed from a scene almost exclusively influenced by local and regional investors into a market that has attracted national attention and first-time commitments by internati- onal investors. This development reflects the city’s revival in recent years as well as excellent future prospects that also open exceptional opportuni- ties for investment apartment buyers. A specific feature of St. Pölten is that the market is not only driven by its function as a provincial capital and university location. Excellent traffic connections to Vienna with travel time of only about 20 minutes via rail are another key factor that actually make St. Pölten “Vienna’s 24th district“. Rents and purchase prices are, there- fore, increasingly approaching Vienna levels and confirm a certain upward structural potential. The square metre rents for new apartments in good locations range from 10.50 to 11.70 Euros, while the purchase prices at locations suitable for invest- ment apartments range from 3,600 to 4,500 Euro in good residential areas. Average purchase prices for investment apart- ments in St. Pölten (in Euros/sqm, based on transactions)
In addition, connections to Vienna and the Slova- kian capital Bratislava are excellent. The number of projects suitable for investment apartments is, however, limited, but attractive for investors with square metre prices of 4,100 to 5,400 Euros.
The north
Klosterneuburg, a city in the north with nearly 28,000 residents, is characterised by prices, rental yields and prospects for value growth that are comparable to the market in Vienna. Privately financed residential construction is dominated by projects designed for owner-occupiers – new construction with apartment sizes and layouts optimised for rental by private have recently been rare. Depending on the quality and location of the property, the square metre prices for investment apartments range from 7,100 to 9,700 Euros. The district capital Korneuburg and the neighbour- ing smaller communities of Langenzersdorf and Bisamberg are the most attractive investment apartment locations in the areas north of the Da- nube River. Here, good traffic connections to the Vienna city centre via long-distance trains and ra- pid transit railway are an important growth driver. Korneuburg also benefits from the revitalisation in Vienna‘s Donaustadt and Floridsdorf districts. The price level is (still) clearly lower than in the south of Vienna, but the great success of several projects during the years from 2020 to 2022 leads to expectations of a further upward trend. Depending on the quality and location of the property, the square metre prices for investment apartments range from 4,600 to 5,500 Euros. Average purchase prices for investment apart- ments in the Vienna suburbs (in Euros/sqm, based on transactions)
0 1,000 2,000 3,000 4,000 5,000
3,850*
3,557
2,428
2020
2021
2022
*Preliminary data
The special market situation in St. Pölten makes accessibility to the main railway station an important location criterion. The area between the railway station and the government quarter is very attractive, but the northern quarters of the city also benefit from good connections to the railway station and autobahn as well as the recreation paradise on the Viehofner and Ratzersdorfer Lakes .
0 1,000 2,000 3,000 4,000 5,000
4,000*
3,545 3,598 3,599
2019
2020
2021
2022
*Preliminary data
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