JOSEFSTADT
Investment property prices Yields
EUR 4,100 to 7,000/sqm 1.4 to 2.2 %
Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 13.95 10.5 to 18.0
10–25
A locations B locations
6–10
Vienna’s smallest district is normally characterised by great stability and a very low volume. However, market activity has been extremely lively in recent times – which shows that Josefstadt is also interesting for buyers in a difficult market situation. 8., Josefstadt
Surprising developments in the midd- le-class Josefstadt
corporation that sold an investment property near the Theater an der Josefstadt, and by private foundations. The buyer side consisted almost entirely of developers who actively manage their new acquisitions in an attempt to realise value growth. Purchase prices held up significantly better than the Vienna average and currently range from EUR 4,000 to 6,200/sqm. Yields are moving between 1.4 and 2.2 per cent. As seen over the long run, the perspectives for Vienna’s 8th District are well above average: The outlying areas in the district benefit sustainably from their close proximity to Vienna General Hospital and, in turn, from demand by the medical sector (clinic areas and high-income tenancies). The more central locations will become even more attractive beginning in 2026 with the opening of the U5 underground line and the U2/U5 City Hall underground station.
Between the hip Neubau and busy Alsergrund, the Josefstadt is seen as a tranquil, middle-class district with a rather unspectacular investment property market. The ownership structure is still shaped by families who have often held these buil- dings for generations, a situation that is reflected in a relatively limited number of transactions. The transaction volume totalled only EUR 28 million in 2022, but 2023 brought a surprising development: In the first quarter of the year, four transactions with a total volume over EUR 53 million were finalised, the largest at slightly below EUR 20 million was the sale of a property in the Altlerchenfeld neighbourhood. „Price stability and impulses from Vienna General Hospital and the new U2 underground line.“
The seller side is dominated by institutional investors, for example a large Austrian financial
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