Overview of Vienna’s Districts
3., Landstrasse
The investment property market in the bourgeois Land- strasse district stabilised at a modest level in 2024 and 2025. The transaction volume has started to rise slightly but prices have still not recovered and, even at the most attractive locations, buyer interest remains limited.
The Landstrasse is definitely one of the most attractive residential areas in Vienna with its excellent building stock and impressive embassy quarter. More recent advantages include the nearby Central Railway Station and short travelling time to Vienna International Airport via public transport or auto. These benefits have received little attention in today’s difficult market climate, but give the district great potential over the medium and long term. This standing is underscored by the many attractive new construction projects that were completed in recent years. The latest in the series, which also includes the Triiiple, The Marks or Das Ensemble, is the Village im Dritten on the Landstrasser beltway with a secondary school and other educational facilities that will also improve the urban infrastructure. Market activity revived during the previous year after a strong slump in 2023. Thirteen properties and numerous investment prop- erty shares were sold for a total market volume of nearly 60 million Euros. The most important transaction by far was the purchase of a property in the Gigergasse, directly at the Wien Mitte transport hub, for 12 million Euros.
There was little change in prices from 2023 to 2024 and the first quarter of 2025. Square metre prices for most transactions amount to roughly 2,500 Euros, while prime locations on the border to the inner city recently brought close to 4,000 Euros. Residential property yields usually range from 3.0 to 3.5 per cent, whereby the ab- solute top yield of less than 2.5 per cent for a single transaction is not representative. The sale of a property in the Neulinggasse that is mainly used for offices was based on a possible yield of 5.5 per cent, but the transaction was still not finalised by the editorial deadline for this report. The outlook for the Landstrasse is, in any case, positive. Its attractiveness as a resi- dential location and the district’s excellent reputation lead to forecasts for above-av- erage growth. In addition, the value of the older buildings in the adjacent areas has been increased by several high-quality new construction projects. EHL Top Tip: The “not-so-good“ side of the Rochus market The high-priced prime locations along the Landstrasse from Wien Mitte to the Rochus market have little potential for value appreciation over the near term.
The outlook is much more attractive moving towards the outskirts of the city from the Rochus market to the Schlachthausgasse. Acquisition prices of roughly 3,000 Euros for investment properties and square metre prices of up to 8,000 Euros for condomin- iums make excellent investments possible given the necessary vacancies and limited lease terms.
Landstrasse
Investment prop. prices 2,000 to 5,600 EUR/sqm
Prime Yields
2.0 to 3.5 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 14.65
Offices
12.00 to 20.00
Retail space A locations
20 to 50
Retail space B locations
8 to 17
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Investment Property Report
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