First Vienna Residential Market Report | 2018

“ON WIEDEN” 1040 WIEDEN W IEDEN BOASTS A HISTORY GOING back centuries, and is currently one of the most urbane districts of Vienna. The districts Margareten and Favoriten developed from it around a century and a half ago. Even with the Fourth District ’s dense settlement and the paucity of green areas, the district still offers

everything anyone could wish for in the way of cultural highlights, including Otto Wagner Pavillon, RadioKulturhaus, and Wien Museum. Karlsplatz is not only a hub for the city’s metro system, it is also home to Vienna University of Technology and the Karlskirche Church of St. Charles. ×

Wohllebengasse 6 / EHL Immobilien

HOUSING FACTS

USAGE

33,035 17,061 1.93

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

HOT SPOTS

64.4% BUILT-UP 25.6% TRAFFIC 10.0% G REEN INCL.

PERSONS/HOUSEHOLD 2017

WATER BODIES

+ 5,432 – 5,214 + 218

MOVED IN MOVED OUT MIGRATION BALANCE

U Karlsplatz

LIVING IN THE EMBASSY QUARTER

Frei- haus- viertel

The Fourth District’s proximity to the inner city and good links to the new Hauptbahnhof main railway station have stoked demand for the district. Apart from the most popular hot spot, Freihausviertel, the area around the new main railway station and Südtiroler Platz have gained in attractiveness. Luxurious individual projects aimed at more well-healed clients are in development in the revitalised Palais and the hidden courtyards along Argentinierstraße.

Argen- tinier- straße

Prinz-Eugen-Straße

DEMOGRAPHIC FACTS

U Taubstummengasse

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

VIENNA 28.6%

19,565 4,079 2,172 1,634 5,585

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

Favoritenstraße

+2.4%

WIEDEN 31.0%

Süd- tiroler Platz

U Südtiroler Platz

AVERAGE INCOME *

Hauptbahnhof

€ 24,719

WIEDEN

AGE

€ 22,173

VIENNA

41.3 YEARS

SINUS-MILIEUS ®

Established High Achievers

Postmaterialists and High Achievers in particular live in Wieden. Postmaterialists appreciate the proximity to edu- cational institutions and good network of cycle paths, while High Achievers enjoy the prestigious residential environment, the varied restaurants and cafés, and the district’s central location.

Con- servatives

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

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� € 13.00 / m 2

Postmaterialists

�� € 11.00 / m 2

New Middle Class

Adaptive- Pragmatists

�� € 5,300 / m 2

Traditionals

�� € 3,800 / m 2

INVESTMENT PROPERTY

�� € 1,900 to € 3,800 / m 2

Escapists

Consumption Oriented

In this district, 243 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 112 million.

Basic Orientation