Overview of Vienna’s Districts
2., Leopoldstadt 20., Brigittenau
The “island“ between the Danube Canal and Dan- ube River is currently overshadowed by a very weak market phase. Major urban development projects like the North Railway Station, Northwest Railway Station and Waterfront have been unable to gener- ate any key impulses.
Leopoldstadt
Investment prop. prices 2,300 to 5,100 EUR/sqm
Prime Yields
2.0 to 3.4 %
Monthly rents (net) in EUR/sqm
The neighbouring districts of Leopoldstadt and Brigittenau have, for good reason, been considered one of the most promising investment property locations in Vienna for many years. Close proximity to the inner city, several underground lines with perfect transport connections, and extensive ur- ban development areas in the heart of the district together with the high recreational value created by the nearby Danube River and Prater give this market a high upward potential. In addition, the problematic image of the central Praterstern area as a high-crime zone has recovered considera- bly in recent years. Buyers’ interest remains low, but the Leopoldstadt registered slight progress in 2024 after a difficult year in 2023. The transaction volume has increased and prices have at least stabilised with a slight upward shift. The main market players are developers who revitalise and adapt properties for the upscale price segment. Compared with the top values from 2022, the decline – with substantial location-based differences – averages
roughly 30 per cent and recovery from the 2023 low point has been slow. Any improvement has also been reduced by the difficult financial situation facing numerous investors who were previously active in the Leopoldstadt and their subsequent retreat from the market. A certain revival is anticipated during and after 2025, among others because banks will be marketing properties from distressed loans. However, a notable upward trend in prices appears to be only possible with some delay. EHL Top Tip: Between Schüttelstrasse and Prater The residential locations north of the Prater are witnessing a genuine boom due to the U2 underground line and wide-ranging urban development projects, while the southern belts up to the Schüttelstrasse have received less attention. This is unnecessary because the surrounding areas – close to the most extensive inner city green zones and the Danube Canal – together with the nearby city centre give this quarter impressive potential.
Apartments
Ø 13.95
Offices
11.00 to 19.00
Retail space A locations
13 to 28
Retail space B locations
5 to 15
Brigittenau
Investment prop. prices 1,600 to 3,000 EUR/sqm
Prime Yields
2.7 to 3.8 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 13.10
Offices
11.00 to 18.00
Retail space A locations
10 to 23
Retail space B locations
5 to 13
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Investment Property Report
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