First Vienna Residential Market Report 2024

ownership structure

09

Vienna’s housing market has an unusual distribution of ownership in contrast to Austria’s other eight federal states. Just over three-quarters, or 75.5 percent, of main residences totalling around 969,229 are rental apartments. Nearly half of these rental properties, around 56 percent, are owned by the City of Vienna or non-profit building associations, and, as such, take up a major part of the capital’s social housing.

The percentage of owner-occupied apartments in Vienna corresponds to the national average, but this type of housing is less common on the Vienna market. Single- family homes are in high demand across the country but are less represented in Vienna due to the urban setting.

Housing stock 2023

Austria

Vienna

Absolute figures

Absolute figures

4,067,500

969,229

Total apartments as main residence

1,490,739

51,369

Owner-occupied houses

467,763

136,661 731,768 202,569 210,323 318,876

Owner-occupied apartments

1,716,485 276,590 681,306

Rented

Social housing

Cooperative housing

758,589

Other rentals

392,514

49,431

Other

Source: Statistics Austria, deviations possible due to rounding differences

FIRST VIENNA RESIDENTIAL MARKET REPORT 2024

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