First Vienna Residential Market Report 2024

From tenement to upmarket neighbourhood

Pötzleinsdorfer Schlosspark

Park Suites, Hockegasse 49 / EHL

Where trend and tradition come together

The main characteristic of the Eighteenth District is its attractive- ness as a residential location. Währing takes a clear lead in the Vienna rankings. This has a variety of reasons: alongside Hietzing and Döbling, Währing is one of Vienna’s traditional green districts offering plenty of open space for outdoor recreation. The many educational institutions contribute to a family-friendly atmos- phere, as do the excellent public transport connections to Vienna downtown. In a way, Währing offers the best of both worlds: in terms of population numbers, Währing is the smallest of all districts outside the Vienna Beltway, giving some parts of the district a remarkably peaceful and dignified living atmosphere. The Eighteenth District also has many city parks such as Türkenschanzpark, Pötzleinsdorfer Schlosspark, and Währinger Park, offering a wide variety of local recreation areas. Even so, the area around Kutschkermarkt is still a lively traditional Viennese neighbourhood attracting a diverse range of people with its many stores, shops, boutiques as well as restaurants and cafés. The district’s residential locations also pro- vide a blend of trend and tradition. The many single-family homes as well as large and small villas in the northern and western parts contrast with the Wilhelminian houses and closed building blocks around the Vienna Beltway at the centre of the district. Both

aspects of the district are in high demand as residential areas, but the Eighteenth District still serves rather a narrow target group due to its high housing prices. The area around the Kutschkermarkt has been a “Bobo” paradise for several years with the Kreuzgassenviertel quarter and the area between Gentzgasse and Aumannplatz providing a cheerful mix of restaurants, traditional bakeries, and boutiques. Home seekers will not be spoiled for choice here, but the quality is excellent. Smaller high-quality projects are underway closer to the centre such as on Staudgasse, Währinger Straße, Martinstraße, and Schopenhauerstraße. There are also projects further out of town on Gersthofer Straße and Hockegasse. Public spaces in the district are also growing: last year has seen the popular Kutschkermarkt as well as Gersthofer Platz under- go a makeover. The aim was to expand on local amenities with more trees and active mobility options around the market, transforming the area into a traffic-calmed and climate-friendly neighbourhood. Schulgasse has also been revitalised into a cycle-friendly street, closing a major gap in the existing cycleway along the Vienna Beltway.

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