Overview of Vienna’s Districts
4., Wieden
Vienna‘s investment property market set new turnover records year for year, but Wieden remained a comparative- ly unspectacular market with relatively few transactions. In contrast, there were a number of remarkable closings here during 2024 in spite of the generally unfavourable market conditions.
A high quality of life and excellent building stock have traditionally made Wieden one of the city’s prime investment property markets. This
cle boulevards and the adaptation of the Funkhaus, Austria’s former radio station building, for housing, a hotel and creative professions.
between the Vienna University of Technolo- gy and the Waaggasse. Extensive greening and unsealing meas- ures have noticeably increased the value of the quarter and excellent properties are coming on the market. The high housing prices of 5,450 to 7,200 Euros/sqm are particularly important for investors and lead to very attractive alternatives for property utilisation through the separation and sale of units.
small, centrally located district also produced impressive results in 2024
The conversion of the Ar- gentinier Strasse into one of the city’s most important bicycle boulevards has gen- erated additional attention.
Two of the three largest transactions in the district were realised in the Argenti- nierstrasse and intersecting Theresianum- gasse. Other
and, with a transaction
volume of more than 72 million Euros, outpaced many of the high
Wieden
turnover districts. Prices have therefore remained relatively stable and, conse- quently, these sound results were achieved with a limited number of transactions. The district’s structural advantages are many and include close proximity to the green oasis on the Belvedere Palace grounds, the Central Railway Station, the urban hot spot at the Naschmarkt open- air market and the prestigious embassy quarter along Prinz Eugen Strasse. Extra attention has also been generated by the recent conversion of the Argentinierstrasse into one of the city’s most important bicy-
major closings took place in the Prinz Eugen Strasse and Kettenbrückengasse. Market activity has basically shifted towards central locations, while the Central Railway Station and Sonnwend quarter, which previously served as a source of strong impulses for the district areas near the beltway, presently play a less important role for investors. EHL Top Tip: Wiedner Hauptstrasse/ Waaggasse Especially good perspectives can be found in the areas closer to the central traffic intersection at Wiedner Hauptstrasse
Investment prop. prices 3,300 to 5,600 EUR/sqm
Prime Yields
2.0 to 3.4 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 15.15
Offices
12.00 to 21.00
Retail space A locations
15 to 30
Retail space B locations
5 to 12
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Investment Property Report
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