Investment Apartment Market Report | Spring 2024

Wiener Neustadt and the south

Wiener Neustadt, by far the largest city in southern Lower Austria, has become one of the hotspots of the investment housing market around Vienna. The importance of the improved transport infrastructure is particularly noticeable here. The expansion of the „Pottendorf Line“ was completed in 2023, which will greatly relieve the chronically overcrowded train connections to Vienna. The completion of the Semmering Base Tunnel, which is expected in a few years‘ time, and the associated significant reduction in travel times to the south, is now also being reflected in ad- ditional interest in Wiener Neustadt as a busi- ness location and thus also in a further boost for the residential market. Wiener Neustadt is

also an important location for universities with continuously growing student numbers. Prices per square meter for investment apartments in Wiener Neustadt are currently between EUR 3,250 and EUR 4,390, while rents for new apartments in good to very good locations range from EUR 10.85 to EUR 12.50/sqm. A number of innovative and sustainably well-de- signed projects are currently on the market, such as the Hero Group‘s „Bella Vita“, where 49 apartments are being built in a sought- after residential location. In NID‘s „KOLL. home“, which has already been completed, apartments are for sale directly in the center of Wiener Neustadt. There is also strong demand in the district of Mödling, which

borders directly on the south of Vienna. In the most expensive locations such as Perchtolds- dorf or Hinterbrühl, demand is dominated by owner-occupiers due to the high price level, but attractive projects are also coming onto the market time and again for investors. This is even more the case in the town of Baden further south, where the above-mentioned expansion of the Pottendorf line has also increased the potential of some neighboring towns such as Ebreichsdorf. Depending on the quality of the property and its location, prices per square meter for investment apartments range between EUR 4,650 and EUR 5,250.