First Vienna Residential Market Report | 2018

1010 INNERE STADT T HE FIRST DISTRICT is seen as the historic, commercial, and administrative centre of Vienna. Districts Two to Nine, the for mer “suburbs“, are grouped around the First District. The former city wall was replaced by the Ringstraße ring road, a grand boulevard, in

THE CITY CENTRE

the mid-nineteenth century. The 150-year anniversary of Ringstraße was celebrated in 2015. Downtown Vienna still has the charm of yesteryear in some areas, but tourist magnets such as Stephansplatz and Herrengasse have seen a redesign. ×

Schottenring 18 / EHL Immobilien

HOUSING FACTS

USAGE

16,465 8,905 1.89

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

49.4% BUILT-UP 40.0% TRAFFIC 10.6% G REEN INCL.

PERSONS/HOUSEHOLD 2017

U Schottenring

WATER BODIES

+ 1,956 – 1,869 + 87

MOVED IN MOVED OUT MIGRATION BALANCE

U Schottentor

LIVING IN THE HEART OF VIENNA

The First District is booming with demand for housing in the city centre at an unmitigated high. This year will see a variety of new projects leading to corresponding availability. New development projects such as Palais Schottenring Vienna, Börseplatz 1, luxury apartments in Palais Kinsky, and the soon to be redesigned Post Palais are mainly located along Ringstraße. Downtown hot spots include Herrengasse, Graben, and Goldenes U (Golden U).

U Schwedenplatz

Tuch lauben

Franz-Josefs-Kai

Herren- gasse

Rotenturmstraße

U Rathaus

DEMOGRAPHIC FACTS

U Herrengasse

Graben

U Stephansplatz

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

U Stubentor

VIENNA 28.6%

Kärntner Straße

U Volkstheater

25 – 64 YEARS 15 – 24 YEARS 6 – 14 YEARS 0 – 5 YEARS > 65 YEARS

968 783

-4.1%

INNERE STADT 24.5%

U Stadtpark

9,030 1,536 4,148

U Museumsquartier

AVERAGE INCOME *

€ 34,748

INNERE STADT

U Karlsplatz

AGE

€ 22,173

VIENNA

46.3 YEARS

HOT SPOTS

SINUS-MILIEUS ®

Established High Achievers

Mostly the Established and High Achievers live here. The Established enjoy the good reputation of their neighbourhood and appreciate the cultural offer, while High Achievers feel especially comfortable in this cosmopolitan environment and its proximity to trendy pubs and restaurants.

Con- servatives

HOUSING COSTS (PRICE/m 2 ) OWNER-OCCUPIED FIRST OCCUPANCY OTHER

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� n/a* *

Postmaterialists

�� n/a* *

New Middle Class

Adaptive- Pragmatists

�� € 18,600 / m 2

Traditionals

�� € 11,200 / m 2

INVESTMENT PROPERTY

�� € 4,000 to € 9,250 / m 2

Escapists

Consumption Oriented

In this district, 123 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 183 million.

Basic Orientation