ALSERGRUND
Investment property prices Yields
EUR 4,000 to 7,100/sqm 1.5 to 2.4 %
Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 13.70 10.5 to 20.0
11–28
A locations B locations
5–10
The 9th District was a worthy competitor for the 1st District as Vienna’s most active investment property market in 2022. The completion and successful mar- keting of the Althan Quarter will also add new impulses in the coming years. 9., Alsergrund
Big deals between the Danube Canal and Vienna General Hospital
In contrast to previous years, the largest transac- tion did not take place in the district’s most expensive section near the Ring Boulevard. The ranking was led by a property near Lichtentaler Park, which was sold by a Vienna project de- veloper. Close proximity to the largely completed and successful Althan Quarter definitely played a role here. This transaction was followed in the ranking by an Austrian financial corporation with the sale of a property at a central location in the 9th District. Close to the 1st District, the sale of an investment property near the Währinger Strasse was the most important deal. The Althan Quartier has generated new impulses for the area between Friedensbrücke, Nussdorfer Strasse and the beltway, and this very positive development will be strengthened by the partial completion of the U5 underground line. It will in- clude two stations in the 9th District – Arne-Car- lsson-Park and Frankhplatz – which will further improve connections to the public transportation network.
Boredom is a definitely not the right description for the investment property market in Alsergrund. The traditionally very lively market activity increa- sed noticeably in 2022 and, with a transaction volume of over EUR 165 million, the district was responsible for clearly more than 7.5 per cent of the total market – and even outperformed the 1st District. The two largest of the 21 transactions topped the EUR 25 million mark. One remarkable detail is the high quality of the sold properties. „Two stations on the U5 will make public transport connections even better starting in 2026.“ Prices on the Alsergrund market have remained relatively stable, and the discounts to the 2021 highs were much lower than the overall invest- ment property market. With a price range of EUR 4,000 to 6,300/sqm, the Alsergrund holds an ab- solute top spot directly behind the (much higher) city centre. Purchase yields have ranged from 1.5 to 2.4 per cent to date.
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