First Vienna Residential Market Report 2025

1100 vienna – favoriten

37

A cultural mecca

Maja Gudrunstraße 120 / EHL

Südtiroler Platz

Hauptbahnhof

Keplerplatz

Reumannplatz

Kurpark Oberlaa

Troststraße

Altes Landgut

Gombrichgasse 3 / BUWOG

Alaudagasse

TEN Living Feßlergasse 14-16 / EHL

Neulaa

Oberlaa

FACTS Demography DECK ZEHN Laxenburger Straße 2 / BUWOG

Amalienbad

DECK ZEHN, Laxenburger Straße 2 / BUWOG

UNTERLAA 151 Klederinger Straße 151 / EHL

Sinus-Milieus ®

Residents

220,324 98,554

upper class traditional milieus central milieus modern lower class

Between urban development and Supergrätzel

Main residences Persons/household

2.21

Moved in Moved out

+ 26,575 - 25,128

Located in the south of Vienna, Favoriten is a district in transi- tion. Once a traditional working-class district with a distinctly industrial character, the Tenth District has been in a dynamic transition for a number of years. Although Favoriten is often associated with prejudices and the dominant image of large public housing estates, a closer look at the district reveals its diversity and variety. Favoriten is worth a second glance to appreciate its diversity. The district is a fascinating blend of busy shopping streets and markets serving as lively places to meet for a variety of cultures, offering green oases such as Viennaerberg and almost village- like Oberlaa presenting a quiet, family-friendly side. Well-known locations such as the former Ankerbrotfabrik bread factory, the modern Hotel Schani, the magnificent Amalienbad indoor swim- ming pool and the iconic Tichy ice cream parlour enjoy huge popularity far beyond the borders of Favoriten. Favoriten is one of Vienna’s districts with especially high numbers of urban development areas, the highest volume of infill develop- ment, and the greatest number of new residential projects.

Projects such as DECK ZEHN on Laxenburger Straße, Mi Living on Josef-Deutsch-Straße, and B.R.I.O. – Alles auf Schiene on Landgutgasse line the railway tracks. The current urban development areas also reflect the district’s di- verse potential. The area within the Verteilerkreis Favoriten roun- dabout known as Altes Landgut has mainly been used as a transit point, parking facility, and storage area up to now. The current plan is to exploit the full potential of this location. A climate- friendly neighbourhood, or grätzel , centre has been planned to replace the uninviting site in the district. The aim is to transform the area into a showcase project of modern and sustainable ur- ban planning while also providing an attractive place to meet for the community. The former Siemens site is under development as a new, diverse urban quarter with a high proportion of green space. This new neighbourhood connects the Sonnwendviertel quarter to the Bohemian Prater. The development involves 1,100 new apartments on what was previously a strictly commercial site. The pioneering climate protection quarters of RothNEUsiedl, Oberlaa, and Unterlaa will also be seeing further development.

Migration balance

+ 1,447

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 5,600 / m2 € 3,900 / m2

35.4 %

Vienna Favoriten

Other

6.6 %

> 65 years 15.0 %

9.4 %

43.7 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

€ 14.50 / m2 € 11.60 / m2

12.1 %

€ 27,897

Vienna Favoriten

15-24 years

Ø age 39.7 years

Other

€ 23,958

Invest. property € 1,400 to € 3,200 / m2

Average age

56.7 %

25-64 years

752 land registry transactions for apartments in 2024 saw purchase prices total around €179.58 million.

41.0

Vienna Favoriten

39.7

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025

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