First Vienna Residential Market Report 2024

Noblesse par excellence

Kahlenberg

hidden garden, Pyrkergasse 25 / EHL

Villa areas, wine taverns, amazing views Located in the north of Vienna, bordering the hills of the Vienna Woods, Döbling benefits from generous green space and breathtaking views over the city as well as from urban districts such as Sonnbergplatz and Obkirchergasse with their trendy cafés and hip bakeries. The district also has tradition- al wine-tavern suburbs such as Neustift, Sievering, Grinzing, and Nussdorf, which have kept their village charm even with the busy construction activity. Vienna’s most famous uptown district is popular for a wide variety of reasons.

wartesteig, Rebenblick at Neustift am Walde, and Der Goldene Storch on Iglaseegasse. There are also plans to demolish the vacant telephone exchange on the Grinzinger Straße 107 plot, and construct a residential building in its place. Heiligenstadt is less exclusive, but it does have excellent public transport connections. This part of the district features public and association housing. This is the location of Karl-Marx-Hof, which is not only the longest continuous residential building in the world at 1,050 metres, but is also symbolic of Vienna’s public housing. The area around Heiligenstadt is also in transition. This includes the Muthgasse quarter, the site of an emerging urban climate-friendly commercial estate with residential quality. Recent years have seen around three hundred companies settle here; more projects to provide space for living, working, and learning are planned for the near future. The educational infrastructure in the district is also undergo- ing further development with the existing elementary school at Grinzinger Straße 88 to be enlarged and expanded into a school with day care. The aim of this project is to improve the district’s coverage of social infrastructure requirements.

The Nineteenth District is an extremely sought-after residential address in Vienna. Anyone aiming to live here will usually face significantly higher prices compared to other districts. This especially applies to the villa areas in Sievering and Oberdöbling as well as the various wine-tavern suburbs. Residential prices per square metre are also constantly increasing in the more urban parts of the district such as those near the major traffic axes on Döblinger Hauptstraße, Krottenbachstraße, and Billrothstraße. Residential development activity in the district focuses strongly on many small-scale, mostly very high-quality projects: apart from loft conversions and renovation projects, most of the construction projects here are smaller in scale such as Am Bergblick on Donau-

Powered by