HIETZING Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 13.40 10.0 to 16.0
15–30
A locations B locations
5–10
LIESING Monthly rents (net) in EUR/sqm
HIETZING
LIESING
Apartments Offices Retail space
Ø 12.00 9.5 to 14.5
Investment property prices Yields
Investment property prices Yields
3,800 to 5,700 EUR/sqm
2,300 to 3,700 EUR/sqm
10–18
A locations B locations
1.6 to 2.6 %
2.4 to 3.4%
5–10
Hietzing, the high-priced green district, and Liesing, a working class district that is still heavily influenced by industrial areas, ranked last among Vienna’s districts based on the number of transactions and transaction volume in 2022. There was also very little fluctuation in prices. 13., Hietzing | 23., Liesing
Tenancy conversion is reducing the supply of investment properties
million. On a positive note, prices in Hietzing are very stable. The decline was limited and even minimal compared with the city in total. From the viewpoint of investors, high-quality his- torical villas with six to ten residential units are particularly interesting. The available supply is, however, declining steadily as a result of tenancy conversions – which normally bring very high apartment prices. Properties that come on the market are often sold privately within the local community. There was even less movement in the neigh- bouring 23rd District with smaller properties in the core district areas of Atzgersdorf, Liesing and Mauer. In contrast, the attractiveness as a residential area is improving continuously due to the strong new construction scene (Breitenf- urter Strasse, In der Wies’n etc.). Good earnings opportunities will materialise, above all, where demolition/new construction is possible.
Hietzing is one of the most popular residential districts in Vienna, but has a very limited number of traditional investment properties. The mini- mal stock surrounding Hietzinger Platzl along Hietzinger Hauptstrasse and the western gateway is too small to generate a high transaction volume. The many high-quality historical villas at top locations, in contrast, are usually in very stable ownership and there is, consequently, little movement despite constant high demand from potential buyers.
„New construction projects cre- ate attractive opportunities for the 23rd District.“
Only five investment property transactions or property share sales were registered in 2022. Two of the larger deals were located on Hietzin- ger Hauptstrasse and closed at a modest total volume of EUR 18 million. That represents a slight decline of 13 per cent in year-on-year compari- son based on the prior year volume of EUR 20.7
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