First Vienna Residential Market Report | 2018

A VIENNESE MARKET 1120 MEIDLING M EIDLING HAS both densely developed working-class neigh bourhoods and village structures, and despite its location on the outskirts, the district also has ideal connections to the city centre. Meidling train station certainly plays a part in this, but so do the

many bus, tram, and metro connections. The Wiental cycle path addi tionally rounds off access to the city centre. Meidlinger Hauptstraße and Meidlinger Markt were redesigned in the last few years, further increasing the attractiveness of the area, densely built as it is. ×

Rechte Wienzeile 229 / BUWOG Group

HOUSING FACTS

USAGE

95,955 46,855 2.06

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

59.9% BUILT-UP 27.6% TRAFFIC 12.5% G REEN INCL.

PERSONS/HOUSEHOLD 2017

HOT SPOTS

WATER BODIES

+ 13,329 – 11,810 + 1,519

MOVED IN MOVED OUT MIGRATION BALANCE

DOWN SOUTH

Wien- fluss

The district benefits from the River Wien, Meidlinger Markt and Meidlinger Hauptstraße, excellent public transport (U4 and U6 metro lines), and the southbound motorway connection. The area around Arndtstraße leading to Meidlinger Markt as well as the area around Meidlinger Markt metro station near the Schönbrunn palace gardens have seen highly favourable development. Hot spots include the area around Meidling regional train station, Meidlinger Hauptstraße, Hetzendorf, Altmannsdorf, and the area along the River Wien.

U Schönbrunn

U Längenfeldgasse

U Meidling Hauptstraße

DEMOGRAPHIC FACTS

U Niederhofstraße

Grünbergstraße

Meid- linger Haupt- straße

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

Meidling U Philadelphiabrücke

VIENNA 28.6%

Wienerbergstraße

Hetzen- dorf

54,808 11,855 8,184 6,045 15,063

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

+4.1%

MEIDLING 32.7%

U Tscherttegasse

Hetzendorfer Straße

Hetzendorf

Alt- manns- dorf

AVERAGE INCOME *

U Am Schöpfwerk

€ 19,780

MEIDLING

AGE

€ 22,173

VIENNA

39.7 YEARS

SINUS-MILIEUS ®

Established High Achievers

The main group in the district consists of the Consumption Oriented alongside Traditionals. Meidling is especially popular with the Consumption Oriented due to the affordable cost of living in council housing estates. Traditionals also appreciate the low prices, but the small-town atmosphere makes the Twelfth District especially attractive to them.

Con- servatives

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

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� € 11.00 / m 2

Postmaterialists

�� € 9.80 / m 2

New Middle Class

Adaptive- Pragmatists

�� € 3,900 / m 2

Traditionals

�� € 2,900 / m 2

INVESTMENT PROPERTY

�� € 1,200 to € 2,200 / m 2

Escapists

Consumption Oriented

In this district, 1,031 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 234 million.

Basic Orientation