First Vienna Residential Market Report 2025

1160 vienna – ottakring

Cultural melting pot

Schloss Wilhelminenberg

16er Melange Seeböckgasse 39 / EHL

Brunnenmarkt

Hernals

Yppenplatz

Alser Straße

Ottakring

Josefstädter Straße

Thaliastraße

Kendlerstraße

Stadtvillen Wilhelminenberg Erdbrustgasse 31 / EHL

Yppenmarkt

FACTS Demography

Gablenzgasse 60-60a / BUWOG

Roseggergasse 2-8 / EHL

Sinus-Milieus ®

Multifaceted and suburban

Residents

102,770 50,806

upper class traditional milieus central milieus modern lower class

Main residences Persons/household

2.01

Moved in Moved out

+ 14,572 - 14,329

Ottakring is a blend of cultures as reflected in its diverse pop- ulation. The district stretches from the Vienna Woods in the west to the Vienna Beltway in the east, and has more to offer than you might find in many a small town. The Sixteenth District has a lot to offer – Brunnenmarkt, a great place to discover a variety of culinary specialities from around the world, meets the vibrant nightlife of Ottakringer Straße. The Vien- na Woods on the western edge of Ottakring offer plenty of lush greenery, hiking trails, and a panoramic view over the city from 449 metres up on Wilhelminenberg, the district’s „local hill“. Residential areas and housing prices in the Sixteenth District can also be described as diverse. Some of the streets still reflect their traditional working-class history, but there are also attractive residential neighbourhoods in many parts of the district. Prices per square metre around Ottakringer Straße are still relatively mod- erate, whereas real estate prices on Wilhelminenberg range from above average to exorbitant. Whichever way, the housing market in the district has been undergoing favourable development throughout; recent years have seen many new projects emerge, especially near the U3 metro line. Development is especially

intense between Gallitzinstraße and Erdbrustgasse on Wilhelmi- nenberg with projects such as Stadtvillen Wilhelminenberg. New projects are also emerging around the U3 Kendlerstraße station on Huttengasse and at Roseggergasse 2-8 with infill development at Ottakringer Straße 26 amongst other locations. Ottakring’s excel- lent infrastructure with the U3 and U6 metro lines, regional railway services, and many bus and tram connections has kept demand for residential housing consistently high all over the district. The streets of the district have also been evolving; a greening offensive involving a restoration campaign for the high streets includes tree planting and seating set to boost the district’s attractiveness even further. The Thaliastraße revitalisation project is almost complete, and Seeböckgasse will be converted into a green cycleway by the end of 2025. A slew of ideas for refurbish- ing Alt-Ottakring are also in the works. Refurbishment planning focuses on the historical centre of Alt-Ottakring between the Stadtbahnbögen railway arches and Sandleitengasse. This is the heart of the traditional Viennese grätzel neighbourhood. The ini- tiative aims to keep all the projects coordinated so as to improve quality of life and climate protection in residential areas.

Migration balance

+ 243

Housing prices Owner-occupied First occupancy

Foreign nationals

€ 5,750 / m2 € 4,000 / m2

35.4 %

Vienna Ottakring

Other

5.3 %

> 65 years 16.1 %

7.9 %

40.6 %

0-5 years

6-14 years

Rent First occupancy

Average income (net)

€ 13.90 / m2 € 12.50 / m2

11.6 %

€ 25,009 € 27,897

Vienna Ottakring

15-24 years

Ø age 41.3 years

Other

Invest. property € 1,600 to € 2,800 / m2

Average age

59.1 %

25-64 years

540 land registry transactions for apartments in 2024 saw purchase prices total around €137.74 million.

41.3 41.0

Vienna Ottakring

FIRST VIENNA RESIDENTIAL MARKET REPORT 2025