First Vienna Residential Market Report 2025

2025 edition

editorial

Even if the situation or the challenge is very complex, usually the simplest solution is the one to go with. — Roxanne Quimby

Dear Reader,

A variety of challenges have taken a massive toll on the entire construction and real estate industry in the past few years, including a dras- tic decline in residential development volume in Austria. The resulting decline in completion rates has led to a tense situation on the market, especially in the ensuing imbalance between supply and demand for affordable property. Despite all the barriers, the Viennese residen- tial market still provides abundant potential for developers. We anticipate a long awaited return to increased development in Austria as well as continued heavy demand in 2025. Even though construction costs are still high, we are beginning to see the first companies announce promising new projects, fulfilling their responsi- bility towards creating urgently needed housing on the market. And there are other reasons for optimism looking forward into the year ahead: inflation has stabilised; in another encouraging sign, the KIM regulation that restricts how banks can finance development projects will be com- ing to an end in the middle of the year, making it easier for private individuals to secure financing again in the future. This is a highly favourable development that should benefit developers and home seekers alike. Once again, we are pleased to provide this comprehensive insight into current develop- ments, trends, and future opportunities in this thirteenth edition of the First Vienna Residential Market Report – a joint publication by BUWOG and EHL Immobilien.

important than ever after the crises of recent years, especially in view of the tense global eco- nomic and political situation and the changing face of housing and living with new require- ments on residential properties. Despite all the barriers, the Viennese residential market still provides abundant potential for developers. We anticipate a long awaited return to increased develop- Our report has become an important reference work over the past ten years with these times of uncertainty and change making it especially relevant. Our in-depth market know-how stems from annual data collection and research that flows directly into our projects and services – a clear benefit to our customers and business partners. This report in its many facets serves as a valuable source of information for home seekers in Vienna who can finally look forward to plenty of new projects in 2025, while provid- ing urban planners, city authorities, research organisations, institutional investors, and similar with a valuable knowledge source. ment in Austria as well as continued heavy demand in 2025. We look forward to the new year with positivity and optimism, and wish you an interesting read full of new and useful insights alongside a successful year on the Viennese residential market in 2025.

A current analysis of market developments and evaluation of risks and opportunities are more

Yours sincerely,

Mag. Daniel Riedl FRICS Director, Vonovia SE

Andreas Holler BSc Managing Director of BUWOG Group GmbH

KommR Mag. Michael Ehlmaier FRICS Managing Director of EHL Immobilien GmbH

Karina Schunker M.A. MRICS Managing Director of EHL Wohnen GmbH

contents

Vienna’s population Vienna’s population is constantly growing and creating a need for new living space every year.

Vienna’s districts in detail All twenty-three Viennese districts and neighbourhoods have their own distinctive character.

Editorial

The districts of Vienna

References BUWOG & EHL

05 06 07

17 18

64 66 68 70

Table of contents BUWOG Group GmbH EHL Immobilien Gruppe

Living in Vienna 1010 Vienna · Innere Stadt 1020 Vienna · Leopoldstadt 1030 Vienna · Landstraße 1040 Vienna · Wieden 1050 Vienna · Margareten 1060 Vienna · Mariahilf 1070 Vienna · Neubau 1080 Vienna · Josefstadt 1090 Vienna · Alsergrund 1100 Vienna · Favoriten 1110 Vienna · Simmering 1120 Vienna · Meidling 1130 Vienna · Hietzing 1140 Vienna · Penzing 1150 Vienna · Rudolfsheim-F. 1160 Vienna · Ottakring 1170 Vienna · Hernals 1180 Vienna · Währing 1190 Vienna · Döbling 1200 Vienna · Brigittenau 1210 Vienna · Floridsdorf 1220 Vienna · Donaustadt 1230 Vienna · Liesing

BUWOG / DECK ZEHN EHL / Roseggergasse BUWOG / Drygalskiweg EHL / Josephine

20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 52 54 56 58 60 62

Residential market

Trend topic

09 10 11

Ownership structure Demography Austria Demography Vienna Households in Austria Households in Vienna

Living in the Greater Vienna region BUWOG / viéno EHL / Lebensraum Tullnerfeld Closing words Glossary Imprint

12 13

74 76

14 16

78 79 80

Sinus-Milieus ® On the go in Vienna

Superb references BUWOG Group GmbH and EHL Wohnen GmbH will be presenting a selection of their most recent real estate projects.

Living in the Greater Vienna region The Greater Vienna region provides a perfect balance between urban convenience and rural idyll. Families especially appreciate the child-friendly residential areas, excellent schools, and the wide range of leisure activities.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

BUWOG Group GmbH

EHL Immobilien Gruppe

BUWOG Group GmbH has become an established leader amongst private full-service suppliers on the Austrian residential real estate market with more than seventy years of experience to look back on. Glücklich wohnen – happy living: BUWOG has always strived to create the best living experience for the company’s customers by providing unique expertise in planning, construction, marketing, and management and administration of real estate properties. Our daily work relies on expertise in every aspect of construc- tion and living, know-how accumulated over years and still constantly growing into the future. Our business activities are based on three core areas: sustain- able asset and property management for tenancy and inven- tory in our own and third-party portfolios; property sales (sales of individual units, properties, and portfolios); and property development. We cover the entire value chain in Austria’s resi- dential property sector, always striving to meet our customers’ demanding requirements on quality. BUWOG Group GmbH possesses a high-quality property port- folio currently comprising around 21,418 units in Austria, BUWOG manages a total of almost 55,000 units in Austria. The company Living in happiness

We stand for real estate

EHL Wohnen GmbH is part of the EHL Immobilien Group and one of the leading estate agents in Greater Vienna, the Greater Vienna region, in Graz, and in Linz. Apart from arranging rented, occupier-owned and investment contracts as well as brokering land and houses, the company operates in property development consulting for developers with advice on planning and marketing for their projects. EHL Immobilien was founded in 1991, and is one of Austria‘s leading residential property service suppliers specialising in residential, commercial, and investment properties. Our range of services includes estate agent services, property valuation, asset and portfolio management, and market research and invest- ment consulting. EHL has received many awards. These include the IMMY quality award from the Vienna Chamber of Commerce that the company has received eleven times in a row. EHL has also received

also has around 6,680 residential units currently under development, mostly located in Vienna.

thirteen Cäsar awards, and has been named Austria’s greatest real estate brand, again thirteen times in a row. In 2024, EHL arranged 1,710 residential unit deals (rental, property, investment) and 71,500

Many awards at national and international level reflect the achievements that BUWOG has made on the real estate market. This success especially reflects the outstanding accom- plishments of our 366 committed employees demonstrating their team competence, com- mitment, and professionalism every day. BUWOG Group GmbH has been a wholly owned subsidiary of Bochum-based Vonovia SE, Germany‘s leading housing company, since January 2019.

square metres of office, retail, and logistics floorspace, com- manding a total transaction volume

of 660 million euros. The annual volume from the fast-growing property valuation segment amounts to around 18.6 billion euros. The company’s exclusive partnership with the BNP Paribas Real Estate global service provider secures a global framework for the EHL Group with market know-how in twenty-three countries.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

Time does not change us. It just unfolds us. — Max Frisch

ownership structure

The Viennese residential market has an unusual owner- ship structure compared to the rest of the country. Just over three-quarters, or 76 percent, of main residences totalling around 971,716 are rental apartments. More than half of these rental properties, around 55 percent, are owned by the City of Vienna or non-profit building asso- ciations, and, as such, take up a major part of the capital’s social housing.

The proportion of owner-occupied apartments in Vienna is similar to the national average; however, this form of housing is less widespread on the Viennese market. Single-family homes constitute the most popular form of housing in Austria but occupy rather a small proportion of housing options in Vienna due to the urban structure.

Housing stock 2024

Austria

Vienna

Absolute figures

4,149,053

971,716 48,586 136,040 738,504 204,060 204,060 330,383

Total apartments as main residence

1,501,957

Owner-occupied houses

485,439

Owner-occupied apartments

1,784,093

Rented

282,136

Social housing

701,190

Cooperative housing

800,767 377,564

Other rentals

48,586

Other

Source: Statistics Austria, deviations possible due to rounding differences

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

demographics of austria

demographics of vienna

Austria had a population of 9,167,923 people in 2024 – a figure that is expected to increase further. One of the main reasons for this demographic growth lies in Austria‘s exemplary infrastructure, its extensive social benefits, and the extremely diverse range of leisure activities that the country has to offer. Austria provides a varied range of housing options and living environments valued by locals, newcomers, and investors alike.

Reaching the two million mark in 2023, Vienna has become one of Europe’s five largest cities sooner than anticipated. Together with continuously increasing population numbers, this has led to a significantly increased need for additional living space in Austria’s federal capital.

Demographic outlook for Austria 2024 to 2080

Age profile of population as at January 1, 2024

Demographic outlook for Vienna 2024 to 2080

2,446,602

10,179,834

9,167,923

2,009,562

Population

> 65 years 16,38 %

> 65 years 19.84 %

19.28 %

10,000,000

0-19 years

0-19 years 19.33 %

Population

8,000,000

2,000,000

6,000,000

Ø age 43.4 years

Ø age 41.0 years

1,750,000

60.88 %

4,000,000

20-64 years 64.29 %

20-64 years

1,500,000

2,000,000

Year

1,250,000

2000 2010

2020

2030 2040 2050 2060

2070

1990

2000 2010

2020

2030 2040 2050 2060

2070

2024

2080

2024

2080

Forecast to 2080

→ In 2070, more than 10 million people will be living in Austria. → This corresponds to an increase by 11.04 %. → 29.3 % of the population will be 65 years or over. → The number of people in Austria below the age of 20 will decrease to 18.66 %.

→ In 2080, approx. 2,446,602 people will be living in Vienna. → This corresponds to an increase by almost 22.0 %. → Around 26.0 % of the population will be 65 years or over. → The number of people in Vienna below the age of 20 will decrease to 17.8 %.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

households in austria

households in vienna

Single-family homes are still very popular as a form of housing in Austria, but there has been a clear shift towards smaller household structures for the past several years. An average of 2.21 people lived in each household in 2024. This trend seems set to continue; the number of private households will grow to 4.69 million by 2060 according to forecasts from Statistik Austria, 42.2 of which will be single-person households. These changes and pressing climate issues call for realignment in urban planning.

There were around 971,716 private households in Austria’s capital in 2024 with an average household size of just 2.04 people. The ongoing trend towards shrinking households espe- cially affects Vienna, leading to a growing need for new living space to be covered by increased construction activity.

Private households in Austria Forecast for single and multiple-person households 2024 to 2060

Private households in Vienna Forecast for single and multiple-person households 2024 to 2060

Households

605,640

578,972

3,000,000

600,000

2,711,896

530,778

2,544,517

2,500,000

500,000

440,938

1,980,273

2,000,000

400,000

1,604,536

Single-person households

1,500,000

300,000

Multiple-person households

1,000,000

200,000

500,000

100,00

Year

2024

2060

2024

2060

Quelle: WKO Statistik

Forecast to 2060

→ One-person households: up by 23.41 % → Multi-person households: up by 6.6 % → Private households: up by 13.1 %

→ One-person households: up by 31.3 % → Multi-person households: up by 14.1 % → Private households: up by 21.9 % → Over one million households in Vienna by 2030

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

sinus-milieus ®

Who lives how?

Sinus-Milieus ® constitute a model that groups people according to their basic attitudes and lifestyles. Sinus-Milieu groups differ with regard to their consumer behaviour, lifestyle, and living environment.

traditional milieus

upper class

Upper Class/ Upper Middle Class

Conservative Established The old structurally conservative elite: classic ethics of responsibility and hard work as well as claims to exclusivity and status; optimistic attitude, high self-confidence, desire for order and balance Traditionals The older generation with a longing for law and order: anchored in the petty-bourgeois and traditional blue-collar culture; unpretentious adaptation to need

High Achievers The globally oriented modern elite with an optimistic view of future progress: efficiency, personal responsibility, and individual success take top priority; global economic and liberal thinking; economic rationality as the benchmark in every sphere of life; high technology and digital affinity Postmaterialists The cosmopolitan critics of society and zeitgeist: diverse culture-oriented, cosmopolitan interests but critical of globalisation; proponents of post-growth economy and sustainability, non-discriminatory conditions and diversity Cosmopolitan Individualists The avant-garde individualistic lifestyle: mentally and geo- graphically mobile, connected online and offline; in search of new frontiers and unconventional experiences, solutions and achievements; excellent self-expression skills

HIGH ACHIEVERS

COSMOPOLITAN INDIVIDUALISTS

CONSERVATIVE ESTABLISHED

POSTMATERIALISTS

Middle Middle Class

PROGRESSIVE REALISTS

ADAPTIVE PRAGMATISTS MIDDLE

central milieus

NOSTALGIC MIDDLE CLASSES

Nostalgic Middle Classes The system-critical erstwhile middle class: desire for stable conditions and appropriate status together with criticism of prevailing conditions; overwhelmed by, and apprehensive of, social decline, feeling of being left behind by the current political and media mainstream; longing for the „good old times“ Adaptive Pragmatists The flexible benefit-oriented mainstream: distinctive prag- matism as an approach to life, high degree of willingness to adapt and work hard; utilitarian philosophy, but also a desire for fun and entertainment; pronounced need for roots and belonging Progressive Realists The trendsetters: willingness to change, pronounced problem awareness of global challenges; synthesis of re- sponsibility and self-realisation, disruption and pragmatism, success and sustainability, party and protest

Lower Middle Class/ Lower Class

TRADITIONALS

HEDONISTS

CONSUMPTION ORIENTED

the modern lower class

BASIC ORIENTATION

Consumption Oriented The lower class striving for orientation and involvement: belonging and keeping up with the lifestyle and standard of living of the broad middle class, but hampered by accumu- lated social disadvantage and exclusion; feelings of being left behind, bitterness, and resentment Hedonists The (lower) middle class hungry for new experiences, living for the moment: fun in the here and now; balance between professional adaptation and leisure escapism; refusal to accept mainstream conventions, heavy identification with peer group

Traditional values

Modernisation

Reorientation

Source: INTEGRAL Markt und Meinungsforschungsges.m.b.H.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

living in vienna

On the go in Vienna

The table below rounds up all the important information and facts on population numbers, income, and sales and rental prices in the individual districts of Vienna.

are quoted as purchase prices per square metre of net living area excluding parking spaces and utilities.

The following pages provide detailed information on key demo- graphic data, statistical details, and information covering the peculiarities of the twenty-three districts of Vienna.

Prices are quoted per square metre as agreed at the time the contract was concluded, rather than offer prices. Sales prices

Vienna is connected by a network of roads totalling around 2,800 kilometres. Public transport users benefit from more than 500 km of routes in total covered by Vienna’s public transport system. The city’s well-developed cycling infrastructure has a total length of around 1,700 km with opportunities to explore the surrounding natural land- scapes on cycle paths, cycle routes, and traffic-calmed areas.

Districts

RESIDENTS

INCOME*

SALE PRICES ON CONCLUSION

RENTS ON CONCLUSION

current route of U2 metro line, to become U5 metro line U5 line under construction U2 line under construction

Number

Annual income

First occupancy

Other

First occupancy

Other

21.

A22

1010 Vienna · Innere Stadt 1020 Vienna · Leopoldstadt 1030 Vienna · Landstraße 1040 Vienna · Wieden 1050 Vienna · Margareten 1060 Vienna · Mariahilf 1070 Vienna · Neubau 1080 Vienna · Josefstadt 1090 Vienna · Alsergrund 1100 Vienna · Favoriten 1110 Vienna · Simmering 1120 Vienna · Meidling 1130 Vienna · Hietzing 1140 Vienna · Penzing 1150 Vienna · Rudolfsheim 1160 Vienna · Ottakring 1170 Vienna · Hernals 1180 Vienna · Währing 1190 Vienna · Döbling 1200 Vienna · Brigittenau 1210 Vienna · Floridsdorf 1220 Vienna · Donaustadt 1230 Vienna · Liesing

16,538 110,100 98,398 33,155 54,400 31,386 31,513 24,499 41,631 220,324 110,559 101,714 55,505 98,161 76,381 102,770 56,671 51,395 75,400 86,930 186,233 220,794 121,303

€ 40,232 € 28,183 € 30,702 € 31,167 € 25,884 € 29,367 € 31,524 € 31,037 € 30,684 € 23,958 € 25,301 € 25,280 € 35,462 € 29,664 € 23,602 € 25,009 € 26,552 € 32,235 € 33,188 € 23,642 € 27,267 € 29,786 € 30,250

n/a** € 15.40 € 15.70 € 16.40 € 14.20 € 16.20 € 16.50 € 16.70 € 16.50 € 14.50 € 13.10 € 13.70 € 15.80 € 14.80 € 13.60 € 13.90 € 14.10 € 16.20 € 16.50 € 13.60 € 13.20 € 13.00 € 13.70

n/a** € 12.50 € 13.60 € 13.90 € 13.00 € 13.80 € 14.00 € 14.20 € 14.00 € 11.60 € 11.20 € 12.20 € 13.80 € 13.00 € 12.30 € 12.50 € 12.50 € 13.80 € 14.00 € 12.60 € 12.00 € 11.90 € 12.50

€ 23,200 € 6,850 € 6,850 € 7,200 € 5,900 € 7,050 € 7,300 € 7,850 € 7,700 € 5,600 € 5,200 € 5,650 € 7,750 € 6,050 € 5,500 € 5,750 € 5,650 € 7,700 € 8,500 € 5,300 € 5,300 € 5,150 € 5,700

n/a** € 4,900 € 4,950 € 5,450 € 4,800 € 5,250 € 5,500 € 5,800 € 5,650 € 3,900 € 3,750 € 4,200 € 5,750 € 4,150 € 3,950 € 4,000 € 4,150 € 5,450 € 5,900 € 3,850 € 3,700 € 3,650 € 4,050

Leopoldau U

19.

Floridsdorf

Heiligenstadt

20.

22.

17.

18.

Spittelau

14.

Seestadt

16.

Elterleinplatz

6. 7. 8.

Ottakring

Stephansplatz

15.

Karlsplatz

Westbahnhof

Hütteldorf

13.

12.

Simmering

Wienerberg

11.

10.

23.

Oberlaa

A23

Siebenhirten

A21

* Source: Wage tax statistics for 2023, average annual net income for employees in total, in euros, valid as at December 2024 ** The sample observed was too small to deliver reliable and accurate information.

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1010 vienna – innere stadt

Vienna’s historical heart

Schottenring 18 / EHL

Jordangasse 7a / EHL

Schottenring

Börseplatz 1 / EHL

Schottentor

Rathausplatz

Schwedenplatz

Herrengasse

Rathaus

Stephansplatz

Schulerstraße 1-3 / BUWOG

Stubentor

Volkstheater

Museumsquartier

Stephansdom

Stadtpark

Karlsplatz

Singerstraße 14 / EHL

Volksgarten

FACTS Demography

Rathausstraße 1 / BUWOG

Magnificent centre

Sinus-Milieus ®

Residents

16,538 8,468

upper class traditional milieus central milieus modern lower class

There are good reasons for the central district being seen as the historical centre of Vienna. Vienna’s central district has charming alleys and entire streets full of buildings showcasing the city’s architectural history and heritage beyond the iconic landmarks such as St. Stephen‘s Cathedral, Hofburg, City Hall, and Parliament. A stroll through the First District is like a journey into times long gone. The many cultural institutions, architectural beauties, and traditional Viennese coffee houses create a unique atmosphere combining the city’s culture and history for its visitors to escape everyday life. It comes as no surprise that Vienna’s centre is very popular with both tourists and townsfolk. However, Vienna downtown offers much more than glamorous structures and sights; it also serves as the central administrative district for city, state and federal government. This is also an employment hotspot with more than a hundred thousand people employed in Vienna downtown – more than in any other district of the city. Vienna downtown is still developing despite its historical loca- tion – progressive urbanisation makes no exception in the tradi- tional First District. The climate-friendly Michaelerplatz redesign was completed in late 2024. New trees and green spaces are being planted to improve the microclimate while new barri- er-free paving is to increase inclusivity and liveability. Preserving

the historic cityscape and leaving important sightlines open have taken high priority in all the redevelopment activities. The planned traffic calming measures downtown are to ensure more peace and quiet with less traffic in the future for a further increase in quality of life in the heart of Vienna. The elegant First District is highly sought-after as a residential area and it is no surprise that this is reflected in correspond- ingly high price levels compared to the rest of the city. Anyone aiming to live in downtown Vienna will not only need a decent budget but also patience, as the number of available residential units on offer is limited. On the whole, the First District has very few new projects and developments, and the supply of existing residential units is sparse. The comprehensive listed property restoration project at Postgasse 8-12 is one of the few new pro- jects. The development comprises a diverse area with exclusive apartments, state-of-the-art office space, a hotel, restaurants, and fitness centres as well as its own underground car park on a total area of more than 50,000 square metres. Another refurbishment project, Sixth Sense Residences, is planned for completion by the end of 2025 at Stubenring 2, also a highly desirable neighbourhood.

Main residences Persons/household

1.93

Moved in Moved out

+ 2,447 - 2,466

Migration balance

- 19

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 23,200 / m2

6.4 %

35.4 %

Vienna Innere Stadt

Other

n/a*

3.9 %

> 65 years 25.7 %

6-14 years

32.1 %

0-5 years

9.7 %

Rent First occupancy

15-24 years

Average income (net)

n/a* n/a*

€ 27,897

Vienna Innere Stadt

Ø age 47.2 years

Other

€ 40,232

Invest. property € 6,000 to € 10,000 / m2

Average age

54.3 %

25-64 years

61 land registry transactions for apartments in 2024 saw purchase prices total around €77.87 million.

41.0

Vienna Innere Stadt

47.2

*The sample observed was too small to deliver reliable and accurate information

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1020 vienna – leopoldstadt

Leopoldstadt in transition

BRUNO Bruno-Marek- Allee 22 / BUWOG

Wolfgang-Schmälzl- Gasse 4 / EHL

Augarten

Praterstern

Schottenring

Josephine Stoffellagasse 7 / EHL

Stadion

Schwedenplatz

Donaumarina

Praterkai

MARINA TOWER Wehlistraße 291 / BUWOG

FACTS Demography Das Artmann Obere Donaustraße 19-21 / EHL

Prater

Josephine Stoffellagasse 7 / EHL

Sinus-Milieus ®

Residents

110,100 50,957

upper class traditional milieus central milieus modern lower class

Modern diversity

Main residences Persons/household

2.10

Moved in Moved out

+ 15,912 - 14,214 + 1,698

Living on an island – Leopoldstadt between Donaukanal and the Danube. This is where bustling city life and relaxed natural idyll meet. Cosmopolitan diversity makes the Second District so spe- cial alongside its many local recreational opportunities. The district’s multifaceted attractions include grand palaces, historic buildings, and the famous Vienna Prater waiting to be experienced. Residents benefit from many green oases and the immediate proximity to Donaukanal, or Danube Canal. The district also boasts two culinary hotspots – the charming Karmelitermarkt and the hip Vorgartenmarkt as meeting places for gourmets of all ages. Developments in various neighbourhoods in recent years have turned the Second District into a trendy and diverse residential area. District development is ongoing: the Viertel Zwei Plus project is currently underway in extension to the Viertel Zwei develop- ment. The district has a wide range of uses and sets high stand- ards for liveability in its open spaces. The development borders on the existing Viertel Zwei, the University of Economics and Business campus, and Krieau racecourse, providing urban space close to the Grüner Prater park.

Anyone looking for a place to live in Leopoldstadt has a growing range of available properties in the district to look forward to. Exclusive new buildings such as Josephine on Stoffellagasse or Grünblick im Viertel Zwei on Meiereistraße, revitalisation pro- jects on old buildings and ongoing district developments such as Nordbahnviertel, Leopoldquartier, and Viertel Zwei Plus provide abundant choice. Leopoldstadt is increasingly developing into a premium location as reflected in the prices; rents and purchase prices in the district have recently risen above the general price level for Vienna. The Second District has been a hive of activity for urbanisation as well. The Albrechtskaserne barracks is due for demolition to make way for the new Vienna police headquarters and a school, and the new mul- tifunctional Sport Arena Vienna is set to be built on Engerthstraße in 2025. Construction on the international long-distance bus terminal is scheduled to start on Handelskai, although this has been delayed; the public transport network in the district will also be expanded. Tramline 18 will be extended by 2026, creating a direct connection between Leopoldstadt and Landstraße. Tramline 12 will create a new and convenient connection between districts 2, 8, 9, and 20.

Migration balance

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 6,850 / m2 € 4,900 / m2

35.4 %

Vienna Leopoldstadt

Other

5.6 %

> 65 years 14.7 %

8.4 %

37.9 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

€ 15.40 / m2 € 12.50 / m2

12.5 %

€ 28,183 € 27,897

Vienna Leopoldstadt

15-24 years

Ø age 40.1 years

Other

Invest. property € 2,300 to € 5,100 / m2

Average age

58.7 %

25-64 years

862 land registry transactions for apartments in 2024 saw purchase prices total around €331.95 million.

41.0

Vienna Leopoldstadt

40.1

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1030 vienna – landstraße

The many facets of Landstraße

Landstraßer Hauptstraße

GRACE Hetzgasse 8 / EHL

Landstraße

Arsenal / EHL

Rochusgasse

Stadtpark

Kardinal-Nagl-Platz

PARK FLATS Elizabeth-T.-Spira- Promenade 4 / EHL

Rennweg

Schlachthausgasse

Erdberg

St. Marx

Quartier Belvedere

Gasometer

PARK FLATS, Elizabeth-T.-Spira- Promenade 4 / EHL

Apostelhof Apostelgasse 25-27 / EHL

St. Marx

HELIO Tower Döblerhofstraße 10 / BUWOG

FACTS Demography

Between tradition and future

Sinus-Milieus ®

Residents

98,398 49,384

upper class traditional milieus central milieus modern lower class

The Landstraße district features a unique balance between his- torical buildings and development projects. Areas such as the em- bassy quarter with its turn-of-the-century buildings and modern high-rise buildings coexist in cosmopolitan residential areas. Between tradition and future – this aptly describes the interplay be- tween historical architecture and innovative development projects dominating the Landstraße district skyline. Development in the Third District shows similar characteristics to neighbouring Leopoldstadt. New residential properties are limited near the city centre with projects focusing on old building restora- tions and attic conversions as well as occasional new buildings in va- cant lots, especially along Rennweg, Schlachthausgasse and around Landstraßer Hauptstraße dominating the picture. The district’s largest development is the Village im Dritten project on the Vienna Beltway, a major improvement to the surrounding area. The Arsenal district development concept is also set to bring a breath of fresh air into the neighbourhood. Various developments such as research, university and cultural centres alongside residen- tial and commercial areas are to reinforce the existing land usage and break up the isolated character of the area. The Arsenal area will serve as a future location for additional university facilities for the Vienna University of Technology and the Academy of Fine Arts.

The new Science City project aims to boost research, development, and innovation. There are also plans to improve accessibility to the area, for instance, by improving public transport connections as well as pedestrian paths and cycle lanes. WH Arena, a multifunctional event hall for around twenty thousand visitors, is another major development project in the area. The pro- ject is set to create a new, striking architectural ensemble in Vienna together with existing architectural landmarks such as T-Center and Marx Halle. There is heavy demand for housing in the district, especially amongst younger target groups attracted by the district’s diversity. The district also has an unusually large share of green space con- sidering its location close to downtown, for example, the botanical gardens and Belvedere palace gardens. Convenient transport connections include the U3 metro, regional railway services, the motorway junction, and the city exit route towards the airport. Some parts of the district still offer space for new projects, but the embassy quarter between Vienna downtown, Rennweg, and Un- gargasse is already densely built up with only enough space left for few developments. These include Das Seidl on Seidlgasse and Der Goldene Phoenix development projects on Radetzkystraße. Housing costs are as varied here as the individual parts of the district due to the price gradient from the northwest to the southeast.

Main residences Persons/household

1.95

Moved in Moved out

+ 14,549 - 12,985 + 1,564

Migration balance

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 6,850 / m2 € 4,950 / m2

37.5 % 35.4 %

Vienna Landstraße

Other

5.2 %

> 65 years 16.1 %

7.1 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

11.3 %

€ 15.70 / m2 € 13.60 / m2

15-24 years

€ 27,897

Vienna Landstraße

Ø age 41.3 years

Other

€ 30,702

Invest. property € 2,000 to € 5,600 / m2

Average age

60.2 %

25-64 years

716 land registry transactions for apartments in 2024 saw purchase prices total around €295 million.

41.3 41.0

Vienna Landstraße

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1040 vienna – wieden

Potpourri of middle-class and hip

TU Karlsplatz

Wiedner Hauptstraße

Schwarzenbergplatz

Karlsplatz

Petzvalgasse 4 / EHL

Taubstummengasse

Schelleingasse 4 / EHL

Leibenfrost- gasse 8 / EHL

Südtiroler Platz

Wiedner Gürtel 62 / BUWOG

FACTS Demography

Hauptbahnhof

Naschmarkt

Sinus-Milieus ®

Petzvalgasse 4 / EHL

Residents

33,155 16,591

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

2,02

Moved in Moved out

+ 5,394 - 5,797

Attractive blend

Migration balance

- 403

Housing prices Owner-occupied First occupancy

The Wieden district has a distinctly middle-class flair as a sought-after residential district, especially around Karlsplatz, Schwarzenbergplatz, and the lower part of Wiedner Haupt- straße. The areas adjacent to downtown near Karlsplatz and the Church of St. Charles are in especially high demand and among the most expen- sive residential areas in the district, but the neighbourhoods further south are beginning to catch up. The part around the Vienna Beltway used to be less popular but is now seeing continuous improvement mainly due to continuous development in the area around the Haupt- bahnhof main railway station. The young cosmopolitan character of the district is especially worth noting. Wieden is also teeming with student life, especially around the University of Technology. The lively Freihausviertel around Schleif- mühlgasse with its many restaurants appeals to a correspondingly younger target group.

This small district located between Vienna downtown and the Haupt- bahnhof main railway station is seeing a slight increase in project development compared to previous years. Apart from revitalising old buildings and converting attics, some of the larger projects can be seen on Petzvalgasse, Wiedner Hauptstraße, and Mommsen- gasse. Some urban modernisations have also been taking place in the district. One example is the Vienna Museum forecourt redesign in Resselpark completed in 2023. Additional seating, trees, and a combined cycle and pedestrian lane enhance the area, revitalising it and encouraging a new level of social interaction in the surrounding neighbourhood. The city authorities have also introduced traffic calming in the Wieden district; Argentinierstraße was converted into a dedicated cycleway, and Wiedner Hauptstraße underwent a comprehensive redesign in 2024. A two-way cycle lane, additional green spaces, and new trees have been laid and planted on a 1.2-kilometre section.

Foreign nationals

€ 7,200 / m2 € 5,450 / m2

36.2 % 35.4 %

Vienna Wieden

Other

4.7 %

> 65 years 17.7 %

6.8 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

11.0 %

€ 16.40 / m2 € 13.90 / m2

15-24 years

€ 27,897

Vienna Wieden

Ø age 42.5 years

Other

€ 31,167

Invest. property € 3,300 to € 5,600 / m2

Average age

59.8 %

25-64 years

188 land registry transactions for apartments in 2024 saw purchase prices total around €92.18 million.

41.0

Vienna Wieden

42.5

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1050 vienna – margareten

Urban cosiness

Kettenbrückengasse 23 / BUWOG

Ramperstorffer- gasse 43 / EHL

Kettenbrückengasse

Pilgramgasse

Margaretenstraße 131-135 / EHL

Margaretengürtel

Schlossquadrat

Matzleinsdorfer Platz

Kohlgasse 47 / EHL

Siebenbrunnengasse 8 / EHL

FACTS Demography

Siebenbrunnen- platz

Margaretenstraße 131-135 / EHL

Sinus-Milieus ®

Viennazeile

Residents

54,400 28,560

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

Trendy Margareten

1.92

Moved in Moved out

+ 8,812 - 9,473

Migration balance

- 661

Margareten is a typical district inside the Vienna Beltway mainly comprising dense development and little in the way of green spaces. Even so, Margareten has still made considerable progress in recent years. There has been a noticeable change especially due to the U-Bahn metro network expansion and associated connection to the U2 metro line. The extension will benefit the district with a metro junction at Pilgramgasse and other stations at Reinprechtsdorfer Straße and Matzleinsdorfer Platz. The recently completed redesign of Reinprechtsdorfer Straße was a key step in improving the district. This project involved planting thirty-two new, large trees and laying spacious green beds with water features and mist columns installed to improve the microcli- mate and cool the air in the summer. Apart from that, wider pave- ments with light-coloured granite flagstones and additional seating areas have significantly improved liveability. The street has also been optimised for cyclists by allowing cycling in two directions on the one-way system. A refurbishment project to modernise Scheupark towards improving the area’s inclusive, family-friendly qualities began in late 2024. An additional cycle route measuring

one and a half kilometres from Viennatal to Matzleinsdorfer Platz is in planning; an 800-metre green cycleway on Kohlgasse forms a central element in this climate-friendly route. The ongoing revitalisation projects in the traditional Viennese grätzel neighbourhoods in the district have led to increasing demand for living space in Margareten. Expectations of significant upgrades to individual locations in major parts of the district have led to acceptance of increased prices, even though apartment prices in the Fifth District are still cheaper than in all the other districts inside the Vienna Beltway. The district offers little scope for new construction due to its dense development. Developers mainly use the few areas for smaller, higher-value construction projects such as the Essenz NO. 1 project on Kettenbrückengasse and one at Grohgasse 10. The few larger construction projects are underway on Wiedner Hauptstraße and on Schönbrunner Straße.

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 5,900 / m2 € 4,800 / m2

35.4 %

Vienna Margareten

Other

4,8 %

> 65 years 14.8 %

6.6 %

42.6 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

12.1 %

€ 14.20 / m2 € 13.00 / m2

15-24 years

€ 25,884 € 27,897

Vienna Margareten

Ø age 40.6 years

Other

Invest. property € 1,800 to € 4,800 / m2

Average age

61.8 %

25-64 years

381 land registry transactions for apartments in 2024 saw purchase prices total around €101.91 million.

41.0

Vienna Margareten

40.6

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1060 vienna – mariahilf

Lifestyle mekka

RAY Gumpendorfer Straße 60 / EHL

Museumsquartier

Mariahilfer Straße

Getreidemarkt

Neubaugasse

Kettenbrückengasse

Zieglergasse

Westbahnhof

Pilgramgasse

Gumpendorfer Straße

Gumpendorfer Straße 121 / EHL

Margaretengürtel

FACTS Demography

RAY, Gumpendorfer Straße 60 / EHL

Mollardgasse 73 / EHL

Kettenbrückengasse

Sinus-Milieus ®

Residents

31,386 16,074

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

Attractive, cosmopolitan residential area

1.95

Moved in Moved out

+ 5,312 - 5,292

Migration balance

+ 20

Located between the Naschmarkt to the south and Mariahilfer Straße, Austria’s best-known shopping street, to the north, the district of Mariahilf is considered a mecca of urban diversity. Mariahilf is home to all kinds of bistros, hip coffee bars, trendy bakeries, and wine shops selling flat whites, sourdough bread, and natural wines to loyal customers. The district’s excellent location also plays a decisive role for many choosing to move there. Everything a city soul could desire can be found within walking distance. Apart from that, one of the main features of the Sixth District is its excellent historical build- ing stock. There are many pretty little alleys and charming pas- sageways with redesigns from recent years such as on Otto-Bau- er-Gasse and Zieglergasse topping it off. Improvements to public space will continue in the coming years, gradually making the district even more liveable. The extensive unsealing and greening project in Christian-Broda-Platz is drawing to a close, providing an attractive entrance to the popular Mariahilfer Straße. The Gumpendorfer Straße redesign and revamp project is due to begin by the end of 2025. The design concept especially focuses

on public transport and extensive greening expected to make the area more attractive and improve its liveability at the same time. Pedestrian zones on Spalowskygasse and on Mittelgasse between Wallgasse and Aegidigasse will increase safety. The excellent public transport services in Mariahilf are especially worth mentioning. Residents currently benefit from four metro lines. The U2/U5 line extension project currently underway will expand the service to five lines in the future. The Sixth District is already densely built up, but there are still new high-quality development projects despite the predominant perimeter block layout from the Wilhelminian era around the turn of the twentieth century. Construction activity in Mariahilf is currently somewhat limited, and focuses mainly on individual refurbishments in existing buildings, attic conversions, and infill development projects. The limited supply of new residential units in this attractive location is also reflected in the prices as is evi- dent in projects such as Hay Joe on Haydngasse, Stadthaus Miller on Millergasse, and RAY on Gumpendorfer Straße.

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 7,050 / m2 € 5,250 / m2

34.6 % 35.4 %

Vienna Mariahilf

Other

5.7 %

4.0 %

> 65 years 16.6 %

6-14 years 0-5 years

11.4 %

Rent First occupancy

15-24 years

Average income (net)

€ 16.20 / m2 € 13.80 / m2

€ 27,897

Vienna Mariahilf

Ø age 42.1 years

Other

€ 29,367

Invest. property € 2,800 to € 6,000 / m2

Average age

62.3 %

25-64 years

162 land registry transactions for apartments in 2024 saw purchase prices total around €76.59 million.

42.1 41.0

Vienna Mariahilf

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

1070 vienna – neubau

Charming and creative

Kaiserstraße 44-46 / EHL

Thaliastraße

Das Bernard Bernardgasse 18 / EHL

Volkstheater

Museums- Quartier

Burggasse-Stadthalle

Neubaugasse

Zieglergasse

Westbahnhof

Seidengasse 39 / EHL

Lindengasse 25 / EHL

FACTS Demography

Lindengasse 60 / BUWOG

Schottenfeldgasse 20 / BUWOG

Neubaugasse

Lindengasse 60 / BUWOG

Sinus-Milieus ®

Residents

31,513 16,976

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

Where Biedermeier and boho life meet

1.85

Moved in Moved out

+ 4,583 - 4,693

Migration balance

- 110

Neubau features a unique combination of art, culture, and cui- sine with the many designer boutiques, galleries, and trendy restaurants and bars lined up one next to the other. Apart from a wide range of culinary styles, the district also boasts Wilhelminian magnificence alongside Biedermeier charm in its architecture. The Seventh District also has some of the most important cultural institutions, combining everything the boho soul could possibly desire. The southern part of Neubau is one of the most sought-after and high-priced areas in the district, especially the historically densely developed Spittelberg. This district has not only gained popular- ity as a gourmet strip, it is also home to cultural highlights such as the Volkstheater and the MuseumsQuartier. There is also high demand for the area around Neubaugasse. Currently still a major underground construction site, the coming years will see a central U2 and U3 public transport hub develop here. This area is also a greatly valued residential area. In general, the demand for housing in the district is high, but the limited supply of land has greatly reduced the number of new residential development projects in

recent years. Like many central districts, development activity is mainly focused on closing gaps, refurbishment projects, and attic expansions such as those on Kaiserstraße, Neustiftgasse, and Bernardgasse. The former Sophienspital hospital grounds are an exception: this is the site of a new urban quarter with around 180 subsidised apartments, retail outlets, educational institutions, and cultural and leisure facilities to be completed by the end of 2025. The densely built Seventh District is not known for extensive parks, but it does benefit from smaller green spaces including true oases of peace and quiet such as Siebensternpark and Gutenbergpark. Resident-friendly redesign and greening plans are also underway in Neubau. The plan is to connect the green spaces at the heart of the district and create a traffic-calmed zone. Bernardgasse is set to become a residential street with a pleasant microclimate and plenty of green space with thirty-seven new trees, water features, and spacious green areas cooling the air in the summer in the alley between the Vienna Beltway and Zieglergasse while also contribut- ing to climate protection.

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 7,300 / m2 € 5,500 / m2

35.4 %

Vienna Neubau

Other

4.2 %

> 65 years 15.9 %

6.0 %

33.1 %

0-5 years

6-14 years

Rent First occupancy

10.9 %

Average income (net)

15-24 years

€ 16.50 / m2 € 14.00 / m2

€ 27,897

Vienna Neubau

Ø age 41.7 years

Other

€ 31,524

Invest. property € 3,700 to € 6,200 / m2

Average age

63.0 %

25-64 years

202 land registry transactions for apartments in 2024 saw purchase prices total around €100.74 million.

41.0

Vienna Neubau

41.7

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

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