First Vienna Residential Market Report 2024

Perfect connections

Concordia Schlössl

ARROW, Mailergasse 21 / EHL

City living on the edge and in the midst of it all

Long residential streets, plenty of grassland, and both tradi- tional and increasingly modern industrial companies in the midst of it all – this would be a superficial description of the Eleventh District. However, Simmering has been undergoing a transition over the past few years. The wide-open spaces have attracted many private developers with several large new developments and trendy residential areas emerging in recent years. The housing market in the Eleventh District shows plenty of po- tential: current development hotspots are located in the Erdberg area and along Simmeringer Hauptstraße. Ambitious plans also exist for Kaiserebersdorf; a district development plan is currently under development. Projects such as HALLER on Hallergasse, Simmeringer Hauptstraße 89, and My Lory on Lorystraße have recently been completed while Kobelgasse 9, Im Biedermeierhof on Mautner-Markhof-Gasse, and com11.3 at Rosa-Jochmann-Ring

12-16 are currently under construction. Price developments have not yet followed the increased demand for living space in most cases. Average residential prices in Simmering are still well below average and do not always reflect the objective qualities of the location. The district has also been gaining a reputation for urban develop- ment with the Heidemarie Lex-Nalis educational campus at Rappachgasse 44, a state-of-the-art educational centre for around 825 children. The area to the west and south of the gasometer is still under development. Bricolage City is set to become a diverse, urban, lively new district optimised for working and living together as a community. Apart from structural development, the plans especially focus on further development and improvement in public spaces for the area to meet requirements for future use. The Zentralpark will form the centrepiece and improve the area’s living quality in general with a new green zone.

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