First Vienna Residential Market Report | 2018

SWEET ATMOSPHERE 1170 HERNALS Y OU KNOW YOU’RE IN HERNALS from the sweet baked scent of Manner wafers in the air. The Viennese district of Hernals is the quintessential suburb, with a quiet residential atmosphere and proximity to the Vienna Woods and the city centre. Tram line 43 crosses the entire district, taking in the diversity of its indi vidual quarters and a rich demographic mix from the apartment buildings near the Vienna Beltway (“Gürtel”) to the local recreation area at Schaf berg with its uptown villa area. ×

Lascygasse 23–25 / BUWOG Group

HOUSING FACTS

USAGE

57,180 28,208 2.05

RESIDENTS 2017

SPECIAL FEATURES OF DISTRICT

MAIN RESIDENCES

35.7% BUILT-UP 11.1% TRAFFIC 53.2% G REEN INCL.

PERSONS/HOUSEHOLD 2017

WATER BODIES

+ 8,715 – 8,122 + 593

MOVED IN MOVED OUT MIGRATION BALANCE

CITY AND COUNTRY

The Seventeenth District stretches from the Vienna Beltway (“Gürtel”) to Neuwaldegg, bridging the gap between bustling city life and recrea- tional parkland. Hernals will benefit hugely from the planned U5 metro extension to Elterleinplatz. The increased demand and associated price increases also reflect in current project developments within this neighbourhood. The district’s hot spots include Elterleinplatz and the quieter outskirts of Neuwaldegg, Dornbach, and Heuberg.

Neu waldegg

DEMOGRAPHIC FACTS

Dornbach

FOREIGN NATIONALS

AGE PROFILE OF POPULATION

Alszeile

Heuberg

VIENNA 28.6%

33,398 6,803 4,495 3,518 8,966

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

HERNALS 33.2% +4.6%

Hernalser Hauptstraße

Hernals

AVERAGE INCOME *

Wattgasse

Elterlein- platz

U Alser Straße

€ 20,936

HERNALS

AGE

€ 22,173

VIENNA

39.9 YEARS

HOT SPOTS

SINUS-MILIEUS ®

Established High Achievers

Escapists are especially drawn to the colourful mix of lifestyles and cultures in the Seventeenth District, as they appreciate the nearby alternative pub and restaurant scene in the middle of the district and close to the Vienna Beltway (“Gürtel”), and also the attractively priced housing.

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

�� € 4,000 / m 2

Traditionals

�� € 2,800 / m 2

INVESTMENT PROPERTY

�� € 1,350 to € 2,450 / m 2

Escapists

Consumption Oriented

In this district, 539 changes of ownership were registered in the land registry in 2017, with a total sales value of approx. € 129 million.

Basic Orientation