Overview of Vienna’s Districts
12., Meidling
Meidling has been relatively successful compared with the other beltway districts. Good transport connections, close proximity to Schönbrunn Palace, the increasing importance of Meidling Railway Station and the growing attractiveness of lively urban quarters have been the key to steady and strong demand and lead to expectations of a faster market recovery than in other outlying districts.
The 12 th District recorded particularly dynamic growth during the boom years on the Vienna investment property market and, similar to other beltway districts, is now under greater pressure in the current weak phase. Hopes for improvement in the future are supported by numerous factors that sustainably strengthen the district and lead to brighter prospects for the medium and long term. First on the list of these factors are the excellent transport connections. With the U4 and U6 subway lines and rapid transit railway, Meidling can offer several high-quality connections to the public transportation network. Long-distance rail traffic is also booming and strengthens
offices, a 10,000 square metre shopping arcade and roughly 170 apartments. Plans for the urban development area along the Eichenstrasse include high-quality residential projects as well as the new headquarters of the Central European University (CEU). The planned CEU has led to the realisation of creative gastronomy concepts like the Gleisgarten, a huge “food hall” with a diverse culinary offering. Close proximity to the green areas at Schönbrunn Palace is another plus point for the district’s western areas. The largest transaction in 2023 was recorded on the Tichtelgasse between the beltway and Längenfeldgasse. At 3,100 Euros per square metre, it was an
impressive price paid for a location outside the beltway. The trendy areas with their high-quality local shops and diverse urbane life, for example near the Meidling Market, are especially popular with apartment seekers and potential investment property owners. These neighbourhoods offer good perspectives for value appreciation, in particular through the sale of condomin- iums in connection with a future general market recovery.
Meidling
Investment prop. prices 1,500 to 3,300 EUR/sqm
Yields
2.9 to 3.9 %
the importance of Meidling as the “Second Central Railway Station”. The list of supporting factors continues with several major, recently completed construc- tion projects. The “Vio Plaza“ adjacent to the Meidling U4 underground station includes 22,000 square metres of
Monthly rents (net) in EUR/sqm
The trendy areas with their high-quality local shops and diverse urbane life, for example near the Meidling Market, are especially popular with apart- ment seekers and potential investment property owners.
Apartments
Ø 12.50
Offices
10.50 to 19.50
Retail space A locations
12 to 30
Retail space B locations
5 to 10
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Investment Property Report
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