Food in Vienna This Is What Vienna Eats

1st Edition – 2020

#The residentialVienna market magazine powered by OTTO Immobilien

With free guide

Tips 25 for selling your property True Values Why apartments in Vienna are a good investment

Viennese Property Atlas Facts and figures about all 23 districts

7 € 8.80 Typically Viennese 06655 7 Viennese people reveal their favourite neighbourhoods 978-3-200-06655- 78320 0 ISBN 9

Viennese Wonder Bread How real bakers are vital to the city Loving real estate since 1956.

www.otto.at/en Editorial

12.4 million. That’s how many results Instagram finds when you search for#Vienna. A 100-page magazine. That – and so much more – is how much content we lovingly and thoughtfully produce when my team and I reflect on our city. We discussed the unique quality of life in Vienna. The historical and modern aspects of our metropolis. Security, education and healthcare. Parks, playgrounds and shared spaces. The Viennese and Vienna’s visitors. What’s more, our research team spent over two years carrying out an in-depth analysis of the residential market.

The results are now in your hands: a new magazine about living and life in Vienna! The latest facts about purchase and rental prices in Vienna complete with an overview of the most important new construction projects – including those of our competitors. But above all, this is a magazine that goes beyond facts and figures.

Our family business has been active in the Viennese market for over sixty years and we have over twenty years’ experience of writing well-researched market reports about offices, villas, investments and retail in Vienna. Thanks to the ever encouraging and always positive feedback, we have now created this brand-new magazine. I am thoroughly convinced that the Viennese lifestyle and an affection for the city and its neighbourhoods is as important to our national and international clients as information about purchase and rental prices. Which is why #Vienna links exciting market analyses with face-to-face interviews, precisely compiled district comparisons featuring important trends, portraits of typically Viennese people sharing their typically Viennese places – and great insider tips for each of Vienna’s twenty-three districts.

Happy reading! Hopefully our passion for my hometown will be infectious and make you (even more of) a fan of Vienna – a city with countless strengths and secrets that is simultaneously a unique metropolis of international standing.

Yours sincerely,

Dr. Eugen Otto, Editor [email protected] Photo: Christian Chitsazan Cover Illustration: Bomboland Illustration: Chitsazan Cover Christian Photo: Contents

Typically Viennese Typical Vienna Seven very Viennese people’s views of their favourite districts. 6

Daily Bread: The Comeback Bread is not just being eaten again, it’s being baked properly, too – with sourdough and in 28 a wood-fired oven.

Food Trends Gourmet hotspot: Vienna is 34 at the top table alongside the world’s culinary capitals. Photos: Christian Steinbrenner, Gragger & Cie, ZOOM VP True Values More than just a roof over your head: why buying property in Vienna means buying a piece of the metropolis.

Shout It from 18 the Rooftops 38 Made it to the top: Interview with a penthouse, rooftop 44 IMMOunited founder Roland pool and leafy views. Schmid about price transparency The new projects. on the housing market.

Column The famous Viennese author 98 Dietmar Grieser about his involuntary apartment hunt. 48 The Great Viennese Property Atlas Detailed information at district level: the latest facts and figures about Vienna’s residential market by OTTO Immobilien. 6 TYPICALLY VIENNESE

ST STEPHEN’S CATHEDRAL. Vienna’s centre’s centre. Its head, Toni Faber, is a passionate networker and sees himself as the village priest of the inner city.

IN THE HOOD Typically Viennese Typical Vienna

By Nina Glatzel Photos Chris Steinbrenner

The cathedral pastor and the brewery boss, the pharmacist and the music expert, the food critic, the winegrower and two sisters of a shoe dynasty: typically Viennese people tell us about their favourite Viennese districts. 7

IN THE FIRST. Toni Faber’s favourite se- cular places (clockwise): TONI FABER Burggarten park, Motto Cathedral Pastor am Fluss and Judenplatz.

e’s been to the top of the spire at leastH fifty-five times. His favourite place is the baptistry at the foot of the south spire. In 1997, at the age of just thirty-five, Toni Fa- ber became the youngest cathedral pastor in the history of St Stephen’s. He is at the helm of Vienna’s number-one tourist attraction: St Stephen’s Cathedral, which records a stagger ing 6.2 million visitors a year. Toni opened the cathedral doors to modern art and aims to present the Church as ‘real, human and as an equal’. He is on the same familiar terms with the disadvantaged as he is with business Toni Faber is both intermediary and net- bosses, politicians and local heroes. ‘After so worker. He has professional and personal ties many years, I feel like a village priest in the with his high-profile neighbours. Each year city centre,’ he said. He never has an appoint- 1 he blesses 150 business, bar, shop and restau- ment without children running after him or rant openings, a ceremony for which demand passers-by asking him for a selfie. ‘It is a great ‘has grown tremendously’. Toni Faber’s pre- gift to be able to live and work here and to ferred places are in the centre’s lofty heights. play an influential part in city life.’ The rooftop bars at the Ritz-Carlton and Toni Faber is very much involved in his Lamée hotels are among his favourites. ‘I love district’s politics. With city councillors he dis- to be in places where I can still see the cathe- cusses topics like traffic calming, more green dral’s spire.’ The narrow lanes of the old town areas and the influx of tourists. ‘I talk to the ‘where you catch sudden glimpses of the decision makers about what matters to peo- cathedral,’ are also fantastic. He walks or cycles ple.’ More pedestrians, less traffic – that’s the almost everywhere, his path often leading pressing issue for the first district. Toni has him to Judenplatz where he is the primary just come from the ground-breaking ceremo- school’s pastor. A place heavy with history, ny for the redesign of Rotenturmstrasse. The where the Holocaust Memorial now stands, shopping street is being transformed into a it was once the centre of Vienna’s Jewish shared space with planters and fountains. At community. The area around Schwedenplatz Neuer Markt the diggers are also at work. An is also one of Toni’s stamping grounds, where underground car park is to rid the square of his good friend Bernd Schlacher runs the cars and make it into a pedestrian zone. trendy café and restaurant Motto am Fluss. Schwedenplatz is a traffic hub, nightlife hot spot and place where cruise tourists disem- bark. The cathedral pastor is critical of their growing numbers: ‘The cruise tourists flood the city centre but don’t really engage with it.’ Toni Faber’s opinion is sought on this mat- MUST-KNOW NEIGHBOURHOOD ter, too. It’s a dialogue that’s part of his daily STUBENVIERTEL bread: the city centre trying to balance the Wollzeile (‘wool row’) is now deli row. Cheese aficionados go to Der Schweizer, beef needs of residents with those of foreign visi- fans to Plachutta, schnitzel lovers to Figlmüller, tea drinkers to Schönbichler, high- tors who bring in the money is an issue espe- carb eaters to the bakery-cum-bistro Öfferl, non-diabetics to Heiner, nostalgics to cially relevant to the pastor. He has to juggle one of the city’s oldest Aidas. Winegrower Leo Hillinger’s bar even comes with a shop. the requirements of spiritual visitors to the And if you’d rather party in private, you need a key to enter the private Club X! Other lanes in the heart of the Stubenviertel lead to Marco Simoni’s Urban Appetite, Jamie cathedral and those of tourists with their au- Oliver’s restaurant and Michelin-starred chef Konstantin Filippou. dio guides. But if anyone is capable of finding wollzeile.com a solution, it’s him: ‘We want everyone to get along peacefully.’ — 8 TYPICALLY VIENNESE

VISION. Christiane Wenckheim opened her Ottakringer Brewery to all Viennese residents

CHRISTIANE WENCKHEIM The Ottakringer Boss Nowadays events like the Fesch’Markt – a market for independent designers and artists – and the Vienna Coffee Festival attract nce Ottakring was a suburb of half of Vienna to the Ottakringer Brewery. ViennaO where the inns were located,’ says ‘The different floors make the spaces so at- Christiane Wenckheim. ‘The Viennese came tractive,’ said Christiane Wenckheim. ‘The here to eat, drink and be merry.’ The boss of historical brewery architecture looks grungy Ottakringer Getränke AG still sees food and and counterbalances the otherwise so impe- drink as key to the district’s identity. At the rial Vienna.’ In the traditional working-class Ottakringer Brewery’s leased restaurants – district of Ottakring, it blends well with its Plachutta’s Grünspan, Gelbmanns Gaststu- surroundings. ‘Ottakring is multicultural,’ be, Das Liebhart and Bierfink – she most en- says Wenckheim. And that holds great inter- joys sitting in the beer gardens. And she has national appeal. close ties with the coffee-roaster Meinl and Time Out – a trend barometer among the jam-maker Staud’s. The brewery is a hub magazines – includes Ottakring’s Yppenplatz in the district. ‘For the people here, there as one of the world’s fifty coolest neigh- are three things: brewery, church, pub.’ The bourhoods. ‘Chaotic and charming in equal chairperson of the supervisory board has measure, this is a neighbourhood that ming- 16been opening up the company for almost les young and old, Viennese and tourists, twenty years now, starting with personally without losing its unique character,’ is the reaching out to the local community. ‘Our re- magazine’s verdict about this urban, gritty search revealed that long ago a certain Plank square with its market stalls and hip hang- the master miller had a dance floor in the outs. Christiane Wenckheim describes the brewery.’ In a flash, this idea from 180 years area as up-and-coming: ‘There’s a lot of new ago was revived – only this time with DJs. restaurants, young families are moving here, IN THE SIXTEENTH. With Christiane Wenckheim at the Yppenmarkt, admiring the views of Vienna from the Wilhelminenberg, and at Plachutta’s Grünspan.

MUST-KNOW NEIGHBOURHOOD

YPPENMARKT The vibrant Brunnenmarkt between Thaliastrasse and Ottakringer Strasse is Vienna’s largest street market. Here you can buy giant melons, crunchy veg, Middle Eastern spices and probably the best kebab in the city. It ends at the Yppenplatz, a market with permanent stalls, organic produce at the weekend and local restaurants like Wetter, La Salvia, Wirr and Café An-Do. ando.at, lasalvia.at, wirr.at

property developers are investing in apartment buildings.’ The Wilhelminenberg has a completely different image – the conserva tive, bourgeois face of Ottakring. At the foot of the Vienna Woods, where vineyards and woodland paths show the district from its green side, property prices are high and the clientele affluent. The brewery boss enjoys walking on the Wilhelminenberg with col- leagues: ‘Sometimes we go out together and chat about life.’ Getting along with everybody is important to the manager. At the annual meeting with residents she takes her neighbours’ con- cerns very seriously. Wenckheim smiles: ‘We are working on becoming one of Vienna’s land- marks, up there with the giant Ferris wheel and St Stephen’s Cathedral.’ The brewery has long been a landmark in Ottakring anyway, in part because of its eye-catching Kiln Tower. Designed in 1907 for drying malt and now used as a meeting room, its rotating smoke hood is affectionately known to locals as the frog, Drahdiwaberl (a spinning top) or the Knight of Ottakring. — 10 TYPICALLY VIENNESE

THE MOVE. Once a pharmacist in villagey Döbling, Alexander Ehrmann now runs the Saint Charles emporium 6in Mariahilf.

MUST-KNOW NEIGHBOURHOOD

LOQUAIPLATZ For some the Esterhazypark around the Haus des Meeres is the heart of the district. For others it’s the patch of green on Loquaiplatz. The park has just been given a makeover and Otto-Bauer-Gasse and Königsegggasse have been transformed into a pedestrian zone and shared space. With the charming Café Jelinek, the Miranda bar, Elektro Gönner and the pizzeria Disco Volante, there are plenty of places here to sate your appetite. ALEXANDER EHRMANN cafejelinek.steman.at, mirandabar.com Pharmacist

hen Alexander Ehrmann opened the SaintW Charles Apothecary on Gumpendorfer Strasse in 2006, the area had not yet become trendy. ‘When I came here it was a street of hairdressers and Chinese restaurants,’ he remembers. But change was in the air. Cool shops, cafés, bars and creative studios started moving into the neighbourhood’s grand buildings with their elegant entrances. Over the years, Gumpendorfer Strasse has developed into a hip, Bobo area. The ‘former city motorway’ has become a 30 km/h zone. ‘It doesn’t get more urban than this,’ is the pharmacist’s verdict on his neighbourhood, an area historically known as Laimgrube (‘clay pit’) and one of Vienna’s oldest suburbs that was ‘once a traditional Jewish district’. Today you can find both well-established firms like Bakalowits, the producer of chandeliers, and trendy shops like the vintage store Wolfmich. 11

Alexander Ehrmann is like the unoffi- space in front of the Amonstiege stairway as cial spokesperson of the diverse Laimgru- a tucked away spot with ‘the only benches in be neighbourhood. When he’s enjoying the the neighbourhood where I can sit if I want sunshine in front of his Saint Charles Apo- to make phone calls undisturbed.’ Mariahilf is thecary, his Hideaway spa or his Alimen- ‘lively, open and has great nightlife.’ Bars like tary bistro on Gumpendorfer Strasse, most If Dogs Run Free, the legendary music hang passers-by know him and stop for a chat. out Café Einhorn or the arty Futuregarden Ehrmann truly lives the community spi- attract a young party crowd. But there are rit and has dozens of collaborative projects also places where you can relax and unwind. on the go: he brewed a masterwort beer For Alexander that means Café Sperl when with the boys from BeerLovers, and with the owner, Frau Straub, serves him apricot bartender Hubert Peter from the trendy dumplings. For others it’s a stroll in Esterha- hangout Bruder he created four types of zypark near the Haus des Meeres aquarium, medicinal vermouth. At lunchtime you can one of the few green spaces in the district. often find him on the Naschmarkt. Alexander Mariahilf is highly varied and always chan- is choosy, avoiding the pretentious and rip- ging. Or as Alexander puts it: ‘It has a special off eateries in favour of a bite at the rustic energy.’ — restaurant Zur Eisernen Zeit. ‘Or I sit outside the Japanese restaurant Kuishimbo on Wien- zeile and watch the cars drive by.’ ‘Quintes- sentially Viennese’ is how he describes the flea market, a Naschmarkt institution since 1977 where he once bought some old door handles. 6 One of the most exciting corners of the IN MARIAHILF. The Majolica House, district in Alexander’s opinion is Theobald- Otto Wagner’s listed gasse. The road winding down from Mariahil- Art Nouveau building, fer to Gumpendorfer Strasse is a design and faces the Naschmarkt. The famous Café Sperl, foodie heaven. Here you can find the ethnic Theobaldgasse and the design concept store Habari and the frame Haus des Meeres. shop Frameshore. Alexander likes to go to Süsswasser, which opened on Theobaldgasse in 2017, and eat regional fish for lunch ‘or buy one of the Portuguese sardine tins that are almost too beautiful to open.’ He names the 12 TYPICALLY VIENNESE

exercise. ‘In the past I used to take my son to the children’s outdoor swimming pool; now I go running there after work.’ It is the wide streets that Elke loves about Leopoldstadt: ‘The second district gives you a great sense of air.’ A perfect example is Pra- terstrasse, an up-and-coming area. Although previously a run-down neighbourhood where seedy hotels flourished, it is now a bustling avenue with an international vibe. MuTh’s director especially likes the section near Nes- MUST-KNOW troyplatz with its French feel ‘where there NEIGHBOURHOOD are places like the concept store Song or the Georgian Café Ansari.’ At the other end is DANUBE CANAL the Prater park where Elke plays tennis with Cyclists, joggers, dog walkers: the Dan her son. ‘I love the many sides of the Prater – ube Canal is a lively shared space. Beach other than Hyde Park in London, I can’t think bars are dotted along the water’s edge like a pearl necklace, with Tel Aviv Beach a of anywhere with so many possibilities.’ great starting point. Downriver the Vien- Young families are settling around the nese chill at the Blumenweise and in the district’s many markets. And there’s even new, non-commercial Central Garden. And more on offer around Heinestrasse and Vol- technically speaking, the Twin City Liner to Bratislava starts in the second district – the kertmarkt now that the area has come to border runs along the bank of the canal. the attention of artists and adventurous re- neni.at, dieblumenwiese.at, staurateurs. Elke praises Heinestrasse as an centralgarden.at2‘incredibly beautiful, very Viennese street’. If you meet her here, she’ll be enjoying a bite to eat – at Gasthaus Automat Welt, well known for its schnitzel and superb wines. —

ELKE HESSE Director of MuTh

or Elke Hesse, Leopoldstadt offers the perfect Fmix. ‘A district where all cultures can live together peacefully.’ The director of the concert hall MuTh likes this neighbourhood and its diverse audiences. ‘Older ladies who want to listen to high-quality chamber music come to MuTh.’ But school classes flock IN THE SECOND. there too, their pupils entranced by the musical fairy MuTh Director Elke Hesse goes running tale Peter and the Wolf. One of the district’s undispu- in the Augarten, ted hotspots is Karmelitermarkt. On Saturdays there likes Monte Ofelio, is a real buzz around the market: organic and farm the concept store Song and Café Nel- stalls sell fruit and vegetables while locals enjoy their ke on Volkertmarkt. weekend brunch at the cafés and eateries. Back to the Augartenspitz and MuTh, which stands for Music & Theatre. Thirty per cent of the 22 programme is performed by the Vienna Boys’ Choir, MuTh being their designated concert hall. ‘There are classical concerts and opera projects on the one hand and spiritual songs from around the world on the other.’ Step back in time and Mozart was playing his music with the choir, once performing his piano con- certos as the sun rose over the Augarten. For Elke the Augarten park is ‘a place of leisure’, meaning 13

ANNA AND MAGDALENA REITER Shoemaker Sisters

f you take the 25A bus to Süssenbrunn to vis- itI Ludwig Reiter’s leather workshop, you’ll see the twenty-second district in a nutshell. A potpourri of neat little terraces and council houses, industrial estates and green spaces. The closer you are to the city limits – past giant furniture stores and garden centres – the more undeveloped the land. Sudden- ly the landscape is one of fields and wind turbines. You’re in the sticks now. Once the high-rises on the Danube flatland look very small, you’ve arrived at the HQ of Ludwig Reiter. The well-established company moved to this sixteenth-century estate in 2010. The former stables and cowsheds are now workshops for shoes and bags. With the support of a beekeeper, the Reiters also settled three bee col- onies here. ‘In Süssenbrunn it’s like being in the countryside,’ says junior partner Anna Reiter. ‘The air is clean, it’s not loud, not busy and the people are friendly.’ Together with her sister Magdalena she is in charge of marketing and e-commerce. They both admire the traditional character of this unspoilt neighbourhood. ‘You have everything you need here without your senses constantly being bombarded.’ The residents buy their breakfast from the grocer’s. When they eat out, they go to the only inn for miles around, the Flokal. In the evening the bus is repla- ced by a taxi-sharing service. In the summer families meet at the local bathing pond. Budding young athletes train at the St Stephan riding club. At the other end of the district lies the Old Dan- ube. The lucky few who own a small beach house here are the envy of half the city. The Old Danube is also where Anna and Magdalena Reiter go for a culinary treat. ‘The food is equally as good at the Querfeld family’s Bootshaus as at the rustic Alte Kaisermühle.’ On the other side of the river in the middle of the Donaupark stands the Donauturm: IN DONAUSTADT. Anna and Magdalena Reiter at 252 metres it is the tallest building in Austria love the unspoilt and in it the sisters recently discovered the Do- neighbourhood surrounding naubräu. The area around the Reichsbrücke is the shoemaker Ludwig Reiter. And the Old Danube and quite the building site. Over the next few years, the Donaupark with the the DC Tower will be joined by more skyscrapers brand-new Donaubräu. – including the country’s tallest apartment block, 22the Danube Flats. The only place with more con struction work going on is Aspern Seestadt, which MUST-KNOW NEIGHBOURHOOD will be completed in 2028. They even extended the U2 especially for this urban development project. LOBAU But you’re more likely to find Anna and Magdalena The Lobau is often called the Viennese jungle. With its 800 plant, 100 bird, eight reptile and 60 fish species, it is one of Austria’s many na- in the nostalgic part of Aspern. Feast of St Martin, tional parks. In this green oasis you can walk, watch the animals and spare ribs, pumpkin season: the sisters love the explore nature by boat. Recharge your batteries on your way home Lahodny restaurant, a permanent feature of the at the legendary Roter Hiasl inn. high street. — donauauen.at/der-nationalpark 14 TYPICALLY VIENNESE

GREEN, GRATIFYING, GASTRO. The third district in a nutshell, according to media man Karl Hohenlohe. On the Rochusmarkt, in the Baroque garden of the Belvedere Palace, in the Stadtpark and on Landstrasser Hauptstrasse.

MUST-KNOW NEIGHBOURHOOD

WEISSGERBERVIERTEL It may as well be called Hundertwasser’s hood. Because this is where you will find the Hundertwasser House, a colourful, hil- ly, plant-covered backdrop for selfies, complete with car park, on Löwengasse (count the lions!). The nearby Kunsthaus with its Hundertwasser Museum attracts the locals with fine-art photography. Vienna’s first ‘green’ museum! Feed your eyes then your stomach: at the long-established Gasthaus Another advantage: ‘The close proximity to the Wild or the casual Garage01 on Radetzky- first district with all its cultural opportunities.’ Karl platz or enjoy Thai street food around the corner at Pumpui. lives right next door to the German embassy, whose kunsthauswien.com demolition took a long time. ‘It makes you appreciate how quiet it normally is in this inner-city paradise.’ By which he is also referring to the Belvedere, especially the Botanical Garden. ‘There’s an incredible amount of history there, rare plants and secret spaces where you’re completely undisturbed.’ The Stadtpark also KARL HOHENLOHE plays an important part for him – once a year at least: Gault&Millau Editor ‘That’s where we organise the Gault&Millau Genuss- Messe fair for 6,000 interested gourmets at the Kursa- 19 lon.’ What’s more, the Stadtpark is home to Austria’s most highly awarded restaurant: the Steirereck – giv en 19.5 points and four toques by Gault&Millau. ‘The place that’s changing most at the moment is St Marx. or a long time it was the markets that defined Where piecework butchers once laboured is now a Fthe third district. Food was shipped via the Danube centre of research and media.’ The 40,000 m2 Media and Marchfeld Canal to the halls and stalls of the Ro- Quarter Marx brings together the country’s creatives chusmarkt, the Landstrasser Markt and the markets and is the HQ of the TV channels Puls 4 and ATV and in St. Marx. Only the Rochusmarkt is left, now the the Wiener Zeitung newspaper. A former cattle mar- hip heart of the district surrounded by the increas ket, the Marx Halle now hosts cabaret performances, ingly urban Landstrasser Hauptstrasse. ‘The street the viennacontemporary art fair and festivals. Karl has become one of Vienna’s gourmet hotspots,’ says recently attended the Kruste&Krume bread festival, Gault&Millau Editor Karl Hohenlohe. ‘An exception ‘which I really enjoyed.’ ally positive example is Joseph Brot, with wonderful Closer to the Prater park, the TrIIIple housing pro- baked goods, great service and a daring, innovative ject is currently taking shape on the Danube Canal: boss.’ Karl arrived in the district by accident: ‘My sib- three high-rises with a rooftop pool – ‘incredibly big’, lings and I inherited a property and soon felt com- says Karl. He has already identified their target group: fortable here.’ The family man finds everything he ‘It’s interesting for young people because the Danube needs here, most importantly lots of green spaces. Canal offers so many3 exercise opportunities.’ — JUTTA AMBROSITSCH Winegrower

utta Ambrositsch loves the peace and quiet of theJ vineyards, especially in winter: ‘When the snow comes, the landscape is so muffled and the leafless vines are lined up like an army.’ 2004 was the first time that the newcomer managed a vineyard on the Reisenberg in Vienna’s Grinzing neighbourhood. ‘Before then I only knew a couple of Heurigen [wine taverns] in the area.’ Fifteen years later, it’s her sec ond home. The former art director now has three hectares of vineyards in the neighbourhoods of Grin- zing, Nussdorf, Heiligenstadt and Obersievering. She makes wines of uncompromising quality that ‘are fer- mented with very little outside influence and then poured straight into the bottle.’ At the legendary place at Langackergasse 5a, she runs a Buschenschank (wine tavern with proprietary new wines) for ten weekends. Jutta Ambrositsch’s neighbours in Grin- zing are lawyers, doctors and diplomats. ‘The quality of life here is sublime,’ she says of Döbling. ‘You leave your house and you’re in the countryside. A quiet district, but get on a tram and you’re in the city in a flash.’ The winegrower likes to go for walks with her dog Edgar. Often to the author Thomas Bernhard’s grave in Grinzing cemetery: ‘My job is to throw away the ugly flowers. I owe him that,’ she laughs. One of her favourite restaurants is in the Sievering neighbourhood: Eckel. Where the city slowly morphs into the green belt, Eckel serves classic tavern fare – but also meat-free dishes for this vegetarian: ‘I love the artichokes, porcini mus- hrooms and the sheep’s cheese from Lunz.’ Behind the magnificent villas in the centre of the district are Heurigen like Hengl-Haselbrunner or Kroiss. Many of the people here live off the miles of agricul tural land, forest and vineyards. ‘It’s not unheard of 19for a tractor to rumble past early in the morning!’ IN DÖBLING. When Ambrositsch climbs up Eisernenhand- Jutta Ambrositsch’s workplace lies gasse from Kahlenbergerdorf, she is rewarded with on the sides of the Reisenberg and a stunning view over Vienna’s rooftops and the Dan the Nussberg. Walking on the Rei- senberg, in Grinzing, Sievering and ube. Maria Grötzer’s Buschenschank is open here the view from the Nussberg. four times a year. With a glass of Riesling between the vines, this spot becomes enchanting. A magical place in the country – that just about sums up the nineteenth district. —

MUST-KNOW NEIGHBOURHOOD

OBKIRCHERGASSE Relaxed shopping in Döbling. Here the district’s residents have everything they need on their doorstep: fresh bread rolls at Joseph Brot, mensw ear at Schlatte, womenswear at 08/15, home accessories at Wunschraum. There are shops for cosmetics, toys, shoes, jewellery, bikes and right in the middle the popular Sonnbergmarkt. Reward yourself at Gelati Da Sal- vo, one of the best ice cream salons in the whole of Vienna. If you want some hustle and bustle, go to the street food market in summer and the 3 flea market in autumn 16 VIENNA BY NUMBERS

Living in Vienna This is how we live in Vienna. Facts and figures about the growing metropolis on # the beautiful blue Danube.

LOCAL ARTISTS! Unusual angles, stunning pictures, surprising sights: you can also explore Vienna by hashtag. 17 40.2

That’s the average age of Vienna’s residents in 2018. Which makes 180 Vienna the Austrian province with the youngest inhabitants. COUNTRIES. THAT’S HOW MANY DIFFERENT NATIONS THE PEOPLE WHO WERE LIVING IN VIENNA ON 1ST JAN 2019 CAME FROM.

The year when Vienna’s first high-rise was completed. Located on Herrengasse, it stands some 50 metres tall and has 16 floors. 46 People per hectare. That’s how densely populated Vienna is. It’s cosiest in Margareten, while Hietzing has 1932 the most space per person. 1858 This was the year when they started demolishing Vienna’s city walls. It took them some 15 years. At the same time almost 1,000 new buildings were constructed on the recovered land.

25.4Per cent – roughly a quarter of Vienna – is used for residential buildings

THAT’S THE TOTAL AREA OF VIENNA, MEASURED IN SQUARE KILOMETRES. 415 18 TRUE VALUES

True Values

More than just a roof over your head: why buying property in Vienna means buying a piece of a very stable and secure metropolis. Culture, history and cuisine’s positive impact on properties. And the role that the emperor is still playing today. Hard and soft facts about the booming Austrian capital.

By Marie-Theres Stremnitzer Photos: Christian Steinbrenner 19 20 TRUE VALUES

DIVERSE. The Viennese like variety: a dip in the Old Danube, lunch on Karmelitermarkt and a full cultural programme in the evening.

irst, let’s talk numbers: Vienna is grow Fing. Today the city has 1.88 million inhab itants, which is almost a fifth more than it was just fifteen years ago. As early as 2028 the metropolis is expected to surpass the two million mark. Vienna is building. Over 10,000 new homes are being added to the city every year. Prices are rising in line with demand. You now have to pay almost double the price per square metre as you did ten years ago. Newly built apartments for owner occupancy now cost on average eighty-nine per cent more; even used flats cost eighty-two per cent more. When it comes to the luxury segment, i.e. high-end properties, the average price per square metre in the metropolitan area of Vienna, which in Die Zeit, it never diluted its essence by includes the urban sprawl beyond the city sprawling out too far. Instead, Vienna is still limits, is now €19,420* – making it consi- known for being compact, paying attention derably higher than Berlin at €11,203, but to detail, and having functioning infrastruc- also higher than Paris at €18,514. By com- Every ture across the entire city and numerous parison, London and New York are already Viennese charming neighbourhoods. chipping away at the €30,000 mark. One It strikes Camille Boyer, the French pro- thing’s for sure: Vienna has always reacted neighbourhood moter of young design and fashion behind to its exponential population growth with the Austrian Fashion Association, that un- numerous construction sites and urban has its own like Paris you don’t need a dress code here. densification, and the next few years are no identity. In the Danube metropolis, people prefer to exception. keep things – and not just fashion – flexible; after all, you might jump into the Old Danube Security, stability, discretion for a quick swim during your lunch break, go mountain biking in the Vienna Woods in But let’s leave the facts to one side for the evening or perhaps spontaneously go to a moment. What makes somewhere a home the opera, the theatre or a concert. Such is how it makes you feel. And the whole of impromptu plans are made possible in no Vienna is attractive on that front. Buying small part by the reliability and short wait property in Vienna means buying a piece ing times for public transport, which will of the ‘metropolis that Vienna is once take you anywhere you want to go within more’, Klaus Wolfinger, Vice President of the three quarters of an hour. Or you can walk Verband der Österreichischen Immobilien- everywhere, even at night: there aren’t any wirtschaft (ÖVI, Austrian real estate associa no-go areas in Vienna. Security and discretion), is convinced. In hardly any other tion are two of the many things that make city can you find such a busy calendar of Vienna, unlike many other metropolises, so cultural and other events with so many high- attractive to buyers and tourists alike. The profile international names, do lived presence of international organisations like history and discrete innovation stand side by OPEC, the OSCE and the UN help a lot. Sta- side, are private and public life, nature and bility and security are also decisive factors urbanity so elegantly, diversely and, yes, in the most liveable cities ranking by the gemütlich (casually) intertwined. Although British Economist. In first place: Vienna. the city was once designed for four million ‘Urban development is all about the inhabitants, as Vienna Tourist Board boss compact city,’ explains the expert Wolf B

Norbert Kettner explained in an interview inger. ‘The more mixed a city is, the more * ased on data by Knight Frank 21

it can offer at a short distance, the more time-saving and sustainable the lifestyle, the more reduced the mobility.’ The aim is a polycentric city: ‘In Vienna there are hardly any neighbourhoods where you can’t find every social, educational and income class. Plus culture, education and local amenities. The city’s quality lies in the fact that every neighbourhood has established its own identity in all these areas.’ The foundation for modern Vienna was laid by Emperor Franz Joseph I’s decree to create a metropolis by combining the sedate Biedermeier town behind the thick city walls – today’s first district – with the thirty- four suburbs beyond, which the new city’s streets and districts were named after. And to transform the green space in between, the Glacis, on which the Ringstrasse and the upper-class city palaces now stand, into one giant building site for fifty years, while at the same time putting in place fundamental in frastructure and regulations – from water to transportation to food laws. Many visions of the time only came true decades later. But that is perhaps the reason why the Viennese still pay homage to their emperor.

Wine, water, Viennese cuisine

Compared to metropolises like London, Paris and New York, there’s one thing that makes Vienna stand out: its effortless qual ity of life. Where does it come from? There are several sources. One of them starts in an area far beyond the city limits: Vienna’s mountain spring water comes from Kaiser- brunnen, among other places. The emperor gave this gift to the city and its inhabitants to commemorate the opening of the Ring strasse. Along the Water Main Hiking Path, which follows the First Spring Water Main from Hirschwang to Kaiserbrunnen, you walk through an area that is directly linked to Vienna – because of the crystal-clear mountain water whose source is there but approximately twenty-four hours later can be drunk from the taps of every apartment in the capital one hundred kilometres away. GREEN. Or be transformed into a bubble bath. A Whether jogging in the Augarten park, reading in the luxury that flows all by itself, merely Stadtpark or stroking sheep on the Danube Island, Executive City Councillor for the Environment Ulli Sima thanks to the pressure of the gradient, into

Photos: WienTourismus/Christian Stemper, WienTourismus/Paul Bauer, PID/Christian Fürthner PID/Christian Bauer, WienTourismus/Paul Stemper, WienTourismus/Christian Photos: sees Vienna’s green spaces as an outdoor living room. Viennese home spas. 22 TRUE VALUES

As if that weren’t enough, the Viennese like to drink their mountain water mixed. With wine. They have every reason to do so, and one reason in particular: wine is grown on some 625 hectares of the city. Even in the centre, the first district, where the smallest vineyard is hidden behind balustrades on Schwarzenbergplatz. Grüner Veltliner, Weissburgunder, Riesling, Chardonnay and Welschriesling are grown together, harvested together and combined into a traditional speciality, the Viennese ‘gemischter Satz’. A fresh, fruity, full-bodied wine that is enjoyed not only during the popular autumn walks between vines and favourite Heuri- gen (wine taverns) but all year round, even in high-end restaurants. Fitting for the only city that has its own – Viennese – cuisine. As is its supply of high-quality home-grown produce. ‘With some forty different types of vegetables, over 70,000 metric tons a year, harvested in the city, Vienna is the only city in the world with over a million inhabitants that is self-sufficient in terms of vegetables outside of winter,’ explains Executive City Council- lor for the Environment Ulrike Sima. Vien- na’s agricultural sector comprises some 700 vegetable and arable farms, garden centres and vineyards, as well as organic farms like that on Cobenzl. Their fresh produce often lands on one of Vienna’s twenty-two markets that run like lifelines through the city. Which is why the neighbourhoods around the Nasch-, Karmeliter-, Rochus-, Brun- nen- and Kutschkermarkt are most popular among urban fans.

International Hub

About half of the Danube metropolis is covered in green spaces. A front runner by international comparison. ‘The roughly one thousand parks are not for decoration, they’re outdoor living rooms,’ Sima emphasises. And ‘with approximately just thirty per cent tarmacked surfaces, Vienna is Eu- ropean champion among comparable Euro- pean cities. We are increasingly focusing on TIME-SAVER. reusing former commercial and industrial Planning expert Klaus Wolfinger’s areas like the Nordbahnhof, Nordwestbahn- aim is a compact city. From the Boys’ Choir to the Heuriger? In Vienna it hof or the Sonnwendviertel near the Haupt- takes max. forty-five minutes to get bahnhof [main station]. Using abandoned anywhere by public transport. 23

old locations takes priority over building on the green belt. That is a central aspect of strategic land management and sustainable use of land, a limited resource in a growing city,’ explains Sima, who is not just respon- sible for the environment but also Vienna Public Utilities. Thirty years since the Berlin Wall fell, Vienna is once again a hub between the east and west. The city is growing in cultur al and mediatory importance and has again become the multi-ethnic city with lots of immigration that it once was. ‘Its role as a hub was once Vienna’s strength,’ Wolfinger explains, ‘which is a question of accessibili- ty and infrastructure. If you want to uphold The Viennese that position, you have to work at it.’ Not just those who arrive in Vienna but still pay also those who live here can find someone to homage to talk to about anything and everything. Ein echter Wiener geht nicht unter (‘A true their emperor. Viennese person doesn’t go under’) is the title of a successful Austrian TV series from the late 1970s. That no one does go under here might well be because everyone – from a cyclist to an overworked father, a teen- ager with heartache to a lonely pensioner – has someone they can talk to. For free. A safety net paid for by the city. This smart city also communicates with its residents digitally: you can bombard a virtual civil servant with questions via the WienBot. It chats in English and in Viennese. And even has some banter up its sleeve.

State opera to Boys’ Choir

‘I enjoy the heritage that makes this former seat of the royal family so attractive to millions of tourists,’ says Klaus Albrecht Schröder in Die Presse. He is the head of the Albertina, which like numerous other institutions makes Vienna a cultural capital where ‘five hundred years of art and history meet’. The luxury lifestyle fans who read the Condé Nast Traveler magazine share this opinion: they once again voted Vienna the best city destination in Europe. ‘Artistic, exquisite, and largely shaped by its musical and intellectual foundations, Austria’s capital and largest city is packed with culture,’ the editors rave about Vienna. Music fans

Photos: WienTourismus/Paul Bauer, WienTourismus/Peter Rigaud, www.sebastianfreiler.com, WienTourismus/Lukas Beck WienTourismus/Lukas www.sebastianfreiler.com, Rigaud, WienTourismus/Peter Bauer, WienTourismus/Paul Photos: in particular will get their money’s worth: 24 TRUE VALUES

‘Long-standing companies have to be able to adapt while still staying true to their roots.’

the traditional New Year’s Concert by the Vienna Philharmonic in the Musikverein is just one – if the most famous – crowd-puller alongside the Staatsoper, Konzerthaus and the Vienna Boys’ Choir. And the University of Music and Performing Arts just came top in the World University Rankings. Hard facts come back into play in the business hub of Vienna. A new company is founded in the city every fifty-five minutes. Productivity here is thirty-five per cent high er than the EU average, yet living expenses are comparatively low – to be TRADITION. precise a third lower than in London. Almost Oliver W. Braun sees his role as eighty airlines regularly connect Vienna proprietor of the long-standing International Airport with 190 destinations. Gerstner K. u. K. Hofzuckerbäckerei as a responsibility, not a right. Furthermore, the city functions as a fulcrum of scientific and economic communication and is ‘currently ranked the second most popular location for congress tourism – shortly behind Paris but ahead of Madrid, Barcelona and Berlin’, according to head of tourism Norbert Kettner.

Thriving traditional companies

But back to the intangibles. What Vien- na’s inhabitants and visitors love about this city is its culture and cuisine. And the fact that its long-standing companies don’t feel like museums but are a thriving part of the city. Such as the Schwarzes Kameel, which has been a microcosm of Viennese dolce vi- ta for 400 years, or Gerstner K. u. K. Hof- zuckerbäckerei, which was founded in 1847 and supplies the Staatsoper’s audiences with confectioneries during the intervals. And it has been doing so since the opera house was opened in 1869. ‘Conditions change’, says Gerstner’s proprietor Oliver W. Braun. ‘Over such a long period of time, you have to be able to adapt while still staying true to the roots that got you this far.’ He always sees competition as an incentive. Though he feels that many are finding it increasingly difficult to decide which trends to follow and which 25 Photo: Gerstner K.u.K. Hofzuckerbäckerei, WienTourismus/Christian Stemper GerstnerPhoto: K.u.K. Hofzuckerbäckerei, WienTourismus/Christian

WORLD STAGE. With all its stars and the Opera Ball, the Staatsoper is a cultural and social hit export.

to ignore. For Braun, running a company with so much history is a responsibility, not a right. ‘Everything is still made by hand as it always has been. Quality, appreciation and enjoying what we’re doing is important to us. Our guests can sense that.’ What are the Viennese enthusiastic about? That fluctuates between innovation and tradition. ‘The people in this city are becoming increasingly cosmopolitan, innovative and creative,’ Wolfinger confirms. At the same time, they like to remember their intellectual and cultural roots. That they do so in coffee houses, inns and Heurigen is one of the city’s many open yet unfathomab- le secrets. But those who sit there, usual- ly not far from their own homes, feel like they’re in the middle of the action. And you can’t put a price on that. — 26 VIENNA BY NUMBERS

Food in Vienna This is what Vienna eats. Facts, figures and pictures on Instagram. # There’s no better way to describe the culinary capital.

FOLLOW US! Six Instagram feeds every foodie should follow. With everything you need to know about good new restaurants in the city. 27

That’s how many cafés, coffee houses and pastry shops there are in Vienna. Fancy a Melange (milky coffee) or a Grosser Brauner 188 (double espresso with milk)?

Würstelstände (sausage stands) satisfy Vienna’s fast-food needs with frankfurters, Käsekrainer (cheese sausages), etc. 1,858

Square metres is how ‘big’ the famous Loos Bar is in Vienna. One

27.65 of the smallest bars in the world.

6.5Square metres is the size of 62 the world’s first fitted kitchen – out of every 100 cucumbers harvested in Austria are grown in Vienna. designed in 1926 by Austria’s That makes the capital the cucumber first female architecture student, king of the Alpine republic. Margarete Schütte-Lihotzky. Now on display at the MAK Vienna. 800 THAT’S HOW MANY SCHNITZELS WERE EATEN IN VIENNA IN 2018, THAT’S THE AMOUNT OF FARMS THERE ARE WITHIN ACCORDING TO THE VIENNA THE CITY LIMITS. MOST VIENNESE FARMERS GROW ECONOMIC CHAMBER. 27,231,530 FRUIT AND VEGETABLES. THERE ARE ALSO 80 COWS, 216 PIGS, 195 SHEEP AND 156 GOATS LIVING IN THE CITY. 28 FOOD TRENDS

BREAD IS BACK Daily Bread: The Comeback

Bread is not just being eaten again, it’s being baked properly, too – with sourdough and in a wood-fired oven. t all started ten years ago: queues of And it’s being appreciated, albeit peopleI suddenly started congregating in front of a bakery in Vienna’s city centre. Were somewhat differently than in the past. there bread shortages and panic buying? Were there cute plastic freebies for kids By Florian Holzer when you bought something? Or was it a flash mob drawing attention to society’s food waste? None of the above – it was purely and simply the aroma of freshly baked sourdough bread from a wood-fired oven that was drawing the crowds. But it was more than that, too. Helmut Gragger’s brand-new small bakery on Spiegelgasse was tapping into a deeper need: a longing for ‘real’ bread baked with real flour made of organic, locally grown grain and ground in real mills by real millers; bread that conveyed craft and quality and not cost-cutting and time- saving premade baking mixes and automated high-tech machines. Bread that actually tasted of something.

Bread as a cult object

Before that, things hadn’t looked so good. Of the 450 bakeries in Vienna, over two thirds were branches of major chains. Small bakeries had been trying to compete with their low prices by switching to baking mixes and automation, which of course did not go well. Normal flour is eight times more expensive today than it was in 1925, ‘slow baker’ Erich Kasses from Thaya in the Wald- viertel discovered. Labour costs twenty-five

JOSEF WEGHAUPT. First he developed organic loaves for a supermarket chain, then his own brand Joseph added momentum to the sourdough craze 29

PIERRE REBOUL. The master patissier and wheat sourdough mastermind built on his expertise at the Bread Lab in the USA. Taste his creations at Ströck Feierabend (below).

times more now, but back then you had to work four times as long to be able to afford a loaf of bread. ‘Bread simply has no value any more,’ says Kasses. Or rather: had no value. Because in the blink of an eye the situation has changed. In Austria in 1999, forty per cent was still being Bread went carelessly thrown away or processed into being from a animal feed. At breathtaking speed, bread has now been transformed into a lifestyle. It throwaway is difficult to pinpoint what exactly started item to a this dramatic trend away from throwaway item and towards delicacy. It was probably veritable down to the initiative of lone entrepreneurs lifestyle and pioneers who succeeded not only in bak ing artisanal sourdough bread – beautifully formed and mouth-wateringly sprinkled with flour – but also in presenting it in a new style of bakery that engaged all the senses. Lionel Poilâne had launched this trend in Paris in the 1970s: in the days of bland loaves, his grey, flour-dusted sourdough bread soon became a cult object; around five thousand such loaves are now baked every day. Then there was the Austrian expat Manfred Krankl, who was so frustrated by

Photos: Joseph Brot, Lukas Lorenz the quality of the bread in Los Angeles in the 30 FOOD TRENDS

1980s that he established La Brea Bakery. In a test run by the San Francisco Chronicle, its sourdough bread was awarded the highest rating that had ever been awarded. And there are the many Italian bakers who, as part of the Slow Food movement, revived old recipes and traditions to bake Pane Pugliese, chestnut bread, and others.

Sourdough craze in Vienna

In 2010 the trend finally took off in Vi- enna. Emulating the successful Poilâne bakeries in Paris, Helmut Gragger, a baker from Ansfelden in Upper Austria, opened the small bakery Gragger & Cie on Spiegel- gasse. Gragger had worked in large German bakeries for years, but one day he finally had enough. He had a wood-fired oven built BARBARA VAN MELLE. and started experimenting with sourdough. Following the bread and baking Long proving times, exclusively organic festival Kruste & Krume, she now runs its eponymous ingredients, lots of craftsmanship, precise grocery where you can buy control of the oven’s natural heat: Gragger’s anything and everything breads were slightly different every day, related to bread. vastly expensive by the standards of the time, and, most of all, radically at odds with people’s previous notion of bread. And yet people still queued up for it and even though the bakery didn’t close until the evening, in those early days the shelves were often empty by early afternoon. Josef Weghaupt was next. A food tech- nologist by training, he too had experience in the industry and had developed a new

line of organic loaves for a supermarket chain. When this project was shelved, he struck out on his own, creating a new brand of twice-baked organic bread called Joseph. At first it could only be found in a handful of organic food shops and restaurants. But as the new sourdough craze had already started to gain momentum, he was able to open his first shop on Naglergasse in 2011. And again people came in droves. In 2013 he opened his second Joseph on Landstrasser Hauptstrasse with an organic shop stocking a fine selection of bread, an enticing patisserie and a well-lit bistro serving good food both made of and accompanied by bread. The new bread boom also drew attention to companies that had always baked fantastic produce but until that point had been lone voices in the wilderness. In 2003, Andreas Maderna had taken over a bak ery that dated back to the sixteenth century and had been run by his family since 1962. They had always worked exclusively 31

with flours from the Pro Landschaft (‘pro countryside’) association and their black malted Dawa-Brot and moist rye Rauch- fangkehrer-Brot reflected a bread culture rarely found in Vienna at that time. Then there was Horst Felzl, who soon realised that a modern, visually appealing shop attracted a different audience and tempted existing customers to be more adventurous and try something new. White breads were always his speciality, producing deli cious loaves based on Tuscan and southern Italian recipes and investing countless hours in researching how to make a true baguette with French flours. Since 2015 the bakery has belonged to the former Do & Co restaurant manager Chris- tina Ostermayer and the breads are more sought-after than ever before.

Experimental bakery

In the meantime, the first split-offs and many newcomers have appeared on the scene. Friedrich Potocnik, the former head baker at Joseph, set up his own project called BROTocnik in 2016. Although there is still no shop in Vienna for his twice-baked organic sourdough bread, proved for an astonishing eighty-four hours, it is relatively easy to find in Vienna’s delis. Rémi Soulier and Patricia Petschenig, both alumni of Vienna’s Lycée, attended courses in baking and patisserie in Paris before opening an enchanting bou- langerie on Bäckerstrasse (literally ‘baker street’) in 2017 – with very French-inspired sourdough bread, very French baguettes and possibly the best croissants in the city. And again the crowds came. Among the most interesting bread projects is, of course, the development of Ströck, the major bakery from Vienna’s Stadlau neighbourhood. In 2012 they hired Pierre Reboul as a consultant – and Pierre Reboul is not just anybody. Originally from the south of France, he came to Austria in 2007 after spending twelve years in New York creating contemporary patisserie for Jean-Georges Vongerichten, Kurt Guten- brunner and Dan Barber. His first stop was Demel in Salzburg before moving on to Ca- fé Central in Vienna, which was attempt- ing to develop a new culinary concept at the time. At Orlando di Castello, a kind of hip branch of the rather traditional coffee house, he presented tartes, tartelettes and crèmes never before seen – let alone tasted CHRISTINA OSTERMAYER. She changed course to head the Felzl bakery – in Austria. And croissants that could

Photos: Lukas Lorenz, Nathan Murrell Nathan Lorenz, Lukas Photos: and invented the bread vending machine have come straight from Paris. 32 FOOD TRENDS

Together with Christoph Ströck he attended classes at the Bread Lab in the USA. After this, two years were spent develop ing organic sourdough bread using freshly ground flour, which was baked until it was very dark, almost to the point of burning, and has been dubbed the Laurenzio loaf. In 2014 they opened Ströck Feierabend, sort of an experimental bakery with an adjoining bistro, and served this bread and other creations to an open-minded, urban audience. To date this is the best example in Austria of avant-garde bread baked to an industrial standard. If you’re wondering: is that it? Is the craze over? Is sourdough bread now part of daily life and no longer causing any ex- citement? Then the answer is a resounding no, bearing in mind the cool show bakery recently opened on Wollzeile by the young baking star Georg Öfferl. People clearly haven’t had their fill as they are still com ing from miles around to queue up for his Madame Crousto and fragrant cruffins. And it doesn’t stop there. Sourdough bread has now been transformed from a food product bought from the bakery and enjoyed at home into a hobby and a leisure pursuit. Instagram and Facebook are full of photos of crusty bread appetisingly presented by proud hobby bakers. You could be forgiven for thinking that sourdough bread is the new cat meme. Kruste & Krume, the bread and baking festival launched by Bar- bara van Melle, took place for the fourth time in spring 2019, attracting no less than six thousand people. The interest in good

GEORG ÖFFERL. A rising star in the world of baking with his own bakery-cum-bistro on Wollzeile. 33

HELMUT GRAGGER. A pioneer who, equipped with his wood-fired oven, moved to the first district and drew the crowds with the aroma of freshly baked bread.

bread has grown to such an extent that for a year now there has even been a Kruste & Krume grocery, where the rapidly grow ing posse of hobby bakers and sourdough makers can attend courses and buy special flours, spices, salts and bread baskets.

Bread on the menu

As the smell of freshly baked bread is easily one of the best aromas imaginable – and can definitely whet the appetite – it should come as no surprise that bread seems to have been making a comeback in restaurants over recent years, too. Josef Weghaupt and his Joseph Bistro was the first, closely followed by Ströck Feierabend. By now, you WHERE TO GO FOR can have breakfast, lunch or dinner at three SOURDOUGH BREAD IN VIENNA: different Joseph Bistros. The chic boutique BÄCKEREI ARTHUR GRIMM hotel The Guesthouse has joined forces 1010 Wien, Kurrentg. 10 with Helmut Gragger whose organic bakery www.grimm.at around the corner delivers dough that is JOSEPH then made into baguettes and bread on-site. 1010 Vienna, Führichg. 6 Georg Öfferl, too, has added a cool café to 1010 Vienna, Naglerg. 9 his new show bakery where you can enjoy 1030 Vienna, Landstrasser Hauptstr. 4 1070 Vienna, Kircheng. 3 exceptionally ambitious and delicious open 1190 Vienna, Obkircherg. 37-39 sandwiches – and buy the ingredients from www.joseph.co.at the shop to use at home. Even Manufactum, HOLZOFENBÄCKEREI GRAGGER & CIE the German mail-order company for hand- 1010 Vienna, Spiegelg. 23 crafted quality products, has turned their 1020 Vienna, Vorgartenmarkt 14-15 hand to bread. Their shop opened at Am Hof www.gragger.at a year ago with a café-cum-bakery: its main STRÖCK FEIERABEND product is – what else? – sourdough bread. It 1030 Vienna, Landstrasser Hauptstr. 82 seems the die is cast: good bread is back and www.stroeck-feierabend.at

Photos: Michael Reidinger, Gragger & Cie it’s here to stay. — BROTOCNIK www.brotocnik.at

ÖFFERL 1010 Vienna, Wollzeile 31 www.oefferl.bio

FELZL 1070 Vienna, Lerchenfelder Str. 101 www.felzl.at

PARÉMI 1010 Vienna, Bäckerstr. 10 www.paremi.at

KRUSTE & KRUME GREISSLEREI 1040 Vienna, Heumühlg. 3/1 www.krusteundkrume.at

THE GUESTHOUSE 1010 Vienna, Führichg. 10 www.theguesthouse.at

MANUFACTUM CAFÉ 1010 Vienna, Am Hof 3-4 www.manufactum.at 34 FOOD TRENDS

TRENDY LOCATIONS BY DISTRICT 1010 TIAN, Swing Kitchen, Wiki Wiki Poke, Honu Tiki Bowls, Vietthao, Le Viet, Shiki, Yori, Chinacy, Cafè EL.AN, CafféCouture 1020 Mochi, Balthasar 1030 HAN am Stadtpark, Pumpui, Das Kimchi 1060 Bruder, Luster Bar, Thai Isaan 1070 The LaLa, Grasgrün, Café Leopold, Die Parfümerie Bar, ChinaBar, kaffemik 1080 Deli Bluem, Aitiki Poke Bowls, The Birdyard, Tür 7 1090 Plain, Krypt, Botanical Garden, Jonas Reindl

FOOD TRENDS IN REAL TIME Here’s why Vienna is now at the top table alongside the world’s great culinary capitals. Five local trends for foodies and gourmands. By Robert Kropf

he catering industry in Vienna in the year 2000:T schnitzel and Tafelspitz (boiled beef) taste good. Food trends from the great culinary metropolises like Paris, London or New York only arrive here two years later. The catering industry in Vienna in the year 2010: schnitzel and Tafelspitz still taste good, but dry-aged steaks and burgers have also arrived. New cooking styles, types of restaurant and dishes now only get here one year later. And Berlin has the edge. What’s served at Markthalle 9 can only be found on Viennese plates months later. It’s now the year 2019. Thanks to Instagram, Vienna is living in foodie real time. Edible straws, su shi burritos, locust burgers – been there, eaten that. Food trends now spread across the continents at digital speed. Here are the biggest trends in Vienna at the moment. First: the veggie and vegan contingent is growing the fastest. Which is why these restaurants are mushrooming all over the capital. Swing Kitchen is leading the way and is now selling its Real Vegan Burgers city-wide. But the pioneer was TIAN, the first vegetarian restaurant in the city to be awarded a Michelin star. And the vegan Deli Bluem. Best COCKTAILS. new arrival: The LaLa, a restaurant by the vegan ice A jazz club in the 1960s, now the most- cream-makers from Veganista. photographed cocktail bar in the city: Krypt. ‘Everyone’s trying to find a niche!’ How top restaurateur Mario Plachutta is bucking every culinary trend with his beef and schnitzel dishes.

BOWLS AND BARISTAS. What are the biggest food trends in Vienna at the moment? Chemex coffee, a megatrend in third-wave coffee bars There’s an unprecedented boom in innovative like EL.AN. Just like eating from a bowl, vegetarian food start-ups – especially small eateries in the wherever possible, as at The LaLa. fourth, seventh and eighth districts. Not all of them will survive. Nevertheless, they’re a great asset to Second: bowls have made it across the Atlantic to the entire industry and especially to the customers. Vienna. Honu Tiki Bowls was the one who launched this move away from the plate. Followed by restau- Are too many restaurateurs rashly following trends? rants like Aitiki Poke Bowls, Plain, Wiki Wiki Poke, No, I don’t think that’s the case. Everyone is Café Leopold and Grasgrün, where fresh fruit, vege trying to find their niche. The really good ones will tables and proteins like fish, meat or tofu are served survive. In that respect, the industry hasn’t changed. in a bowl along with sauces and spices. Third trend: Vienna is slowly but surely becom ing a cocktail capital. Month by month, umpteen new ‘Viennese cuisine is an bars are opening. Krypt is an architectural highlight indigenous cuisine from the in the third cellar of an inner-city house, Bruder has nineteenth century.’ 120 self-mixed herbal essences, and then there’s The Birdyard, Luster Bar, Matiki, Die Parfümerie Bar, Botanical Garden or Tür 7 as the first speakeasy in What is your culinary aim in Vienna? Vienna. As during Prohibition, its address is kept We consider ourselves to be upholding the secret. You can only enter if you can find the bell. legacy of our unparalleled Viennese cuisine, which Fourth: there’s no stopping the East Asians! is how we got our international reputation. We’ll Vietnamese (Vietthao, Le Viet, Nguyen’s Pho House), never lose sight of that aim. Thai (Pumpui, All Reis, Thai Isaan), Japanese (Mochi, IKI, Shiki) and Korean (HAN, Das Kimchi, What is Viennese cuisine’s strength? Yori) cuisines have well and truly arrived in Vienna. The truth of the matter is that Viennese cuisine is an And instead of the glutamate-filled Chinese food of indigenous cuisine from the nineteenth century. The old, there’s authentic regional cuisine from Sichuan, monarchy with its wide variety of peoples and their Beijing and Guangzhou at restaurants like Chinabar, diverse cooking styles is what makes it so distinc- Chinacy or One Night in Beijing. tive. It’s unique, you can’t invent something like that. Trend five: third-wave coffee. Baristas who swear by organic beans, direct trade and perfect prepa- What’s the secret to you bucking all the trends with ration are veritably stirring up the world of classic your beef and schnitzel dishes? Viennese coffee houses. The front runners: Jonas There’s only one secret: making the best produce Reindl, CaffèCouture, kaffemik, Gota Coffee Experts, your absolute priority and making sure that the way it’s prepared is always of the highest quality. — Photos: Irina Thalhammer, Atelier Olschinsky, krypt/Studio Mato, Pilo Pichler, Generation-V, Plachutta Café EL.AN, Fenster Café and Balthasar. — 36 VIENNA BY NUMBERS

Green Vienna Cycling, beekeeping, planting trees: # sustainable living is all the rage.

GREENFLUENCER. Vienna has plenty of inspiring stories to tell about sustainability. The city’s most famous bloggers share their eco-friendly tips on Instagram. 37 70 1,398 Kilometres is the total length of Vienna’s cycle paths, Per cent of Vienna is untarma- which run through every district. cked – meaning that the ground has not been covered in streets or buildings. That makes Vienna the European champion: every other city has fewer natural surfaces.

PER CENT OF VIENNA IS WATER. THAT IS A RECORD AMONG AUSTRIAN URBAN AREAS. FEATURING 29 WETLANDS, FOUR RIVERS, 29 STREAMS IN THE VIENNA WOODS AND 40 LAKES AND PONDS. 5,000 Beehives, each with a colony of 40,000 to 50,000 bees, call Vienna home. Ultrare- gional: the Wiener Bezirksimkerei produces a different jar of honey for each district. 5 966.2 Million passengers. Just under a billion: that’s how many people used the 162 underground and suburban rail lines, 49.6 trams and buses in Vienna in 2018. Per cent – i.e. almost half of the metropolis – is made up of green spaces. 480,000

Trees grow in Vienna. That includes 92,000 trees that line the boulevards, 188,000 trees in parks and an estimated 200,000 forest trees. According to the horticultural agency a further 2,500 are planted every year. 38 HOUSING MARKET

REAL ESTATE TREND Shout It from the Rooftops

Clouds, views and Vienna at your BÖRSEPLATZ1 feet: the most sought-after place INTERNATIONAL in the city is up. From having a pool IMPERIAL on your roof to a penthouse with The project Am Börseplatz 1 is in the in- a leafy view. ternational big league: concierge in the elegant lobby, in-house underground car park, wine cellar and views of the whole city. A description that sounds fitting for luxury properties in Paris, London or New York. But this detached building in the heart of Vienna is a permanent feature of Austri- an history. Upon its completion in 1873, it served as the headquarters of the Imperi- he American Elisha Graves Otis saw to it al Royal Telegraph Office; later it became that the most popular apartments around the world would the headquarters of the Austrian Post. Re- Tbe at the very top: it was he who invented the anti-drop minders of the Danube monarchy’s pala lift. A century ago, the best addresses were still on the tial communications centre survive in the piano nobile; the higher floors were for the servants, and history-steeped staircases and the grand the attic was used for drying laundry at most. Today, pent vestibule. Even the attic is special. It is houses are an urban status symbol. They are light, make the work of Ignaz Gridl, who built the Palm you feel free and distance you from the noise of the streets House in Schönbrunn Palace Park. After its below. What’s more, the floor area gained with loft con- completion, the listed building will house versions and roof extensions is a sensible way to retro- offices and luxury residences – including actively densify the city, because building plots in a cen- six unique ‘Imperial Lofts’ in the former tral location are in short supply in growing metropolises state rooms with ceiling heights of over like Vienna. Exceptional luxury properties have terraces, seven metres. Towering overhead: the Eif- views and well-thought-out floor plans. New builds have fel Tower-style ‘Skyview Penthouses’ with the benefit of few sloping ceilings, which makes the usable views of Vienna from their terraces. The floor area even bigger. The icing on the cake is that their ‘Fly Me to the Moon Penthouse’ is 225 m2, outdoor spaces are on the same level as their living areas. the ‘View from Heaven’ 215 m2. Cooling Dimensions Free Photos: After all, not many people want to have to climb up narrow ceilings and ventilation systems ensure spiral staircases every day to get to the roof. The rule of the best indoor climate in the quiet Börse thumb: the more interesting the view, the more expensive (stock exchange) neighbourhood. In the the apartment. Having St Stephen’s Cathedral in eyeshot heart of the inner city. — is a definite bonus, as is a leafy view. If you want to make it to the top, have a look at these current projects. —

BÖRSEPLATZ1. Luxury penthouses inside the Ringstrasse. In this historic building, imperial charm meets the highest international standards. 39

BÖRSEPLATZ1 View from Heaven COMPLETION 1st half of 2020 NUMBER OF APARTMENTS 42 MORE INFORMATION www.boerseplatz1.com CONTACT Hermann Richter-Irsigler and Marco Egger +43 1 512 77 77–324 +43 664 964 34 76 +43 664 125 30 77 [email protected] 40 HOUSING MARKET

TRIIIPLE WATERFRONT LIVING Even though TRIIIPLE’s three towers will only be completed in summer 2021, they have already left their mark on the Vien- nese skyline. Right on the Danube Canal, between the city centre and the huge Prater recreation area, this modern trio of buildings soars over one hundred metres into the sky. You have a choice of views: the Prater park, the city centre or as far as the Schneeberg. And the Danube Canal lies at your feet. The renowned architects Henke Schreieck pul- led out all the stops. They brought the outside in with vast glass façades. In addition to the green spaces around the base of the buildings, the inhabitants also have a rooftop pool with a sun terrace, a lounge with a library, and several communal kitchens at their disposal. Local amenities, a kindergar- ten, restaurants and cafés are all moving in- to the TRIIIPLE Plaza. Towards the Danube Canal, park-like open spaces, children’s playgrounds, a sports area and an exclusive-use Barbecue Lounge are being developed. Those who want to will enjoy a very unique sense of community in the TRIIIPLE towers. It is hoped that the people who go in and out of these buildings will interact with each other TRIIIPLE in the same way as this modern trio with its City. Country. River. neighbouring old buildings and nature. Flexi- ble floor plans and generous ceiling heights COMPLETION make it possible to customise the living areas 3rd quarter of 2021 TRIIIPLE. These high-rises on the Danube across the thirty-one or thirty-four storeys – NUMBER OF APARTMENTS Canal combine the best of all from a two-room flat to a spacious penthouse 480 worlds: they have good transport to a trendy loft apartment. Every flat has a connections, waterfront views MORE INFORMATION and are close to the Prater loggia or a terrace, meaning that everyone www.otto.at recreation area. has some outside space. The TRIIIPLE’s concierge service makes it an exclusive housing CONTACT dream come true! Parking places are availa- Claus Loidolt and ble, the underground to the city centre is on Thomas Pinegger your doorstep and the airport is only fifteen +43 1 512 77 77–807 minutes away by car. — +43 664 885 90 405 [email protected] Photos: ZOOM VP, Chris Steinbrenner, Artmüller Steinbrenner, Chris VP, ZOOM Photos: CAMILLO-SITTE-GASSE

EPIC LIVING IN THE CAMILLO-SITTE-GASSE NIBELUNGEN QUARTER New loft conversions COMPLETION These new rooftop apartments are enri- Ready for occupancy ching the up-and-coming, green Nibelun- ROOFTOP LIVING 6 In a well-maintained gen quarter in the fifteenth district, whose NUMBER OF APARTMENTS pre-war building with streets are named after characters from the MORE INFORMATION original staircase, Nibelungenlied epic poem. With extensive lift and elegantly www.otto.at glass façades, these new, open-plan loft decorated façade. conversions sit on top of a well-maintained CONTACT pre-war building. Spread across two floors, Theresa Rojko and the 112 m2 maisonette offers plenty of space Elisabeth Papsch to be creative. A stylish wooden staircase +43 1 512 77 77–808 leads from the lower floor with its two bed +43 676 616 41 44 rooms and one bathroom to the upper floor +43 664 849 80 70 with an open-plan kitchen, master bedroom [email protected] and 15 m2 terrace. —

PARADISGASSE PRIVACY IN THE COUNTRYSIDE In the sought-after nineteenth district, a residential property is currently being built for people who cherish privacy. This house in the heart of Döbling only has fifteen apartments spread across its five floors, each with two to five rooms. Dreams of owning your PARADISGASSE own garden come true on the ground floor, Living in the country while from the roof terrace you can enjoy the leafy view from your very own Whirlpool. Bo- COMPLETION nus: an in-house underground car park, bike 2021 racks and the sustainable, eco-friendly cons- NUMBER OF APARTMENTS 15 truction style leave your conscience clear. — MORE INFORMATION www.paradisgasse.at NEW BUILD IN DÖBLING. CONTACT Exquisite details like oak parquet floors, fireplaces and Hermann Richter-Irsigler walk-in showers are some of the and Marco Egger features of these apartments. +43 1 512 77 77–324 +43 664 964 34 76 +43 664 125 30 77 [email protected] 42 HOUSING MARKET

WINDMÜHLGASSE SKY-HIGH LIVING Here Vienna is both a living room and a real-life stage. The vibrant Mariahilfer Strasse is just around the corner, and the Naschmarkt – a foodie magnet – is only a short walk away. This rooftop maisonette on the quiet Windmühlgasse offers urban living on two floors. With over 81 m2 plus a balcony and a terrace, there’s plenty of WINDMÜHLGASSE room to feel at home. If you need even In the middle of the action more air, enjoy the open space on the communal roof terrace above. — COMPLETION Ready for occupancy NUMBER OF APARTMENTS 62 MORE INFORMATION www.windmuehlgasse.at CONTACT Claus Loidolt and Sonja Kaspar +43 1 512 77 77–808 +43 664 885 90 405 +43 664 854 85 15 [email protected]

LIECHTENSTEINSTRASSE MADE IT TO THE TOP Watch the sunrise from the kitchen with a mug of coffee in your hand. Work on the floor below and sit on the terrace with friends in the evening. That is what your day could be like if you lived in one of these new rooftop apartments in the ninth district. With its roof terrace, the largest of the seven apartments extends across two LIECHTENSTEINSTRASSE CONTACT floors, which can be used in a variety of Rooftop living in Alsergrund Theresa Rojko and ways. All apartments have functional floor Elisabeth Papsch COMPLETION plans that optimise every square metre of +43 1 512 77 77–808 Ready for occupancy the living area. — +43 676 616 41 44 NUMBER OF APARTMENTS 7 +43 664 849 80 70 MORE INFORMATION [email protected] www.otto.at 43

TAILOR-MADE. On request the penthouse apartments’ new owners can have a small pool or a Jacuzzi installed on their roof terraces.

THE AMBASSY Perfect urban residence THE AMBASSY COMPLETION PARK-SIDE PENTHOUSE Ready for occupancy NUMBER OF APARTMENTS If you prefer to reside than to live, then 200 The Ambassy is for you. The living experience here starts with your neighbours, MORE INFORMATION www.otto.at who could not be more prestigious: The Ambassy is in the heart of the diplomatic CONTACT quarter. Situated between the Stadtpark Hermann Richter-Irsigler in the first district and the Modenapark in and Marco Egger the third, with the underground and The +43 1 512 77 77–324 Mall shopping centre close by. There are +43 664 964 34 76 three different categories of apartment. +43 664 125 30 77 At the very top are the ‘Ambassador’ re- [email protected] sidencies with up to 190 m2 of usable floor space. These luxury penthouses on the top floor also have ample outdoor spaces and a view of St Stephen’s Cathedral. Practically every room has direct access to one of the terraces with outstanding views. A spiral staircase takes you up to the stunning terrace with a 360° view over the city’s rooftops. Inside, the floor-to-ceiling windows ensure an open atmosphere suffused with natural light. This new build has no sloped ceilings, so you can make the most of very centimetre. With underfloor heating and cooling ceilings. Live like a hotel guest downstairs with the doorman service. A private cinema, seminar rooms and extra -wide XL parking places are raising the bar in real estate. —

MORE APARTMENTS & PROJECTS: You can find many more apartments and exciting projects at OTTO Immobilien: www.otto.at/en Photos: windmuehlgasse.at, Liechtensteinstrasse 130, The Ambassy, UDA GmbH 44 INTERVIEW

ART FAN. Roland Schmid collects art. Seen here with a piece by Vincent Szarek. Transparency Is the Overriding Aim

A data mining expert and a believer in karma: IMMOunited founder Roland Schmid about price transparency on the housing market, tough times and sponsoring.

Interview Irene Schranz levator pitch: quickly explain what IMMO united does? EWe compile publicly accessible information from the Land Register and purchase agreements and present them in a structured and filterable layout for our clients, who include banks, estate agents, evaluators, insurance companies, property developers, towns and municipalities. 45

‘I’m not a genius. I simply meet customers’ demand.’

How did you hit on the idea? district for eight years. For two years now I’ve been living I realised that the Land Register is very complex – even in a house in Klosterneuburg. It’s a good third cheaper for B2B users – because it isn’t structured by address but there than in Währing or Döbling. You’re surrounded by by cadastral community number and entry number. Eleven nature and you’re in the city in a flash. years ago, I started redesigning the Land Register so easily that you could find an extract by entering the street, house Your product IMMOvaluation enables people to value their pro- number and postcode. Having had years of intensive custo- perty based on comparable figures. Does gut instinct still play mer contact, I recognised that there were many more needs a part in the property market? to be catered for, and that is what I’ve gradually done. So People are talking about that a lot at the moment. The I’m not a genius, I simply meet customers’ demand. fact is that if five different experts value a property, they will give you five different estimates. The better the quali- It sounds so logical and simple ... ty of the data, the more precise the valuation will be. But It wasn’t always easy! We were offering a product that data providers don’t view any properties. What state the had never existed before in that form. Which means that attic is in, whether there are parquet or tiled floors and at first there was no demand. The company has only been whether the kitchen is worth €5,000 or €50,000 can only in the black for three years. The time before that was be judged when the property is viewed on site. Data and tough and risky. On three occasions, the odds of my idea comparable figure analyses can be automated, but to value being successful were against me. I’ve put my heart and a property you still need expertise. soul into my company and I’ve even had to ask close friends for collateral to keep me afloat. How much does the price differ with automated valuations? With residential properties, we’re talking about five to You are a data mining expert. What exactly does that mean? ten per cent. With luxury properties it can be a lot more. I differentiate between big data and data mining. Big That’s something that’s very difficult to automate. When data is owning large quantities of data. But the trick is you value a mid-nineteenth-century villa, you also need to working with large quantities of data. In my opinion, data take into account the imported Italian parquet with star mining means making sense of data by connecting them intarsia and the way it makes you feel – and data can’t tell and making them available immediately. you that.

Have you spotted any trends on the housing market? What is your vision? We leave that to our clients. We just provide them with Complete transparency. The more accessible and public the necessary data. With our product IMMOstats, you can information is, the more trust there will be in the market. analyse historical data and filter them by the price trends And trust means security. for 100 m2 apartments in the first district, for example. With IMMOmapping you can see property sales on a map. An expansion to Germany? And IMABIS shows all the advertising data, i.e. which pro- Land registry data aren’t public there. Germany has an perties are currently on the market. That means that real opaque housing market, as Austria did before IMMOunited. estate experts can see very clearly what’s down the road. And that means that the same apartment could be sold on one day for €150,000, on another for €350,000. That proba- What’s down the road on the Viennese market? bly wouldn’t be possible in Austria any more, not if you use We definitely haven’t reached the ceiling yet. The rental our data. prices will probably stay the same for a couple more years. The trend: the absolute prices will stay the same, but As a sponsor, especially of Rapid Vienna, you’re often in the the apartments are getting smaller. That means that you’re media. How did that happen? getting fewer square metres for the same price. It makes As a believer in karma, I live a life of give and take. We housing more affordable even though the price per square concentrate primarily on sport and art. As a Rapid fan, in- metre is increasing. And it will keep increasing as long as dulging my passion for the club was obviously the first thing demand remains the same. I would do. Anyway, in my view sport and entrepreneurship are a good match. You don’t always win and you have to A good friend asks you for advice. Which part of Vienna do you keep motivating yourself. Keep picking yourself up. We al- recommend? so sponsor the BK IMMOunited Dukes (the Klosterneuburg Their apartment will increase in value pretty much basketball team), and the Vienna Capitals in ice hockey, as anywhere. Thanks to the extension of the underground, well as tennis, golf and cycling. In the world of culture, we the living conditions in some districts are improving – in- sponsor film and the National Library, because the Land

Photo: IMMOunited/Roland Schmid IMMOunited/Roland Photo: frastructure is always important. I myself lived in the first Register started out as a book. — www.otto.at/en

First-class apartments, not just in the first district.

Dr. Eugen Otto Sonja Kaspar Monika Doskoczil Marco Egger Mag. Richard Buxbaum Hermann Richter-Irsigler Mag. Martina Gruber That’s our promise at OTTO Immobilien. Passionate about property.

Claus Loidolt Thomas Pinegger Evelyn Steiner Mag. Theresa Rojko Mag. Michaela Orisich Elisabeth Papsch Martin Benes 48 RESIDENTIAL MARKET The Great Viennese Property Atlas The most important numbers at a glance: OTTO Immobilien has compared the purchase and rental prices per square metre for every district in the city. Plus: the perfect overview of the Viennese housing market – with even more facts and figures about each of the twenty-three districts on the next pages. 19th € 7,573 € 13.80

€ 17,559 1st € 18.72 17th € 6,218 € 5,564 € 14.10 € 6,525 € 12.38 18th 4th € 13.45 14th € 5,698 16th 5th € 5,892 € 11.09 € 11.61 € 5,019 € 13.06 € 7,051 6th € 13.55 15th € 7,715 € 4,803 7th € 13.11 € 12.64

€ 7,923 13th 8th € 13.57 € 6,633 € 6,742 € 12.64 12th 9th € 12.63 € 4,800 € 10.18

23rd € 4,451 € 11.81

Sources: purchase price – Otto Immobilien Research, rental price – Exploreal 49

1st to 23rd district: Purchase price new build, first occupancy in €/m2 The Great Viennese 2* Rental price new build, first occupancy in €/m

* Rental apartments currently on offer that are not subject to rent ceilings pursuant to sec. 16 Property Atlas par. 2 of the Austrian Landlord and Tenant Act (MRG). Net rent without service charges or VAT.

21th € 4,447 € 11.74

20th € 5,979 € 13.47 22nd € 4,747 € 6,196 € 12.20 9th 2nd € 12.64 8th 1st 7th 3rd 6th 4th € 6,385 € 13.35 5th

11th 10th € 4,413 € 4,374 € 10.88 € 11.34 50 ANALYSIS

#FACTS #FIGURES #DATA #VIENNA #TRENDS Analysis: Buying and Renting in Vienna For the first time, a comprehensive overview of the purchase and rental prices in all districts offers a clear insight into developments over recent years.

By Martin Denner / OTTO Research

hen buying or selling property, ficantly less. In 2008 the average purchase Wreliable facts and figures have never been price per square metre was €2,796; this fi- more important. The most essential figures gure climbed to €5,087 in 2019. That is the are accurately researched purchase prices equivalent of an average annual growth of for all apartment sales in Vienna, as well as 5.17 per cent. The districts with the highest a detailed description of all new building increase (with prices more than doubling) projects. However, every property has very were the first, second, third, sixth, seventh, unique parameters. Which is why an expert eighth, ninth and twentieth districts. Prices analysis is an equally vital factor that should rose most from 2008 to 2010 and from 2012 not be overlooked. We present just such a to 2013. detailed breakdown on the district pages of this magazine. Furthermore, we have a look Purchase prices per m²: at the new construction projects that will be existing properties completed in the next few years and give an Purchase prices overview of current rental prices. Prior to 2 per m increased For current homeowners, it is impor that, this article summarises the most signifi- tant to know the purchase price per cant findings of our comprehensive analysis most in the square metre for existing properties (i.e. not of apartment sales in Vienna, focusing on the inner-city districts a new build sold by the property developer price trends over the past decade. with an average directly). The average annual price increase for such properties over the past decade is Purchase prices per m²: of eight per cent 6.36 per cent. The average purchase price in property developer per year. Vienna grew from €2,124 per m2 in 2008 to €4,016 per m2 in 2019. One of the most important figures on However, there are no noticeable differ the residential market is the purchase price* ences between sales made inside or outside per square metre for newly built, first-occu- of the Gürtel. The increase was greatest in pancy apartments that are sold by the pro- the fourth, sixth, ninth and fifteenth dis- perty developer directly – excluding retire- tricts. Here, the average annual growth rate ment investment apartments. These average was eight to ten per cent. At the lower end refer to the usable floor area including any outside spaces. 2 purchase prices per square metre in Vienna were the first, third, tenth, sixteenth and se- have gone up continuously over the past ten venteenth districts with rates between four years. Districts within the Gürtel ring road and six per cent. gained the most with an average increase of There are no salient differences year- eight per cent per year. Outside the Gürtel, on-year.The prices for existing properties The purchase prices per m this rate was five per cent and hence signi- went up very consistently between 2008 * Average price increase p.a. over the past decade, 51 property developer apartments Vienna Source: Land Register, OTTO Immobilien Research

3.2 %-4.7 % 4.7 %-6.2 % and 2019. Only in 2014 was there no price 6.2 %-7.7 % change compared to the previous year. 7.7 %-9.1% 9.1 %-10.6 % New housing in Vienna

When looking at the new homes being built over the coming years, it is very clear that property developers are mainly focusing on privately financed owner-occupied and rental apartments. Whereas in 2018 the ma- jority of properties – 6,280 or fifty-four per cent – were privately financed apartments for owner occupancy, the trend is now for rental apartments. In 2019 the number of privately financed owner-occupied apartments was only 5,693 (forty-five per cent). In contrast, the proportion of privately financed rental apartments increased significantly to fifteen per cent or 1,923. From 2020 the proportion of privately financed rental apartments will increase dra- matically. At 3,987 apartments (thirty-eight per cent), it will reach the highest rate for the next few years. Many privately financed rental apartments are being developed in the second, third, tenth and twelfth districts in PRICE TREND, OWNER-OCCUPIED APARTMENTS VIENNA (€/m²) particular. With an absolute number of 5,500, € 6,000 the amount of privately financed owner- € 5,087 occupied apartments remains unchanged, € 5,000 Property developer but their share of the total number of new € 4,016 properties being built falls sharply. It current- € 4,000

ly looks as though the total number of newly built apartments and the total number of pri- € 3,000 Existing property vately financed rental apartments will drop

€ 2,000 significantly from 2021. At the moment it is not possible to predict the types of property € 1,000 that will be built in and after the year 2022.

0 * Rental prices in Vienna 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: Land Register, OTTO Immobilien Research * as of 1st Sept 2019 The advertised rental prices** in the capital are now high after a marked increase over recent years. Looking at the privately financed CONSTRUCTION OF NEW HOUSING, VIENNA 2018–2022+ rental apartments currently being advertised, Number of newly built apartments the average net rental price is €12.78 (excl. service charges and VAT) per m2 per month 20,000 across the whole city. This rate is €13.75 per m2 per month for the districts inside the 15,000 Gürtel and €12.26 per m2 per month outside

10,000 the Gürtel. The largest number of privately financed rental apartments currently being

5,000 advertised is located in the tenth, twentieth, cited in this report refer to rental apartments currently being advertised for which the rent ceilings 2 twenty-first and twenty-second districts – 0 with considerably fewer in the other districts. 2018 2019 2020 2021 2022 The highest rental prices can be found in the Privately financed ownership Privately financed rent Rent unknown first district with an average €18.72 per m2 per Subsidised ownership Subsidised rent Unknown month, the lowest in the twelfth district at p The rental prices per m * 2 ** * ursuant to sec. 16 par. 2 of the Austrian Landlord and Tenant Act (MRG) do not apply. Net rent without service charges or VAT. Source: EXPLOREAL compiled for the Austrian Economic Chambers €10.18 per m per month. — INNERE STADT Vienna’s first and most urban district Stages like the Staatsoper, Burgtheater and Ronacher, galleries around Seilerstätte, Spiegelgasse and Eschenbachgasse, music venues like Jazzland and Porgy & Bess, museums like the Albertina, KHM, MAK, Weltmuseum, National Library and new House of Austrian History: you couldn’t squeeze any more culture into such a tight space. st No really. The inner city also has the most pedestrian zones, gourmet restaurants, city palaces, luxury hotels, flagship stores, delicatessens and jewellery shops. That makes it 1 unique in the capital. And that’s why the city centre’s small number of residents share it with 250,000 commuters, tourists and flâneurs. Every single day. The Innere Stadt is simply Vienna’s first and most urban district.

Facts District guide AREA: 2.87 km² PLAYGROUNDS: 10 U4 1 Demel CYCLE PATHS: 36 km The Annatorte! The cream roll! Even the emperor spoiled himself GREEN SPACES: 9.52% U2 here. Travel back in time to Imperial Source: City of Vienna Royal Vienna at Gerstner, Lobmeyr C PARK/GARDEN A and at the Wiener Silber Manufactur. B 2 Freyung organic market There has been a market here since the U1 late Middle Ages, but the produce is 2 still fresh. Every Friday and Saturday.

5 3 Volksgarten 5,500 roses adorn the city’s 1 oldest public park. 4 3 4 Loos Bar There’s always time for a Martini in this legendary bar designed by U3 Adolf Loos! Though there’s not always space …

U3 5 Herrengasse U2 Home to creatives: bags by R.Horn’s, lollipops from the Zuckerlwerkstatt, U4 handmade soap by Wiener Seife.

U1 #1010WIEN #INNERESTADT #FIRSTDISTRICT #ERSTERBEZIRK

A Kayser B Etages de Luxe C Palais Schottenring 70 apartments 43 apartments 40 apartments New builds Completion 2021 Completion 2020 Completion 2019 kayser.wien piment.at palais-schottenring.com NUMBER OF NEWLY BUILT APARTMENTS 246 PROPORTION OF ALL NEWLY BUILT APART- MENTS IN VIENNA 1.0%

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Steinbrenner Christian Sirius, ZOOMVP 2018 supplied, Photos: Social demographics 16,450 1.89 residents people per apartment

Household income €34,748 p. a. €22,173 p. a. Innere Stadt Vienna

Age distribution

25% Vienna 20%

15% Innere Stadt Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 8,888 Other APARTMENTS 1,160 Market growth

14,348 Occupied by Rental apartments Owner-occupied apartments Primary residence building owner 2018 as of 1st Jan 2016 166 127 38 2019 56

2020 82

2021 70 Owned 2022+ Source: Statistics Austria 4,134 Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€11,944 /m² €17,559 /m² €18.72 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

€20,000 Average m2 purchase €17,251 €200 m. 150 price (first occupancy) 15,000 150 100 €9,396 10,000 100

Average m2 purchase 50 5,000 price (existing) 50

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research LEOPOLDSTADT The green heart of Vienna The Prater park is made up of six million square metres of meadows, woods and water. And together with the Augarten and the Venediger Au park, it makes Leopoldstadt the greenest district in Vienna. Over half of the second district is covered in green spaces. And there’s another record worth mentioning: with 62 playground sites home to a total of 124 playgrounds, Leopoldstadt is the city’s clear winner for children. The hotspot for adults: the Karmeliter neighbourhood. Here bistros, eateries and art meet pre-war nd buildings. Students feel more at home in the Stuwerviertel neighbourhood around the Volkertmarkt, a lively area on the Danube Canal. In the making: the Nordbahn district 2 is being turned into a family-friendly neighbourhood.

Facts District guide AREA: 19.24 km² 1 Karmelitermarkt S PLAYGROUNDS: 124 Slow food, burgers at the CYCLE PATHS: 90 km Weinschenke, bread from the GREEN SPACES: 35.05% baker Öfferl: every Saturday on one of Vienna’s oldest markets. Source: City of Vienna 2 Skopik & Lohn U4 U1 PARK/GARDEN By far the most frequently named A C favourite restaurant of Viennese 1 creatives. Admire Otto Zitko’s 2 ceiling art. 5 U2 3 3 Mochi 4 B Always jam-packed, this mini U1 U2 U4 restaurant serves Japanese cuisine with a twist. Opposite: the takeaway S 6 o.m.k. with a new canteen. 4 Song This concept store complete with gallery launched the Praterstrasse’s success. 5 Supersense Recording studio, letterpress, physical photos, homemade cakes. Analogue specialities for all the senses.

6 WU Campus Zaha Hadid, CRAB Studio from #WIEN2 London, NO.MAD from Madrid – #PRATER the WU Campus is the centre of economics and business as well #AUGARTEN as an architectural showroom. #LEOPOLDSTADT

A Taborama B Korso C Bruno-Marek-Allee 210 apartments 179 apartments 128 apartments New builds Completion 2021 Completion 2020 Completion 2021 strabag-real-estate.at viertel-zwei.at kibb.at NUMBER OF NEWLY BUILT APARTMENTS 2,641 PROPORTION OF ALL NEWLY BUILT APART- 10.3% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Stemper Querkraft, WienTourismus/Christian One/OLN, supplied, Value Photos: Social demographics 105,574 2.05 residents people per apartment

Household income €21,177 p. a. €22,173 p. a. Leopoldstadt Vienna

Age distribution

25% Vienna 20%

15% Leopoldstadt Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 41,848 Other 3,469 APARTMENTS Market growth

53,895 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 224 63 1,940 342 2019 385

400 2020 224

Owned 234 2021 856

6,638 2022+ 200

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,963 /m² €6,196 /m² €12.64 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Net rent without service charges or VAT. Price development Based on condominium transactions Number of Volume transactions €7,500 €250 m. 1000 €5,984 200 Average m2 purchase 750 5,000 €4,540 price (first occupancy) 150 500 100 2,500 2 Average m purchase 250 price (existing) 50

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research LANDSTRASSE Vienna’s new modern Mitte Wien Mitte is a meeting point for buses, trains, trams, underground and suburban rail lines. And for Sudan, Italy, China and Cyprus – or at least their embassies. The so-called diplomatic quarter stretches between Reisnerstasse, Heumarkt and Renn- weg. Art can be found in the Weissgerberviertel thanks to Hundertwasser and in the Quartier Belvedere. Media and research have their HQ in the former abattoir of St Marx, while you can shop till you drop on the Rochusmarkt on Landstrasser Haupt- rd strasse. And the district still has space for green: in the Schweizergarten, Belvedere 3 garden, Stadtpark and by the Danube Canal.

Facts District guide AREA: 7.39 km² 1 Rochusmarkt S PLAYGROUNDS: 55 Formerly just a flower market, now the heart of the district with a butch- U4 CYCLE PATHS: 92 km 4 GREEN SPACES: 14.96% er, baker and local eateries like Stellas, Lingenhel and Moped. U3 Source: City of Vienna 2 Arenbergpark PARK/GARDEN Sunbathing, sports and dog areas, 1 a playground and the Meierei café – plus two flak towers codenamed 3 ‘Baldrian’. U4 B A 3 Steirereck The Reitbauers’ mirrored high-end 2 restaurant is not just one of the best in Vienna, but the seventeenth best restaurant in the world. In the middle of the Stadtpark.

4 Strandbar Herrmann City beach pioneer on the Danube C Canal. With silent disco, Sunday yoga and DJs, it’s one long happy hour.

S U3 5 Art and culture S Akademietheater for big shows, Rabenhof for small productions, and lots of historic sites: Mozart lived in the third, Beethoven composed Ode to Joy on Ungargasse.

#ROCHUSMARKT #BELVEDERE #WIEN3 #LANDSTRASSE

A TrIIIple B Am Heumarkt 25 C The Marks 480 apartments 240 apartments 200 apartments New builds Completion 2021 Completion 2020 Completion 2021 triiiple.at amheumarkt25.at oesw.at NUMBER OF NEWLY BUILT APARTMENTS 2,267 PROPORTION OF ALL NEWLY BUILT APART- 8.9% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations PHotos: supplied, ZOOMVP, Rüdiger Lainer + Partner Architekten ZT GmbH, WienTourismus/Paul Bauer (r) Social demographics 90,712 1.97 residents people per apartment

Household income €24,267 p. a. €22,173 p. a. Landstrasse Vienna

Age distribution

25% Vienna 20%

15% Landstrasse Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 40,377 Other 3,466 APARTMENTS Market growth

51,327 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 10 764 819 115 2019 312

374 2020 415

Owned 121 2021 700

6,665 2022+ 230

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,256 /m² €6,385 /m² €13.35 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

1200 2 €5,621 Average m purchase 300 1000 5,000 price (first occupancy) €4,270 800 200 600 2,500 2 Average m purchase 400 price (existing) 100 200

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research WIEDEN Cuisine and culture galore The district in a nutshell: densely built, near the Naschmarkt, loads of res taurants, tons of culture and the Schleifmühlgasse should be renamed ‘gallery street’. At the other end, the Südtiroler Platz has been gentrified thanks to the recently rebuilt Hauptbahnhof (main station) and the newly developed Quartier Belvedere. So much so that the U1 station wasn’t renamed ‘Hauptbahnhof Wien’ but a Viennese compromise: ‘Südtiroler Platz-Hauptbahnhof’. By the way: in this 4th district, people don’t live in Wieden but on the Wieden.

Facts District guide 1 Schleifmühlgasse AREA: 1.78 km² Christine König, Gabriele Senn, U2 PLAYGROUNDS: 38 U2 U1 Michaela Stock, Kerstin Engholm, CYCLE PATHS: 13 km Georg Kargl, unttld contemporary: GREEN SPACES: 9.97% U4 the Schleifmühlgasse is the city’s gallery mile. Source: City of Vienna 3

1 5 2 Freihaus neighbourhood Between Naschmarkt and Wiedner 2 B Hauptstrasse. Lots of eateries, 6 such as Amacord, Coté Sud. Fashion and furniture shops like Pregenzer U4 Fashion Store Vienna, Flo Vintage and Rauminhalt.

3 Karlsplatz Special at any time of year: Christ- mas market, Popfest music festival, Kino unter Sternen open-air cinema. And the new Wien Museum is under PARK/GARDEN construction. 4 Südtiroler Platz farmers’ market Every Friday farmers from local rural communities sell their produce A on the Wieden.

5 Around Karlskirche 4 The Rosa-Mayreder- and Resselpark together cover 4.5 ha and are the locals’ outdoor living room. U1 6 feinedinge* Sandra Haischberger’s porcelain workshop is unique – everything is handmade in Vienna.

A Blechturmgasse 32 B New Prestige #1040WIEN 68 apartments 58 apartments #WIEDEN Completion 2020 Completion 2019 New builds #FREIHAUSVIERTEL raiffeisen-wohnbau.at realtrade.at NUMBER OF NEWLY #KARLSPLATZ BUILT APARTMENTS 126 PROPORTION OF ALL NEWLY BUILT APART- 0.5% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Pixabay WohnBau/Jamjam, Raiffeisen supplied, Photos: Social demographics 33,319 1.94 residents people per apartment

Household income €24,719 p. a. €22,173 p. a. Wieden Vienna

Age distribution

25% Vienna 20%

15% Wieden Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 14,396 Other 1,322 APARTMENTS Market growth

19,333 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 18 29 279 2019 58

2020 68 Owned 2021 3,336 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,980 /m² €6,525 /m² €13.45 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €180 m. 400 Average m2 purchase €8,000 price (first occupancy) 150 €5,852 300 6.,000 120 €5,519 90 200 4,000 Average m2 purchase 60 2,000 100 price (existing) 30

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research MARGARETEN World-famous, central district The fifth district is world-famous – or at least Ziegelhofgasse 37 is. That’s where Falco lived when he wrote his global hit Der Kommissar. Artists have always loved Margareten. Now it’s students, creatives and start-ups who are breathing life into this formerly working- class area around the Naschmarkt and Margaretenplatz. Small eateries, craft companies th and fashion boutiques fill the Margaretenstrasse up to the palatial Margaretenhof house. In their midst: the legendary Filmcasino cinema. And the planned extension of the U2 is 5 gentrifying the neighbourhood around Matzleinsdorfer Platz.

Facts District guide U4 AREA: 2.01 km² 1 Filmcasino PLAYGROUNDS: 64 Classic ’50s cinema with a focus on CYCLE PATHS: 30 km Austrian film and evergreens. GREEN SPACES: 4.37% 2 Schlossquadrat Source: City of Vienna Restaurants galore including Trattoria 3 1 Margareta, Gergely’s Hofstöckl, Silberwirt, Cuadro. Across the road: PARK/GARDEN 2 Zum Alten Fassl. 6 3 Motto Restaurant and Bar 5 A permanent foodie feature for years now. Where international stars mingle with the motley Motto regulars. 4 4 Bruno-Kreisky-Park U4 Walk, play and hang out on hammocks strung between the trees. In memory A of the legendary politician. 5 Carla Mittersteig A treasure trove for a good cause. This is the Caritas charity’s second- hand store.

6 Wiental Terrace The bridge of friendship across the River Wien connects Margareten with Mariahilf, while the Wiental Terrace has added a new green space to the district.

#MARGARETEN #MATZLEINSDORF #5ERCITY #1050WIEN

New builds

NUMBER OF NEWLY BUILT APARTMENTS 17 A PROPORTION OF ALL Blechturmgasse 33 NEWLY BUILT APART- 17 apartments 0.1% Completion 2019 MENTS IN VIENNA winegg.at EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: Winegg, Clemens Fabry (r) Social demographics 55,640 1.93 residents people per apartment

Household income €19,794 p. a. €22,173 p. a. Margareten Vienna

Age distribution

30% Vienna

20% Margareten Housing market 10%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 25,256 Other 2,389 APARTMENTS Market growth

33,081 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 106 62 502 2019 17

2020 Owned 2021 4,934 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,579 /m² €5,892 /m² €11.61 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

€6,000 €5,329 €160 m. 700 2 Average m purchase 600 price (first occupancy) 120 €3,780 500 4,000 400 80 300 Average m2 purchase 2,000 price (existing) 40 200 100

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research MARIAHILF Shop, feast, climb stairs First of all, the sixth district is Vienna’s steepest: a 30-metre drop lies between Maria- hilfer Strasse and the Naschmarkt. Half of the former, lovingly called Mahü by locals, is in the sixth and has been transformed into an almost car-free shopping street over recent years. The Naschmarkt, which now belongs entirely to Mariahilf, has become a foodie magnet. Not to the delight of all Viennese. Between them lies Gumpendorfer 6th Strasse. Once a troubled area, now one of the coolest places in the city.

Facts District guide AREA: 1.46 km² 1 Theobaldgasse PLAYGROUNDS: 37 U2 Reborn as a foodies’ stomping CYCLE PATHS: 15 km ground with Akrap coffee roasters, GREEN SPACES: 2.06% Süsswasser fish restaurant, design store Habari. Source: City of Vienna U3 1 U4 U2 2 Flohmarkt am Naschmarkt 7,000 m2 of Art Nouveau atmosphere 3 with some 400 stalls. A must for U6 4 vintage fans every Saturday. 5 2 B 3 Raimundhof U3 A series of courtyards connecting Mariahilfer Strasse with Windmühl- gasse. Cafés and small shops await in every courtyard. A PARK/GARDEN 4 Fillgraderstiege A 30-metre drop between Maria- C hilfer Strasse and the Naschmarkt. Living in the steepest district means climbing stairs. For example the fourth most beautiful in Europe: the Fillgraderstiege. U6 U4 5 Haus des Meeres Aquarium inside a flak tower from World War II. With 360° rooftop restaurant.

#MARIAHILF #HAUSDESMEERES #MAHUE #NASCHMARKT

A Mollardgasse 11 B The Flatiron Vienna C Urban in Mariahilf 35 apartments 13 apartments 42 apartments New builds Completion 2019 Completion 2019 Completion 2021 mollardgasse11.aeterna.immo winegg.at bip-immobilien.at NUMBER OF NEWLY BUILT APARTMENTS 35 PROPORTION OF ALL NEWLY BUILT APART- 0.1% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Bauer WienTourismus/Paul supplied, Photos: Social demographics 32,069 1.88 residents people per apartment

Household income €23,150 p. a. €22,173 p. a. Mariahilf Vienna

Age distribution

30% Vienna

20%

Mariahilf Housing market 10%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 13,787 Other 1,545 APARTMENTS Market growth

18,545 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner as of 1st Jan 2016 43 2018 13 338 2019 29

2020 Owned 2021 6 2,875 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,332 /m² €7,051 /m² €13.55 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €8,000 €120 m. 400 Average m2 purchase €6,875 price (first occupancy) 100 6,000 300 €4,659 80

4,000 60 200

Average m2 purchase 40 2,000 price (existing) 100 20

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research NEUBAU Bobo and organic in pre-war buildings Those who live in Neubau (literally ‘new build’) live in old buildings. Because despite its name, only a tiny proportion of the buildings in the seventh district were actually constructed after the war. ‘Über den Linden’ is one of the few new examples. Neubau is Bobo heaven: people here are young, creative, single. The th streets behind the vibrant Mariahilfer Strasse with their small but special shops 7 and studios will get individualists’ hearts racing. Great restaurants everywhere.

Facts District guide AREA: 1.61 km² 1 MuseumsQuartier PLAYGROUNDS: 45 Sixty cultural institutions in one place. With art, architecture, music, CYCLE PATHS: 19 km fashion, dance, literature, culture U6 GREEN SPACES: 2.30% U2 for kids, and new media. Source: City of Vienna U3 2 Ulrichsplatz Church square with avant-garde fashion store Eigensinnig and the two soul food restaurants Ulrich 5 and Erich. 2 4 3 Hofmobiliendepot 6 This long-named museum is home to 1 one of the world’s largest furniture U2 collections with 165,000 objects.

A 4 Burggasse Meet-and-greet street with cult restaurants: Café Espresso, Wirr, 3 Chinabar, Das Möbel, and a bit further B out of town: Gasthaus Schilling. PARK/GARDEN U3 5 Weghuberpark Only a hectare but still the district’s biggest park, right U6 behind the Volkstheater.

6 Spittelberg The village in the seventh district. Famous for its Christmas market. #MQ Another reason to visit is the #BOBOVILLE restaurants: TIAN Bistro, Amerlingbeisl, Das Spittelberg. #WIENNEUBAU #1070WIEN

A Über den Linden B Kaiserstraße 6 103 apartments 12 apartments New builds Completion 2019 Completion 2019 strabag-real-estate.at kaiserstrasse6.at NUMBER OF NEWLY BUILT APARTMENTS 159 PROPORTION OF ALL NEWLY BUILT APART- 0.6% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Stemper www.kaiserstrasse6.at, supplied, Photos: WienTourismus/Christian Social demographics 32,467 1.85 residents people per apartment

Household income €24,327€24.327 p. a. €22,173 p. a. Neubau Vienna

Age distribution

30% ViennaWien

20%

Neubau Housing market 10%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 15,162 Other 1,346 APARTMENTS Market growth

19,087 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 30 328 2019 121

2020 38 Owned 2021 2,251 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€6,533 /m² €7,715 /m² €13.11 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions Average m2 purchase €7,000 price (first occupancy) €140 m. €6,083 400 6,000 120

5,000 €4,556 100 300 4,000 80

3,000 60 200 Average m2 purchase 2,000 40 price (existing) 100 1,000 20

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research JOSEFSTADT Smallest and most charming district The Josefstadt is Vienna’s smallest district. But the best things come in small packages! The noble families Auersperg, Damian, Schönborn and Strozzi built magnificent city palaces here that are still beguiling. Saunter through the eighth with your eyes open and you’ll find divine façades, charming shops, a stunning amount of restaurants and th organic shops. Here people buy extremely local, and the shopping streets are flourishing. The average resident is said to be middle class and educated. You’ll find them 8 at the Theater an der Josefstadt, the Kabarett Niedermair or at the oldest English- language theatre outside the UK: Vienna’s English Theatre.

Facts District guide AREA: 1,09 km² 1 Lerchenfelder Strasse PLAYGROUNDS: 18 Foodie street: Persian at Pars, CYCLE PATHS: 11 km Croatian at Konoba, Vietnamese at Nguyen’s Pho House, fish at GREEN SPACES: 1.83% PARK/GARDEN Goldfisch. Source: City of Vienna 2 Hamerlingpark U6 Tranquil green space in the centre of the eighth. Tip: Deli Bluem, one of U2 the first vegan restaurants in Vienna. A real classic around the corner: Café Hummel. 6 3 Albertgasse 3 A Brunch at the Wäscherei, spicy Thai 5 food at Mamamon, sweet treats at Cup Cakes and a drink at Albert. 2 4 Weinstube Josefstadt One typical feature of the Josefstadt is its beautiful inner courtyards. One such hidden oasis doubles as a Heuriger (wine tavern) on 1 Piaristengasse. 4 B 5 Schönbornpark At only a hectare, the largest park in U6 the district is technically minute. Must- U2 see: the Volkskundemuseum with its Hildebrandt Café and listed WC.

#WIEN8 6 Cocktail and cake #JOSEFSTADT The Birdyard is breathing new life into Viennese gastronomy. Right next #1080WIEN door: the city’s sweetest patisserie: #JOSEFSTAEDTERSTRASSE Crème de la Crème.

A Josefin B The Son 22 apartments 18 apartments New builds Completion 2020 Completion 2020 josefin.at crownd.at NUMBER OF NEWLY BUILT APARTMENTS 142 PROPORTION OF ALL NEWLY BUILT APART- 0.6% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: Immofair.at, 2016 ZOOMVP VESTWERK, Theater in der Josefstadt (r) Social demographics 25,662 1.95 residents people per apartment

Household income €24,523 p. a. €22,173 p. a. Josefstadt Vienna

Age distribution

25% Vienna 20%

15% Josefstadt Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 11,197 Other 1,299 APARTMENTS Market growth

14,867 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 41 270 2019 15

39 2020 88 Owned 2021 2,101 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,469 /m² €7,923 /m² €13.57 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €12,000 €90 m. 300 €9,836 10,000 Average m2 purchase 8,000 price (first occupancy) 60 200

6,000 €4,664 4,000 30 100 Average m2 purchase 2,000 price (existing)

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research ALSERGRUND The ninth: healthy, clever, delightful Alsergrund is a magnet for people with a high IQ. They study, live and work in the fields of medicine, mathematics, biology, chemistry, physics, geoscience, pharmaceutics and media studies. The number of PhDs in the ninth is vast – thanks in no small part to the AKH (general hospital) and private clinics here. This densely built district has perfect th infrastructure and a number of noteworthy addresses: the Servitenviertel including Porzellangasse, the Schubertgrätzel around Sobieskiplatz up to the Volksoper, the area 9 around the ‘Alsergrund cathedral’, i.e. the Votive Church. There’s a wind of change here and it’s blowing over the Althangründe near the Franz-Josefs-Bahnhof and down Berg- gasse with its new construction projects.

Facts District guide S U4 AREA: 2.97 km² 1 Campus Altes AKH Green oasis in the inner courtyards of PLAYGROUNDS: 42 U6 CYCLE PATHS: 30 km the former hospital. Many restaurants and outdoor dining areas. GREEN SPACES: 7.48%

Source: City of Vienna 2 Danube Canal & the Summerstage The summer hotspot along the A Danube Canal. The centrepiece is the 650 m2 terrace over the water. PARK/GARDEN 2 3 Servitenviertel Gourmet meeting place – with La Mercerie, Ristorante Scala, Caffè B a Casa, Suppenwirtschaft, Xocolat 3 Manufaktur, Pramerl & the Wolf 5 6 and a Thursday market. 4 Sigmund Freud Museum 4 C The history of Freud’s psychoanal- ysis, explained and exhibited in his former practice and apartment. 1 U2 Currently closed for renovation, reopening in May 2020. U4 5 Liechtensteinpark U6 Natural idyll in this densely built district. Designed by the Prince of U2 Liechtenstein in 1711, complete with Garden Palace. Privately owned but open to the public.

#IMNEUNTEN 6 Porzellangasse Shopping, culture and good food in #1090WIEN the ninth. With the Schauspielhaus #ALSERGRUND theatre, the cult inns Rebhuhn and #ALTESAKH Wickerl, and the MAST Weinbistro.

A Althan Park B Fuchsthallergasse 20 C Glou Glou 237 apartments 20 apartments 14 apartments New builds Completion 2019 Completion 2019 Completion 2020 6b47.com cpi.co.at glouglou.at NUMBER OF NEWLY BUILT APARTMENTS 176 PROPORTION OF ALL NEWLY BUILT APART- 0.7% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Bauer WienTourismus/Paul supplied, Photos: Social demographics 42,547 1.88 residents people per apartment

Household income €23,720 p. a. €22,173 p. a. Alsergrund Vienna

Age distribution

25% Vienna 20%

15% Alsergrund Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 20,834 Other 2,391 APARTMENTS Market growth

26,271 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 158 416 436 37 2019 125 Owned 2020 14 2,610 2021

2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,543 /m² €6,742 /m² €12.63 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Net rent without service charges or VAT. Price development Number of Based on condominium transactions Volume transactions €9,000 €8,371 €250 m. 500 8,000 7,000 200 400 2 6,000 Average m purchase price (first occupancy) 150 300 5,000 4,000 €4,592 2 100 200 3,000 Average m purchase 2,000 price (existing) 50 100 1,000 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research FAVORITEN The most residents, the most new builds Some 200,000 people favour Favoriten. That makes it the most populated district in the city and the fourth-largest ‘town’ in Austria. And it’s growing: there are lots of residential and commercial buildings under construction here. Brand-new neighbourhoods are springing up – the Quartier Belvedere th with the new Hauptbahnhof (main station), the Sonnwendviertel and the Wienerberg. This working-class district is gradually flourishing but still af- 10 fordable. Another one of the big developments is in Oberlaa. Why? Because the U1 has been extended here, now making it only a few minutes’ distance from the city centre.

District guide S Facts U1 1 Brotfabrik AREA: 31.83 km² Former industrial bakery, now PARK/GARDEN PLAYGROUNDS: 194 home to art and culture, and studio A CYCLE PATHS: 98 km apartments. Tip: art at Ernst Hilger, GREEN SPACES: 44.49% photos at OstLicht, vintage at Lilo’s by Lichterloh. 5 1 Source: City of Vienna 2 2 Tichy An ice cream institution. And the S S Reumannplatz around it is currently being completely revamped. C 6 3 Viennese escargots Andreas Gugumuck has revived an old custom: farming Viennese escargots. With a snail manufactory, tasting area, shop.

4 4 Oberlaa spa and park 86 ha of nature at the new terminus S of the U1. Local recreation area, now B U1 for inner-city-dwellers, too. 3 apartments 5 Viktor-Adler-Markt Traditional Viennese market. Food market founded in 1877 with old-school barkers and Favoriten S originals.

6 Böhmischer Prater The big Prater park’s little brother on the outskirts of the city. On the doorstep of the district’s green lung, the Laaer Berg. #1100WIEN #OBERLAA #FAVORITEN #WIENERBERG

A The Metropolitan Living B Südhang Oberlaa C Hoch Zehn 337 apartments 212 apartments 188 apartments New builds Completion 2021 Completion 2019 Completion 2021 invester.at suedhang-oberlaa.at 6b47.com NUMBER OF NEWLY BUILT APARTMENTS 3,479 PROPORTION OF ALL NEWLY BUILT APART- 13.6% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, Vero Digital, FindMyHome.at GmbH, Philipp Horak (r) Social demographics 201,882 2.17 residents people per apartment

Household income €19,047 p. a. €22,173 p. a. Favoriten Vienna

Age distribution

25% Vienna 20%

15% Favoriten Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 74,827 Other 5,247 APARTMENTS Market growth

97,092 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 432 1.037 5,169 342 2019 1.002

829 2020 525

Owned 180 2021 558 11,849 2022+ 43

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,775 /m² €4,374 /m² €11.34 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €5,000 €4,598 €350 m. 1500 2 Average m purchase 300 4,000 price (first occupancy) 1200 €2,958 250 3,000 900 200 2,000 600 Average m2 purchase 150 price (existing) 1,000 100 300

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research SIMMERING Source of fruit and veg in the south-east Simmering at a glance: low price bracket, still no gentrification. It’s what you would call a Flächenbezirk (densely populated district on the outskirts). The eleventh is a home-building hotspot. Kaiserebers- dorf, Mautner-Markhof- and Siemensgründe are the names of the new th developments. Almost half of Simmering is green, and half of that is used for agriculture. Greenhouses, fields of vegetables, allotments, 11 single-family houses, stables for the horses that draw the tourist carriages – and city expansion in their midst. An eye-catcher: the Gasometer houses a shopping centre, music venue and cinema.

Facts District guide AREA: 23.26 km² PLAYGROUNDS: 99 1 Schloss Neugebäude CYCLE PATHS: 69 km According to legend, this is where GREEN SPACES: 39.81% the Turks had their encampment in 1529. Now an event centre. Tip: the U3 S Source: City of Vienna medieval festival. S 2 Concordia Schlössl Home of schnitzel in Simmering. 4 Everything here revolves around S Austrian cuisine. 5 3 Alberner Hafen Trans-shipment harbour, site of the Open Air festival and the Baggerpark C 3 where after a short introduction you A 2 1 can operate giant diggers and move Simmering’s soil.

B 4 Riding Dinner Raimund Novotny and Marco Pollandt organise stable tours in 6 Simmering and culinary carriage PARK/GARDEN rides. Rappachgasse 34a. S 5 Biofeigenhof This farm is all about organic figs and rare vegetables. With farm shop and large outdoor dining area. Am Himmelreich 325.

#1110WIEN 6 Zentralfriedhof Long-term home to roughly three #SIMMERING million Viennese. The cemetery is #BIOFEIGENHOF a popular site for excursions, walk- #GASOMETER ing and jogging.

A Garten z`Haus B Condo 11 C Simmpathie 11 32 apartments 59 apartments 47 apartments New builds Completion 2020 Completion 2020 Completion 2020 gartenzhaus.at whitestonegroup.at wohngut.at NUMBER OF NEWLY BUILT APARTMENTS 1,170 PROPORTION OF ALL NEWLY BUILT APART- 4.6% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, Stanislav Kogiku (r) Social demographics 101,420 2.18 residents people per apartment

Household income €20,374 p. a. €22,173 p. a. Simmering Vienna

Age distribution

25% Vienna 20%

15% Simmering Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 37,982 Other APARTMENTS 1.,828 Market growth

46,962 Rental apartments Owner-occupied apartments Primary residence Occupied by 2018 as of 1st Jan 2016 building owner 153 268 3,035 2019 93

49 2020 346

Owned 682 2021 4,117 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,114 /m² €4,413 /m² €10.88 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €4,500 €140 m. 700 2 €3,901 4.000 Average m purchase 120 600 3,500 price (first occupancy) 100 500 3,000 €2,739 2,500 80 400 2,000 60 300 Average m2 purchase 1,500 price (existing) 40 200 1,000 20 500 100 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research MEIDLING Family district with unique dialect The ‘Meidling L’ is the district’s main export. That’s the name given to the south-Viennese dialect that emphasises that particular consonant. It’s increasingly dying out in Bobo areas with lots of organic produce like the Meidlinger Markt. And in the new neighbourhoods being constructed th in Altmannsdorf or around the brick building of the former Badner Bahn depot. Families love the Tivoli neighbourhood near Schönbrunn Palace 12 and green Hetzendorf. Local culture is provided by the citizens’ initiative ‘Wir sind 12’. For shops head to the revamped and now pedestrianised promenade: Meidlinger Hauptstrasse.

District guide Facts U6 1 Meidlinger Markt AREA: 8.10 km² U4 PLAYGROUNDS: 106 Resurrected market celebrated U4 by the media and the glitterati. CYCLE PATHS: 53 km Tip: Wirtschaft am Markt, Marct- GREEN SPACES: 12.49% 4 Standl and Feinkost Anna. Source: City of Vienna 2 Werk X 1 S Fringe theatre in a former cable factory. Meeting place for culture and stage fans at Oswaldgasse 35A.

3 Theodor-Körner-Park 3 With its Wasserwald (‘water forest’) A installation and lots of shade, this S C 2 is the perfect place on hot summer days. 5 4 U4 PARK/GARDEN Not the underground line but the legendary nightclub. Has hosted live performances by Falco, Kurt B Cobain and Die Toten Hosen. 5 Schloss Hetzendorf S S Place to relax with palace park, U6 food and on-site fashion school.

#MEIDLING #1120WIEN #TIVOLI #HETZENDORF

A Wohnen in B Wildgarten C Elf Zwanzig Altmannsdorf 82 apartments 24 apartments New builds 35 apartments; FS 2021 Completion 2022 Completion 2020 teamneunzehn.at are.at elfzwanzig.wien NUMBER OF NEWLY BUILT APARTMENTS 789 PROPORTION OF ALL NEWLY BUILT APART- 3.1% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations teamneunzehn.at,Photos: Stabilitas Schreiner/Kastler, Loci, Grätzlhotel/Meidlinger Karnicnik Markt Ingo (r) © Social demographics 97,624 2.06 residents people per apartment

Household income €19,779 p. a. €22,173 p. a. Meidling Vienna

Age distribution

25% Vienna 20%

15% Meidling Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 37,982 Other APARTMENTS 3,198 Market growth

50,696 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 308 2,358 4 2019 118

331 2020 73

Owned 58 2021 123 7,158 2022+ 82

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,063 /m² €4,800 /m² €10.18 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €6,000 €250 m. 1200 €4,905 5,000 2 1000 Average m purchase 200 4,000 price (first occupancy) €3,637 800

3,000 150 600

2,000 Average m2 purchase 400 price (existing) 100 1,000 200

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research HIETZING Posh, green village with elephants One thing’s certain: nowhere else in Vienna are there as many elephants, giraffes and lions as in Hietzing. They live at Schönbrunn Zoo, Europe’s oldest zoo. Though they would have plenty of space to roam free: two thirds of Hietzing are green spaces. The Baroque palace gardens! The wild th Lainzer Tiergarten! The Roter Berg! The thirteenth’s proximity to Schön- brunn Palace meant that it used to be popular among the aristocracy. 13 Today it’s dominated by historical villas, mid-nineteenth-century houses and well-tended front gardens. Life is placid in Ober- and Unter-Sankt-Veit, Lainz, Hacking and Speising. ‘Hietzing is a village’, its residents say.

Facts District guide AREA: 37.72 km² 1 Lainzer Tiergarten PLAYGROUNDS: 54 2,450 ha nature reserve with free-roaming boar and Empress CYCLE PATHS: 59 km Sisi’s Hermesvilla complete with GREEN SPACES: 70.31% Labstelle restaurant. Source: City of Vienna S 2 Hietzinger Platzl Gourmet meeting place with Tafel- spitz (boiled beef) at Plachutta, coffee and cake at Café Dommayer, U4 pasta at Mario. S 3 Altgasse B The district’s organic centre with health food shops, juice bar, 5 C U4 2 4 wholemeal bakery and stalls on 1 3 Saturdays. A 6 4 Schönbrunn The palace garden is popular with S runners. Mums take a break at Landtmann’s Jausen Station.

5 Klimt Villa, Klimt Studio Built at Feldmühlgasse 11 in 1920 – the artist’s last studio in Vienna. PARK/GARDEN 6 Waldemars Tagesbar At Altgasse 6, Waldemar Jud has breathed new life into Hietzing’s culinary offerings. Perfect for breakfast.

#SCHOENBRUNN #1130WIEN #HIETZING #LAINZ

A Eden 13 B Amalia 54 C David Chipperfield 79 apartments 30 apartments Residences New builds Completion 2020 Completion 2020 17 apartments; FS 2020 teamneunzehn.at project-immobilien.at crownd.at NUMBER OF NEWLY BUILT APARTMENTS 286 PROPORTION OF ALL NEWLY BUILT APART- 1.1% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Rigaud VESTWERK, WienTourismus/Peter ZOOMVP 2018 teamneunzehn.at, supplied, Photos: Social demographics 54.,265 2.04 residents people per apartment

Household income €29,402 p. a. €22,173 p. a. Hietzing Vienna

Age distribution

25% Vienna 20%

15% Hietzing Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 16,150 Other 3,010 APARTMENTS Market growth

31,335 Rental apartments Owner-occupied apartments Primary residence 2018 as of 1st Jan 2016 48 Occupied by 2019 52 building owner 2020 211 5,509 2021 23 Owned 2022+ 6,666 Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers

Condominium offer Price per m2 usable floor area

€4,695 /m² €6,633 /m² €12.64 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Net rent without service charges or VAT. Price development Based on condominium transactions Number of Volume transactions Average m2 purchase €6,000 price (first occupancy) €5,413 €200 m. 600 5.,000 500 €4,123 150 4,000 400

3,000 Average m2 purchase 100 300 2,000 price (existing) 200 50 1,000 100

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research PENZING Otto Wagner’s home by the Vienna Woods The architect Otto Wagner changed the face of Vienna. And especially his district, Penzing. With its striking cupola, the Church at the Steinhof turns heads from afar. Around it lies the hospital named after him, which might soon become a university campus. Wagner also designed Hütteldorf sta th tion, now the terminus of suburban rail lines and the U4. He designed lots of other former light urban railway stations, too. And of course he lived 14 here himself – in two villas. One of them is now home to the Ernst Fuchs Museum. Residents of the Hadersdorf neighbourhood live in the Vienna Woods, while those in Breitensee live the village life. Things are more urban in Baumgarten and Penzing itself. Last but not least, the fourteenth has its own – admittedly small – ski resort: the Hohe-Wand-Wiese. With toboggan run and mountain bike trail.

Facts District guide AREA: 33.76 km² 1 Technisches Museum PLAYGROUNDS: 59 22,000 m2 of technological won- CYCLE PATHS: 80 km ders. With dedicated children’s areas and labs to experiment GREEN SPACES: 59.90% yourself. Source: City of Vienna 2 Matznerviertel Living up to its true potential with Taubenmarkt, the Sargfabrik housing and cultural project, a public bookcase and new shared PARK/GARDEN space on Goldschlagstrasse.

3 Schloss Laudon Vienna’s only moated palace, sur- S 3 rounded by ten hectares of park.

S 4 Velobis U3 Bike bistro in the former Gloriette 6 cinema. Considered a gentrifica- 5 C tion pioneer in the district. B 2 U4 U3 4 A 5 Allianz Stadion 1 S It is the pilgrimage site for all Rapid Vienna fans – brand new since U4 2016. Tip nearby: the Japanese S restaurant Yume on Linzer Strasse.

6 Steinhofgründe Recreation area with meadows, #OTTOWAGNER #PENZING footpaths and views of Vienna #WIEN14 #HUETTELDORF close by Baumgartner Höhe #1140WIEN hospital. Ideal for a picnic.

A Linzer Strasse 71 B Mossbachergasse 12 C Colibri 23 apartments 68 apartments 62 apartments New builds Completion 2019 Completion 2019 Completion 2021 rvw.at msbau.at colibri.at NUMBER OF NEWLY BUILT APARTMENTS 1,267 PROPORTION OF ALL NEWLY BUILT APART- 5.0% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, www.rvw.at, ZOOMVP 2017 Vestwerk, Michael Simmer (r) Social demographics 92,752 2.03 residents people per apartment

Household income €23,520 p. a. €22,173 p. a. Penzing Vienna

Age distribution

25% Vienna 20%

15% Penzing Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 33,009 Other WOHNUNGEN 3,278 Market growth

51,153 Rental apartments Owner-occupied apartments Primary residence Occupied by 2018 369 as of 1st Jan 2016 building owner 7,512 18 2019 361 21 2020 222

13 2021 242 Owned 7,354 2022+ 390 Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

/m² /m² /m² €3,977 €5,698 €11.09 purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €6,000 €250 m. 900 €5,059 2 5,000 Average m purchase 200 price (first occupancy) 4,000 €3,485 600 150 3,000 2 100 2,000 Average m purchase 300 price (existing) 50 1,000

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research RUDOLFSHEIM-FÜNFHAUS The optimist: creative and up-and-coming For many, many years, people have been saying: the fifteenth is up- and-coming! And their prediction is slowly coming true. Attributes like affordable, young, friendly apply to vibrant neighbourhoods like the Ni- belungenviertel, Sechshaus, Rustenviertel, the creative Reindorfgasse th and the area behind the Westbahnhof station. Thirty-eight playgrounds and fifteen parks plus good public transport connections with the U3 15 are all great arguments for moving here. As is the revamped Schwen- dermarkt. The days of only going to the fifteenth for a concert in the Wiener Stadthalle – Austria’s largest event centre – are long gone.

Facts District guide AREA: 3.92 km² 1 Meiselmarkt PLAYGROUNDS: 70 The only indoor market in Vienna. On two floors. Good prices for CYCLE PATHS: 30 km U6 fruit, veg, fish. GREEN SPACES: 8.55%

Source: City of Vienna 2 Reindorf-Grätzel U3 6 Along Reindorfgasse and around Sparkassaplatz there’s row upon 3 row of creative offices, shops and 1 PARK/GARDEN cafés. Trendy eateries like Eduard C are attracting new visitors.

5 U3 S 3 Foodie-Spot Gourmet surprise in the district: toque-winning chef Sören Herzig S serves seven courses in his fine- dining restaurant.

Turnhalle 4 4 2 The former Jewish gym in the U4 creative complex Brick-5 is one A of Vienna’s best addresses for U4 B breakfast and brunch. 5 Glasfabrik Some call it shabby, vintage or industrial. The Glasfabrik calls it furniture with patina and character. U6 A treasure trove.

#RUDOLFSHEIMFUENFHAUS 6 Schutzhaus Zukunft auf der Schmelz Legendary restaurant among allot- #1150WIEN ment garden dwellings. Viennese #REINDORFGASSE comfort food, big playground, #NIBELUNGENVIERTEL Sunday outing destination.

A Wohnzeile 15 B Diefenbachgasse 7-9 C Preysinggasse 29 81 apartments 76 apartments 35 apartments New builds Completion 2019 Completion 2020 Completion 2020 buwog.at strauss-immobilien.at rvw.at NUMBER OF NEWLY BUILT APARTMENTS 615 PROPORTION OF ALL NEWLY BUILT APART- 2.4% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, Stephan Huger, www.rvw.at, Michael Simmer (r) Social demographics 79,029 2.03 residents people per apartment

Household income €17,528 p. a. €22,173 p. a. Rudolfsheim-Fünfhaus Vienna

Age distribution

25% Vienna 20%

15% Rudolfsheim-Fünfhaus Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 33,705 Other 2,769 APARTMENTS Market growth

41,465 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 11 150 880 165 2019 92

192 166 Owned 2020 4,111 2021 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,870 /m² €4,803 /m² €12.64 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €4,271 €4,500 Average m2 purchase €160 m. 700 price (first occupancy) €3,580 140 600 120 500 3,000 100 400 80 2 300 Average m purchase 60 1,500 price (existing) 40 200 20 100 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research OTTAKRING Coffee, malt and jam in OTK It smells good in OTK, as the sixteenth is known by its residents. Because Ottakring is home to the coffee-roaster Meinl, the jam-maker Staud’s and the Ottakringer Brewery. Creatives, artists and multicul- turalism now make this former suburb an ‘idyll for eclectic high-earn- th ers’, according to the German newspaper Die Zeit. With SOHO, Otta- kring even has its own art festival. The poshest part of the sixteenth 16 lies beyond the Maroltingergasse, where there are Art Nouveau villas on the Wilhelminenberg, also known as Gallitzinberg or Predigtstuhl. But one thing’s certain: the Jubiläumswarte is the summit.

4 Stadtwanderweg 4 District guide See the district’s green side with this hike that starts and ends at the U3 1 Ottakringer Brauerei station Ottakring. Event centre for concerts, markets and the legendary brewing culture 5 Kent Restaurant weeks in the summer. Charcoal-grilled doner kebabs, home- Facts made mezze, iftar buffet during Rama- 2 Schloss Wilhelminenberg dan: the first link in this chain of Turk- AREA: 8.67 km² 12,000 m2 park with a palace at the ish restaurants. On the Brunnenmarkt. PLAYGROUNDS: 72 centre. Stunning view of Vienna! CYCLE PATHS: 40 km 6 10er Marie GREEN SPACES: 30.12% 3 Plachuttas Grünspan Spritzer institution on Ottakringer If you’ve never been to Grünspan, you Strasse since 1740, which makes the Source: City of Vienna don’t know Ottakring. Pub with Vien- 10er Marie the city’s oldest Heuriger nese cuisine and attractive pub garden. (wine tavern).

PARK/GARDEN

2 6 U6 1 3 4 U3 B C A #OTK 5 #OTTAKRING #WIEN16 #WILHELMINENBERG S U3 U6

A Huttengasse 27 B Grundstein 4 C Lindauergasse 17 185 apartments 28 apartments 42 apartments New builds Completion 2020 Completion 2021 Completion 2021 rvw.at project-immobilien.at lindauergasse17.at NUMBER OF NEWLY BUILT APARTMENTS 834 PROPORTION OF ALL NEWLY BUILT APART- 3.3% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Bauer www.rvw.at, supplied, Photos: WienTourismus/Paul Social demographics 104,627 2.04 residents people per apartment

Household income €19,702 p. a. €22,173 p. a. Ottakring Vienna

Age distribution

25% Vienna 20%

15% Ottakring Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 43,396 Other APARTMENTS 4,126 Market growth

57,339 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 13 106 2,833 124 2019 287

37 2020 285

Owned 2021 101 6,984 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,074 /m² €5,019 /m² €13.06 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €6,000 Average m2 purchase €200 m. 1000 price (first occupancy) €4,484 800 150 4,000 €3,762 600 100 400 2,000 Average m2 purchase 50 price (existing) 200

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research HERNALS 1170: a very normal suburb The seventeenth is a bit of everything. You could even say it’s the very normal face of Vienna, writes Die Presse newspaper. Quieter than its neighbour Ottakring, yet wilder than Währing. But at bottom a hipster- free zone. The word ‘suburb’ describes Hernals well: half of the district th is green, tranquil and placid and lies on the edge of the Vienna Woods. The closer to the city centre, the more shops, eateries and performance 17 venues (Metropol and Kulisse) there are. With the planned U5, there will be a direct connection from Elterleinplatz to Karlsplatz. What else makes Hernals unique? The Manner chocolate factory, the Jörgerbad pool and the Sport-Club.

Facts District guide 4 Metropol Theatre with a mix of international AREA: 11.39 km² 1 Kunsteisbahn Engelmann and national events, from musicals PLAYGROUNDS: 33 A one-off in Vienna dating back to cabarets and concerts. CYCLE PATHS: 36 km to 1909. An open-air ice rink on the roof of a shopping centre. 5 Klee am Hanslteich GREEN SPACES: 52.91% Idyllic location for a restaurant on Source: City of Vienna 2 Schwarzenbergpark the bank of the small Hanslteich in This 80 ha park is the oldest the Vienna Woods. With a footpath landscaped garden in Austria. around the lake.

3 Marswiese 6 Manameierei Sports centre in the countryside. On the edge of the Schwarzenberg- Climb or play tennis, football or park. Starting and refuelling point volleyball in the middle of the for walkers in the Vienna Woods. Vienna Woods. Exelbergstrasse.

6 2 5 3 PARK/GARDEN #HERNALS #1170WIEN #NEUWALDEGG S C #DORNBACH

U6 A B 1 S 4

A Rosensteingasse 14 B Blumengasse 54 C Wien-Blick & Weingarten 28 apartments 33 apartments 10 apartments New builds Completion 2019 Completion 2019 Completion 2019 fih-real.at jpi.at piment.at NUMBER OF NEWLY BUILT APARTMENTS 216 PROPORTION OF ALL NEWLY BUILT APART- 0.8% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, Vermehrt GmbH, Kunsteisbahn Engelmann (r) Social demographics 57,546 2.05 residents people per apartment

Household income €20,935 p. a. €22,173 p. a. Hernals Vienna

Age distribution

25% Vienna 20%

15% Hernals Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 22,233 Other 2,132 APARTMENTS Market growth

32,846 Rental apartments Owner-occupied apartments Primary residence Occupied by 2018 as of 1st Jan 2016 building owner 64 3,599 20 2019 100

2020 63

2021 33 Owned 4,882 2022+ Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,452 /m² €5,564 /m² €12.38 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €140 m. 600 €6,000 2 Average m purchase €4,981 120 5,000 price (first occupancy) €3,928 100 4,000 400 80 3,000 60 2 2,000 Average m purchase 200 price (existing) 40 1,000 20

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research WÄHRING Posh and sought-after. Neighbours know each other Lunch at the Steirerstöckl inn and then a walk to the Pötzleinsdorfer Schloss park will tell you a lot about this district: classic Austrian cuisine on your plate, lots of exclusive cars parked outside, almost exclusively families. Währing is more where people sleep than where they live. Trendy cafés and th hip restaurants? You’re in the wrong place. But there is lots of green, lots of forest and lots of villas. Well worth seeing: the homes styled after English 18 country houses in the Cottage (pronounced ‘cott-etch’) quarter. Locals are proud of their neighbourhoods: they consider themselves residents of Pötz- leinsdorf, Gersthof or Weinhaus. And they know and greet each other.

District guide 3 Cottageviertel Facts Little England on the border with AREA: 6.35 km² 1 Türkenschanzpark Döbling. Elegant villas, many of PLAYGROUNDS: 58 Skate on ponds, sunbathe on them embassies. Ideal for long walks. CYCLE PATHS: 31 km lawns, walk on winding paths, eat and drink at Meierei Diglas. GREEN SPACES: 26.96% Named after the Turks’ second 4 Hollerkoch One of the few places for gourmets Source: City of Vienna Siege of Vienna in 1683. to go in the eighteenth district. 2 Kutschkermarkt Run with heart and soul by Marcus One of Vienna’s oldest street mar- Krapfenbauer. kets. Selling fruit, veg, meat and bread since 1885. Gourmet tip: 5 Sternwartepark Mystical, rambling park. In the cen- Pöhl deli. Eat at: Wilde Ehe. tre: the university’s Department of Astrophysics, the largest astronom- ical research institute in Austria.

6 Aumannplatz PARK/GARDEN Brunchers and latte drinkers meet C at Café Aumann. In summer enjoy S a gelato at Eis wie Damals. 1 U6 #WAEHRING 4 5 #1180WIEN 3 #KUTSCHKERMARKT 6 #TUERKENSCHANZPARK S 2 A B

A Martinstraße 9 B Schopenhauerstraße 26 C Hawelgasse 17 37 apartments 36 apartments 20 apartments New builds Completion 2019 Completion 2019 Completion 2020 cp-ag.at rvw.at winegg.at NUMBER OF NEWLY BUILT APARTMENTS 284 PROPORTION OF ALL NEWLY BUILT APART- 1.1% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: C&P Immobilien AG, www.rvw.at, Winegg, WienTourismus/Paul Bauer (r) Social demographics Posh and sought-after. 51,647 1.97 Neighbours know each other residents people per apartment Household income €25,137 p. a. €22,173 p. a. Währing Vienna

Age distribution

25% Vienna 20%

15% Währing Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 20,502 Other 2,586 APARTMENTS Market growth

30,904 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 78 2,311 12 2019 122

14 2020 103

Owned 2021 33 5,505 2022+ Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,403 /m² €6,218 /m² €14.10 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €7,000 Average m2 purchase €200 m. 700 €5,782 6,000 price (first occupancy) 600 150 5,000 500 €4,129 4,000 400 100 3,000 Average m2 purchase 300 2,000 price (existing) 50 200 1,000 100

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research DÖBLING Flying high in the west When you hear Döbling being described as a posh district, you imme diately think of the Furwerkerhäuser (horse and cart houses) in Grin- zing and the villas by the Vienna Woods in Sievering and Oberdöbling. There are numerous destinations with stunning views of the city: Cobenzl, Himmel, Kahlenberg! Small-talk titbit about Döbling: it’s home to Schlumberger, the oldest sparkling winemaker in Austria. It’s also th where Juan Amador works, Austria’s only chef to have been awarded three stars. At 1,100 metres, Döbling also boasts the longest residential 19 building in the world: the Karl-Marx-Hof. And the nineteenth has Vien- na’s highest summit: the Hermannskogel at 542 metres.

Facts District guide AREA: 24.94 km² S 1 Viennese Heurige (wine taverns) PLAYGROUNDS: 63 334 hectares of Döbling are used CYCLE PATHS: 49 km for viticulture. Tip: the cultural Heuriger Schübel-Auer, Kahlen- GREEN SPACES: 47.79% 4 berger Strasse 22. Source: City of Vienna A 2 Neustifter Kirtag A custom in honour of Empress PARK/GARDEN Maria Theresa: this four-day fair brings some 100,000 people to Neustift every August. 3 3 Höhenstrasse It’s a bumpy journey up this scenic route with a traditional cobblestone 1 surface. Vienna’s longest road ends in Döbling. 5 S 2 4 Kahlenbergerdorf Perfect starting point for walks. From the Heuriger Zum Pospisil U4 up to Hirt and Wieninger. 5 Mayer am Pfarrplatz Vineyard with a nice Heuriger on Pfarrplatz, the longstanding C Pfarrwirt restaurant and the casual B Mayer am Nussberg. S U6 #DOEBLING #1190WIEN S U4 U6 #NEUSTIFT #COBENZL

A The Shore B Kontor Neunzehn C Wohnresidenz Zögernitz 111 apartments 53 apartments 46 apartments New builds Completion 2020 Completion 2021 Completion 2019 wohnkonzept.co.at winegg.at zoegernitz.com NUMBER OF NEWLY BUILT APARTMENTS 569 PROPORTION OF ALL NEWLY BUILT APART- 2.2% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Rigaud WienTourismus/Peter Brennwald, ZOOMVP Winegg, 2017 Wohnkonzept, Photos: Social demographics 72,650 2.00 residents people per apartment

Household income €26,607 p. a. €22,173 p. a. Döbling Vienna

Age distribution

25% Vienna 20%

15% Döbling Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 26,049 Other 3,620 APARTMENTS Market growth

41,910 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 70 3,712 9 2019 314

2020 67

Owned 2021 179 8,529 2022+

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€5,967 /m² €7,573 /m² €13.80 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

€8,000 Average m2 purchase €7,043 €300 m. 700 7,000 price (first occupancy) 250 600 6,000 500 €4,733 200 5,000 400 4,000 150 300 3,000 2 Average m purchase 100 200 2,000 price (existing) 50 1,000 100 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research BRIGITTENAU Interfluve with potential Twenty-five bridges lead to Brigittenau. The district lies like an island sandwiched between the Danube river and the Danube Canal. By the border to the second district, between Gauss-, Wallenstein- and Sachsen- platz, residents live like Bobos. They flock to Hannovermarkt, breakfast at Vindobona, party at Shelter. And the urban area is growing. One of the city’s new residential areas is taking shape on the grounds of the th Nordwestbahnhof station: it’s 44 hectares and very green. A blank on the trend map: the neighbourhood between Dresdner Strasse and 20 Handelskai. But it is home to the biggest cinema in Austria in the Millennium City tower.

Facts AREA: 5.71 km² District guide PLAYGROUNDS: 56 CYCLE PATHS: 33 km 1 Hannovermarkt S Exciting combination of domes- GREEN SPACES: 8.91% tic and Middle Eastern produce. Source: City of Vienna Neither chic nor hip, just Viennese.

PARK/GARDEN 2 Wallensteinplatz 4 Place for lunch and brunch in U4 S 1220 Vienna. Culinary tip: Burger Brothers, Café Vindobona.

3 Millennium Tower U6 Not just a very tall high-rise (202 m) but also a shopping centre, cinema, gym, office and 3 apartment block. 4 Danube Island A The nearby northern, quieter part of the Danube Island is ideal U6 B C 1 for walking, running, skating and 2 5 cycling. 5 Mraz & Sohn Family business, one of the best restaurants in Vienna. S Even Madonna has eaten here. U4 #BRIGITTENAU #1220WIEN #WALLENSTEINPLATZ #NORDWESTBAHNHOF

A Engerthstrasse 102 B DRE Wohnturm C Loft 68 76 apartments 400 apartments 7 apartments New builds Completion 2019 Completion 2021 Completion 2019 davincigroup.eu querkraft.at piment.at NUMBER OF NEWLY BUILT APARTMENTS 220 PROPORTION OF ALL NEWLY BUILT APART- 0.9% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, s+b gruppe/querkraft/OLN, Regus (r) Social demographics 87,239 2.05 residents people per apartment

Household income €18,515 p. a. €22,173 p. a. Brigittenau Vienna

Age distribution

25% Vienna 20%

15% Brigittenau Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 36,779 Other APARTMENTS 2,485 Market growth 45,993 Occupied by Rental apartments Owner-occupied apartments Primary residence building owner 2018 70 as of 1st Jan 2016 533 76 2019 84

Owned 2020 25 6,196 2021 2022+ 35

Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,788 /m² €5,979 /m² €13.47 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €6,000 €160 m. 800 €5,074 140 700 5,000 2 Average m purchase 120 600 4,000 price (first occupancy) €3,483 100 500 3,000 80 400 60 300 2,000 Average m2 purchase price (existing) 40 200 1,000 20 100 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research FLORIDSDORF Space, wine and water on the ‘other’ side of the Danube Over the water in ‘Transdanubien’, the pace of life is slower. The twenty- first is characterised by space, wine and water. Together, the Danube and the Old Danube are ‘Vienna’s sea’. The Bisamberg and the Danube Island are vast recreation areas. The district is largely villagey, quiet, no st tourists. Young families in particular appreciate the still affordable housing here. So new builds and council houses are popping up alongside wine- 21 growers’ houses and old centres. Even now you can sense the history of the villages that combined to form Floridsdorf. The people who live here think of themselves as being from Stammersdorf, Jedlesee, Strebersdorf, Gross-Jedlersdorf or Schwarzlackenau.

Facts District guide AREA: 44.44 km² 1 Stammersdorfer Kellergasse PLAYGROUNDS: 143 Ideally, you should start at the Heu- CYCLE PATHS: 172 km 1 riger (wine tavern) Wieninger and walk all the way up Stammersdorf- GREEN SPACES: 40.56% er Kellergasse to Weingut Göbel. Source: City of Vienna C 2 Old Danube Swim in the Angelibad pool, then S eat at the Creperie or the beachside inn Birner.

Jedlersdorfer Heurige U1 S 3 Start at Heuriger Christ at Amts- 3 strasse 12, one of the first in Vienna in a modern design. Then on to the Bernreiter Buschenschank (wine 5 tavern with proprietary new wines) A and to the Lentner Heuriger. U6 B 4 Wasserpark Idyllic green oasis with footpaths, U1 bridges, exercise equipment and 4 lots of water from the Old Danube. 2 5 Floridsdorfer Markt S U6 Also known as Schlingermarkt. Farmers come here from the Wein- PARK/GARDEN viertel (Lower Austria) to sell their produce on Fridays and Saturdays.

#FLORIDSDORF #1210 #STAMMERSDORF #STREBERSDORF

A Am Park B Leo am Park C Cuvée 1.383 apartments 113 apartments 110 apartments New builds Completion 2020 Completion 2021 Completion 2020 are.at wohnkompanie.at cuvee-wohnungen.at NUMBER OF NEWLY BUILT APARTMENTS 2,567 PROPORTION OF ALL NEWLY BUILT APART- 10.1% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, Beyer, brandEstate, WienTourismus/Paul Bauer (r) Social demographics 162,779 2.13 residents people per apartment

Household income €22,330 p. a. €22,173 p. a. Floridsdorf Vienna

Age distribution

25% Vienna 20%

15% Floridsdorf Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 55,297 Other APARTMENTS 3,607 Market growth

76,990 Rental apartments Owner-occupied apartments Occupied by Primary residence building owner 2018 as of 1st Jan 2016 33 558 10,345 272 2019 450

360 2020 867

Owned 2021 469 7,741 2022+ 149 Source: Statistics Austria Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,834 /m² €4,447 /m² €11.74 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

Source: Otto Immobilien Research Source: EXPLOREAL * Rental apartments currently on offer for which the rent ceilings pursuant to section 16 para. 2 of the Austrian Landlord and Tenant Act (Mietrechtsgesetz, MRG) do not apply. Price development Net rent without service charges or VAT. Based on condominium transactions Number of Volume transactions €4,500 €4,267 €250 m. 1200 2 4,000 Average m purchase 1000 €3,401 200 3,500 price (first occupancy) 800 3,000 150 2,500 Average m2 purchase 600 2,000 100 price (existing) 400 1,500 50 200 1,000 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research DONAUSTADT The district with the most records It’s the district of superlatives: the Donaustadt is Vienna’s largest district. It’s where the most homes are currently being built. The population density is growing quickest here. With the DC Tower, the twenty-second is home to the country’s tallest building. More skyscrapers are on the nd way, like the Danube Flats. Aspern Seestadt is one of the largest urban development projects in Europe. The Donaustadt has the most cars but 22 also the most square metres of playground and the highest number of cycle paths. And lots of recreation areas: the Lobau national park, the Danube Island and the largest public pool in Austria, the Gänsehäufl. Facts AREA: 102.3 km² PLAYGROUNDS: 189 District guide CYCLE PATHS: 253 km GREEN SPACES: 54.82% PARK/GARDEN 1 Bootshaus Dine on the waterfront as if in Source: City of Vienna a chic rowing club. U1 2 CopaBeach Take the underground to this sandy beach complete with yoga and drinks. B C 3 Sichuan 3 A 6 Chinatown restaurant with tradi- S 1 tional cuisine in the Donaupark.

U1 5 4 Portobello U2 Italian restaurant in the young- 2 4 est neighbourhood in the district, Seestadt. U2 5 Gärtnerei Bach S Rare vegetables and flowers: a long-standing garden centre.

6 Metamarkt For vintage fans: flea market in a revamped factory.

#DONAUSTADT #NEUEDONAU #ALTEDONAU #COPABEACH

A Danube Flats B Vienna TwentyTwo C Kirschblüte 550 apartments 600 apartments 380 apartments New builds Completion bis 2023 Completion bis 2023 Completion bis 2021 danubeflats.at vienna-twentytwo.at zima.at NUMBER OF NEWLY BUILT APARTMENTS 5,716 PROPORTION OF ALL NEWLY BUILT APART- 22.3% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations Photos: supplied, project A01 architects, VIENNA TWENTYTWO rendering K18/ARE/SIGNA, PID/Christian Fürthner (r) Social demographics 187,007 2.23 residents people per apartment

Household income €24,213 p. a. €22,173 p. a. Donaustadt Vienna

Age distribution

25% Vienna 20%

15% Donaustadt Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 54,694 Other APARTMENTS 3,630 Market growth

81,341 Rental apartments Owner-occupied apartments Primary residence Occupied by as of 1st Jan 2016 building owner 27 2018 746 16,719 213 2019 1.119

487 2020 1.212

440 2021 898

Owned 110 2022+ 1.237 Source: Statistics Austria 6,298 Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€4,583 /m² €4,747 /m² €12.20 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

€5,000 2 €350 m. 1400 Average m purchase €4,455 price (first occupancy) 300 1200 4,000 €3,526 250 1000

3,000 200 800 2 Average m purchase 150 600 2,000 price (existing) 100 400 1,000 50 200

0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research LIESING Cluster of villages with many identities As they say, opposites attract. In Liesing there’s the villa neighbourhoods in Kalksburg, Mauer and Rodaun on the one hand and buildings like the Alt-Erlaa housing project on the other. Incidentally a textbook example of a successful satellite town, planned by Harry Glück. rd What else does Liesing have to offer? Agriculture, industry, lots of new residential buildings – plus a hint of romantic village life. A bit 23 of everything. By the way: Liesing is the newest district, only having been created in 1954 by combining eight villages: Inzersdorf, Mauer, Kalksburg, Siebenhirten, Atzgersdorf, Erlaa, Rodaun and Liesing.

Facts District guide 3 Heuriger Edlmoser Falstaff: ‘Vienna’s Heuriger of the AREA: 32.06 km² 1 Grossmarkt Inzersdorf year 2019’. In the sedate wine- PLAYGROUNDS: 92 You have to get up early to explore growing village of Mauer. CYCLE PATHS: 80 km Vienna’s largest fruit and veg market. Tip: 5 a.m., florists’ street. 4 Wotruba Church GREEN SPACES: 1.34% Brutalism at its purest: big concrete Source: City of Vienna 2 Mizzi-Langer-Wand blocks combined into a church by Fun for the whole family: adrenalin artist Fritz Wotruba in the 1970s. kick in this climbing garden. Up to 40 metres. 5 Palatial district If you want to feel like a prince or a princess, you’ve got a lot of options: Schloss Liesing, Schloss Erlaa, Schloss Rodaun, U6 Hofmannsthal-Schlössl. S S

3 A 4

B 1 2 S U6 PARK/GARDEN S

#LIESING #1230WIEN #LIESINGBACH

A Facettenreich B Eschengarten 143 apartments 92 apartments New builds Completion 2021 Completion 2021 strabag-real-estate.at eschengarten.at NUMBER OF NEWLY BUILT APARTMENTS 1,699 PROPORTION OF ALL NEWLY BUILT APART- 6.7% MENTS IN VIENNA

EXPLOREAL / period 2019–2022+,

newly built apartments and renovations (r) Thomas WienTourismus/Karl ARE/SKG/BTA, supplied, Photos: Social demographics 103,869 2.15 residents people per apartment

Household income €25,257 p. a. €22,173 p. a. Liesing Vienna

Age distribution

25% Vienna 20%

15% Liesing Housing market 10% 5%

0-15 15-29 30-49 50-64 65-84 85+ Source: City of Vienna, Statistics Austria Rented 32,531 Other APARTMENTS 2,614 Market growth

49,668 Rental apartments Owner-occupied apartments Primary residence 2018 as of 1st Jan 2016 62 863 Occupied by 136 2019 381 building owner 190 2020 406 8,679 220 2021 366

Owned 2022+

Source: Statistics Austria 5,844 Source: EXPLOREAL compiled for the Austrian Economic Chambers Condominium offer Price per m2 usable floor area

€3,952 /m² €4,451 /m² €11.81 /m² purchase price purchase price new build, rental price new build, existing first occupancy first occupancy*

€5,000 2 €250 m. 900 Average m purchase €4,122 price (first occupancy) 800 4,000 200 700 €2,928 600 3,000 150 500 400 2,000 Average m2 purchase 100 price (existing) 300 1,000 50 200 100 0 0 0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: Otto Immobilien Research Source: Otto Immobilien Research 98 COLUMN ‘Buy Yourselves a Flat!’ The tone that the outspoken passer-by uses to give me his advice is ambiguous – and definitely what the Viennese would call Schmäh and what the British would call banter.

By Dietmar Grieser

ho would’ve thought that I, at my age, in the welcome shade of an old chestnut tree, forgetting Wwould be given advice about buying property? Surely the world around us for a moment – not unlike love-struck it’d be coming a bit late: only house-hunting now, at the teenagers. And we don’t realise that we and our belongings, age of 85? No, everything has been fine for ages; my one most of all the unwieldy wheeled walker, are blocking the hundred square metres in one of Vienna’s most tasteful path of those coming towards us (and yet more people be- neighbourhoods, on the Dannebergplatz in Landstrasse, hind us). Not to mention the sight we’re showing the world! which I bought and renovated in 1996, mean Smooching youngsters, one prettier than the everything to me. From the impeccable other, are – if they don’t take it too far – often condition of the building that was designed heartening. But us two oldies – doddery, frail, in 1905 by the synagogue specialist Jakob clumsy! Can they simply be left to do as they Gartner to the reliability and diligence of the like, can they be graciously ignored? Or is it property management and our hardworking necessary to intervene, call them to order? team of cleaners, my living conditions The question of course is: how? Is it enough couldn’t be better. for passers-by to subtly clear their throats? Or is an energetic ‘Tschuldigen!’ (‘’Scuse me!’) Happy Heuriger visit necessary? We’re in the suburbs, so something a bit more brusque like ‘Oida, za o!’ (‘Move it, wrinklies!’) might be in order. Which option And now this incident! I marked it in my will the couple choose who are trying to walk diary: 27th August 2019, shortly after 9 p.m. past Herta and me? It’s one of those boiling hot midsummer eve- PROF. DIETMAR GRIESER. n ings when the Viennese flock to the Heuri- Vienna is the ideal habitat for gen (wine taverns). My old friend Herta and writing and research, says the Involuntary apartment hunt I are no exception. Our choice of Heuriger is famous non-fiction author about his adoptive hometown. He has ‘Kauft’s euch a Wohnung!’ (‘Buy yoursel- on the Sandleiten – where some of the origi- published over forty books. nal Ottakring still stands untouched. Although Recommendation: Das gibt’s ves a flat!’), the man shouts, followed by a my legs still more or less work, Herta, 92, now nur in Wien (Amalthea). good-natured laugh from his companion. We relies on her wheeled walker. I give her a hand get it: they’re in a good mood, they don’t re- over the few kerbstones and steps. And again on the way sent us for getting in their way, even geriatrics are allowed back – we’re in good spirits, probably a little tipsy, and are to kiss. And what lesson did we learn? That the Viennese taking a trip down memory lane. And when the memories vernacular and Viennese Schmäh (banter) are universal become that bit too overwhelming, the unspeakable hap- tools of communication. They can be used for every situ- pens: we, two senior citizens, stop in the middle of the nar- ation. They are traffic regulators, moral police – and even row pavement and emotionally fall into each other’s arms estate agents. —

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