1010 vienna – innere stadt
19
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
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