Overview of Vienna’s Districts
8., Josefstadt
The investment property market in the small, but extreme- ly exclusive Josefstadt again proved to be very crisis resist- ant in 2024. Price declines were substantially lower than in the neighbouring districts and transactions continued on a regular basis.
EHL Top Tip: Bennogasse/Benno Square
The 8th District in Vienna is the perfect ex- ample of a traditional, bourgeois residential location in Vienna. It differs clearly from the adjacent Neubau, a characteristic that is also reflected in the investment property market. Developers play a much smaller role here, while there is extensive activity by private foundations and family offices that are looking for long-term investments with a solid potential for value appreciation and a certain prestige factor.
inner city between the Zweierlinie, a street running parallel to the ring road, and the Piaristengasse. In this densely populated district, meas- ures in support of greening and traffic control are particularly noticeable. Projects along the Josefstädter Strasse and Lange Gasse will continue this year and in 2026 with extensive greening and unsealing along the Albertgasse – Josef Matthias Hauer Square -
Prices in the district neighbourhoods closer to the beltway lag behind the more central locations, even though the distance to the inner city via streets like the Bennogasse is only one kilometre. Other positive factors include the short distance to the underground and the increased attractiveness of the Albertgasse. All in all, the coming years see substantially better development in this area than in the rest of the district.
Market activity recovered in 2024 based on purchase prices of 3,500 to 5,300 Euros/ sqm and yields wit ha median
Skodagasse axis. Traffic reduction, for example in the Pfeilgasse which crosses most of the district, helps to improve housing
Private foundations and family offices can find attractive properties in the Josefstadt.“
Josefstadt
Investment prop. prices 3,500 to 5,300 EUR/sqm
Prime Yields
1.8 to 3.0 %
of about three percent. That represents a year-on-year increase of 80 per cent and almost reaches the 2022 level. The largest transaction involved the sale of a property at Friedrich Schmidt Square on the border to the 1st District by Ermione to an Aus- trian private foundation. Ten transactions with investment properties and related shares generated over 55 million Euros, and the first months of 2025 increased this volume by a further 15 million Euros. Business focused on locations near the
and the quality of life and will also contrib- ute to an increase in apartment prices over the medium term. The scheduled completion of the U5 underground section between Frankhplatz and Karlsplatz in 2026 and the end of the major construction site near the Rathaus will produce impulses for prime locations close to the inner city. However, a further significant impact is rather unlikely in this already attractive urban quarter.
Monthly rents (net) in EUR/sqm
Apartments
Ø 15.45
Offices
12.00 to 20.00
Retail space A locations
13 to 28
Retail space B locations
8 to 15
44
Investment Property Report
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