First Vienna Residential Market Report | 2018

CITY IN A CITY 1100 FAVORITEN F AVORITEN IS THE most heavily populated district in Vienna. Some two hundred thousand inhabitants live here, which is why the Tenth District is known for its diversity of people, languages, and cultures. Viktor-Adler-Markt still sports an authentic Favoriten flair, while modern residential areas such as Sonnwendviertel and Quartier

Belvedere are located around the Hauptbahnhof main station, and exten sive recreational and leisure facilities on the Wienerberg and Laaer Berg hills as well as in the Oberlaa spa gardens. The U1 metro line has served the southern district boundary since September 2017, and an extension to the U2 line is also in planning. ×

Triester Straße 91 / BUWOG Group

HOUSING FACTS

USAGE

198,083 92,269 2.15

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

U Südtiroler Platz Hauptbahnhof

HOT SPOTS

35.7% BUILT-UP 18.5% TRAFFIC 45.8% G REEN INCL.

PERSONS/HOUSEHOLD 2017

Quartier Belve dere

U Keplerplatz

WATER BODIES

+ 23,070 – 20,600 + 2,470

Sonn- wend- viertel

MOVED IN MOVED OUT MIGRATION BALANCE

OUT OF THE CITY AND INTO NATURE

U Reumannplatz

U Troststraße

A fifteen-minute ride from Stephansplatz to Oberlaa is all it takes in the U1 metro line available since the autumn of 2017. This is also attractive to many developers aiming towards building new residential properties on the outskirts of Vienna. The Am Wienerberg development accessible by the new U2 extension includes new housing projects under construction on the former Coca-Cola site. Other hot spots include Sonnwendviertel with the Helmut-Zilk-Park and Belvedere.

Triester Straße

U Altes Landgut

Wiener- berg

DEMOGRAPHIC FACTS

Favoritenstraße

U Alaudagasse

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

VIENNA 28.6%

110,317 24,448 18,062 13,459 31,797

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

FAVORITEN 34.5% +5.9%

U Oberlaa

AVERAGE INCOME *

Oberlaa

€ 19,047

FAVORITEN

AGE

€ 22,173

VIENNA

39.5 YEARS

SINUS-MILIEUS ®

Established High Achievers

Traditionals and Adaptive-Pragmatists are especially well-repre- sented in the Tenth District. Traditionals are attracted to the safety, order, and stability of the long-established residential areas and attractive cost of living, while Adaptive-Pragmatists appreci- ate the family atmosphere in the less densely developed areas and newly developed neighbourhoods that offer everything in one place.

Con- servatives

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

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� € 10.70 / m 2

Postmaterialists

�� € 9.00 / m 2

New Middle Class

Adaptive- Pragmatists

�� € 3,800 / m 2

Traditionals

�� € 2,500 / m 2

INVESTMENT PROPERTY

�� € 1,100 to € 2,150 / m 2

Escapists

Consumption Oriented

In this district, 1,601 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 311 million.

Basic Orientation