First Vienna Residential Market Report 2024

Hotspot outside the Vienna Beltway

Markgraf-Rüdiger-Straße

Turnergasse 9 / BUWOG

Creative and multicultural

The Fifteenth District lies outside the Vienna Beltway and counts as one of the outer districts according to the usual definition, but its heavy development almost brings it in line with the downtown districts. The district benefits from a compelling location with downtown at least as quick to reach as the outskirts, and, above all, the ideal connections – especially with three metro lines (U3, U4, and U6), regional and intercity trains. Rudolfsheim-Fünfhaus has been in transformation for a while; the district is not only young and multicultural, but is also becoming popular and hip due to its location and the recent revitalisation projects in some of the traditional Viennese grätzel neighbour- hoods. This contributes to the increase in demand for housing, as do the still relatively affordable housing prices. Construction activities currently comprise gradual renovation and expansion work on the many ageing apartment buildings. Examples include Secret Garden on Dingelstedtgasse and Beim Schlosseingang on Sechshauser Straße. However, there are also great new building projects such as Lilie on Rauchfangkehrergasse and ONE-O-ONE LIVING on Hütteldorfer Straße.

There is also plenty happening in the way of urban develop- ment in the Fifteenth District. Several revitalisation projects have been planned for the district after the successful Westbahnhof railway station revitalisation, a project that has gained attention beyond the district borders for its rich variety of opportunities for shopping and eating out. Äußere Mariahilfer Straße is to be redesigned as a one-way street for outbound motorised traffic. After the redesign, the street will have a structurally separate two-way cycle path for cyclists and pedestrians, while pedestri- ans will benefit from widened pavements with trees and greenery providing shade. The Mitte 15 urban development plan was launched to create more green space in the district: the project area extends from Märzstraße to the north to Mariahilfer Straße and Linzer Straße to the south, and from the Neubaugürtel section of the Vienna Beltway to the east to Rumpfgasse to the west. The project focuses on creating and improving green and open spaces, reducing the railway barrier effect, and on climate protection and adaptation to climate change.

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