Overview of Vienna’s Districts
13., Hietzing 23., Liesing
The small investment property market in Hietz- ing and Liesing is currently registering even fewer transactions than in earlier years. In contrast, the interest in historical villas at top locations remains unbroken, even though it is nearly impossible to realise the in part excessive asking prices.
Hietzing
Investment prop. prices 3,500 to 5,100 EUR/sqm
Renditen
1.8 to 2.9 %
Monthly rents (net) in EUR/sqm
The high-priced green district Hietzing has traditionally played a subsidiary role on the Vienna investment property market, but has become even less important than the long-term average. The few transactions completed in 2023 were located along the central traffic axes on Hietzinger Hauptstrasse, Lainzer Strasse and Maxing- strasse. There were practically no closings at secondary locations. Square metre prices were impressive at slightly above or slightly below 4,000 Euros. Given the low number of transactions, these prices in no way reflect the actual market level. There is much greater interest in historical villas, which are found primarily at top locations in the Hietzinger Cottage and near the Gloriettegasse. These properties generally have a maximum of eight to twelve units and larger garden areas. Here, asking prices can approach 5,000 Euros per square metre, also because “collector’s premiums” are accepted. The price level is reasonable from an economic standpoint, above all when apartments are vacant and can be sold – in these cases, the square
metre prices can substantially exceed 7,000 Euros.
Apartments
Ø 14.20
Offices
10.50 to 16.50
The Mauer and Rodaun areas in Liesing have a lower price level but also a func- tioning market for historical villas, mostly with local buyers and sellers. There were no notable transactions in 2023 on the less liquid investment property market in the Liesing and Atzgersdorf areas of the district. The continuing, and generally growing, popularity of Hietzing as a residential district ultimately creates a solid basis for historical villas and investment properties. High-quality, refurbished 19 th Century properties, in particular, can produce attractive margins – in other words, the difference between the price for the entire building and the condominiums – through the separation and sale of individual units.
Retail space A locations
15 to 30
Retail space B locations
5 to 11
Liesing
Investment prop. prices 2,000 to 3,300 EUR/sqm
Yields
2.7 to 3.7 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 12.65
Offices
10.50 to 15.50
Retail space A locations
10 to 18
Retail space B locations
5 to 10
48
Investment Property Report
Powered by FlippingBook