The Vienna Suburbs
Vienna’s suburbs are booming: Excellent traffic connections and attractive real es- tate prices make these regions sought-after locations. Conditions are ideal for investors who want to benefit from stable growth and sound demand.
Vienna’s steady growth and the continu- ous expansion of the infrastructure are gradually blurring the borders between the capital city and surrounding area. A home in Vienna‘s suburbs no longer means a lengthy commute. In contrast, the travelling time from the suburbs to the city centre is now comparable to commuting within the Vienna city limits due to the excellent traffic connections. This development has led to steadily grow- ing demand for housing in the surrounding regions. Developers have recognised this potential and have turned their focus to the creation of new housing along the city limits. The advantage: Low land prices also make the selling prices more attractive.
Newly built apartments can still be pur- chased for only slightly over 4,000 Euros/ sqm, which make yields of up to 4 % possi- ble, and rents range from 11.00 to 13.50 Euros net/sqm. Despite the moderate rise in purchase prices compared with the cap- ital city, stronger value appreciation can be expected in the future – and that makes the market very attractive for investors. The trends in Vienna’s suburbs underscore one point: Anyone who invests now can se- cure attractive entry prices as well as sustain- able value appreciation and solid yields. In view of the positive market momentum and steady growth in demand, one thing is clear: The Vienna suburbs are no longer an insider tip but a wise strategic choice for investors.
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