Overview of Vienna’s Districts
3., Landstrasse
The Landstrasse is definitely one of the Vienna districts that can correctly be described as “bour- geois”. This attribute has proven to be an advan- tage in the current difficult environment. Property prices, especially at the best locations, have gener- ally remained stable.
The challenging market conditions have led to a significant decline in the trans- action volume in the 3 rd District. Prices, in contrast, have been more stable than in most of the other centrally located districts. These developments can be explained by the specific positioning as a traditional middle-class district: The ownership structure is extremely stable, and many investment property owners feel no pressure to sell, even in difficult times.
institutional investor to a project developer is a good example of how pricing is based more on long-term perspectives than on short-term problems. This applies in particular to the embassy quarter near the Rennweg. Genuine “collector’s prices” can always be found here – the price level is lower but generally similar to the inner city. These prices in no way reflect the current yield, but rather the long-term value of the investment.
Impulses can be expected from the realisation of further high-quality new construction projects. The current expansion of the rapid transit railway home line with hubs at Wien Mitte and Rennweg represents another plus point.
The ownership structure is extremely stable, and many investment property owners feel no pressure to sell, even in difficult times.
The situation is quite different in the outlying areas of the district. Up to 2022, ambitious development projects like the Triiiple or The Marks and the nearby Central Railway Station in the Fasan Quarter generated added benefits for indi- vidual locations. These impulses are
Landstrasse
Investment prop. prices 3,100 to 5,200 EUR/sqm
Yields
1.7 to 2.8 %
Monthly rents (net) in EUR/sqm
As a consequence, the limited supply of properties is contrasted by a large number of potential buyers who view the current market as an opportunity to acquire real estate at first-class locations. The sale of an investment property on the Landstrasse for 10 million Euros and more than 4,200 Euros per squarer metre by an
currently absent and, consequently, have led to declining interest in these areas.
Apartments
Ø 14.00
The Landstrasse and the surrounding area with its superior stock of buildings will also remain a particularly stable part of the investment property market in the future.
Offices
11.00 to 21.00
Retail space A locations
20 to 50
Retail space B locations
7 to 15
30
Investment Property Report
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