Investment Property Report 2023

Roundtable

Opportunities for sustainable investors

An expert roundtable at the EHL headquarters: Franz Pöltl, Managing Partner of EHL Investment Consulting, Martin Prunbauer, President of the Austrian Building and Landowners Association and Kaspar Erath, Chairman of the Association for the Revitalisation and architectonic Upgrading of Vienna’s 19th Century Buildings together with Moderator Thomas Brey.

The prices for investment properties are under pressure from the widespread increase in interest rates. But the long-term perspectives for these buildings are still intact – assuming sustainable management – and, for strategic rea- sons, may be even better than several years ago, to summarise the experts at the roundtable discussion on Vienna’s investment property market.

intensively management and continue to develop. However, investments in these properties are not really attractive for the Vienna Insurance Group right now because of the comparatively low yields. Due to legislators‘ possibilities to influence rental prices and indexing rules – this subject was recently openly debated in the form of a cap on rental price increases – investments in these properties as pro- tection against inflation could also be questioned.

The atmosphere was definitely better when we last met. Have the developments in 2022 and 2023 made invest- ment properties less attractive as an asset category or are these problems only temporary? Christine Dornaus, Member of the Management Board of Wiener Städtische: Our company is very proud of the investment property portfolio we have built up over 100 years, a portfolio that we