First Vienna Residential Market Report | 2018

THE HIP DISTRICT 1070 NEUBAU T HE SEVENTH DISTRICT counts as the epicentre of the creative scene as reflected in the trendy pubs and shops set up by many young designers. The Museumsquartier museum quarter nestled in the former imperial stables has established its place

as a highly frequented cultural attraction. The district’s excellent public transport links and proximity to the university make the district particu larly attractive to students. The preserved Wilhelminian-style buildings dominate the district’s architecture. ×

Lindengasse 60 / BUWOG Group

HOUSING FACTS

USAGE

32,197 17,698 1.85

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

72.6% BUILT-UP 25.1% TRAFFIC 2.3% G REEN INCL.

PERSONS/HOUSEHOLD 2017

WATER BODIES

+ 5,273 – 5,190 + 83

MOVED IN MOVED OUT MIGRATION BALANCE

U Thaliastraße

VIENNESE SOHO

The district is still highly popular amongst the creative scene and a youthful population with unbroken interest in new ideas and developments. The new residential high-rise project on the site of the former Kurier building located within walking distance from Mariahilfer Straße is the most interesting development. Hot spots encompass the highly frequented area around Museumsquartier, Spittelberg, and Neubaugasse.

U Volkstheater

Burggasse

Spittel berg

Muse- ums- quartier

DEMOGRAPHIC FACTS

Siebensterngasse

U Burggasse-Stadthalle

Neubau- gasse

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

Mariahilfer Straße

VIENNA 28.6%

Schottenfeldgasse

20,528 3,811 1,810 1,600 4,448

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

U Neubaugasse

+0.4%

NEUBAU 29.0%

U Zieglergasse

U Westbahnhof

AVERAGE INCOME *

€ 24,327

NEUBAU

AGE

€ 22,173

VIENNA

HOT SPOTS

40.0 YEARS

SINUS-MILIEUS ®

Established High Achievers

The Seventh District mainly has three groups – Postmaterial- ists, High Achievers and Digital Individualists especially appre- ciate the cultural diversity of the district with everything from studios to restaurants and trendy bars. Digital Individualists set great store by Wilhelminian-style flats that make ideal flat-shares, and High Achievers enjoy the attractive loft conversions.

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

�� € 5,700 / m 2

Traditionals

�� € 4,400 / m 2

INVESTMENT PROPERTY

�� € 1,850 to € 3,900 / m 2

Escapists

Consumption Oriented

In this district, 219 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 99 million.

Basic Orientation