Overview of Vienna’s Districts
9., Alsergrund
The Alsergrund was also unable to disengage from the general market climate. The transaction volume was low, and peak prices declined further by roughly five per cent. New impulses for the market should materialise next year from the partial opening of the U5 underground line, and the “Campus Althangrund” could evolve into a hot spot for Vienna as a university city over the medium term.
With only ten transactions (including investment property shares) for a total of 40.5 million Euros in 2024, the 9th District recorded a slight year-on-year increase but remained below the regular market volume and clearly below its much smaller neighbour, the Josefstadt. No single trans- action touched the 10 million mark, but this threshold was almost reached by the sale of a property on Schwarzspanier Strasse for 9.5 million Euros. The market has also been relatively quiet to date in 2025. Purchase prices mainly range from 3,000 to 4,000 Euros/sqm, and up to 5,000 Euros/sqm are realistic for very good properties at top locations near the inner city. The buyers are primarily private, and the 9th District has traditionally been a popular investment target. Long-term value appreciation and not only economic aspects play a central role for this investor group, which can find numerous archi- tecturally interesting properties in the district, often near prestigious palaces. This interest remains unbroken in spite of the recent market weakness. The partial opening of the U5 underground line, which is planned for 2026, will start at
the Frankhplatz station in the Alsergrund and unquestionably fuel investor interest. However, a significant price effect near the new line is no longer expected. A stronger influence, however, could come from greater public perception of the still fairly unnoticed “Campus Althangrund” on the former grounds of Vienna Economics University. This ambitious concept calls for the creation of training and educational facilities with jobs for several thousand people starting in 2030 and will include expansive open areas. It will also drive the demand for high-quality housing, gastrono- my and retail space in the northern section of the district. In the “medical quarter” surrounding Vienna General Hospital, experts are predicting a greater demand for doctors’ offices and clinic space in the coming years due to the planned changes in the registered doctors’ sector. EHL Top Tip: Serviten Quarter The Serviten quarter is a small world of its own with a village character on the border to the inner city. A lively gastronomy, cultural and business scene as well as the influx of numerous companies in creative businesses have made the area between the
Porzellangasse, Pramergasse and Rossauer Lände one of the city’s most popular urbane residential locations. From an investment viewpoint, the very high apartment prices – which range from 8,000 to 12,000 Euros/ sqm (excluding penthouses up to almost 18,000 Euros/sqm) – are interesting. Banks are expected to market a number of proper- ties in this area in the near term which will offer sound earnings prospects, above all for the separation and sale of apartments.
Alsergrund
Investment prop. prices 2,800 to 5,000 EUR/sqm
Prime Yields
2.0 to 3.4 %
Monthly rents (net) in EUR/sqm
Apartments
Ø 15.25
Offices
12.00 to 20.00
Retail space A locations
15 to 30
Retail space B locations
8 to 16
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Investment Property Report
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