First Vienna Residential Market Report | 2018

LONG LIVE DIVERSITY 1160 OTTAKRING M ULTICULTURALISM AND EVER-GROWING city flair dominate the scene in the working-class district of Ottakring. The Sixteenth District is a melting pot of cultures close to the Vienna Beltway (“Gürtel”), and surrounded by uptown residential areas around Wilhelminenberg hill. Nestled between Lerchenfelder Gürtel and the Wienerwald hills, Ottakring has lively, quaint neighbourhoods such as Brunnenmarkt along with Thaliastraße and Ottakringer Straße high streets with shops, restaurants, and cafés catering to a wide variety of tastes. ×

Adolf-Czettel-Gasse 6 / EHL Immobilien

HOUSING FACTS

USAGE

104,323 51,744 2.03

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

51.5% BUILT-UP 18.4% TRAFFIC 30.1% G REEN INCL.

PERSONS/HOUSEHOLD 2017

OPPOSITES ATTRACT

WATER BODIES

+ 15,098 – 13,863 + 1,235

located around Brunnenmarkt and areas near the Vienna Beltway (“Gürtel”), which are in especially high demand among young people. Hot spots include Wilhelminenberg and Gallitzinberg to the west, and the area around Yppenplatz.

MOVED IN MOVED OUT MIGRATION BALANCE

Ottakring has peaceful exclusive locations to the west in stark contrast to the lively trendy area around Brunnenmarkt, Yppenplatz, and the Ottakringer Brauerei brewery. New project developments are mainly

DEMOGRAPHIC FACTS

Hernals

Wilhel- minen- berg

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

Hernalser Hauptstraße

Gallitzin- berg

VIENNA 28.6%

60,913 12,857 8,367 6,435 15,751

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

Wilhelminenstraße

OTTAKRING 35.3% +6.7%

U Alser Straße

Yppen- platz

AVERAGE INCOME *

Thaliastraße

U Ottakring

€ 19,702

OTTAKRING

U Josefstädter Straße

AGE

€ 22,173

VIENNA

HOT SPOTS

39.6 YEARS

U Thaliastraße

U Kendlerstraße

SINUS-MILIEUS ®

Established High Achievers

Ottakring’s big-city atmosphere mainly attracts Escapists. The multicultural shopping opportunities, cafés and restaurants, and its proximity to various local scene pubs on the Vienna Beltway (“Gürtel”) have made the district even more attractive to Escapists.

Con- servatives

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

RENTED FIRST OCCUPANCY OTHER

Digital Individu- alists

�� € 10.90 / m 2

Postmaterialists

�� € 9.90 / m 2

New Middle Class

Adaptive- Pragmatists

�� € 3,900 / m 2

Traditionals

�� € 2,700 / m 2

INVESTMENT PROPERTY

�� € 1,200 to € 2,400 / m 2

Escapists

Consumption Oriented

In this district, 683 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 142 million.

Basic Orientation