First Vienna Residential Market Report | 2018

WOODY HEIGHTS 1140 PENZING T HE FOURTEENTH DISTRICT COMBINES times gone by with city flair, with long-established handicraft businesses alongside a modern shopping centre. Apartment buildings and public housing dominate towards the centre of the district, while Wilhelminian-style villas

are to be found towards the city limits. The Otto Wagner church is a district landmark visible from afar. Almost half of Penzing consists of woodland offer ing a wide variety of leisure and recreational activities. The River Wien passes through, the river path serving as a popular route for cyclists and joggers. ×

Leyserstraße 2 – 2a / EHL Immobilien

HOUSING FACTS

USAGE

92.337 45.636 2,04

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

HOT SPOTS

29.5% BUILT-UP 9.3% TRAFFIC 61.2% G REEN INCL.

PERSONS/HOUSEHOLD 2017

WATER BODIES

+ 10,158 – 9,552 + 606

MOVED IN MOVED OUT MIGRATION BALANCE

GREEN SUBURB

Penzing has excellent public transport connections with the U3 and U4 metro lines and the S-Bahn regional rail service from Hütteldorf to the main railway station or Handelskai. The quiet and green suburban area continues to attract increasing numbers of people as reflected in project developments such as on Penzinger Straße, at Breitensee, or the former Körnerkaserne barracks. Hot spots in the Fourteenth District include the area around Kennedy Bridge, Wolfersberg, Breitensee, and Auhof.

DEMOGRAPHIC FACTS

Mauerbachstraße

Amundsenstraße

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

VIENNA 28.6%

7,398 5,576

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

Auhof

Wolfers berg

- 3.6%

PENZING 25.0%

Hadersdorf

Weidlingau

52,149 10,078 17,145

Wolf in der Au

Linzer Straße

Breiten see

AVERAGE INCOME *

U Hütteldorf

U Johnstraße

U Ober St. Veit

Hütteldorfer Straße

Breitensee

€ 23,520

PENZING

Hadikgasse

Penzing

AGE

€ 22,173

VIENNA

41.8 YEARS

Kennedy- brücke

U Hietzing

SINUS-MILIEUS ®

Established High Achievers

Penzing is mainly home to the Established and Conser- vatives; this is largely due to the quiet suburban location with good motorway connections, traditional buildings, attractive residential estates with detached family homes, and high-quality construction development projects.

Con- servatives

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

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� € 11.00 / m 2

Postmaterialists

�� € 10.20 / m 2

New Middle Class

Adaptive- Pragmatists

�� € 4,100 / m 2

Traditionals

�� € 3,000 / m 2

INVESTMENT PROPERTY

�� € 1,200 to € 2,250 / m 2

Escapists

Consumption Oriented

In this district, 1,106 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 270 million.

Basic Orientation