Overview of Vienna’s Districts
21., Floridsdorf 22., Donaustadt
The residential property market in the districts east of the Danube River is heavily influenced by large-scale new construction. Investment properties are purchased, above all for demolition/new construction or for inte- gration in larger development projects. The weakness on the new construction market has also brought trans- actions in investment properties to a standstill here.
Floridsdorf
Investment prop. prices 1,800 to 2,400 EUR/sqm
Yields
3.1 to 4.0 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 12.25
East of the Danube, there is only one relatively small investment property market. The limited number of properties are spread over several locations in the Floridsdorf and Donaustadt districts, and the quality of the building stock is rather average. These two districts have therefore always played a secondary role on the investment property market in Vienna. The gap to the traditional investment property locations on the other side of the Danube River continued to increase in 2023. New residential construction – which serves as the most important market driver through the demolish/rebuild strategy – has faltered considerably. Consequently, there have essentially been no transac- tions. The upper price limit for standard investment property sales currently lies at roughly 2,000 Euros per square metre, which represents an above-average reduction compared with the previous highs. No investment property sales were recorded in the 22 nd District (Donaustadt)
during 2023, and the only notable transac- tions in the 21 st District (Floridsdorf) were two properties close to the Floridsdorfer Spitz. In the Angerer Strasse, 2,071 Euros per square metre were realised, in the Immengasse 1,824 Euros per square metre. This also reflects previous experience, where buyers‘ interest was concentrated primarily on locations close to major intersections in the public transportation network. In addition to the Floridsdorfer Spitz, this applies to the Brünner and Prager Strasse in the 21 st District and to locations surrounding the Kagraner Platz in the 22 nd District. Close proximity to the Alte Donau recreational area is a further incentive for potential investors. The investment property market in Florids- dorf and Donaustadt will also be driven by new construction in the future because the demolish/rebuild strategy normally offers the better economic perspectives. The growing resistance to the sealing of undeveloped areas could make the use of former commercial properties more attractive for new construction projects.
Offices
10.50 to 17.50
Geschäftslokale A-Lagen
10 to 20
Retail space B locations
5 to 10
Donaustadt
Investment prop. prices 1,700 to 2,600 EUR/sqm
Yields
3.1 to 4.0 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 12.10
Offices
10.50 to 22.00
Retail space A locations
10 to 25
Retail space B locations
6 to 9
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Investment Property Report
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