Investment Apartment Market Report | Spring 2024

Vienna environs / Lower Austria

In recent years, the immediate and now somewhat wider surroundings of the federal capital have established themselves as an attractive investment housing market. The proportion of privately financed residential construction has risen continuously and the sometimes very significant population growth - as the growth rates of many surrounding municipalities are significantly higher than in Vienna - ensures a sustained, structural need for additional living space.

The most important drivers of the market are demographic developments and the expansion of infrastructure. As a result, it is also becoming increasingly attractive to the Viennese, who expect a higher quality of life in the countryside in smaller towns and also want to benefit from the slightly lower price level. But the surrounding area is also an attractive place to live for people from peri- pheral parts of the country who find work in the metropolis, creating a symbiosis between proximity to the workplace and yet not quite living in the big city. Equally important is the

improved transport connection to Vienna. The Railjet has brought cities such as Wiener Neustadt and St. Pölten within a good 20 minutes of Vienna, while the rural Tullnerfeld is less than 15 minutes away. Additional S-Bahn trains and, in the north, the subway trains extended to the outskirts of the city also contribute to the fact that Vienna‘s city center can now be reached at least as quickly from some of the surrounding communities as from less well-connected parts of Vienna‘s outlying districts.

Ackergasse 14 2700 Viennaer Neustadt

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