Overview of Vienna’s Districts
9., Alsergrund
The 9 th District is traditionally among the leaders based on the number of transactions. The volume has, however, also declined dramatically here and had an influence on peak prices. The opening of the first U5 subway station and completion of the Althan Quarter should provide the necessary impulses for an upturn when the market recovers.
Alsergrund has the largest stock of 19 th Century buildings among the centrally located districts. As a result, it tradition- ally ranks high based on the transaction volume. This standing did not
The gradual completion of the Althan Quarter with the overbuilding of Franz Josef Railway Station will also stimulate the adjoining residential areas.
change substantially, even in the difficult times during 2022 and 2023 when market activity was generally weaker. The most expensive locations in the district can be found in close proximity to the 1 st District near the Schottenring, where very
The gradual completion of the Althan Quarter with the over- building of Franz Josef Railway Station will also stimulate the adjoining residential areas.
Alsergrund
large properties repeatedly appear on the market. Little movement was, however, visible in 2023. Two urban development projects are im- portant for this local investment property market: The U5 subway line will connect to Frankhplatz starting in 2026 and two additional stations – Arne-Karlsson-Park and the Michelbeuern hub – will be added one year later and further improve traffic connections for parts of the 9 th District.
Alsergrund is one of the most popular residential locations in Vienna. It benefits from the dynamic development of the medical cluster surrounding Vienna General Hospital, the neighbouring university, and the many new jobs that will be created in the Althan Quartier. The U5 subway connections will also make the south-western section of the district more interesting, above all for developers.
Investment prop. prices 2,500 to 5,200 EUR/sqm
Yields
1.9 to 3.0 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 14.55
Offices
11.50 to 24.00
Retail space A locations
11 to 28
Retail space B locations
6 to 12
42
Investment Property Report
Powered by FlippingBook