First Vienna Residential Market Report

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FIRST VIENNA RESIDENTIAL MARKET REPORT EDITION 2021

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EDITORIAL issues such as: What role does digitalisation play in the residential space? DEAR READER How can we best combine sustainability and affordability in residential development projects? How will future residential project planning respond We are pleased to present the First Vienna Residential Market Report, the to the increased trend of working from home in the light of the pandemic? ninth edition of our joint publication. We will be going into this last question on page 14.

THIS HAS BEEN A TURBULENT YEAR with the pandemic leav- ing its mark on every aspect of the economy, resulting in long-term effects for many. The real estate industry has not remained unscathed by the crisis, although the residential market is showing significantly more “The past year has brought even more focus on stability: The demand for residential accommodation remained high in the home, raising important questions concern- 2020 – probably due to the fact that residential property is a safe form of investment in general. ing the housing market.”

THE HIGH DEMAND also resulted from constantly increasing numbers of one-person households and the continued rise in Vienna’s population, which is due to reach the two million mark in 2028. In contrast, property IN THE FIRST VIENNA RESIDENTIAL MARKET REPORT, we developers in 2021 will still have challenges to face as land available for will be sharing our experience and expertise for a more in-depth and com- development has become scarce in the capital and construction costs are prehensive insight into the market. still increasing despite the pandemic, although less dynamically than in previous years. THIS REPORT INCLUDES details on developments, prospects, and special feature considerations that apply to the Viennese housing market to WE AT BUWOG as the largest private housing developer in Vienna, AND help in making a decision when looking for a place to live. EHL IMMOBILIEN as a leading real estate services provider, continuously analyse the opportunities, risks, and trends affecting the Viennese housing FASCINATING FACTS AND FIGURES are available as you browse market. The past year has brought even more focus on the home, raising through the 2021 First Vienna Residential Market Report. ×

YOURS SINCERELY,

Mag. Daniel Riedl, FRICS Andreas Holler, BSc Mag. Michael Ehlmaier, FRICS DI Sandra Bauernfeind, FRICS Member of the Management Board, Managing Director, Managing Partner, Managing Partner, Vonovia SE BUWOG Group GmbH EHL Immobilien GmbH EHL Wohnen GmbH FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 02

INTRODUCTION

TABLE OF CONTENTS

01 EDITORIAL 34 1080 VIENNA · JOSEFSTADT 36 1090 VIENNA · ALSERGRUND 38 1100 VIENNA · FAVORITEN INTRODUCTION 40 1110 VIENNA · SIMMERING 02 TABLE OF CONTENTS 42 1120 VIENNA · MEIDLING 03 OUR MOTIVATION 44 1130 VIENNA · HIETZING 04 BUWOG GROUP GMBH 46 1140 VIENNA · PENZING 05 EHL IMMOBILIEN GROUP 48 1150 VIENNA · RUDOLFSHEIM-FÜNFHAUS 50 1160 VIENNA · OTTAKRING 52 1170 VIENNA · HERNALS HOUSING MARKET 54 1180 VIENNA · WÄHRING 06 OWNERSHIP STRUCTURE IN 2020 56 1190 VIENNA · DÖBLING 08 DEMOGRAPHICS OF AUSTRIA 58 1200 VIENNA · BRIGITTENAU 09 HOUSEHOLDS IN AUSTRIA 60 1210 VIENNA · FLORIDSDORF 10 DEMOGRAPHICS OF VIENNA 62 1220 VIENNA · DONAUSTADT 11 HOUSEHOLDS IN VIENNA 64 1230 VIENNA · LIESING

12 FACTS BUWOG & EHL IMMOBILIEN PROJECTS 13 FIGURES 66 MARINA TOWER / BUWOG 14 TRENDING TOPIC: 67 KENNEDY GARDEN / BUWOG LIVING SPACE IN THE FUTURE 68 RIVUS VIVERE / BUWOG 16 THE SINUS-MILIEUS® 69 HELIO TOWER / BUWOG 70 INSIDE XIX / BUWOG 71 KRUGERSTRASSE / EHL IMMOBILIEN DISTRICTS OF VIENNA 72 KÖRNER-KASERNE / EHL IMMOBILIEN 18 VIENNA AT A GLANCE 73 WILDGARTEN / EHL IMMOBILIEN 20 1010 VIENNA · INNERE STADT 74 POLDINE UND SELMA AM PARK / EHL IMMOBILIEN 22 1020 VIENNA · LEOPOLDSTADT 75 FLORIDO YARDS / EHL IMMOBILIEN 24 1030 VIENNA · LANDSTRASSE 26 1040 VIENNA · WIEDEN 28 1050 VIENNA · MARGARETEN 76 CLOSING WORDS 30 1060 VIENNA · MARIAHILF 78 GLOSSARY 32 1070 VIENNA · NEUBAU 80 IMPRINT 03 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

INTRODUCTION

OUR MOTIVATION

ALREADY IN ITS NINTH EDITION, the First Vienna Residential WHAT MAKES THE FIRST VIENNA RESIDENTIAL MARKET Market Report will be gathering together the extensive knowledge at REPORT SPECIAL is its high information value, as the report focuses BUWOG and EHL in 2021: the two companies share comprehensive know- only on prices actually achieved at sales or tenancy contract conclu- how and experience in the property business from their longstanding sions rather than offer prices – this is unique amongst the many other presence on the property market. market reports and studies.

OUR SERVICE FOR READERS: ALL INFORMATION USED corresponds to the current state of aware- → A detailed overview of developments on the ness and the latest data. The statistical information that the report draws Viennese residential market on comes from Statistics Austria (the state statistics office) and the City of → Important facts, statistics and figures Vienna (MA 23 – Economics, Labour and Statistics). × → Property trends → Comparative figures for Vienna and its individual districts in the new updated edition FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 04

INTRODUCTION © BUWOG / Stephan Huger EHL © BUWOG Group GmbH

BUWOG GROUP GMBH

BUWOG GROUP GMBH is the leading full-service company in the BUWOG GROUP GMBH currently has some 22,200 units in Austria Austrian residential market. The company aims towards creating living and around 5,750 residential units in the development pipeline focused satisfaction by gathering all our expertise and experience of more than on the capital, Vienna. seventy years standing in developing and managing our projects. AWARDS IN DIFFERENT AREAS, such as development and sus- BUWOG WORKS FROM a solid basis rich in know-how across the tainability, have confirmed the company’s success in its activities in the complete range of development and living. property market, serving as a visible testament to the expertise, commit- ment, and professionalism of our staff of 393. WE COVER the entire value chain in the housing sector in Austria in our business divisions of resource management, apartment sales, and WE AT BUWOG GROUP GMBH have been a wholly owned subsidi- project development using the synergetic effects of all these areas to ary of Bochum-based Vonovia SE, Germany’s leading housing company, meet the highest expectations in quality from our customers. since January 2019. × 05 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 © BUWOG / Stephan Huger EHL © EHL Immobilien Group

EHL IMMOBILIEN GROUP Years

EHL WOHNEN GMBH is part of the EHL Immobilien Group and one of MULTIPLE AWARDS: Gold IMMY Award, the quality award of the the leading estate agents in Greater Vienna. Apart from arranging rented, Viennese Chamber of Commerce for the ninth time running. We were occupier-owned and investment contracts as well as brokering land and selected as Austria’s biggest brand in the real estate agent category houses, the company operates in property development consulting for for the ninth time running, and for the sixth time running in the asset developers with advice on conception and marketing for their projects. management category. Our customers benefit from a complete range of services across the world as well as our own local experts thanks to our EHL IMMOBILIEN was founded in 1991, and is one of Austria’s leading partnership with BNP Paribas Real Estate. residential property service suppliers specialising in residential, commer- cial, and investment properties. IN 2020, EHL ARRANGED about 1,300 residential unit deals (rental, property, investment) and 105,000 square metres of office space, OUR RANGE OF SERVICES extends from estate agent services and commanding a total transaction volume of 1.1 billion euros. The annual property valuation to property and construction administration; asset, volume from the fast-growing property valuation segment amounts to centre and portfolio management; and market research and investment around 14 billion euros. Apart from that, EHL manages properties in a consulting. variety of asset classes at a total of around 2.1 million square metres. × FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 06

HOUSING MARKET

OWNERSHIP STRUCTURE IN 2020

VIENNA HAS AN EXTRAORDINARY HOUSING MARKET com- PEOPLE LIVING IN OWNER-OCCUPIED APARTMENTS occupy pared to other federal states: the city has approximately 913,000 inhabited a roughly equal share in Vienna and Austria; this share is rather low com- apartments, of which around seventy-seven percent are rented. Of these pared to other forms of housing, while still remaining largely stable. The about 702,000 rented apartments, approximately 397,000 are owned by single-family house still dominates as the most popular form of housing the City of Vienna or non-profit housing associations. in Austria, but this proportion is very low in Vienna. ×

HOUSING STOCK 2020 VIENNA AUSTRIA

TOTAL APARTMENTS AS MAIN RESIDENCE 913,000 3,954,000

CONSISTING OF ABSOLUTE FIGURES ABSOLUTE FIGURES

OWNER-OCCUPIED HOUSES 54,000 1,477,000 OWNER-OCCUPIED APARTMENTS 118,000 439,000 RENTED 702,000 1,663,000 SOCIAL HOUSING 207,000 276,000 COOPERATIVE HOUSING 190,000 656,000 OTHER RENTALS 305,000 731,000 OTHER 39,000 375,000

Source: Statistics Austria, deviations possible due to rounding differences

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 08

HOUSING MARKET

DEMOGRAPHICS OF AUSTRIA

THE COURSE FOR GROWTH CONTINUES: according to latest forecasts the population of Austria is expected to reach the nine million mark in 2023. As at January 1, 2020, Austria was home to 8,901,064 people, of whom 5,486,522 were between 20 and 64 years old. At the start of 2020, the average age of the people living in Austria was 42.9 years. ×

DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION FOR AUSTRIA AS AT JANUARY 1, 2020

2020 TO 2070

8,901,064 9,796,723

Population

10,000,000 1,720,915 0-19 YEARS

8,000,000 1,693,627 > 65 YEARS

6,000,000

4,000,000 5,486,522 20-64 YEARS 2,000,000

0 Year 2000 2010 2030 2040 2050 2060 2020 2070

FORECAST

→ Nine million people will be living in Austria by 2023. → By 2070, the population of Austria is expected to rise to 9,796,723 people. → This corresponds to an increase by around 10% from 2020 to 2070. → By 2070, 28.9% of the population will be 65 years or over, up from 19% in 2020. → The number of people living in Austria below the age of 20 will continue to drop gradually, from 19.3% in 2020 to 18.7% by 2070. 09 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

HOUSEHOLDS IN AUSTRIA

THE TREND TOWARDS SMALL HOUSEHOLDS CONTINUES: The average household size of the 3,947,204 private households in Austria was 2.22 people in 2019. For comparison: an average of 2.70 inhabitants shared each household in 1984, compared to just 2.09 projected for 2080. ×

PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN AUSTRIA

2019 TO 2080

Households

3,000,000 2,692,921 2,500,000 2,453,843 1,967,102 2,000,000 1,493,361 1,500,000

1,000,000

500,000 SINGLE-PERSON HOUSEHOLDS

0 Year MULTIPLE-PERSON HOUSEHOLDS 2019 2080

FORECAST

→ The number of single-person households is still growing. → Between 2019 and 2080, single-person households are set to increase by 31.7% out of the total number of households in the respective year (from 1,493,361 to 1,967,102). → Between 2019 and 2080, multiple-person households are set to increase by only 9.7% out of the total number of households in the respective year (from 2,453,843 to 2,692,921). → From 2019 to 2080, the total number of private households is expected to rise by 18.06% (from 3,947,204 to 4,660,023). → The predicted average household size for 2080 is only 2.09 persons. FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 10

HOUSING MARKET

DEMOGRAPHICS OF VIENNA

VIENNA IS GROWING BUT MORE SLOWLY THAN BEFORE as current forecasts predict that the population of the capital will hit the two million mark only in 2028. As at January 1, 2020, the population of Vienna was 1,911,191. Of these, 315,490 people were older than 65, and 368,930 were younger than 20 years of age. On January 1, 2020, the average age in Vienna was 41 years. ×

DEMOGRAPHIC OUTLOOK AGE PROFILE OF POPULATION FOR VIENNA AS AT JANUARY 1, 2020

2020 TO 2070 1,911,191 2,240,120

Population 368,930 0-19 YEARS 2,000,000

315,490 > 65 YEARS

1,750,000

1,226,771 20-64 YEARS 1,500,000

1,250,000 Year 1990 2000 2010 2030 2040 2050 2060 2020 2070

FORECAST

→ Vienna will only reach a population of more than two million by 2028. → By 2070, the population of the city is expected to reach 2,240,120. → This corresponds to an increase of 17.2% from 2020 to 2070. → By 2070, 23.9% of the city’s population will be 65 years or over, up from 16.5%. → The number of people in Vienna below the age of 20 will decrease from 19.3% today to 19.2% by 2070. 11 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

HOUSEHOLDS IN VIENNA

ACCORDING TO FORECASTS there will be more than a million households in Vienna by 2035. This is, among other things, due to decreasing household sizes: in 2020 there were 930,979 private households in Vienna with an average household size of just 2.04 people. If the development continues an average household size of 2.02 people can be expected in 2080. ×

PRIVATE HOUSEHOLDS FORECAST FOR SINGLE AND MULTIPLE-PERSON HOUSEHOLDS IN VIENNA

2019 TO 2080

Households 595,160 600,000 549,799 508,603 500,000 422,376 400,000

300,000

200,000

100,000 SINGLE-PERSON HOUSEHOLDS

0 Year MULTIPLE-PERSON HOUSEHOLDS 2019 2080

FORECAST

→ Between 2019 and 2080, single-person households in Vienna are set to increase by more than 30.17% out of the total number of households in the respective year (from 422,376 to 549,799). → Between 2019 and 2080, multiple-person households in Vienna are set to increase by more than 17% out of the total number of households in the respective year (from 508,603 to 595,160). → From 2019 to 2080, the number of private households will increase by more than 22.9% (from 930,979 to 1,144,959). → It is expected that there will be more than one million households in Vienna by 2035. → The predicted average household size for 2080 is 2.02 persons. FIRST VIENNARESIDENTIAL REPORT MARKET |2021 TRAMS METROSERVICES BUSES TOTAL POPULATION DENSITY PUBLIC TRANSPORT per hectare persons 14.3 Hietzing density: Lowest OVER TIME NUMBER OF BUILDINGS VIENNA:46.07 PERSONS PER HECTARE 1951

72,948 FACTS

1961 79,034 * 960.7 Mio. PASSEN- 304.8 Mio. 459.8 Mio. 196.1 Mio. GERS 1971 96,209 * OF LINES LENGTH 970.3 km 225.4 km per hectare 274.0 persons Margareten density: Highest * 661.9 km 83.0 km one glance. THIS PAGE PROVIDES YOU WITHINTERESTING DETAILS ABOUT VIENNA USEFUL FACTS

201 ANDMORE 101 TO 200 UP TO 100 1981 134,321

LINES 164 131 28 5 1991 153,693 NUMBER OF ROADWAYS TOTAL LENGTH OF STREETS LONGEST STREET: HÖHENSTRASSE SHORTEST STREET: IRISGASSE GREEN SPACE INPERCENT STREETS INVIENNA Hietzing: 70.6% Hietzing: of green space: Highest percentage VIENNA:49.6% (OUTOF TOTAL AREA) 2001 168,167

2011 164,746 * 2019 on theAustriancapital–allat Josefstadt: 1.9%Josefstadt: of green space: percentage Lowest 180,553 MORE THAN51% 26 TO 50% UP TO 25% * 2,786 km 14.9 km 2020 17.5 m 6,912 181,160

× 12

* As at 2020

* AGWR, March 2020 copy, WBR, reference date: **** Source: Raiffeisen Immobilien Vermittlung Ges.m.b.H., 1 Dec 2020, calculation Vienna statistics correct as at April 2020 *** Source: s REAL and wohnnet.at, correct as at July 2020 ** Source: Statistics Austria, correct as at 2019 PANDEMIC AND AFTERMATH HOME BECAME THE CENTRE OF MANY PEOPLE’S LIVES 13 seekers. work andschoolallinoneplace.Thiswillhavelong-termeffectsonthecriteriasetbyapartment Terrace or balcony 39 m 39 &Brigittenau: Leopoldstadt livingLowest areas: CORONA CRISIS DURING THE SIZE PROPERTY WITH SATISFACTION USABLE LIVINGAREA IMPORTANCE OF HOUSING FACTORS

VIENNA:52 m Area orArea size 2 per resident Floor plan Floor Garden **** Unimportant 0%

2 PER RESIDENT 20% BEFORE COVID-19 40% just as satisfied satisfied as just 69% 79% 73% 76% as before 81% 60% * m 78 Josefstadt: area: living Highest 80% 2 per resident UP TO 39m > 50m 40 TO 49 m Very important

100% more satisfied more satisfied than before 2 24% 12% 14% 2% 5% during the pandemic with family, during thepandemicwithfamily, 2 2 BY FEDERALSTATE, APARTMENT SIZES *** Terrace or balcony 100.0 105.6 Austria Styria Area orArea size FIRST VIENNARESIDENTIAL REPORT MARKET |2021 Floor plan Floor less satisfied satisfied less Vorarlberg Burgenland Garden 20% as before before as 12% 124.0 98.9 2% Unimportant 6% 8% 0% × 97.6

Tyrol Austria 115.9 Lower 20% INm just as unsatisfied just as unsatisfied Salzburg WITH COVID-19 96.9 2 109.2 Austria Upper as before 40% 2% 2% 2% 9% 3% **

Vienna 73.7 Carinthia 60% FIGURES 107.8 +3% -3% total 120 m than more 91 120 m to m 61 90 to m 60 to up +16% 80% -7% Very important 2 2 2 100% 2 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 14

TRENDING TOPIC

LIVING SPACE IN THE FUTURE

DEMOGRAPHIC AND CLIMATE CHANGES are known to influence PARTICIPATION will play a key role in this. There will be an additional requirements on housing, but the pandemic and ensuing lockdown focus on alternative forms of living planned according to the respective measures have also had a lasting effect on people’s requirements and target market, such as housing projects specifically for single parents, priorities. Planners and property developers will need to react to the assisted or supervised living respectively barrier-free living for senior latest developments to keep up, and we will be seeing the result in citizens. The aspect of self-sufficiency and the building of a community in the coming years of residential development projects. What awaits us? a megacity can also be furthered by activitites such as urban gardening.

WORKING FROM HOME IS A TREND that will probably remain with us even after the pandemic, to a certain extent becoming the new normal. Apartments always show a tendency towards decreasing in size, “Private outdoor spaces such as balconies and and residents will want to make the maximum out of the minimum terraces need to become standard in Vienna – space available. This is achieved, on the one hand, by using flexible and multifunctional floor plans with room dividers and niches to create a and they need to be appealing for residents.” separate work area in the living room on the fly, for example.

ON THE OTHER HAND, common spaces will play an increasingly important role. We will need to ask ourselves whether co-working spaces THE INCREASING ATTRACTIVENESS OF RURAL AREAS, es- would make sense alongside playrooms, communal kitchens, and gyms pecially in the past year, should not be ignored. Extensive nature reserves in residential projects. This might present considerable benefits for in the immediate vicinity are one major reason. Private outdoor spaces residents, especially for those that would no longer need to rent offices such as balconies and terraces need to become standard in Vienna – and while keeping the focus on living rather than working within their own they need to be appealing for residents. Intelligent planning ensures that four walls. a balcony is a place to feel comfortable rather than being on display. ×

“Working from home is a trend that will probably remain with us even after the pandemic, to a certain extent becoming the new normal.” © BUWOG / Stephan Huger © BUWOG / Stephan Huger FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 16

SINUS- MILIEUS® WHO LIVES HOW

THE FOLLOWING PAGES GIVE A SUMMARY OF SINUS-MILIEUS®. Sinus-Milieus® constitute a model that groups people according to their basic attitudes and lifestyles. Sinus-Milieu groups differ with regard to their consumer behaviour, lifestyle, and living environment. Further details on Sinus-Milieus® are given on page 78. × TRADITIONAL MILIEUS

CONSERVATIVES. Trendsetters in the traditional sphere with high TRADITIONALS. Emphasis on security, order, and stability – ethics of responsibility – strongly characterised by Christian ethics, rooted in the old petty-bourgeois world, in the traditional high estimation of arts and culture, sceptical towards current so- blue-collar culture, or in the rural milieu. Home tastes are c ial development. Home is an expression of upper or middle-class based on traditional cosiness and rural aesthetics. lifestyle in clear distinction from current attitudes.

CENTRAL MILIEUS

NEW MIDDLE CLASS. The adaptive mainstream – seeking ADAPTIVE-PRAGMATISTS. The young pragmatist middle professional and social establishment, secure and harmonic stratum – pronounced life-pragmatism, strong desire for circumstances, support and orientation, peace and a slow pace. anchorage, membership, security, performance orientation, They prefer interiors with neo-rustic, conventional aesthetics. but also the wish for fun and entertainment. The prevailing lifestyle is either trendy or quiet and down-to-earth. 17 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

UPPER CLASS

ESTABLISHED. The performance-oriented elite with a strong POSTMATERIALISTS. Open-minded social critics – intellectual, anchorage in tradition – strongly focused on status, exclusiveness, educated milieu, interested in variegated aspects of culture; cos- responsibility, and leadership. The apartments are often a stylishly mopolitan orientation, but critical towards globalisation; socially harmonious combination of traditional and modern. committed. Home styles are dominated by a sense of nature and authenticity; distinction from the mainstream plays a crucial role.

HIGH ACHIEVERS. The flexible and globally oriented performance DIGITAL INDIVIDUALISTS. The individualistic, networking, digital elite – individual performance, efficiency, and success take top avant-garde – mentally and geographically mobile, cross-linked priority; competent in business and IT. High achievers appreciate online and offline, permanently looking for new experiences. open, generously dimensioned interior designs that focus on The home is creatively designed with deliberately unconventional presentation. highlights.

THE MODERN LOWER CLASS

CONSUMPTION ORIENTED. The materialistic lower class ESCAPISTS. The modern lower middle class, living for the striving for participation – sense of discrimination, resentments, excitement of the moment – seeking fun and amusement; and pronounced fears of the future; striving to stay connected rejection of traditional standards and conventions. The aesthetic with the consumption standards of the middle class. An attempt of heavy stimuli dominates with a zest for provocation and is made to present an intact and bourgeois living environment. challenging taboos. FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 18

DISTRICTS OF VIENNA

VIENNA AT A GLANCE

THE MAP OF VIENNA provides an overview of the city districts. For better orientation, the map also shows underground metro lines and major roads/motorways. Metro lines that are currently under construction are shown as broken lines. × U2 METRO LINE, CURRENTLY UNDER CONSTRUCTION U5 METRO LINE, CURRENTLY UNDER CONSTRUCTION CURRENT ROUTE OF U2 METRO LINE, TO BECOME U5 METRO LINE

A22 21. U Leopoldau

19. U Floridsdorf S2 U Heiligenstadt 20. 18. U Spittelau 17. 14. 9. U Seestadt 16. U Elterleinplatz * U Ottakring 8. 1. U Stephansplatz 2. 22. 7. U Karlsplatz U Hütteldorf U Westbahnhof 15. 6. 4. 3. A1 5. 13. 12. U Simmering U Wienerberg *

11. A4 10. 23. A23 U Oberlaa

U Siebenhirten S1 VIENNA AIRPORT * under construction A21 19 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

THE TABLE contains all key data and facts regarding population, in- SALES PRICES are represented as purchase prices per square metre of come, property prices, and rents. The quoted prices are not asking or net living area, excluding parking and incidental costs. The section below advertised prices but the prices per square metre that were actually paid provides more detailed information on the individual districts, including key upon signing of the contract. demographic data, statistics, and special features within the districts. ×

SALES PRICES RENTS RESIDENTS INCOME* DISTRICTS ON CONCLUSION ON CONCLUSION

FIRST FIRST OTHER OTHER OCCUPANCY OCCUPANCY 1010 VIENNA · INNERE STADT 16,047 € 27,864 € 19,800 € 13,500 n/a** n/a** 1020 VIENNA · LEOPOLDSTADT 105,848 € 20,053 € 5,600 € 4,150 € 12.70 € 10.50 1030 VIENNA · LANDSTRASSE 91,680 € 22,269 € 5,750 € 4,200 € 12.80 € 11.00 1040 VIENNA · WIEDEN 33,212 € 24,365 € 5,800 € 4,300 € 13.30 € 11.30 1050 VIENNA · MARGARETEN 55,123 € 19,699 € 5,300 € 4,000 € 12.00 € 10.70 1060 VIENNA · MARIAHILF 31,651 € 21,937 € 5,700 € 4,250 € 13.20 € 11.20 1070 VIENNA · NEUBAU 31,961 € 22,764 € 6,150 € 4,600 € 13.30 € 11.20 1080 VIENNA · JOSEFSTADT 25,021 € 25,731 n/a** € 4,900 € 13.50 € 11.60 1090 VIENNA · ALSERGRUND 41,884 € 24,054 € 6,250 € 4,500 € 13.10 € 11.40 1100 VIENNA · FAVORITEN 207,193 € 19,752 € 4,700 € 3,000 € 11.30 € 9.60 1110 VIENNA · SIMMERING 104,434 € 19,537 € 4,150 € 2,700 € 10.50 € 9.40 1120 VIENNA · MEIDLING 97,078 € 20,349 € 4,550 € 3,150 € 11.70 € 10.30 1130 VIENNA · HIETZING 54,040 € 26,741 € 6,250 € 4,400 € 13.10 € 11.50 1140 VIENNA · PENZING 93,634 € 22,853 € 4,900 € 3,350 € 11.90 € 10.60 1150 VIENNA · RUDOLFSHEIM 76,813 € 18,343 € 4,600 € 3,150 € 11.70 € 10.30 1160 VIENNA · OTTAKRING 103,117 € 20,309 € 4,650 € 3,100 € 11.70 € 10.40 1170 VIENNA · HERNALS 57,027 € 22,420 € 4,600 € 3,200 € 11.50 € 10.30 1180 VIENNA · WÄHRING 51,497 € 25,480 € 6,200 € 4,200 € 12.80 € 11.10 1190 VIENNA · DÖBLING 73,901 € 25,699 € 7,000 € 4,700 € 13.30 € 11.20 1200 VIENNA · BRIGITTENAU 86,368 € 19,059 € 4,400 € 3,000 € 11.50 € 10.40 1210 VIENNA · FLORIDSDORF 167,968 € 21,080 € 4,400 € 3,000 € 11.30 € 10.20 1220 VIENNA · DONAUSTADT 195,230 € 21,391 € 4,600 € 3,050 € 11.70 € 10.30 1230 VIENNA · LIESING 110,464 € 23,373 € 4,300 € 3,150 € 10.80 € 10.20

* Source: Wage tax statistics for 2019, average annual net income for employees in total, in euros, valid as at December 2020 ** The sample observed was too small to deliver reliable and accurate information. P Palais Schottenring. Franz-Josefs-Kai also has new projectsinplanning.Palais Schottenring.Franz-Josefs-Kai alsohasnew 1,ments aroundtheCityHall,onBörseplatz onParkring14, andat Sinus-Milieus with touristsandlocalsalike. Vienna OldTown houseandNestroy’sbirthplace. Mozart’s ispopular such asWolfgangplaques bearwitnesstoplacessteepedinhistory, A. churches, especiallytheGothicSt. Stephen’s Cathedral. Memorial andbeautiful oldpassageways, magnificentinnercourtyards, ways, of old Vienna still visible today in its maze of alley- with the legacy ancient buildingsandstructuresareanattraction inandofthemselves andhistoricalcore ofthecity.The FirstDistrictisthebeatingheart The OF DISTRICT SPECIAL FEATURES FIRST VIENNARESIDENTIAL REPORT MARKET |2021 ers appreciate the cosmopolitan environment and its proximity to ers appreciatethecosmopolitan environment anditsproximity HighAchiev- cially attracted totheFirstDistrictdueitsexclusivity: INNERE STADT 1010 in Vienna’sFirstDistrict.Theseincludeprestigiousdevelop- this manyforalongtime–arecurrentlyunderdevelopment ROJECTS INUNUSUAL NUMBERS ® suchasHighAchieversandtheEstablished areespe- U OF VIENNA AT THE HEART Rathaus U Volkstheater – therehaven’tbeen U U Museumsquartier Börse- Schottentor U platz Herrengasse U Karlsplatz Kärntner Straße Graben lack offoreigninvestors. years,whichismostlikelyduetothepandemicandresultingprevious thanfiguresfrom inthecitycentrewaslower number ofapartments hassignificantlyincreased.Evenso,the two-bedroom apartments isnolongeramatterofsize,though–demandforoneand Luxury ZINSHAUS and accountforaroundtenpercent ofthedistrict’stotalarea. SONSTIGE ofwelcominggreenspaces, andVolksgartenBurggarten provideplenty ERSTBEZUG MIETE oraglassofVeltlinerit’s overa“melange”coffee,schnitzel, wine. SONSTIGE casual stroll.Downtownisallabout thepleasureprinciple–whether ERSTBEZUG Kärntner Straße andRotenturmstraße arepopularforshoppingora EIGENTUM office, businessandshoppingdistrict.Pedestrianprecinctssuchas ismorethanacultural andpoliticalcentre, it’salsoanThe “City” Burgtheater. home in the elegance of institutionssuchas the State Opera andthe cult barsandrestaurants. TheEstablished,ontheotherhand,feelat U lauben Tuch- U Schottenring Stephansplatz Rotenturmstraße U U Schwedenplatz Stubentor × U Stadtpark HOTSPOTS 20

** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 **** The sample observed was too small to ***** Increased purchase price per square metre * Total number of doctors’ offices *** Source: Wage tax statistics for 2019, average annual net income for employees in total, in euros, valid as at December 2020 deliver reliable and accurate information. due to dominant retail and trade zoning ***** Increased purchase price per square metre ***** Increased purchase price per square metre zoning due to dominant retail and trade © Krischanz Krugerstraße 16 / EHL Immobilien

HOUSING FACTS GOOD TO KNOW **** The sample observed was too small to information. deliver reliable and accurate 16,047 RESIDENTS 2020 39.4 km OF CYCLE PATHS

8,834 MAIN RESIDENCES 2020 539 DOCTORS*

1.82 PERSONS/HOUSEHOLD 2020 2 DOG ZONES

11 PLAYGROUNDS MOVED IN + 936 2,689 STREET TREES** MOVED OUT – 805 MIGRATION BALANCE + 131

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 4.3% 0–5 YEARS INNERE STADT 25.6% -5.2% 5.9% 6–14 YEARS 9.0% 15–24 YEARS AVERAGE INCOME*** 55.0% 25–64 YEARS 25.8% > 65 YEARS € 27,864 INNERE STADT

€ 21,710 VIENNA AGE 46.9 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY ...... n/a**** OWNER-OCCUPIED OTHER ...... n/a**** FIRST OCCUPANCY ...... € 19,800/m² OTHER ...... € 13,500/m² INVESTMENT PROPERTY ...... € 7,000 to € 15,000/m² *****

In this district, 138 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 169 million euros. * Total number of doctors’ offices * Total O Palais Augarten. The Prater is not only a paradise for joggers and cyclists, The Prater isnotonly aparadisePalais Augarten. for joggersandcyclists, andthePrater.Augarten Choirisbasedin Theworld-famous Vienna Boys’ andrecreational areas such straßeas aswellenormousgreensports alongside magnificentshoppingstreets suchasTaborstraße andPrater- storesinKarmelitermarkt, andhipcafésinVolkertmarktkosher grocery ofVienna.Thisdistrictbenefitsfromtrendybars on Donaukanal, parts life,Leopoldstadtal centreofJewish isprobablyoneofthemostdiverse DonaukanalandtheRiverDanube.Atradition- –between holidays Jewish referringtothetraditional unleavened breadenjoyedat land” –matzo The SecondandTwentieth Is- DistrictsformtheMazzesinsel,or“Matzo SPECIAL FEATURES OF DISTRICT residentialunitsandtwentyproject shouldseearoundtenthousand completion.Thisrailway station,whichisalreadyhalfwaytowards attheformerNordbahnhof isthedevelopment tivity; oneexample FIRST VIENNARESIDENTIAL REPORT MARKET |2021 LEOPOLDSTADT 1020 idential area.This is mainlydueto busy construction ac- zones, Leopoldstadthastransformedintoapopularres- NE OFVIENNA’S LARGEST U Schottenring U Schwedenplatz bahnhof Nord- ISLAND OF DIVERSITY U Praterstern Prater downtown development downtown Stuwer- viertel Hauptallee Campus/ Messe WU- U Handelskai Stadion U Donaumarina The Consumption Oriented Sinus-Milieu main attraction, and thevenerable ErnstHappelStadium. it alsohastheWurstelprater amusementparkwithaFerris wheelasits and the Prater. Stuwerviertel, Campus, University of Economics and Business (WU) projects inplanning.OtherhotspotsthedistrictincludeVienna such asMarinaTower alongsidetheSecondDistrict’sotherhigh-rise withresidentialhigh-rises arevival Danube, Donauuferisexperiencing jobs created in the area bythousand 2025. Along the banks of the central recreationalareaforresidentsandvisitors. greenlunganda the area–surroundedbywater, district isthecity’s Green space accounts for more than half budget shopping opportunities. toaffordablehousingand tavern life,whileattachinggreatimportance structure ofsmallVienneseneighbourhoods withtheirtraditional puband ed inLeopoldstadt. Thismilieuappreciatesthedistrict’surbangrätzel Praterkai ® is especially heavily represent- HOTSPOTS 22 ×

** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 * Total number of doctors’ offices *** Source: Wage tax statistics for 2019, average annual net income for employees in total, in euros, valid as at December 2020 © isochrom MARINA TOWER / BUWOG

HOUSING FACTS GOOD TO KNOW

105,848 RESIDENTS 2020 112.1 km OF CYCLE PATHS

53,052 MAIN RESIDENCES 2020 280 DOCTORS*

2.00 PERSONS/HOUSEHOLD 2020 13 DOG ZONES

114 PLAYGROUNDS MOVED IN + 6,604 8,282 STREET TREES** MOVED OUT – 5,471 MIGRATION BALANCE + 1,133

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.3% 0–5 YEARS LEOPOLDSTADT 37.4% +6.6% 8.3% 6–14 YEARS 12.3% 15–24 YEARS AVERAGE INCOME*** 58.3% 25–64 YEARS 14.8% > 65 YEARS € 20,053 LEOPOLDSTADT

€ 21,710 VIENNA AGE 39.4 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY ...... € 12.70/m2 OWNER-OCCUPIED OTHER ...... € 10.50/m2 FIRST OCCUPANCY ...... € 5,600/m2 OTHER ...... € 4,150/m2 INVESTMENT PROPERTY ...... € 2,500 to € 4,500/m2

In this district, 901 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 256 million euros. * Total number of doctors’ offices * Total D SPECIAL FEATURES OF DISTRICT and a culinary paradise, and hous- and a culinary alongside the elegant embassy quarter ofthedistrict Busy shoppingstreetspulsatearound Rochusmarkt, theheart ture inBeatrixgasse. Stifter wrote world litera-masterpieces; Ingeborg Bachmann and Adalbert world-famous composers suchasGustavMahlercompletedtheirmusical could wishfor. TheThirdDistricthastraces ofthenumerousplaceswhere ly baroquepalaceofPrinceEugenprovidecultural enthusiastswithallthey andBelvederewiththestate- hall,Hundertwasserhaus, concert Konzerthaus Tense areprominentintheThirdDistrict.The contrasts andstronggrowth inrecentyears.Thesestillincludethethreeresidential developments as Landstraße has been affected by many large-scale inner-city project FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1030 LANDSTRASSE residential districts. This is reflected in project development, residential districts. This is reflected in project development, makingitoneofVienna’smostpopularcentral high asever, EMAND FORAPARTMENTS TRADITION AND INNOVATION in theThirdDistrictisas HOTSPOTS U Stadtpark Stadtpark Quartier Belvedere Quartier U Rennweg Landstraße Landstraßer Gürtel U Landstraßer Hauptstraße Rennweg Rochusgasse ers Sinus-Milieu toViennaDowntownareadditionalreasonsfortheHighAchiev- proximity the district.Thisdynamismandhigh development potentialalongsidethe Ring aswelltheSt.Marxurbandevelopment zoneontheothersideof projects, forinstance,themodernmall aptlynamed“TheMall”nearthe Landstraße combinestradition andinnovationwithstrikingurbanrenewal account foraroundfifteenpercentofthetotalareadistrict. strikingflaktowersandthebanksofDonaukanal Arenbergpark withitstwo ing estatesfromthetimesofRedVienna.Greenareassuchasspacious from themarket. response tion already completed; these projects havereceivedanexcellent ban, AnderLände36–38,and3atErdbergerwithconstruc- –idyllisch_ur- includeIU Otherlarge-scaleprojectdevelopments St. Marx. projectonErdbergerLändeandTheMarksat high-rises intheTRIIIPLE Erdberger Rochus- markt Mais Weißgerberlände U Kardinal-Nagl-Platz St. Marx ® tofeelespeciallyathomeinthedistrict. berger Lände Erd- U Schlachthausgasse U Erdberg U Gasometer 24 ×

HOUSING FACTS GOOD TO KNOW

91,680 RESIDENTS 2020 64.9 km OF CYCLE PATHS

47,671 MAIN RESIDENCES 2020 342 DOCTORS*

1.92 PERSONS/HOUSEHOLD 2020 12 DOG ZONES

58 PLAYGROUNDS MOVED IN + 5,268 2,185 STREET TREES** MOVED OUT – 4,432 MIGRATION BALANCE + 836

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.5% 0–5 YEARS LANDSTRASSE 32.2% +1.4% 7.2% 6–14 YEARS 10.9% 15–24 YEARS AVERAGE INCOME*** 60.0% 25–64 YEARS 16.4% > 65 YEARS € 22,269 LANDSTRASSE

€ 21,710 VIENNA AGE 41,0 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 12.80/m2 OWNER-OCCUPIED OTHER �� € 11.00/m2 FIRST OCCUPANCY �� € 5,750/m2 OTHER �� € 4,200/m2 INVESTMENT PROPERTY �� € 2,500 to € 5,000/m2

In this district, 974 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 339 million euros. * Total number of doctors’ offices * Total T SPECIAL FEATURES OF DISTRICT well-represented as theyappreciate the diverserestaurants and cafésas paths.HighAchieversareequally ofcycle and thewell-developednetwork institutions such as the Technical and the Theresian Academy, University materialists Sinus-Milieu withitsmagnificentbaroquechurch.ThePost- attractions inKarlsplatz ofcultural as well asarichvariety quarter rant sceneinthe Freihausviertel countless galleries closely packed together, and a diverse bar andrestau- shops around Margaretenstraße, with small boutiques and hip speciality infrastructure ics cometogetherinWieden.Thismakesforacolourful Young andacadem- andold,studentslong-time residents,artists FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1040 HE FOURTH DISTRICT Hauptstraße has shown great development; areassuchasaround greatdevelopment; Hauptstraße hasshown construction projects duetothesmallarea.Evenso,Wiedner WIEDEN ® appreciates the district’s proximity tolearning appreciatesthedistrict’sproximity Nasch- markt has relatively few new residential new has relativelyfew DELIGHTFUL WIEDEN viertel haus- Frei- U Karlsplatz U tiroler Favoritenstraße Platz Süd- Taubstummengasse U Südtiroler Platz Hauptbahnhof Prinz-Eugen-Straße sparse availability ofgreenspaceataroundtenpercentthetotalarea. sparse availability suburb ontheRiverWiengosomeway tocompensatefortherelatively ofthisprevious piece ofheritage.Themanycosycorners andquaintalleys memorial to this or “Magic Flute Fountain”,is a further berflötenbrunnen, miered in the former Freihaustheater in 1791. Not far from there, the Zau- “MagicFlute“ thatpre- dergasse callstomindthelyricistwhowroteMozart’s Many famous historical cultural figureshavecometoWieden.Schikane- centre. the city well asthecentrally located,prestigiousresidential environment closeto Other hotspots in the district include Naschmarkt and Freihausviertel. Other hotspotsinthedistrictincludeNaschmarktandFreihausviertel. inrecentyears. regional railwayconnectionsaswelllocaldevelopments benefitfromgoodmetroand popularasthey arealsovery Südtiroler Platz HOTSPOTS 26 ×

HOUSING FACTS GOOD TO KNOW

33,212 RESIDENTS 2020 15.2 km OF CYCLE PATHS

17,221 MAIN RESIDENCES 2020 179 DOCTORS*

1.93 PERSONS/HOUSEHOLD 2020 2 DOG ZONES

31 PLAYGROUNDS MOVED IN + 2,196 546 STREET TREES** MOVED OUT – 1,740 MIGRATION BALANCE + 456

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.0% 0–5 YEARS WIEDEN 32.5% +1.7% 6.8% 6–14 YEARS 11.1% 15–24 YEARS AVERAGE INCOME*** 59.9% 25–64 YEARS 17.2% > 65 YEARS € 24,365 WIEDEN

€ 21,710 VIENNA AGE 41.6 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.30/m2 OWNER-OCCUPIED OTHER �� € 11.30/m2 FIRST OCCUPANCY �� € 5,800/m2 OTHER �� € 4,300/m2 INVESTMENT PROPERTY �� € 2,500 to € 5,500/m2

In this district, 255 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 116 million euros. * Total number of doctors’ offices * Total M SPECIAL FEATURES OF DISTRICT population between the Margaretengürtel, part of the Beltway also oftheBeltway part theMargaretengürtel, population between Change islessrapid intheworking-classareawith itshighmigrant neartheViennaBeltway.sive livingopportunities andcultural scene,butalsotheinexpen- appreciate notonlytheartistic ualists areespeciallyheavilyrepresentedhere.TheseSinus-Milieus Bohemians. ItcomesaslittlesurprisethatEscapistsandDigitalIndivid- openedrestaurants attracting ofnewly studentsandbourgeoisvariety and Margaretenstraße with ahas developed aroundMargaretenplatz as aplacetorelaxandhavefun.Apopulardestinationforrevellers popularnotonlyasaresidential area,butalsoMargareten isvery Districtinterms ofattractiveness.Priceshavealready ing upwiththeSixth the FifthDistricthasseensignificantupgradesinrecentyears,andiscatch- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1050 MARGARETEN ARGARETEN HOSTS AVARIETY tion. Allofthemaddtoageneralincreaseinthequalitylife; buildingrestora- smaller constructionprojectsandapartment U Margaretengürtel FIFTH DISTRICT JOY OF LIFE IN THE of opportunities for of opportunities Reinprechtsdorfer Straße Reinprechtsdorfer U Pilgramgasse ® Matzleinsdorfer Platz Matzleinsdorfer Nasch - Margare- markt tenplatz U Kettenbrückengasse currently one of the most exciting parts ofVienna. parts currently oneofthemostexciting and dynamicdevelopmenthaveturned theFifthDistrictintowhatis ofgreen spaceat4.4percent,butitsmanycontrastsly lowproportion Margareten mayhavelittlespacefor outdooractivitieswithitsrelative- aka Falco. ThereisapubonZiegelofengassewith ashrinetoFalco. were thepopularfolkactorHansMoserandpoplegendHölzl tria’s long-termFederal ChancellorBrunoKreiskywasbornhere,as ofpersonalitieshavelefttheirnamesintheFifthDistrict.Aus- A variety Straße. housing, andReinprechtsdorfer known asthe“BoulevardofProletariat”duetoitsmassivepublic are amongstthehotspotsofdistrict. major companiessettingupshophere.NaschmarktandMargaretenplatz the HauptbahnhofmainrailwaystationandFifthDistrictaswell project. Theareaalsobenefitsfrommodernhigh-risebuildingsbetween duetotheongoingmetroextension Platz risen aroundMatzleinsdorfer Wiedner Hauptstraße HOTSPOTS 28 ×

HOUSING FACTS GOOD TO KNOW

55,123 RESIDENTS 2020 26.1 km OF CYCLE PATHS

29,394 MAIN RESIDENCES 2020 153 DOCTORS*

1.88 PERSONS/HOUSEHOLD 2020 8 DOG ZONES

54 PLAYGROUNDS MOVED IN + 3,349 778 STREET TREES** MOVED OUT – 2,888 MIGRATION BALANCE + 461

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.3% 0–5 YEARS MARGARETEN 38.1% +7.3% 6.5% 6–14 YEARS 11.6% 15–24 YEARS AVERAGE INCOME*** 62.3% 25–64 YEARS 14.3% > 65 YEARS € 19,699 MARGARETEN

€ 21,710 VIENNA AGE 39.8 YEARS

** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 12.00/m2 OWNER-OCCUPIED OTHER �� € 10.70/m2 FIRST OCCUPANCY �� € 5,300/m2 OTHER �� € 4,000/m2 INVESTMENT PROPERTY �� € 2,500 to € 4,800/m2

In this district, 353 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 86 million euros. * Total number of doctors’ offices * Total T SPECIAL FEATURES OF DISTRICT planning systems, places to meet, and bicycle and pedestrian precincts places to meet, and bicycle planning systems, traffic alike appreciatethispleasantaspectof thearea.Thestate-of-the-art ings inWienzeile.TheHighAchievers andPostmaterialistsSinus-Milieus Nouveaubuild- marketinfrontofthegorgeousArt watch thecolourful totakeabreakand trendy barsandrestaurants giveidealopportunities marketstallsonthisareaof2.3hectares; around ahundredandtwenty sight tosee.Notonlyfreshfoods from allovertheworldaretraded at Naschmarkt on the other side near the River Wien is also a well-known riahilfer Straße, Vienna’s largestandmostfamous shoppingstreet.The atitsbest.ThedistrictisbestknownforMa- Mariahilf –urbandiversity FIRST VIENNARESIDENTIAL REPORT MARKET |2021 for housing is high, albeit the Westbahnhof with adefinite slope towards rail- 1060 MARIAHILF cent yearsespeciallyaroundMollardgasse.Nonetheless,demand densely built-upareaafteranintensiveconstructionphaseinre- HERE HAVE ONLY been projects in this development new a few U Gumpendorfer Straße Gumpendorfer U CULTURE AND LIFESTYLE Westbahnhof U Margaretengürtel Mariahilfer Straße U Zieglergasse Gumpendorfer Straße Gumpendorfer ® Maria - Straße hilfer hilf dramatist FerdinandRaimund. in theformerforatime,whilelatter wasnamedafterthegreatMaria- Theater an der Wien and Raimund Theater. Ludwig van Beethoven lived largetheatrehalls, Districtisbestknownforitstwo Culturally, theSixth Esterházypark iscloseby. spaces inthedistrict(accountingforalmostfourpercent),popular green this isalsoapopulardestinationforyoungandold.Oneofthefew located inaformerflaktower,isthemoststrikingbuildingMariahilf; also attract these groups.TheHausdesMeeres,or“HouseoftheSea”, pendorfer StraßeandtheareasaroundNaschmarktGetreidemarkt. pendorfer hilf totheU2metroline.Sought-afterresidentialareasmainlyincludeGum- linkingMaria- designedMariahilferStraßeandplannedmetroextension newly The districtisgaininginattractivenessfromthe Beltway. the and station way U U Neubaugasse Pilgramgasse Gumpen- Straße dorfer Mariahilfer Straße U Kettenbrückengasse U HOTSPOTS Museumsquartier Nasch - Getreide- markt markt 30 ×

**** Increased purchase price per square metre due to dominant retail and trade zoning **** Increased purchase price per square metre due to dominant retail and trade HOUSING FACTS GOOD TO KNOW

31,651 RESIDENTS 2020 19.2 km OF CYCLE PATHS

16,994 MAIN RESIDENCES 2020 195 DOCTORS*

1.86 PERSONS/HOUSEHOLD 2020 3 DOG ZONES

32 PLAYGROUNDS MOVED IN + 2,219 510 STREET TREES** MOVED OUT – 1,716 MIGRATION BALANCE + 503

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 4.3% 0–5 YEARS MARIAHILF 30,5% -0.3% 5.6% 6–14 YEARS 11.3% 15–24 YEARS AVERAGE INCOME*** 63.3% 25–64 YEARS 15.5% > 65 YEARS € 21,937 MARIAHILF

€ 21,710 VIENNA AGE 41.2 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.20/m2 OWNER-OCCUPIED OTHER �� € 1 1.20/m2 FIRST OCCUPANCY �� € 5,700/m2 OTHER �� € 4,250/m2 INVESTMENT PROPERTY �� € 2,000 to € 5,900/m2 ****

In this district, 252 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 83 million euros. * Total number of doctors’ offices * Total A SPECIAL FEATURES OF DISTRICT Museumsquartier and Neubaugasse hotspots. Even so, a stroll through the andNeubaugassehotspots.Evenso,astrollthroughthe Museumsquartier makes it an extremely popular place to meet. popular placetomeet. makes itanextremely tecture, music,fashion, theatre,dance,andliterature –itslocationalone archi- arts, stablesisVienna’sepicentrefortheperforming former court thousandsquaremetresinthe orMQ,onninety The Museumsquartier, highly concentrated format. of sustainableandorganicdelights,butalsoathrivingcultural sceneina withawiderange diversity trends areset.Neubaunotonlyhasculinary to studioopeningsandoff-theatreproductions,thisiswherethehottest est inrestaurant concepts andfashionable designstudiosonNeubaugasse The SeventhDistrictisconsideredtobethehippestincity. Fromthelat- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1070 NEUBAU residential area. Demand for housing is especially high around the residential area.Demandforhousingisespeciallyhigharoundthe asa structure dominateinNeubau,makingitaspopularever DIVERSE RANGEOFATTRACTIONS ORGANIC AND HIP U U Burggasse-Stadthalle Thaliastraße U and first-classinfra- Westbahnhof Schottenfeldgasse U Burggasse Zieglergasse Neubaugasse Lindengasse in the planned expansion totheformerSophienspitalhospital. in theplannedexpansion foraroundahundredandeightyapartments ofadevelopment the exception Beltway. smallerprojectswith Districtcurrentlyonlyhasafew TheSeventh theVienna thedecreasingattractivenessofareatowards district reveals Postmaterialists, HighAchievers,andDigitalIndividualists. Three Sinus-Milieus and isalsooneofthefirstattractions tobefoundonenteringthedistrict. The neighbouringVolkstheater majortheatrehalls, isoneofthecountry’s ship, 150 metresinlength,featuringthelargest flightofstairsinVienna. abuilding withadesignabstractly basedona on theNeubauBeltway, onMariahilferStraße andthemodernarchitectureofmainlibrary style berg withitscharacteristic BiedermeierhousestotheuptownWilhelminian tecture isallthemoreintoxicating.The district ranges fromvillage-like Spittel- Neubau hasrelativelylittlegreenspaceat2.3percent,butthediversearchi- U Siebensterngasse Neubaugasse Mariahilfer Straße HOTSPOTS ® feelespeciallyathomewiththisrange ofattractions: U Volkstheater quartier Muse- ums- 32 ×

**** Increased purchase price per square metre due to dominant retail and trade zoning **** Increased purchase price per square metre due to dominant retail and trade HOUSING FACTS GOOD TO KNOW

31,961 RESIDENTS 2020 18.0 km OF CYCLE PATHS

17,748 MAIN RESIDENCES 2020 196 DOCTORS*

1.80 PERSONS/HOUSEHOLD 2020 2 DOG ZONES

48 PLAYGROUNDS MOVED IN + 2,063 554 STREET TREES** MOVED OUT – 1,759 MIGRATION BALANCE + 304

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 4.7% 0–5 YEARS NEUBAU 29.9% -0.9% 5.7% 6–14 YEARS 11.2% 15–24 YEARS AVERAGE INCOME*** 63.5% 25–64 YEARS 14.9% > 65 YEARS € 22,764 NEUBAU

€ 21,710 VIENNA AGE 40.7 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.30/m2 OWNER-OCCUPIED OTHER �� € 11.20/m2 FIRST OCCUPANCY �� € 6,150/m2 OTHER �� € 4,600/m2 INVESTMENT PROPERTY �� € 3,000 to € 5,600/m2 ****

In this district, 240 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 85 million euros. * Total number of doctors’ offices * Total J SPECIAL FEATURES OF DISTRICT of available housing even ifitdoesn’tmakeJosefstadtanylessattrac- of availablehousingeven demandforhousingishigh.Thishasaffectedtheprices Nevertheless famous work“GeschichtenausdemWienerWald“ (Tales fromthe ÖdönvonHorváth’s initsdistinctlyItalianstyle. as Piaristenplatz andsquaressuchJosefstadt hasaclosemeshofpicturesque alleys audienceshere. premiered toexalted theatre, but works by Johann Nestroy andFerdinand Raimund also majornamesassociatedwithtraditionalWagner bourgeois aretwo point inthedistrict.ComposersLudwigvanBeethovenandRichard in 1788, focal theatrehallandanimportant Vienna’soldestexisting isTheaterinderJosefstadt foundedand intellectuals.Oneexample artistsbourgeois character, thisisalsohometomanyofthecity’s tigious addressesthatViennaDowntownhastooffer. Despitethe After theFirstDistrict,Vienna’ssmallestdistricthasmostpres- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1080 JOSEFSTADT free space and resulting low volumeofconstructionactivity.free spaceandresultinglow of availability isscarce,whichmainlyduetotheshortage OSEFSTADT ISVIENNA’S SMALLEST U Josefstädter Straße EXCLUSIVE URBANITY Josefstädter Straße Alser Straße Lerchenfelder Straße district. Housing städter Straße Josef- Laudon- gasse and folkart. Schönbornpark behindtheVolkskundemuseum museumoffolklife stroll andabreathoffreshairin picturesquesmallparkssuchas percent of the district, but it is still possible to take aless than two under constructiononBlindengasseneartheJosefstädterStraßehot- greening for traffic calming. Another residential projectiscurrently residentialprojectonTrautsongassewith anew nearby,aswell Gasse,to meetonLange places tive. Thedistrictbenefitsfromnew for the PostmaterialistsSinus-Milieu fic-calmed locationmakestheEighthDistrictespeciallyattractive gether withthediverserange ofcafésandrestaurants atthistraf- ofcultural leisure attractions to- houses andpubs.Thewidevariety bars andcoolshopstoaddtheabundanceoftraditional coffee Even so,Josefstadtalsomoveswiththetimes.Therearechiccafé self wasalsobasedhere. Vienna Woods) issetin theromanticLange Gasse;theauthor him- spot. U Rathaus ® . Greenspace may account for HOTSPOTS 34 ×

**** The sample observed information. was too small to deliver reliable and accurate HOUSING FACTS GOOD TO KNOW

25,021 RESIDENTS 2020 12.1 km OF CYCLE PATHS

13,217 MAIN RESIDENCES 2020 327 DOCTORS*

1.89 PERSONS/HOUSEHOLD 2020 3 DOG ZONES

18 PLAYGROUNDS MOVED IN + 3,349 474 STREET TREES** MOVED OUT – 3,159 MIGRATION BALANCE + 190

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 4.5% 0–5 YEARS JOSEFSTADT 31.1% +0.3% 5.8% 6–14 YEARS 13.7% 15–24 YEARS AVERAGE INCOME*** 59.9% 25–64 YEARS 16.1% > 65 YEARS € 25,731 JOSEFSTADT

€ 21,710 VIENNA AGE 40.7 YEARS

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.50/m2 OWNER-OCCUPIED OTHER �� € 11.60/m2 FIRST OCCUPANCY �� n/a**** OTHER �� € 4,900/m2 INVESTMENT PROPERTY �� € 3,600 to € 5,700/m2

In this district, 163 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 64 million euros. * Total number of doctors’ offices * Total A SPECIAL FEATURES OF DISTRICT hofstiege steps immortalised inHeimitovonDoderer’snovelofthesame hofstiege stepsimmortalised the many steps,somequiteremarkable such astheStrudel- This explains toDonaukanal. steepslope fromtheViennaBeltway ters withapartly student halls.TheNinthDistrictisdivided intoanumberofdifferentquar- sites and attractions due to, amongst other things, the many university has alivelyrestaurant and cafésceneaswellarichselectionofcultural of Donaukanal–whichtakeupsevenpercentthetotalarea.Alsergrund Liechtensteinpark, thecampusinOldGeneral Hospital,andthebanks The NinthDistricthasseveral recreationalareassuchasVotivpark and inprojects Alsergrund elsewhere such as on Grünentorgasse, Pflug- residential itdoesn’tstopthereasarenew District. However, FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1090 ALSERGRUND is currently the project largest in development the Ninth LTHANGRUND, THE AREA of Economics and the Franz-Josefs-Bahnhof railway station, U Alser Straße U Michelbeuern-AKH IN ALL ITS DIVERSITY UNIVERSITY LIFE between theformerUniversity U Währinger Straße U Nußdorfer Straße Nußdorfer Nussdorfer Straße Nussdorfer Altes AKH Währinger Straße Alser Straße U Bahnhof Spittelau Josefs- Franz-Josefs-Bahnhof Franz- mentioned before,especiallyamongst theHighAchieversSinus-Milieu ofAlserbachstraße aswellthestudenthalls north builtquarters newly of thegreatViennesecomposer. Thedistrict especiallybenefitsfromthe the birthplace Museum in Himmelpfortgrund, Berggasse and the Schubert am AlsergrundthatarejustaspopulartheSigmundFreudMuseumin Volksoper operawith institutionssuchastheWUK, house,andtheTheater andcultural attractionsname. Arts arescatteredthroughoutthedistrict aswelltheareaaroundprevious district includeServitenviertel on Berggasse.project Popular is currently underway hotspots in the residential Straße.Aluxury gasse, Liechtensteinstraße,andNussdorfer Donaukanal. Donaukanal. andVienna around General as Hospital the Altes site AKH, known University ofViennaandMedUni. University Postmaterialists, ontheotherhand,appreciate thevariousfaculties ofthe U U Schottentor Serviten- Friedensbrücke viertel U Roßauer Lände Donau- kanal U Schottenring HOTSPOTS 36 × ® .

HOUSING FACTS GOOD TO KNOW

41,884 RESIDENTS 2020 41.3 km OF CYCLE PATHS

23,127 MAIN RESIDENCES 2020 573 DOCTORS*

1.81 PERSONS/HOUSEHOLD 2020 3 DOG ZONES

44 PLAYGROUNDS MOVED IN + 3,752 1,226 STREET TREES** MOVED OUT – 2,679 MIGRATION BALANCE + 1,073

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 4.8% 0–5 YEARS ALSERGRUND 32.6% +1.8% 6.1% 6–14 YEARS 13.2% 15–24 YEARS AVERAGE INCOME*** 60.7% 25–64 YEARS 15.2% > 65 YEARS € 24,054 ALSERGRUND

€ 21,710 VIENNA AGE 40.0 YEARS

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.10/m2 OWNER-OCCUPIED OTHER �� € 11.40/m2 FIRST OCCUPANCY �� € 6,250/m2 OTHER �� € 4,500/m2 INVESTMENT PROPERTY �� € 3,000 to € 5,200/m2

In this district, 318 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 123 million euros. * Total number of doctors’ offices * Total O SPECIAL FEATURES OF DISTRICT dential areas offering everything underoneroof. dential areasofferingeverything developedres sphere oflessdenselybuilt-upneighbourhoods andnewly i- costs, whereasAdaptive-Pragmatists appreciatethefamily-friendly atmo- at homeinthelong-establishedresidential areaswithattractive housing straße andViktor-Adler-Markt.TheSinus-Milieu and languagescometogetheronthebusyshoppingstreetsofFavoriten- diverse populationcharacterise theTenth ofcultures District–avariety attitudeand inAustriaonitsown.Adown-to-earth largestcity fourth the mostheavilypopulateddistrictsinVienna–districtwouldbe hundredthousandinhabitants, makingitone Favoriten hasaround two projects inthedistrict,manyofwhichincludesubsidisedhousing FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1100 FAVORITEN quarter. This is partly due to the many new developmentquarter. due to the many new This is partly voriten istransitioningintoamodernresidentialandoffice DISTRICT, WORKING-CLASS NCE ACLASSICAL MELTING POT IN THE SOUTH ® oftheTraditionals feels Triester Straße Wiener- berg Reumannplatz Fa - Fa Keplerplatz U as the university ofappliedsciencescampusontheFavoriten roundabout. as theuniversity projectssuchasViolaParkcurrentlyunderdevelopment well extension, bytheU1 district isreflectedincurrenturbandevelopment projectsexpedited for leisure and relaxation. The great innovative potentialof opportunity of the percent greenareaspresenting a wealth limits. Thedistrictconsistsofforty-six with theKurparkrecreationalfacilities andthermalbathsjustwithinthecity residential areas, green oasis and Wienerberg office centre to rural Oberlaa withitssurroundingurbandevelopmentarea,theextensive Vienna Beltway as diversetheirresidents,fromthemodernmainrailway stationonthe neighbourhoodsintheTenthThe variousoldViennesegrätzel Districtare line, which is currently under construction. route of the U2 metroThe latter is already benefiting from the new Belvedere,andBiotopeCityatWienerberg. Quartier Sonnwendviertel, activity includes projects such as This rapid development development. Quartier Südtiroler Platz Favoritenstraße Belve- Hauptbahnhof dere U U U U Alaudagasse Troststraße U Altes Landgut wend- viertel Sonn- U Oberlaa Oberlaa HOTSPOTS 38 ×

HOUSING FACTS GOOD TO KNOW

207,193 RESIDENTS 2020 116.8 km OF CYCLE PATHS

96,787 MAIN RESIDENCES 2020 244 DOCTORS*

2.14 PERSONS/HOUSEHOLD 2020 18 DOG ZONES

177 PLAYGROUNDS MOVED IN + 9,813 7,130 STREET TREES** MOVED OUT – 8,469 MIGRATION BALANCE + 1,344

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 7.0% 0–5 YEARS FAVORITEN 37.8% +7.0% 9.2% 6–14 YEARS 11.9% 15–24 YEARS AVERAGE INCOME*** 56.3% 25–64 YEARS 15.6% > 65 YEARS € 19,752 FAVORITEN

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.30/m2 OWNER-OCCUPIED OTHER �� € 9.60/m2 FIRST OCCUPANCY �� € 4,700/m2 OTHER �� € 3,000/m2 INVESTMENT PROPERTY �� € 1,900 to € 3,200/m2

In this district, 1,416 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 298 million euros. * Total number of doctors’ offices * Total S SPECIAL FEATURES OF DISTRICT dential developers alsoincreasinglyappreciatethegoodinfrastructuraldential developers Privately financed resi- and investment apartments. owner-occupied al oasis;atanareaof250hectares, this isalsooneofthelargesturban in 1874 isthedistrict’smostfamous sight, tourist attraction and recreation- and manymarketgardens.TheZentralfriedhof opened central cemetery percentofthedistrict andincludesagricultural areas,parklands, forty-two rural areasmakesSimmeringunique.Greenspace accounts foralmost The combinationofurbanenvironment,infrastructure, andexpansive to theairport). many majortraffic connectionsthroughthedistrict(includingroute centreduetothe connected to thecity ofVienna,isnowperfectly outskirts andworkers’districtlocated onthe Simmering, onceaclassicalindustry FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1110 SIMMERING OCIAL HOUSING projects coversocialhousingaswell(subsidised)rental, development affordable residentialdistrict.Mostofthenew takes up a large part of Vienna’s most takes up a large part HOTSPOTS St. Marx GOOD CONNECTIONS Geiselbergstraße Grillgasse U U U Zippererstraße Gasometer Enkplatz U Simmering Linie U3 Simmeringer Hauptstraße straße. as wellontheformerSiemenssitebetweenLeberstraßeandBrehm- construction activitiesalongSimmeringerHauptstraße,Geiselbergstraße majorprojectsplannedin2020.Currently,thereareed insomenew Thisisreflect- connections andhighavailabilityoflandfordevelopment. tists Sinus-Milieus why the Traditionalsable living space. This explains and Adaptive-Pragma- The wide-areaSimmeringdistricthasarelativelylargesupplyofafford- Nouveaubuildings. also brilliantArt famous personalities suchasLudwigvanBeethovenandJoeZawinul,but notonlyhascountless tombsof cemeteries intheworld.Thecemetery and thoseintheformergasometer. Simmeringshopping centre suchastheEKZ sive shoppingopportunities estates. TheConsumptionOriented,on theotherhand,enjoyinexpen- neighbourhoods thathavegrownover timeandfamily-oriented housing A4 Kaiserebersdorf Kaiser- ebers - dorf ® areespeciallyheavilyrepresentedas theyvaluethe 40 ×

HOUSING FACTS GOOD TO KNOW

104,434 RESIDENTS 2020 78.5 km OF CYCLE PATHS

48,143 MAIN RESIDENCES 2020 122 DOCTORS*

2.17 PERSONS/HOUSEHOLD 2020 13 DOG ZONES

94 PLAYGROUNDS MOVED IN + 3,549 5,220 STREET TREES** MOVED OUT – 3,908 MIGRATION BALANCE – 359

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 7.3% 0–5 YEARS SIMMERING 30.4% -0.4% 9.9% 6–14 YEARS 11.7% 15–24 YEARS AVERAGE INCOME*** 56.6% 25–64 YEARS 14.5% > 65 YEARS € 19,537 SIMMERING

€ 21,710 VIENNA AGE 38.8 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 10.50/m2 OWNER-OCCUPIED OTHER �� € 9.40/m2 FIRST OCCUPANCY �� € 4,150/m2 OTHER �� € 2,700/m2 INVESTMENT PROPERTY �� € 1,800 to € 2,800/m2

In this district, 585 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 127 million euros. * Total number of doctors’ offices * Total G SPECIAL FEATURES OF DISTRICT for itsaffordableresidentialareaswhile theTraditionals appreciatethe pecially at home in this location. The former mainly appreciate Meidling The ConsumptionOrientedandthe Traditionals Sinus-Milieus a casualstroll. forshoppingor high streetisnotfar away,providingagreatopportunity tomers toitsamazingrestaurants andcafés.TheMeidlingerHauptstraße hotspotattracting mixedcus- discovered. MeidlingerMarktisaculinary connections.Thedistrictalsohaspotentialyettobe to thegoodtransport what offthebeatentrack, butthisisnotnecessarilyadisadvantagedue connections to Vienna Downtown. Meidling is some- also has excellent Meidling isfullofquietsquaresandrelaxedresidentialareas;thedistrict FIRST VIENNARESIDENTIAL REPORT MARKET |2021 the future. One example isamultifunctional,large-scaleprojectplanned the future.Oneexample and in projects taking place now the many development This explains 1120 MEIDLING OOD CONNECTIONS pecially betweenSchönbrunnerStraßeandWilhelmstraße. given risetohighdemandforlivingspaceinthedistrict,es- to the U4 and U6 metro lines have ALL KINDS OF POTENTIAL Hetzendorfer Straße Hetzendorfer Hetzen- dorf ® feeles- Grünbergstraße Hetzendorf U viertel Tivoli- Schönbrunn of culture with its extraordinary productions. of culturewithitsextraordinary Off-theatre Werk X has established temple a presenceas a contemporary Church to themodern architecture of Gatterhölzlkirche. esque Hetzendorf ofchurches,whichrange from theneo-Roman- also knownforitsdensity quarter. upinMeidling’s Gaudenzdorf scene –grew TheTwelfth District is legend GeorgDanzer–amajornameonthecurrentAustrianmusic intheformercemetery.poser JosephHaydnisstillpreserved “Austropop” count for12.5 percentofthedistrict’s area.Thetombstoneoffamous com- Haydnpark is one of the relatively scarce green spaces, which in total ac- mosphere inmanyofthetraditional Vienneseneighbourhoods. reasonable costoflivingalongsidethedistrict’spleasant,small-townat- dorf, ahotspotespeciallypopularwith families. dorf, seeing avarietyofhousingprojectsgraduallytakingshapenearHetzen- areais development Rechte WienzeileandArndtstraße.TheWildgarten haverecentlybeencompletedon housingdevelopments district. New intheon theformerKometestate,whichissettoboostdevelopment U Am Schöpfwerk Haupt- U manns- straße U Meid- linger U dorf Alt- Meidlinger Hauptstraße Tscherttegasse Philadelphiabrücke U Niederhofstraße U Wienerbergstraße Längenfeldgasse Meidling HOTSPOTS 42 ×

HOUSING FACTS GOOD TO KNOW

97,078 RESIDENTS 2020 58.5 km OF CYCLE PATHS

47,961 MAIN RESIDENCES 2020 215 DOCTORS*

2.02 PERSONS/HOUSEHOLD 2020 13 DOG ZONES

90 PLAYGROUNDS MOVED IN + 4,519 4,083 STREET TREES** MOVED OUT – 4,112 MIGRATION BALANCE + 407

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.1% 0–5 YEARS MEIDLING 35.1% +4.3% 8.3% 6–14 YEARS 11.7% 15–24 YEARS AVERAGE INCOME*** 58.1% 25–64 YEARS 15.8% > 65 YEARS € 20,349 MEIDLING

€ 21,710 VIENNA AGE 40.1 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.70/m2 OWNER-OCCUPIED OTHER �� € 10.30/m2 FIRST OCCUPANCY �� € 4,550/m2 OTHER �� € 3,150/m2 INVESTMENT PROPERTY �� € 2,000 to € 3,200/m2

In this district, 780 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 193 million euros. * Total number of doctors’ offices * Total T SPECIAL FEATURES OF DISTRICT Schloss Schönbrunnpalace,andits opulent hallsprovideauniqueop- distinctly majesticaura. Theformersummerresidence oftheHabsburgs, attraction hasa ofthecity. withitspanoramic view Moreover,Hietzing Gustav Klimt,andFranz Grillparzercametotheirfinal restisalsoagreat wherefamous personalitiessuchasOttoWagner,magnificent cemetery into the city. further park, a publicly accessible nature reserve Hietzing’s hillsorthelocalrecreationareaofLainzerthe Wienerwald Tiergarten sirable residential areas. Tourists andday-trippers also lovetogo total area.ItcomesaslittlesurprisethisisoneofVienna’mostde- percentofthedistrict’s spaces thataccountfornolessthanseventy –thisdistrictleadsViennaintermsofgreen Green, greener,Hietzing FIRST VIENNARESIDENTIAL REPORT MARKET |2021 sing aswelltheOberSt.Veit tomeet hotspotarebeingdeveloped residentialspacesuchasinLainzandSpei- only amongstfamilies.New 1130 HIETZING HE THIRTEENTH DISTRICT as wellTierparkSchönbrunnzoologicalgardens–andnot residential areawithitsmanygreenandrecreationalspaces GREEN, GREENER, HIETZING isseenasahighlyattractive Wolf inderAu St. Veit Ober U Hütteldorf U Ober St.Veit Lainz U can evenbeseeninthepopulace: thePostmaterialistsSinus-Milieu stillhasvisibleandpalpabletraces ofroyallifethat Elegant Hietzing alook. gardens, theworld’soldestzoostillinoperation, arealsoworth palace gardensandtheenchantingTierparkSchönbrunnzoological Schönbrunnchildren’s museum,puppettheatre,andregularconcerts. lifeoftheKaisers, and also features a to delveinto everyday portunity high-class restaurants. appreciate theelitistresidentialarea withitstraditional mansionsand ofthedistrict,whileEstablished as wellthearchitectural variety greenareasmentionedabove is especiallyattracted totheextensive compared to the total area of Hietzing. compared tothetotalareaofHietzing. scarceas Jagdschlossgasse.Evenso,constructionactivityissomewhat buildings,such ket locationsarefindingincreasinguseforapartment underconstruction.Oldmansionsandvillasinupmar- developments housing currentlyhastwonew the demand.TheSchweizertalstraße Unter St.Veit Lainzer Straße Preyergasse/Speising Preyergasse/Speising U Hietzing Hietzing Alt- Grünbergstraße HOTSPOTS 44 × ®

HOUSING FACTS GOOD TO KNOW

54,040 RESIDENTS 2020 63.6 km OF CYCLE PATHS

27,160 MAIN RESIDENCES 2020 373 DOCTORS*

1.99 PERSONS/HOUSEHOLD 2020 3 DOG ZONES

45 PLAYGROUNDS MOVED IN + 1,759 6,410 STREET TREES** MOVED OUT – 1,633 MIGRATION BALANCE + 126

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.8% 0–5 YEARS HIETZING 20.5% -10.3% 8.2% 6–14 YEARS 9.6% 15–24 YEARS AVERAGE INCOME*** 52.6% 25–64 YEARS 23.8% > 65 YEARS € 26,741 HIETZING

€ 21,710 VIENNA AGE 44.7 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.1 0/m2 OWNER-OCCUPIED OTHER �� € 11.50/m2 FIRST OCCUPANCY �� € 6,250/m2 OTHER �� € 4,400/m2 INVESTMENT PROPERTY �� € 2,200 to € 5,300/m2

In this district, 435 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 161 million euros. * Total number of doctors’ offices * Total T SPECIAL FEATURES OF DISTRICT not miss the brand new Hütteldorf Stadium,whichbelongstoAustria’s Hütteldorf not missthebrand new to theTechnical Museumestablishedin1918. aficionadosshould Sports more inclinedtowardsthenatural sciencesshouldconsider payingavisit protagonist, GustavKlimt,wasbornhere onLinzerStraße in1861. Anyone by AustrianarchitectOttoWagner. Nouveau Another world-famous Art city. Nouveau church designed This is also the location of a unique Art ofthewhole withaspellbindingview area ofoutstandingnatural beauty deepintothedistrict;Steinhofgründe are anotherrecreational extends BiospherePark,which hills, anareanowmostlycomprisingaUNESCO green spacesandrecreationalareas.ThisislargelyduetotheWienerwald percent Penzing ranks third amongstVienna’sdistrictsataroundsixty-one in the urban areas of Penzingattractive developments such as at the appreciate theWolfersberg andBreitenseehotspotareas.Therearealso railway network)aswellspaciousgreenareas.Families especially FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1140 PENZING advantageous transport links(U4metrolineandtheregional advantageous transport althoughmanyfamiliesalreadybenefitfromfor development HE FOURTEENTH DISTRICT HOTSPOTS Mauerbachstraße THE GREEN GATES TO VIENNA Weidlingau still hasplentyofpotential Hadersdorf Wolf inderAu Wolfers- U berg Hütteldorf Amundsenstraße Linzer Straße lished and Conservatives Sinus-Milieus lished andConservatives residential development projects especially attract the Estab- high-quality traditional buildings, attractive estateswithdetachedhousesaswell andAustrianWesternand rail connections tothemotorway Railway;the location hasgoodroad largest footballclub,Rapid.Thisquietoutskirts Housing demand is also increasing along Hütteldorfer Straße. Housing demand is also increasing along Hütteldorfer BreitenseerStraße,andSchützplatz. cluding LinzerStraße,Leyserstraße, in- developments investmentapartment in 2020.Thedistricthasseveral onPenzinger Straße76tion alsobeganforalargeresidentialcomplex here.Construc- squaremetresiscurrentlyunderdevelopment thousand livingareaofaroundahundredKörner-Kaserne barrackssite.Anew venue. self-managed residential project in Austria and also a popular concert zing’s specialitiesistheSargfabrik, or“coffin whichisthelargest factory”, tastesforenjoyment infriendlycompany.range ofculinary OneofPen- The various restaurants and coffee houses in Penzing embrace a wide U Hadikgasse Ober St.Veit Hütteldorfer Straße Hütteldorfer Breiten- see U ® Hietzing . Penzing Breitensee U Johnstraße 46 ×

HOUSING FACTS GOOD TO KNOW

93,634 RESIDENTS 2020 89.1 km OF CYCLE PATHS

46,852 MAIN RESIDENCES 2020 233 DOCTORS*

2.00 PERSONS/HOUSEHOLD 2020 8 DOG ZONES

60 PLAYGROUNDS MOVED IN + 3,561 4,301 STREET TREES** MOVED OUT – 3,339 MIGRATION BALANCE + 222

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.9% 0–5 YEARS PENZING 26.8% -4.0% 8.0% 6–14 YEARS 10.4% 15–24 YEARS AVERAGE INCOME*** 56.9% 25–64 YEARS 18.8% > 65 YEARS € 22,853 PENZING

€ 21,710 VIENNA AGE 42.2 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.90/m2 OWNER-OCCUPIED OTHER �� € 10.60/m2 FIRST OCCUPANCY �� € 4,900/m2 OTHER �� € 3,350/m2 INVESTMENT PROPERTY �� € 2,000 to € 3,600/m2

In this district, 906 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 248 million euros. * Total number of doctors’ offices * Total R reputation as a working-class district in the other part abovetheWest-reputation asaworking-class district in theotherpart of the quarter.in the lower part The Fifteenth District still lives up to its ist Carl Auer von Welsbach, the park is apopular local recreation area just over nine percent of green area. Named after the Austrian chem- Auer-Welsbach-Park is the largest green space in the district, which has specialities. Ataroundahundredandtenthousand square metres, the and nowprovidesafineselectionoffreshgoodsinternationalfood Schwendermarkthasalsobeen revitalised,another onReindorfgasse. toone cafés,andfashionable boutiquesstandnext Creative offices,new The FifteenthDistrictisayouthfulandmulticultural placeoftransition. OF DISTRICT SPECIAL FEATURES hof railway station inmid-2021, whichisset to improve the area’s first urbanIkeaincludingahostelwillbemovingintotheWestbahn- projects.The development andsomenew buildings, loftextensions, FIRST VIENNARESIDENTIAL REPORT MARKET |2021 RUDOLFSHEIM- 1150 FÜNFHAUS struction activitiescurrentlymainlyincluderestorationofold from “problem district” to sought-after residential area. Con- UDOLFSHEIM-FÜNFHAUS HOTSPOTS RENEWAL ON TRACK has undergoneatransition Linzer Straße U Johnstraße U Schönbrunn Rechte Wienzeile within theViennaBeltway. alternativelocationwith affordablehousingpricesinthisinexpensive the centrallocation,goodconnectionsandinfrastructuretogether Fifteenth District with the younger population especially appreciating popularity. Demandreflectsthisincreasingqualityoflivinginthe in andSechshaushavealsogrown attractiveness. Nibelungenviertel provement. positionforfutureim- to ViennaDowntown,placingitin an excellent affordable restaurants andlivingspace.Rudolfsheim-Fünfhausisclose while theConsumptionOrientedbenefitfromshopping opportunities and tive-Pragmatists entertainment, appreciate the abundance of sports, ly heavily concentrated in Rudolfsheim-Fünfhaus: Escapists and Adap- andotherevents.ThreeSinus-Milieus as wellconcerts offacilities foramateurandprofessionalsports Austria withavariety isthelargestvenuein Stadthalle civiccentreneartheViennaBeltway ern Railway, which has been less affected by the changes. The Wiener Hütteldorfer Straße Hütteldorfer lungen- viertel Nibe- Rustengasse U Reindorf-/ Rusten- viertel Schweglerstraße Felberstraße U Reindorfgasse Meidlinger Hauptstraße Mariahilfer Straße U Längenfeldgasse U Gumpendorfer Straße Gumpendorfer Sechs- haus U Westbahnhof bahn- West- hof ® areespecial- 48 ×

HOUSING FACTS GOOD TO KNOW

76,813 RESIDENTS 2020 36.7 km OF CYCLE PATHS

39,167 MAIN RESIDENCES 2020 151 DOCTORS*

1.96 PERSONS/HOUSEHOLD 2020 8 DOG ZONES

73 PLAYGROUNDS MOVED IN + 5,321 2,403 STREET TREES** MOVED OUT – 4,700 MIGRATION BALANCE + 621

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% RUDOLFSHEIM- . 5.7% 0–5 YEARS +11.4% FÜNFHAUS 42.4% 7.3% 6–14 YEARS 12.6% 15–24 YEARS AVERAGE INCOME*** 60.9% 25–64 YEARS 13.5% > 65 YEARS € 18,343 RUDOLFSHEIM-FÜNFHAUS

€ 21,710 VIENNA AGE 39.1 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.70/m2 OWNER-OCCUPIED OTHER �� € 10.30/m2 FIRST OCCUPANCY �� € 4,600/m2 OTHER �� € 3,150/m2 INVESTMENT PROPERTY �� € 2,000 to € 3,500/m2

In this district, 569 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 127 million euros. * Total number of doctors’ offices * Total O SPECIAL FEATURES OF DISTRICT variety. from any one Thehustleandbustleofthemarketcanbeobserved in Europeisnotonlystillhighlyaffordable, itcannotbebeatenintermsof highlight specialities. with its culinary The longest permanent street market densely built-up areas with other attractions. Brunnenmarkt isa special closer inare the parts total area, mainly located towards the outskirts; percent of the district’s Vienna. Green spaces account for around thirty over the Wilhelminenberg local recreation area with enchanting views student life and a cultural melting pot are all athome in Ottakring, as is wald hillsandBeltway. Winetaverns,hikingtrails, aWilhelminianquarter, Wiener- Ottakring providesabalancedmixofurbanlandscapesbetween across the entire district dominate in projects extending development FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1160 OTTAKRING the Vienna Beltway and the Wienerwald hills.Small-scalethe ViennaBeltwayandWienerwald sible as reflected inthe highly diverse population between TTAKRING FEATURES HOTSPOTS Gallitzin- berg many faces in the best way pos- minen- Wilhel- berg TRADITIONAL BEER BETWEEN Wilhelminenstraße Thaliastraße U Kendlerstraße U Hernalser Hauptstraße Ottakring Hernals ‘ in Ottakring. in moved over tothe neighbouring streets securing its place as ahotspot waning,butsomeofithas isslowly basis. ThehypeofYppenplatz improvingthedistrictonabroad currentdevelopment, the quarter’s son found his final resting place atthe local cemetery. wine tavern genre, can still be listened tohere. Ottakring’s established composed by Karl Hodina, awell-known representative ofthe Viennese and hipmarkets. MusicBlech”, itisalso avenue for clubbing, concerts, beer,knownasthe“16er- notonlybrews Ottakring’s districtbrewery cafés, andrestaurants, chiefly on Thaliastraße and Ottakringer Straße. They especially appreciate the multiculturalism and varied supply of shops, prisingly, theEscapistsSinus-Milieu Unsur- of the many cafés and restaurants on neighbouring Yppenplatz. YOUNG’ WINE AND Yppen- platz U Thaliastraße U Josefstädter Straße ® feels particularly comfortable here. comfortable feelsparticularly U Alser Straße 50 ×

HOUSING FACTS GOOD TO KNOW

103,117 RESIDENTS 2020 42.8 km OF CYCLE PATHS

51,784 MAIN RESIDENCES 2020 201 DOCTORS*

1.99 PERSONS/HOUSEHOLD 2020 2 DOG ZONES

76 PLAYGROUNDS MOVED IN + 5,239 3,481 STREET TREES** MOVED OUT – 4,562 MIGRATION BALANCE + 677

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.1% 0–5 YEARS OTTAKRING 36.8% +6.0% 7.8% 6–14 YEARS 11.6% 15–24 YEARS AVERAGE INCOME*** 58.9% 25–64 YEARS 15.6% > 65 YEARS € 20,309 OTTAKRING

€ 21,710 VIENNA AGE 40.3 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.70/m2 OWNER-OCCUPIED OTHER �� € 10.40/m2 FIRST OCCUPANCY �� € 4,650/m2 OTHER �� € 3,100/m2 INVESTMENT PROPERTY �� € 1,800 to € 3,800/m2

In this district, 1,056 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 221 million euros. * Total number of doctors’ offices * Total J SPECIAL FEATURES OF DISTRICT metro line extension project. The planned new turquoise linewillbe project.Theplannednew metro line extension The districthasseenmuchimprovementmainlyduetotheongoingU5 located right next totheactualDornbachgraveyard. located rightnext with thenotoriousFriedhofstribüne, or“graveyard grandstand”. Itis Clubstadiumfor footballfans. Theyalltroop towardsViennaSports The SeventeenthDistrictisnotonly a great dayoutbutalsoamagnet No lessthanhalfofthedistrictconsistsgreenspaces. and recreational areas suchas theSchafberg andSchwarzenbergpark. tobothViennaDowntowndistrict’s attractiveness liesinitsproximity to Wilhelminian buildings andsocialhousingtowardsthecentre.The bourhoods fromestateswithdetachedhousesinthemorerural part Hernals hasadiverselocalpopulationasreflectedinitsvariedneigh- tooffer.Vienna’s SeventeenthDistricthasalittlebitofeverything FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1170 HERNALS Vienna’s citycentreandthemoreruralouterareaofHernals. near contrastwithamoreurbanpart also featuresanexciting UST LIKE ITS DISTRICT NEIGHBOUR, HOTSPOTS A BIT OF EVERYTHING Heuberg waldegg Ottakring, Hernals Neu- Alszeile nised hotspotsofthedistrict. Long-established locations such as Neuwaldegg and Heuberg are recog- remainingsitesavailablefordevelopment. struction activityonthefew fic-related trendwillseeanupsurgeinpricesaswellincreasedcon- from2026onwards.Thistraf- toElterleinplatz running fromKarlsplatz appeal tothisgroup. scene, intheneighbourhoodand onthenearbyViennaBeltway, to the alternative pubAttractively priced housing and proximity Her andculture.nals. Theyappreciatethevibrant mixoflifestyle In particular, theEscapistsSinus-Milieu In particular, yards awayfromtheMetropol. in thesamearea,justafew upon Ottakring.ThegreatAustrianauthorChristineNöstlingergrew districtbordering canbefoundespeciallytowards theYppenplatz art Venues stage shows. entertaining and avant-gardefor contemporary most preciate Hernals;theWienerMetropolandKulissehostcity’s theatreloverswillespeciallyap- From thecultural perspective,variety Hernalser Hauptstraße Hernals Wattgasse Elterlein- platz U ® Alser Straße iswell-representedin 52 ×

HOUSING FACTS GOOD TO KNOW

57,027 RESIDENTS 2020 36.6 km OF CYCLE PATHS

28,459 MAIN RESIDENCES 2020 196 DOCTORS*

2.00 PERSONS/HOUSEHOLD 2020 3 DOG ZONES

37 PLAYGROUNDS MOVED IN + 3,008 2,513 STREET TREES** MOVED OUT – 2,601 MIGRATION BALANCE + 407

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.0% 0–5 YEARS HERNALS 35.0% +4.2% 7.9% 6–14 YEARS 11.3% 15–24 YEARS AVERAGE INCOME*** 58.7% 25–64 YEARS 16.1% > 65 YEARS € 22,420 HERNALS

€ 21,710 VIENNA AGE 40.4 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY ...... € 11.50/m2 OWNER-OCCUPIED OTHER ...... € 10.30/m2 FIRST OCCUPANCY ...... € 4,600/m2 OTHER ...... € 3,200/m2 INVESTMENT PROPERTY ...... € 2,400 to € 4,000/m2

In this district, 425 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 104 million euros. * Total number of doctors’ offices * Total W SPECIAL FEATURES OF DISTRICT park, anamethatharkensbacktothe siegeofViennabytheOttomans Türkenschanz-fer Schlosspark,around Kutschkermarkt, or intheexpansive The EighteenthDistrictisidealforlong walksintheromanticPötzleinsdor- 1931. 71at Sternwartestraße untilhisdeathin observatory neartheuniversity livedtogetherwithhisfamily Schnitzler to Döbling.VienneseauthorArthur and embassiesaswellromanticgardensparkslinetheborder or “cottage referred to as the Cottageviertel, part Elegant villas quarter”. Währing’s statusasoneofVienna’sfinerdistrictsismainlyduetothe FIRST VIENNARESIDENTIAL REPORT MARKET |2021 kermarkt, WähringerCottage,andSchafberg. 1180 WÄHRING ÄHRING IS STILL with price levels tomatch.Popular hotspotsincludeKutsch- with pricelevels high areas inVienna.Thedemandforlivingspaceisstillvery one of the most desirable residential Schaf- berg PRETTY ELEGANT leins- Pötz- dorf HOTSPOTS Gersthofer Straße Währinger Krottenbachstraße Cottage plentiful leisureopportunities. andthe ofNatural ResourcesandLifeSciences, or BOKU, the University institutions,especially ular amongststudentsforthedistrict’s university of thetotalareaWähring. However,theEighteenthDistrictisalsopop- percent and theabundanceofgreenspaceaccounting fortwenty-seven centre, family-friendly ambience,goodconnectionstothecity particularly The PostmaterialistsSinus-Milieu boom inrecentyears. in 1683. Thepopularstreetmarketandsurroundingareahaveseenareal existing livingspace. existing especiallyinrestorationprojectswilladdtothe loftextensions of-the-art housingprojectssuchasonGersthoferStraße.High-qualitystate- new fromoccasional There isnotmuchconstructionactivityinWähringapart Gersthof Währinger Straße Türken- schanz- park kermarkt Kutsch- U U Währinger Straße Nußdorfer Straße Nußdorfer ® isespeciallyattracted tothedistrict’s 54 ×

HOUSING FACTS GOOD TO KNOW

51,497 RESIDENTS 2020 29.9 km OF CYCLE PATHS

26,670 MAIN RESIDENCES 2020 370 DOCTORS*

1.93 PERSONS/HOUSEHOLD 2020 4 DOG ZONES

51 PLAYGROUNDS MOVED IN + 2,786 3,617 STREET TREES** MOVED OUT – 2,361 MIGRATION BALANCE + 425

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.8% 0–5 YEARS WÄHRING 28.3% -2.5% 7.8% 6–14 YEARS 11.0% 15–24 YEARS AVERAGE INCOME*** 57.7% 25–64 YEARS 17.7% > 65 YEARS € 25,480 WÄHRING

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 12.80/m2 OWNER-OCCUPIED OTHER �� € 11.10/m2 FIRST OCCUPANCY �� € 6,200/m2 OTHER �� € 4,200/m2 INVESTMENT PROPERTY �� € 2,100 to € 4,700/m2

In this district, 492 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 199 million euros. * Total number of doctors’ offices * Total D SPECIAL FEATURES OF DISTRICT district’s totalarea. percentofthe wald hills;greenspacesmakeupno lessthanfifty-two fair shareofnatural attractions withboththeDanubeandWiener- hills suchasKahlenbergandLeopoldsberg. Döblinghasmorethanits with winetavernsalongsidebeautiful destinationsforadayoutinthe viticulture addresses inVienna,thedistrictisalsoknownforitsextensive Döbling notonlyhasthereputationofbeingonemostexclusive Vienna andcontributestothedistrict’sdistinctattractive ambience. character withtheir olderbuildingstock;thisattracts manyvisitorsto Mostofthese areashavekepttheirvillage andNussdorf. lenbergerdorf, Döbling is an amalgamationof ten localities that includeGrinzing,Kah- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 and Oberdöbling. The district’s exclusive green spaces also explain the greenspacesalsoexplain and Oberdöbling.Thedistrict’sexclusive 1190 DÖBLING ÖBLING ISINESPECIALLY HIGHDEMAND particular to sought-after uptown areassuchasinSievering tosought-afteruptown particular Thisappliesin spacious andsumptuouslivingopportunities. Sievering EXCLUSIVE PROSPECTS Krottenbachstraße Sieveringer Straße Sieveringer Grinzing Cobenzlgasse döbling Ober - for its Krottenbachstraße Döblinger Hauptstraße Oberdöbling Warte Hohe U ered tobetheworld’slongestcontinuous residentialbuilding. –at1,050housing inthecity metres inlength,Karl-Marx-Hofisconsid- las ofthequarter. Theseincludethemostgrandiose buildingsforpublic district provideafascinating contrast tothewinetavernsandposh vil- number of large public and cooperative housing developments in the Kreisky havechosenDöblingtobetheirplaceofresidence.Evenso,a and politicians including Bruno personalities such as Peter Alexander greenspaces.Itcomesaslittlesurprisethat many starsand expansive rants, whereas Postmaterialists appreciate the quiet traffic situation and pubsandrestau- shopping,andexclusive neighbourhoods, high-quality the district’spopulation.TheEstablishedareattracted tothemansion The EstablishedandPostmaterialistsSinus-Milieus Donaukanal. Donaukanal. ments suchasonHeiligenstädterLändeneartheViennaBeltwayand develop- new to thehigh-incomebracket,buttherearealsoexciting high costsofhousinghere.Mostthedistrict’sinhabitantsbelong Heiligenstädter Straße Nußdorfer Straße Nußdorfer U Spittelau U Nußdorf Heiligenstadt HOTSPOTS ® representmostof

56 ×

HOUSING FACTS GOOD TO KNOW

73,901 RESIDENTS 2020 61.4 km OF CYCLE PATHS

37,633 MAIN RESIDENCES 2020 516 DOCTORS*

1.96 PERSONS/HOUSEHOLD 2020 5 DOG ZONES

58 PLAYGROUNDS MOVED IN + 3,397 7,113 STREET TREES** MOVED OUT – 2,917 MIGRATION BALANCE + 480

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 5.6% 0–5 YEARS DÖBLING 25.8% -5.0% 8.3% 6–14 YEARS 11.0% 15–24 YEARS AVERAGE INCOME*** 53.3% 25–64 YEARS 21.8% > 65 YEARS € 25,699 DÖBLING

€ 21,710 VIENNA AGE 43.4 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 13.30/m2 OWNER-OCCUPIED OTHER �� € 11.20/m2 FIRST OCCUPANCY �� € 7,000/m2 OTHER �� € 4,700/m2W INVESTMENT PROPERTY �� € 3,600 to € 5,000/m2

In this district, 455 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 203 million euros. * Total number of doctors’ offices * Total B SPECIAL FEATURES OF DISTRICT Milieu attractive Brigittenau to theConsumption is particularly Oriented Sinus- Far East,butalsofromtheregion. delightsmainlyfromthe Brigitta. Themarketoffersallkindsof inexpensive ChurchofSt. totheneo-Gothic centre ofthedistrict,islocatedrightnext seeing. Hannovermarkt, the culinary the chapel itself is well worth century; inthemiddleofseventeenth takapelle chapelbuiltinForsthausplatz districts.TheTwentiethenna’s newest Districtisnamed aftertheBrigit- Separated from Leopoldstadt onlyaround1900, BrigittenauisoneofVi- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 planned onthesiteofformerNordwestbahnhofrailwaystationfrom 1200 BRIGITTENAU ® due to its relatively low prices for residential property and eating out, and eating out, due to its relatively low prices for residential property RIGITTENAU IS STILL mainly attracts younger population groups. A new district is mainly attracts younger population groups. A new the neighbouringdistrictsofLeopoldstadtandAlsergrund.This relatively affordablecomparedto JOIE DE VIVRE ON THE WATER HOTSPOTS U Spittelau U Friedensbrücke Adalbert-Stifter-Straße Brigittaplatz addressing thehighdemandforhousing. atMillenniumCityare apartments such asAmKaiwiththreehundrednew ofBrigittenau.Large-scaledevelopments created betweenthetwoparts districtwillbridgethedividethatstationgroundshave 2025; thisnew and enjoyinglifewithitsmultitudeofbars andplacestositdownrelax. signed squareonconstantlybusyWallensteinstraße isidealforstopping of the main cultural de- highlights known throughout Vienna. The newly isone showinWallensteinplatz The recentlyopenedVindobonavariety district borders. provide fine local recreation areas along the Donaukanal, and Augarten fromsmaller parks, theDanube, percentofthedistrict. Apart almost thirty facilities availableonthegreenspacesthataccountfor and diversesports while Adaptive-Pragmatists links appreciatethewell-developedtransport U Augarten Jägerstraße U Dresdner Straße Handels- westbahn- Nord- kai hof Millen- Traisengasse nium City U Handelskai 58 ×

HOUSING FACTS GOOD TO KNOW

86,368 RESIDENTS 2020 36.6 km OF CYCLE PATHS

43,325 MAIN RESIDENCES 2020 147 DOCTORS*

1.99 PERSONS/HOUSEHOLD 2020 8 DOG ZONES

58 PLAYGROUNDS MOVED IN + 5,018 3,209 STREET TREES** MOVED OUT – 4,118 MIGRATION BALANCE + 900

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.2% 0–5 YEARS BRIGITTENAU 38.8% +8.0% 8.3% 6–14 YEARS 12.8% 15–24 YEARS AVERAGE INCOME*** 57.5% 25–64 YEARS 15.2% > 65 YEARS € 19,059 BRIGITTENAU

€ 21,710 VIENNA AGE 39.6 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 11.50/m2 OWNER-OCCUPIED OTHER �� € 10.40/m2 FIRST OCCUPANCY �� € 4,400/m2 OTHER �� € 3,000/m2 INVESTMENT PROPERTY �� € 2,300 to € 3,700/m2

In this district, 622 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 128 million euros. * Total number of doctors’ offices * Total F SPECIAL FEATURES OF DISTRICT ties for developing efficientlyplannedandaffordablehousing.Construction ties fordeveloping ical carefacilities mainlyattract theTraditionals Sinus-Milieu med- The areaswiththeirvillageatmosphere aswelltheextended of localrecreationareas. percent of the green spaces in the district, providing a variety forty-four water parkamounttoalmostnatural gemssuchastheFloridsdorf bursting withcharacter. fields,greenbanks,and Themanymeadows, withtheir winecellarsandtaverns places, theromanticalleyways buildingsinmany Danube,amongstvillageswithwell-preserved New more tooffer. Bisamberg,theOldand Lifeisdefinitelygoodbetween the riverinwhattheycall“Transdanubia”, butthedistricthasmuch asaremoteworking-classdistrictoverMany VienneseseeFloridsdorf FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1210 FLORIDSDORF relatively highhere.Theavailablesitesprovideahostofopportuni- velopers duetoitslargesupplyofland,andconstructionactivityis LORIDSDORF is a particularly attractivedistrictforprojectde- is aparticularly BETWEEN OLD AND NEW Strebersdorf ® A22 , while Prager Straße U Neue Donau Am Spitz U under development onanareaofaround8.2hectares. under development istheAmParkresidentialprojectwitharound1,260 example apartments leer StraßeaddtothebenefitsofTwenty-First District.Oneoutstanding projects alongBrünnerStraße,ontheformerSiemenssite,andBreiten- of RedVienna. ofa“palace”fromthetimes afortress also leadspastKarl-Seitz-Hof, at theLandgut zuJedlesee estateinthenineteenthcentury. Theroute regularly crossedtheDanubetovisit hisacquaintanceCountessErdödy thefootstepsofLudwigvanBeethoven,who trict. Thisstrollfollows buildings isanidealwayofbecomingbetteracquaintedwiththedis- A historicalstrolldownBeethovenwegwithitsdecorative statuesand here fortheharmoniousneighbourhoodsonoutskirts. MiddleClassisalsostronglyinevidencedential environment.TheNew ofleisurefacilities andfamily-friendly resi- Donauinsel withitsvariety the heavilyrepresentedAdaptive-Pragmatists appreciatetheareanear Jedlersdorf Floridsdorf Brünner Straße Brünner Straße Donau Alte Siemensstraße poldau Leo- U U Aderklaaer Straße Großfeldsiedlung U Leopoldau HOTSPOTS 60 ×

HOUSING FACTS GOOD TO KNOW

167,968 RESIDENTS 2020 209.6 km OF CYCLE PATHS

79,435 MAIN RESIDENCES 2020 253 DOCTORS*

2.11 PERSONS/HOUSEHOLD 2020 10 DOG ZONES

138 PLAYGROUNDS MOVED IN + 4,884 9,118 STREET TREES** MOVED OUT – 5,286 MIGRATION BALANCE – 402

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.8% 0–5 YEARS FLORIDSDORF 25.2% -5.6% 9.5% 6–14 YEARS 11.2% 15–24 YEARS AVERAGE INCOME*** 55.6% 25–64 YEARS 16.9% > 65 YEARS € 21,080 FLORIDSDORF

€ 21,710 VIENNA AGE 40.5 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY ...... € 11.30/m2 OWNER-OCCUPIED OTHER ...... € 10.20/m2 FIRST OCCUPANCY ...... € 4,400/m2 OTHER ...... € 3,000/m2 INVESTMENT PROPERTY ...... € 1,600 to € 3,400/m2

In this district, 876 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 210 million euros. * Total number of doctors’ offices * Total D SPECIAL FEATURES OF DISTRICT townsfolk. residential area,butalsoaplacetogo onadayoutformanyofVienna’s percentgreenspace, Donaustadtisnotonlyapopular At morethansixty and Lobau intheDonau-AuenNationalPark. ofrural estateswiththeir Marchfeld,detached houses,parts its extensive alongside theenormousurbandevelopmentareaofSeestadtAspernand on the Danube district includes the skyline of Vienna as well as UNO-City has contrasts quiteasstarktheyare inDonaustadt.Vienna’slargest agriculture,andprimeval forest.Nootherdistrict urbanity, andcountry, City 3projects, withtheDanubeFlatsandDC advanced stagesofdevelopment in hasadditionalprivatelyfinancedapartments district. SeestadtAspern spreadacrosstheentire Straße andDonaufelderStraße,havenow FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1220 DONAUSTADT Large development areas have extended beyond Wagramer beyond areashaveextended Large development the comparativelyhighavailabilityoflandforresidentialprojects. ONAUSTADT is adistrictofbusyconstructionactivitydueto Donau Alte STARK CONTRASTS U Donau- U Donauinsel City Kaisermühlen VIC U HOTSPOTS Alte Donau U Wagramer Straße U Kagran Donaustadtbrücke Raffineriestraße U U U Kagraner Platz Stadlau Rennbahnweg U Hardeggasse U Donauspital U Aspernstraße U Hausfeldstraße variety show.variety aus Wien.Thelattercanalsobeseen atOrpheumWien,awell-known include AustrianfootballstarDavidAlaba andsinger-songwriterDerNino Reflecting theyoungpopulation,prominent personalitiesfromthedistrict ofroomforthewholefamily.tablished residentialbuildingswithplenty astrongpresenceastheyareattracted tothe district’slong-es- shows more green and tranquil Middle Class also residential areas. The New many Adaptive-Pragmatists, whiletheEstablishedfeelathomein The prevailing Sinus-Milieus metres. square years on an area ofaroundfifteen thousand few over the next offices,andhotelstobebuilt apartments, projectwithnew development also adesirableresidentialarea.ViennaTwentytwo iscurrentlythelargest on theDanube.TheOldDanubeisnotonlyaplaceofrecreation,it’s right the latter currently underconstruction, to add the Viennese skyline Seestadt Aspern U U Aspern Nord Aspern Seestadt ® reflect this diversity; Seestadt Aspern attracts reflect this diversity; 62 ×

HOUSING FACTS GOOD TO KNOW

195,230 RESIDENTS 2020 309.3 km OF CYCLE PATHS

88,681 MAIN RESIDENCES 2020 337 DOCTORS*

2.20 PERSONS/HOUSEHOLD 2020 16 DOG ZONES

177 PLAYGROUNDS MOVED IN + 5,627 9,821 STREET TREES** MOVED OUT – 5,600 MIGRATION BALANCE + 27

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.7% 0–5 YEARS DONAUSTADT 21.9% -8.9% 9.9% 6–14 YEARS 11.6% 15–24 YEARS AVERAGE INCOME*** 56.5% 25–64 YEARS 15.3% > 65 YEARS € 21,391 DONAUSTADT

€ 21,710 VIENNA AGE 39.7 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY ...... € 11.70/m2 OWNER-OCCUPIED OTHER ...... € 10.30/m2 FIRST OCCUPANCY ...... € 4,600/m2 OTHER ...... € 3,050/m2 INVESTMENT PROPERTY ...... € 1,900 to € 3,400/m2

In this district, 1,453 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 419 million euros. * Total number of doctors’ offices * Total V SPECIAL FEATURES OF DISTRICT project is a current example. Brown field sites are currently being repurposed fieldsitesarecurrentlybeingrepurposed Brown project isacurrentexample. dential estates,especiallythefamous monumentalbuildingsofAlterlaa as Rodaun and Kalksburg. and Erlaa Siebenhirten both have large resi- such andLiesing,aswell asmorerural parts Atzgersdorf, Inzersdorf, This diversedistrictischaracterised byindustrialareas,forinstancein motorway. the good connections to the metro, regional railway and the services, percentaswell ofgreenspaceatjust overthirty-two proportion oflivingduetoitshigh districtboastsespeciallyhighquality newest mated into the Twenty-Third century. District in the twentieth Vienna’s The district now known as Liesing was once eight villages that amalga- FIRST VIENNARESIDENTIAL REPORT MARKET |2021 1230 out in the open country. InderWiesennon-profithousing The new opment landavailableforaffordablehousingaswellmansions IENNA’S TWENTY-THIRD DISTRICT LIESING Breitenfurter Straße Breitenfurter Mauer EIGHT TREASURES has plentyofdevel- Liesing Liesinger Platz Atzgersdorf Brunner Straße Breitenfurter Straße Breitenfurter Erlaaer Straße U U Siebenhirten U building as well as a park in Vienna are named after her. movement, wasawell-knowndaughter ofthedistrict.Astreet,apublic of the fascinating Wotruba Church in Mauer, a church composed entirely and SchlossErlaapalaces.Thoseinterested inarchitecturewillenjoy as wellto as the the imperial Schloss Rodaun atmosphere of Hietzing here astheyappreciatethisareasteepedintradition anditsproximity gaining in attractiveness from the new connectiontotheU6metroline. gaining inattractivenessfromthenew inadistrictthatisalso ofresidentialdevelopment ing fromthehighlevel are emer bach, and on Rosenhügel. Plenty of affordable living opportunities g - Straße, the riverLiesing- along Breitenfurter into residential developments to theEstablishedSinus-Milieu hillsandLiesingbach valleymakeLiesingespeciallyattractiveWienerwald potential and nearby local recreation growth areas suchThe as excellent residential park, whereas Mauer mostly has detached houses and villas. Erlaaer Straße Perfektastraße U Altmannsdorfer Straße Altmannsdorfer cubic shapes Alterlaa . AdelheidPopp, a figurehead of the Austrian feminist HOTSPOTS ® . Conservatives arealsowell-represented . Conservatives 64 ×

RIVUS Vivere / BUWOG

HOUSING FACTS GOOD TO KNOW

110,464 RESIDENTS 2020 99.5 km OF CYCLE PATHS

51,702 MAIN RESIDENCES 2020 234 DOCTORS*

2.14 PERSONS/HOUSEHOLD 2020 17 DOG ZONES

90 PLAYGROUNDS MOVED IN + 3,029 6,743 STREET TREES** MOVED OUT – 3,104 MIGRATION BALANCE – 75

DEMOGRAPHIC FACTS

FOREIGN NATIONALS AGE PROFILE OF POPULATION

VIENNA 30.8% 6.7% 0–5 YEARS LIESING 21.0% -9.8% 9.3% 6–14 YEARS 10.4% 15–24 YEARS AVERAGE INCOME*** 54.0% 25–64 YEARS 19.6% > 65 YEARS € 23,373 LIESING

€ 21,710 VIENNA AGE 41.8 YEARS ** Trees on public streets managed and maintained by the magistrate according to the tree cadastre; correct as at 2019 according to the tree cadastre; correct as at 2019 on public streets managed and maintained by the magistrate ** Trees annual net income for employees in total, euros, valid as at December 2020 average tax statistics for 2019, *** Source: Wage

HOUSING COSTS (PRICE/m2) RENTED FIRST OCCUPANCY �� € 10.80/m2 OWNER-OCCUPIED OTHER �� € 10.20/m2 FIRST OCCUPANCY �� € 4,300/m2 OTHER �� € 3,1 50/m2 INVESTMENT PROPERTY �� € 2,000 to € 3,500/m2

In this district, 611 changes of ownership were registered in the land registry in 2020, with a total sales value of approx. 165 million euros. * Total number of doctors’ offices * Total FIRST RESIDENTIAL MARKET REPORT | 2021 66 © isochrom BUWOG PROJECTS

LIVING IN CLASS DIRECTLY ON THE DANUBE MARINA TOWER / 1020 VIENNA, WEHLISTRASSE 291

THE MARINA TOWER under development by BUWOG together with IES Immobilien is slowly rising into the sky from the banks of the Danube in Vienna’s Second District. Not far from local recreation areas

such as the greened Praterallee and Donauinsel, this project will see → 511 FREEHOLD APARTMENTS 22–27 kWh/m²a, fGEEThermal power requisition: (total energy efficiency factor): 0.75–0.77 kWh/m²a, fGEE (total energy efficiency 0.74–0.79 factor): Thermal power requisition: 18–28 more than five hundred high-quality owner-occupied apartments with → HIGH-QUALITY FITTINGS newly created direct access to the Danube via MARINA Deck by 2022. → INNOVATIVE SERVICE CONCEPT Divided over 41 upper floors, the apartments benefit from light-flood- → COMPLETION: UNTIL SUMMER 2022 ed interiors above the roofs of the city. Not only the proximity to the → MARINATOWER.AT water, but also the wide range of services make for a special living experience on the Danube; a polyclinic, pharmacy, day-care centre, restaurant, and newsagent are planned for the site. Some of the facilities such as a local store and gym have been set. A catering kitchen, guest lounge, and home cinema also await future residents.

PLANNED BY ZECHNER & ZECHNER ZT GMBH, the project

also benefits from sustainable high quality. A full set of environ- © BUWOG / infinityeleven mentally friendly measures have already received an award from klimaaktiv and ÖGNI, the Austrian Society for Sustainable Real Es- tate Management. After completion, residents will also benefit from environmentally friendly mobility services, high energy efficiency in the building, and first-class quality in the materials and products used in their new home. × Correct as at: December 2020, subject to change.Correct as at: December 2020, subject to changeCorrect 67 FIRST RESIDENTIAL MARKET REPORT | 2021

GREEN OASIS © isochrom PROJEKTEBUWOG FOR RESIDENTS PROJECTSBUWOG IN THE WEST OF VIENNA KENNEDY GARDEN / 1140 VIENNA, PENZINGER STRASSE 76

MANY PEOPLE DREAM of living in a refreshingly green environment gym. Recreation areas and extensive jogging routes are available in the close to nature while still remaining near the city. The BUWOG Kennedy Schönbrunn palace gardens; nearby shops, schools as well as grocery Garden project is creating a wide range of opportunities to this end with and convenience stores can be reached within easy walking distance. 274 owner-occupied and 114 rental apartments as well as 124 Vienna Several bus stops as well as the Hietzing U4 metro line are a few minutes Housing Initiative rental apartments spread over six blocks for idyllic, yet away on foot, keeping the city centre within easy reach. × state-of-the-art living in a green oasis. Expansive green gardens open up between the individually designed blocks in a varied architectural style created by LOVE architecture and urbanism ZT GmbH, Architekt Podse- densek ZT, and clemens kirsch architektur. The complex creates a haven of peace with spaces to meet, talk, and relax. Large private outdoor spaces such as terraces, balconies, loggias, and private gardens have been given → 512 RESIDENTIAL UNITS priority. → BALCONY, TERRACE, OR LOGGIA → EXCELLENT TRANSPORT LINKS EVERY RESIDENT will be able to use the planned underground park- → SCHEDULED COMPLETION: END OF 2022

Thermal power requisition: 22–27 kWh/m²a, fGEEThermal power requisition: (total energy efficiency factor): 0.75–0.77 kWh/m²a, fGEE (total energy efficiency 0.74–0.79 factor): Thermal power requisition: 18–28 ing facilities with more than four hundred parking spaces as well as a → KENNEDYGARDEN.BUWOG.COM © BUWOG / infinityeleven Correct as at: December 2020, subject to change.Correct Correct as at: December 2020, subject to changeCorrect FIRST RESIDENTIAL MARKET REPORT | 2021 68

BUWOG PROJECTS

→ 302 PRIVATELY FINANCED RENTAL APARTMENTS → TERRACE, BALCONY, OR PRIVATE GARDEN → DAY-CARE CENTRE AND ALL-DAY PRIMARY SCHOOL → SCHEDULED COMPLETION: END OF 2022

FAMILY-FRIENDLY QUARTER DEVELOPMENT RIVUS VIVERE / 1230 VIENNA, BREITENFURTER STRASSE 225–233 Thermal power requisition: approx. 25 kWh/m²a, 25 kWh/m²a, approx. Thermal power requisition: fGEE (total energy efficiency 0.7 factor): approx. BUWOG IS DEVELOPING the major RIVUS project on Breitenfurter FAMILY-FRIENDLINESS has been given top priority in the residential kWh/m²a, Thermal power requisition: 40.0–71.1 fGEE (total energy efficiency 0.71–0.78 factor): Straße in the Twenty-Third District; the project will include around eight complex with a day-care centre, state-of-the-art all-day primary school with hundred rental and owner-occupied apartments once it has been fully sports facilities on the roof, and a wide variety of playgrounds and green completed by the end of 2022. Much of the complex has already been spaces on the grounds. An adjoining piazza leading directly to local stores completed, including the infrastructure and expansive inner grounds; con- will bring additional life to the quarter. The development has also focused struction kick-off for the RIVUS Vivere project was in February 2021 and on sustainability with features including a roof-mounted photovoltaic sys- the residential complex will have 302 rental apartments and additional tem. infrastructure services on completion. THE CYCLE AND WALKING PATHS, excellent infrastructure in the THE APARTMENTS in the project designed by PPAG architects ztgmbh Atzgersdorf district, and uncomplicated connections to the city centre have floor areas between 33 and 111 square metres. After completion, as well as the river Liesingbach in the immediate vicinity will create an every residential unit will benefit from high-quality fitted kitchens as well attractive overall living environment with a high level of recreational Correct as at: December 2020, subject to changeCorrect as private outdoor spaces such as balconies, terraces, or private gardens. value. × Correct as at: December 2020, subject to change 69 FIRST RESIDENTIAL MARKET REPORT | 2021

BUWOG PROJECTS

URBAN LIVING WITH A VIEW HELIO TOWER / 1030 VIENNA, DÖBLERHOFSTRASSE 10

BUWOG IS DEVELOPING the HELIO TOWER project at Döblerhof- © BUWOG © BUWOG / infinityeleven straße 10 as part of the urban development area of THE MARKS in Vienna’s Landstraße district. The residential tower designed by BEHF Architects will include around four hundred apartments spread over thirty-three upper floors; of these apartments, 173 will be Vienna Housing Initiative rental apartments and 228 owner-occupied.

EVERY RESIDENTIAL UNIT will have the customary high-quality BUWOG fit and finish for a contemporary, urban lifestyle with a spectacular panorama after their completion in 2023. HELIO TOWER is more than just a name – inspired by the Greek sun god Helios, the BUWOG project features intelligent architecture with a place in the sun alongside breathtaking views for all the residents. A highly effec- tive air-conditioning system, extensive greening in the surroundings, and twenty-seven e-charging stations will ensure sustainable living

Thermal power requisition: 40.0–71.1 kWh/m²a, kWh/m²a, Thermal power requisition: 40.0–71.1 fGEE (total energy efficiency 0.71–0.78 factor): 25 kWh/m²a, approx. Thermal power requisition: fGEE (total energy efficiency 0.7 factor): approx. culture.

RESIDENTS WILL BENEFIT from an excellent infrastructure with local shops as well as grocery and convenience stores close by. → 401 RESIDENTIAL UNITS The historic gasometers are easily accessible on foot and include a → 33 UPPER FLOORS shopping centre, cinema and cafés, pubs and restaurants as well as → DAY-CARE CENTRE event venues. A day-care centre will be integrated into the HELIO → SCHEDULED COMPLETION: TOWER. The location features excellent transport links with both BEGINNING OF 2023 the motorway and the U3 metro line’s Gasometer stop only a few → HELIO.BUWOG.COM minutes away. × Correct as at: December 2020, subject to change as at: December 2020, subject to changeCorrect FIRST RESIDENTIAL MARKET REPORT | 2021 70

BUWOG PROJECTS Thermal power requisition: 41.26 kWh/m²a, fGEE (total energy efficiency 0.83 factor): Thermal power requisition: 41.26

→ 116 FREEHOLD APARTMENTS → MIX OF OLD AND NEW BUILDING STOCK → HIGH-QUALITY FITTINGS

→ SCHEDULED COMPLETION: AUTUMN 2022 Correct as at: December 2020, subject to change → GATTERBURGGASSE.BUWOG.COM © BUWOG / dreizueins

A SPECIAL CLASS OF COMFORT IN DÖBLING INSIDE XIX / 1190 VIENNA, GATTERBURGGASSE 12

FROM OFFICIAL BUILDING TO DREAM ACCOMMODATION: THE A HUNDRED AND ONE APARTMENTS in the new building Thermal power requisition: 24.7 kWh/m²a, fGEE (total energy efficiency 0.78 factor): BUWOG is developing the Inside XIX residential project at Gatterburg- will also be a sight to behold after completion. The building will be an oasis gasse 12 by repurposing the existing old building and adding a new one. of wellbeing as each apartment will be equipped with high-quality parquet, The entrance to the project designed by Atelier Heiss is a testament to an outdoor space such as balcony, terrace, loggia, or private garden, and the prestigious ambience reflected in each and every residential unit – the tranquil inner courtyard setting. The residents will also benefit from a the old official building is being transformed into a residential property gym inside the property. with fifteen exclusive apartments. THE PROJECT not only benefits from its location in the uptown district MOST OF THE APARTMENTS exude an elegant and stately domes- of Döbling with its lush green surroundings, but also from excellent pub- tic atmosphere with high ceilings, double wing doors, oak herringbone lic transport connections with tram stops a few minutes away on foot and parquet, and Old Viennese fittings. The penthouse apartment on the top the nearest metro station less than ten minutes’ walk away. Moreover, floor of the old building features a beautiful gabled ceiling that once held the property has 119 parking spaces available in the underground parking the official building’s clock as viewed from outside. facilities in the building. × Correct as at: December 2020, subject to change © Krischanz 71 FIRST RESIDENTIAL MARKET REPORT | 2021

EHL IMMOBILIEN LIVING AT THE PULSE OF PROJECTS DOWNTOWN VIENNA 1010 VIENNA, KRUGERSTRASSE 16

Thermal power requisition: 41.26 kWh/m²a, fGEE (total energy efficiency 0.83 factor): Thermal power requisition: 41.26 NINE EXCLUSIVE APARTMENTS between 103 and 290 square me- THE STATE OPERA, Albertina, and numerous sights such as St. Ste- tres in area will be available for rent in a beautifully restored old-style phen’s Cathedral, Hofburg, and the Church of St. Charles are also close building just three minutes’ walk from the world-famous Vienna State by. Moreover, there is a large selection of excellent restaurants, bars, Opera in the beating heart of Vienna. coffee houses, and shops in the immediate surroundings. The project is also ideal for public transport with the nearby Stephansplatz and Karls- THE GENEROUSLY CUT two to four-bedroom apartments are a styl- platz metro stations serving multiple lines as well as the tram lines on ish blend of the contemporary with Viennese history. High-quality ma- the Ring. terials and elegant living comfort with great attention to detail took top priority in restoring the building. The top-floor apartments also benefit VARIOUS PARKS including Volksgarten, Burggarten, and Stadtpark from terraces with a unique view over Vienna Downtown, one of which in the surroundings are ideal for a stroll or break to relax and wind

Correct as at: December 2020, subject to change even has a spectacular view of St. Stephen’s Cathedral. down. × © BUWOG / dreizueins Thermal power requisition: 24.7 kWh/m²a, Thermal power requisition: 24.7 kWh/m²a, fGEE (total energy efficiency 0.78 factor):

→ NINE EXCLUSIVE APARTMENTS → SOME WITH OUTDOOR SPACES → PERFECT DOWNTOWN LOCATION → HIGH-QUALITY FITTINGS

Correct as at: December 2020, subject to change © Krischanz → READY TO MOVE INTO and investmentapartments. owner-occupied high-quality state-of-the-art market with around 280 area of4.1 hectares.Blocksfiveand sixarecurrentlygoingontothe onatotal builtbyvariousdevelopers and privatelyfinancedapartments subsidised yearswillseemorethanathousand few Kaserne. Thenext oftheoldbarracksKörner- zing’s Breitenseelocalityoccupyingpart THE NEWDEVELOPMENT A NEWRESIDENTIAL AREA (BLOCKS 5AND6) KÖRNER-KASERNE /1140VIENNA,SPALLARTGASSE FIRST RESIDENTIAL REPORT MARKET |2021 72 trees that were to be preserved asfarpossible. trees thatweretobepreserved residential buildingshavebeenplannedaroundthebeautifulold The new enclosedbyawallforusethemilitary.square metreswaspreviously their neighbours.Thegreenspace measuring aroundfifteenthousand which waslikeasecretgarden,made accessibleagaintoresidentsand GARDEN PENZING’S SECRET EHL IMMOBILIEN PROJECTS

will see the previously inaccessible park, will see the previously is emerging from the middle of Pen- → → → → LEISURE ACTIVITIES HIGHER-LEVEL FACILITIES → spital, andOtto-Wagner-Spitalarealso inthevicinity. tals suchasHanusch-Krankenhaus,St.JosefKrankenhaus,Wilhelminen Center shoppingmall,avarietyofdoctor’sofficesandpharmacies,hospi- and the S45 Breitensee regional railway station are close by. The Auhof as wellstopsforthe49and10 tramlines,51A and12A buslines, theU3metroline StraßeandKendlerstraßestationsserving Hütteldorfer links. transport greenspaces,butalsofromitsexcellent from expansive notonlybenefits children andyoungpeople.Theresidentialcomplex centre are planned alongside recreational and playground facilities for Schönbrunn palaceinthesurrounding area. Museum, Penzing’s publicbath,Steinhofgründe,Dehnepark, andSchloss COMPLETION: FIRST HALFOF2022 EXCELLENT TRANSPORT LINKS IN THEMIDDLE OFAPARK LANDSCAPE HIGH-QUALITY FITTINGS 280 FREEHOLDAPARTMENTS are availableinabundancewiththe Technical such aslocalshopsandaday-care

Thermal power requisition: from 21.98 to 41.41 kWh/m²a, fGEE (total energy Correct as at: December 2020, subject to change efficiency factor): 0.67–0.76 (depending on house type) © schreiner, kastler terrace, orbalcony. haveoutdoorspacessuchasagarden, site two;mostoftheapartments bedrooms inavarietyofbuildingtypesarecurrentlyonthemarketat withuptothree rentalstudioflatsandapartments ten state-of-the-art sites.Twoveloping diverseresidentialprojectsonseveral hundredand THE AUSTRIAN REALESTATE COMPANY VIENNA’S FIRST RESIDENTIAL QUARTER EMIL-BEHRING-WEG 5 WILDGARTEN /1120 VIENNA,MONA-LISA-STEINER-WEG 17–31, 73 TEN SMALL RESIDENTIAL BUILDINGS sustainability bothtaketoppriority. on Rosenhügel hill in the Twelfthgarten District; ecological and social atWild- rightiscurrentlyunderdevelopment into adistrictinitsown and owner-occupied apartments willbebuiltinecologicallysustainable apartments and owner-occupied DIVERSE LIVING

with fifty-threeinvestment (ARE) iscurrentlyde- (ARE) to develop graduallyto develop site restaurant. modern mobility. Allresidentsbenefit fromalargesupermarketandon- stopsensure publictransport parking,andnew E-charging stations,cycle ofthequarter.of parkingspacesavailableingarages ontheoutskirts mortar. sizesbuiltintraditionalbricksand housesofvarying sunflower eleven withbalconiesorloggiasspreadover apartments two owner-occupied ONTHEGROUNDS → → → → THE ENTIREAREA SITES FOURANDFIVE → air conditioning in the interiors and especially low building density.air conditioningintheinteriorsandespeciallylow equipped withprivateoutdoorspaces,andwillalsobenefitfromgood bytheendof2021.timber atsiteseven willbe Alltheapartments DAY-CARE CENTREANDSUPERMARKET TRAFFIC-FREE ZONE OF GREEN OUTDOORPLENTY SPACES BRICKS-AND-MORTAR ANDWOOD CONSTRUCTION DIVERSE RESIDENTIAL PROJECTS FIRST VIENNARESIDENTIAL REPORT MARKET |2021 has beendesignedtobetraffic-free withplenty have alreadybeencompletedwitheighty- EHL IMMOBILIEN PROJECTS

× FIRST RESIDENTIAL MARKET REPORT | 2021 74

→ 73 INVESTMENT AND 65 OWNER-OCCUPIED APARTMENTS POLDINE AND SELMA → INDIVIDUAL FLOOR PLANS → OPEN AREAS IN ALL APARTMENTS AM PARK → BEAUTIFUL PARKLAND AREA POLDINE UND SELMA AM PARK / 1210 VIENNA, LEOPOLDINE- → COMPLETION: AUTUMN 2021 PADAUREK-STRASSE 17 AND SELMA-STEINMETZ-GASSE 4–8

THE TWO AUSTRIAN REAL ESTATE (ARE) sister projects Poldine SELMA BENEFITS from a distinctly Mediterranean flair with white- fGEE (total energy efficiency 0.75 factor): and Selma am Park are under development in the midst of beautiful washed façades, floor-to-ceiling windows, and wooden shutters. This hu- Thermal power requisition: from 24.6 kWh/m²a, fGEE (total energy efficiency 0.75 factor): Thermal power requisition: 25.9 kWh/m²a, parklands with ancient tree populations in the urban Am Park develop- man habitat is spread over three related buildings in varying dimensions ment project in Vienna’s Twenty-First District. with a total of sixty-five apartments each with one to three bedrooms. The buildings share underground parking facilities and benefit from well THE GREEN OF THE PARKLANDS continues into the residential selected materials and elegant details. Wood is the connecting element area as planted flower troughs in the Poldine project. The Poldine project here. comprises seventy-three owner-occupied apartments at floor areas between 35 and 105 square metres in two connected blocks, one with three EACH APARTMENT has sufficient outdoor space such as a garden, ter- floors and one with eight. race, or balcony; the apartments are designed in a variety of ways to provide the best quality of living for any taste and need. Apart from the many out- FROM STUDIOS to sunlit tower apartments, townhouses with their door areas, residents from the entire complex also have plenty of common own gardens to atrium apartments – every apartment is very special spaces such as a youth and kids club, home cinema, gym, and co-working here. space. The project has been on the market since December 2020. × Correct as at: December 2020, subject to change Correct as at: December 2020, subject to change 75 ERSTER WIENER WOHNUNGSMARKTBERICHT | 2021

→ 102 STATE-OF-THE-ART FIRST-TIME RENTAL APARTMENTS LIVING IN THE HEART → HIGH-QUALITY FITTINGS → BALCONY, TERRACE, LOGGIA, OR GARDEN OF FLORIDSDORF → LARGE GREENED COURTYARD FLORIDO YARDS / 1210 VIENNA, SIEMENSSTRASSE 5, → READY TO MOVE INTO KANTNERGASSE 55 fGEE (total energy efficiency 0.75 factor): Thermal power requisition: from 24.6 kWh/m²a, Thermal power requisition: from 24.6 kWh/m²a, fGEE (total energy efficiency 0.75 factor): Thermal power requisition: 25.9 kWh/m²a, IN THE MIDDLE OF FLORIDSDORF, between Siemensstraße and APART FROM THE QUIET GREENED INNER COURT, the com- Kantnergasse, a new state-of-the-art project was developed using sus- plex also benefits from its proximity to the well-liked local recreation area tainable, low-energy construction. The attractive residential development of Donauinsel. Popular Stammersdorf with its wine taverns at the foothills project comprises three blocks with a total of a hundred and two rental of the Bisamberg is ideal for a day out in the surroundings. Many shops apartments; a spacious green inner courtyard provides access between for daily essentials and the nearby Shopping Center Nord provide a wide the blocks. The studio flats and apartments with up to three bedrooms selection of shopping opportunities. measure between 31 and 87 square metres in area, and each benefits from an outdoor space such as a balcony, terrace, loggia, or garden. Pri- THE NEW WIEN-NORD HOSPITAL is also located in the vicinity for ority was placed on high-quality materials such as oak parquet flooring, excellent medical care. modern fitted kitchens with brand appliances, and elegant bathrooms. The property also has fifty parking spaces in the underground parking THE NEARBY Großjedlersdorf tram station right on the doorstep as facilities inside the building; the parking spaces are available as an option well as the Brünner Straße and Siemensstraße regional railway stations

Correct as at: December 2020, subject to change Correct as at: December 2020, subject to change to residents. are quick and easy to reach, as is the A22 motorway for motorists. × FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 76

CLOSING WORDS

VIENNA IS DIFFERENT

ANYONE WHO KNOWS VIENNA knows that Vienna is different. Aus- ever, it is the property developers’ responsibility to create the type of tria’s capital also stands out in international comparison with its high living space that the city needs and requires, regardless of whether it social standards, well-developed communications infrastructure in con- is a non-profit or private project. Our own four walls have become the tinuous optimisation, and, of course, the above-average quality of living centre of everyday life during the pandemic; intelligent floor plans right that comes with it. from the start play an essential role in creating flexible (living) space, and at affordable prices wherever possible. VIENNA ESPECIALLY EXCELS in its diversity: the unmistakably Viennese flair combines with cult districts, traditional coffee house cul- THIS WILL CONTINUE to make for exciting times for the de- ture with hip street markets, Wilhelminian-style houses with large-scale velopment and real estate industry as construction costs and the urban development programmes, and extension development areas immediate impact they have on housing prices in some cases are with innovative architectural styles. The masterful mix of preservation difficult to predict.

“It is the property developers’ responsibility to create the type of living space that the city needs and requires, regardless of whether it is a non-profit or private project.”

of tradition and openness to new ideas goes hand in hand with the WE AT BUWOG AND EHL IMMOBILIEN aim to take an active role most diverse needs and demands of the residents of Vienna, and that in shaping the market, and ensuring that our activities address the in- includes living standards. dividual needs of those looking for a place to live. We are proud of the opportunity to provide our combined know-how in the First Vienna DESPITE THE GROWING SCARCITY of land available for develop- Residential Market Report offering a glimpse into current and future ment, Vienna still has enormous potential with no end in sight. How- developments for the ninth time. ×

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021 78

GLOSSARY

COMMENTS AND TERMINOLOGY

SINUS-MILIEUS®

SINUS-MILIEUS® are target groups that actually exist; the model from which an individual will develop as a young person and remain groups people according to their attitudes and lifestyles as based on within a stable structure over the coming years without immediate or more than three decades of social research, and includes basic value sudden change. preferences and attitudes of people towards work and recreation, family and partnership, consumption and politics in a holistic approach THE SINUS-MILIEU® MODEL is subject to continuous adjustment in encompassing all factors relevant to daily life. Sinus-Milieus® look response to socio-cultural changes in society as based on trend research into actual living environments by reference to a basic orientation from INTEGRAL-SINUS and research into people’s lifestyles. 79 FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021

APART FROM CONSUMER BEHAVIOUR and lifestyle, fundamen- the pursuit of order and personal responsibility. Modern values (B) in- tal underlying attitudes play a major role in shaping living environments. clude the need for individualisation and self-realisation, amongst other Every Viennese district has its own specific features that appeal to some values. Re-orientation (C) reflects modern society’s distinction between groups more than others. This report draws on those Sinus-Milieus® pragmatism and multiple optionality as well as refocusing and looking specifically prominent for each individual district compared to the Vien- for new syntheses. The Y-axis shows the social situation of each group- na average. These milieu concentrations have been calculated for the ing as distinguished by upper class (1), middle class (2), and lower entire district in question, so deviations in individual parts of the district class (3). A higher position for a certain group on the Y-axis reflects are entirely possible. higher levels of education, income, and professional situation, while positioning towards the right reflects more current socio-cultural basic THE DIAGRAM ON PAGE 78 shows the current group landscape orientation in the respective group. with each group’s position in Austrian society. The X-axis shows basic orientations in each group within society. Traditional values (A) indicate REFER TO www.integral.co.at for more information on Sinus-Milieus®.×

SMALL PRINT comes in large print. Please find below comments and with planning permission prior to 1945) are subject to the full scope of explanations of some terms used in this report. the Austrian Tenancy Act. This means that rents are not subject to normal market forces of supply and demand, but are basically fixed (to what is ALL REFERENCES TO PERSONS in this text are intended to refer known as an “adequate rent” or “guideline rent”). Such rents are not taken to both genders. into account in our report.

ALL PRICES QUOTED FOR THE VARIOUS DISTRICTS OF VIENNA SOURCE DATA refer to square metres of net floor area (i.e. not including loggias, etc.).

EVERY EFFORT has been made to ensure the accuracy of information SALES PRICES are full ownership prices per square metre of net floor in this report. Certain topics are, however, quite complex and subject to area, not including service and maintenance costs. constant change. The housing market in Vienna is extremely dynamic and prices vary greatly from area to area. While certain locations are in RENTS are quoted net, exclusive of taxes and service charges. high demand at the moment, this might change quickly.

IN OUR ANALYSIS OF THE HOUSING MARKET, we relied mainly DEFINITIONS on up-to-date data provided by Statistics Austria, the state statistics office, and information obtained from the City Government of Vienna, unless a THE TERM “FIRST OCCUPANCY” in relation to prices refers to newly different source is named. built apartments, or older buildings after complete refurbishment.

“OTHER” refers to tenancies and sales of second-hand homes. PRICES THE TERM “HOTSPOTS” refers to areas and quarters in the various IN AUSTRIA, older buildings (i.e. non-subsidised buildings constructed districts where there is a particularly high demand for properties from both with planning permission before 1953 and owner-occupied houses built prospective tenants and buyers. × IMPRINT

PUBLISHED BY: EDITORIAL TEAM

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PHOTO CREDITS

Status: February 2021 Photo credits: ZoomVP.at (p. 1), BUWOG / dreizueins (p. 3 und 7), BUWOG / infinityeleven (Cover, p. 15 und 76), BUWOG (U2)

Photo credits for Sinus-Milieus®: Errors exempted. Shutterstock (Artazum, Breadmaker, Photographee.eu), Plainpicture (Conny Fridh), The information and forecasts in this report are given to the best of our knowledge. Fotosearch (Marc Gerritsen), M’CAPS Group FIRST VIENNA RESIDENTIAL MARKET REPORT

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