EHL Investment property report 2024 | Vienna

Overview of Vienna’s Districts

18., Währing 19., Döbling

The transaction volume in these two high-priced dis- tricts has declined substantially, but the price level has remained relatively stable. Döbling, in particular, was the site of several transactions at remarkable prices in 2023, and the market for historical villas has remained surprisingly crisis resistant.

Währing

Investment prop. prices 2,400 to 6,500 EUR/sqm

Yields

1.9 to 2.9 %

Monthly rents (net) in EUR/sqm

Although the investment property locations in the 18 th and 19 th District are as densely developed as other beltway districts, they benefit significantly from the prestige and social structure of these two traditional green areas and, consequently, have a significantly higher price level. The price differential to the neighbouring districts has recently increased because a significant part of the building stock has been under family ownership (and largely unencumbered) for a long time. Properties that come on the market are normally purchased by local parties who are prepared to accept prices that would make little sense under pure economic aspects, at least over the short term. The 18 th District on the Währinger Strasse and the 19 th District in the Pyrkergasse were each the location for a property sale at roughly 5,300 Euros per square metre in 2023.

The absolute top value was recorded by a larger property in Döbling at the Haitzinger- gasse at slightly over 6,500 Euros per square metre. An investment property in the Obkirchergasse also brought an excellent price of 5,170 Euros per square metre The Döbling and Währing suburbs like Gersthof, Pötzleinsdorf and the Cottage with its historical villas has proved to be even more crisis resistant. Practically no owners are under pressure to sell, and transactions are cancelled before signif- icant price declines compared with the 2021 highs are accepted. Large sections of Döbling and Währing are among the most popular residential areas in Vienna. That will safeguard the high price level on the investment property market over the long term, and prices will tend to increase earlier here than on the market as a whole.

Apartments

Ø 14.35

Offices

10.50 to 15.50

Retail space A locations

15 to 35

Retail space B locations

5 to 10

Döbling

Investment prop. prices 3,200 to 6,500 EUR/sqm

Yields

1.9 to 2.8 %

Monthly rents (net) in EUR/sqm

Apartments

Ø 14.65

Offices

10.50 to 20.50

Retail space A locations

15 to 30

Retail space B locations

6 to 11

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Investment Property Report

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