14 Facts About Vienna

Locals Live in Rental Apartments

According to the report, there are approximately 913,000 units of occupied housing in Vienna. About 77% of them, or 702,000 are rented out. More than half of the rental housing 397,000 is owned by the city or non-profit housing associations.

The proportion of people living in their own apartments in Vienna and throughout Austria is about the same; it is small compared to other forms of living. At the same time, single-family homes still prevail in Austria as a whole, but there are very few of them in Vienna.

There is a well-formed rental market in Vienna, where any investor has a good chance to hand over the object. At the same time, rental rates in Vienna are called the highest in Central Europe.

Real estate for rent in Vienna

5 415 € per month

Flat in Vienna, Austria

153 sq.m 4

The wonderful spacious 4-room apartment with high-quality interior is located on the 1st floor of a beautiful old building and offers a cozy living atmosphere on 153 m². General information: - Living space 153 m2, - 4-room apartment, 1 bathroom, 1 guest WC Heating: Gas heating, Flooring: parquet, marble, tiles Equipment: - fully...

Immotrading GmbH

Every Fifth Austrian Lives in Vienna

The population of Austria as of January 1, 2020 was 8,9 million. 1.9 million people lived in Vienna. It is expected that the population of the capital will overcome the mark of 2 million in 2028. By 2070, the number of inhabitants may reach 2,24 million.

The growing population of the Austrian capital means that housing will continue to be in demand in the future.

The Average Age of a Resident of Vienna is 41 Years

Distribution of Viennese by age as of January 1, 2020.

According to forecasts, the population of the capital will age. By 2070, 23.9% of the city's residents will be over 64 years old, compared to 16.5% now. At the same time, the share of Viennese under the age of 20 will decrease from 19.3% to 19.2%.

A typical tenant of housing today is a middle-aged working person, and in a couple of decades it will most likely be a pensioner.

Almost Half of Locals Live Alone

By the beginning of 2020, there were 930,979 private households in Vienna, of which 508,603 consisted of several people, and 422,376 consisted of just one. The average household size is 2.04 people.

It is expected that by 2080 the number of households in the capital will grow by 23%, to 1.145 million. At the same time, the number of families consisting of one person will grow at a faster pace. The average family size will decrease to 2.02.

When choosing the size of an apartment that will be rented out, it is useful to focus on small families or single people.

The Population Density in Vienna is Not High

The average population density in the Austrian capital is 46.07 people per hectare. For comparison: in Paris – more than 200 people per hectare, in Moscow – 49 people per hectare.

The maximum density is in the Margareten area: 274 people per hectare. This is a popular place to live and relax. The incomes of local residents are relatively small, but housing prices are quite high, which makes people condense.

The minimum density is in the Hitzing district: 14.3 people per hectare. The Leinzer Tiergarten Nature Reserve and the Schoenbrunn Palace with its surrounding park are located in this area.

Thus, both the most densely populated and the lowest density areas are of interest to the investor.

Vienna, Austria

A Third of Population is Foreign

At the beginning of 2021, 31.5% of people living in Vienna (805,000 people) were foreigners.

Vienna attracts foreign citizens from prosperous countries. Migration provides the main part of the population growth of the capital. According to the results of a recent study, Vienna was included in the top ten cities in the world in terms of quality of life. This means that people will strive to move to the Austrian capital, and local apartments have all the prospects for further price increases.

Green Zones Occupy Half of the City's Area

Freen areas are unevenly distributed. In the Josefstadt district (the very center of the city) greenery occupies only 1.9% of the area. The greenest area is Hitzing (70.6% of the area). This is a prestigious place, despite the distance from the center.

The network of bike paths in Vienna has a length of 1,431 km and covers most of the city. For comparison, the total length of the streets is only twice as long – 2,786 km. It is natural for Viennese to live in green areas and use a bicycle as a means of transportation.

Despite the fact that the central areas of the city devoid of greenery, they are traditionally considered the best and most expensive ones. Locals appreciated the proximity of green spaces even before the pandemic began. With the onset of the lockdown period, the popularity of such locations in Vienna has grown.

The Most Popular Public Transport in Vienna is Metro

Locals actively use public transport. The distance to the nearest metro station significantly affects the price of real estate, but even the proximity of a tram or bus stop is considered a noticeable plus.

The Average Size of Housing in Vienna is Less Than in Austria

The average area of housing by a federal land, sq.m

It is not surprising, if we remember that the Viennese live mainly in apartments, and the rest of the Austrians live in their own houses.

The largest living space per resident is in the Josefstadt district – 78 sq. m. This is one of the most expensive and smallest areas of the city.

The least living space per resident in the districts of Leopoldstadt and Brigittenau is 39 sq. m. Both of them are cheap.

The Viennese Were Not Disappointed in Their Homes During the Pandemic

According to the results of a survey conducted in April 2020 by the Raiffeisen Immobilien Vermittlung agency, the majority of Vienna residents did not show dissatisfaction with housing conditions.

Predictably, the owners of large apartments (more than 120 sq.m) were the most satisfied, and those with housing less than 60 sq.m were the most dissatisfied.

With such sentiments, you should not expect that the residents of the Austrian capital will leave the city, as is the case in many countries.

2.5 Times More Houses Have Been Built in Vienna Over the Past 70 Years

Most of the houses in Vienna were built several decades ago. Historical buildings make up a small part of the housing stock, but there are also few new buildings.

The Most Expensive Area is the Innere Stadt

In the very center of Vienna, in the Inner Stadt district, prices are higher than in the rest of the capital. The price per sq.m here is €19,800. The next most expensive one is another prestigious area of Vienna, Debling. The average rate there is at the level of €7,000. The cheapest area is Simmering, where a sq.m costs €4,150.

The richest Viennese live in the Inner Stadt. Their average income is €27,864. The residents of Rudolfsheim earn at least €18,343.

Real Estate Prices Are Constantly Growing

Real estate in Vienna, as well as throughout Austria, has been increasing in price for a decade. The pandemic seems to accelerate this process. Double-digit price increases were recorded last year in some areas. New buildings in Austria are now considered the most expensive in Europe.

A steady upward trend in prices means that the investor is likely to get a good profit when reselling.

Apartments and villas you can buy in Vienna

699 000 €

Flat in Vienna, Austria

111 sq.m

Beautiful apartment for sale in Vienna Location: The house was built in 1884 and is located in one of the most culturally attractive areas of Vienna. Josefstadt is distinguished by the classical Viennese architectural style. Other advantages of the area include excellent transport links, the presence of a large number of restaurants, cafes...

WESTINVEST

1 115 000 €

Apartment in Vienna, Austria

62 sq.m 2 1 1

New apartment of 62 sq.m. on the 5th floor of the WerderSix project - in the center of Vienna. Modern design in a renovated historic building. High-quality finishing with modern materials. Ceiling height up to 3.70 m. The new elite Werder Six project is a cozy luxury apartment with a modern design in a renovated historical building. The...

Luxury Immobilien GMBH

15 900 000 €

Apartment in Vienna, Austria

368 sq.m 5 4 4

We present to your attention a luxury and very spacious apartment with 5 rooms and an area of 367.51 sq. m. in the center of the Austrian capital in the new Herzfeldhaus project. There are 2 terraces with a total area of 244 sq.m. These apartments are located on the 6th floor (after the ground floor). The Stadtpark is a few minutes away, and...

Luxury Immobilien GMBH

9 952 000 €

Apartment in Vienna, Austria

512 sq.m 10 5 5

Spacious apartment with an area of 512 sq.m. and 5 bedrooms belong to the Börseplatz 1 project. The competent layout of the apartment perfectly harmonizes with the ceiling height reaching 4 meters. The apartment is decorated in the style of "modern classics". The endless elegance and modernity of the forms will not leave you indifferent. The...

Luxury Immobilien GMBH

1 400 000 €

Flat in Vienna, Austria

132 sq.m 4 3 2

Luxury four-bedroom apartment with 3 bedrooms in the heart of historic Vienna in an old building built by architect Josef Janl in 1881. If you want not only to eat and sleep, then this apartment is for you! Here you will feel at the turn of the century. An elegant apartment of 132 sq. m. is located on the 3rd floor of a five-storey building on...

Luxury Immobilien GMBH

1 390 000 €

Apartment in Vienna, Austria

86 sq.m 4 4

Luxurious 4 bedroom apartment located in the 19th district of Vienna (Döbling), on Bellevuestraße, between the vineyards and the Wienerwald. The design of this exclusive villa was created to achieve both tremendous open space and the sense of size and altitude. Key features: Total area: 85,86 m2 Garden: 240 m2 Heated...

Luxury Immobilien GMBH

1 980 000 €

Apartment in Vienna, Austria

124 sq.m 4 3 2

Amazing 3 BR apartment in Villa B in BELLEVUE 74. Apartment is located in Döbling, one of the most presigious districts in Vienna. This wonderful apartment includes: 3 bedrooms, bathroom and toilet, kitchen with dining and living room, balcony (17.25 sq.m.). Built-up area is 123.75 sq.m. Equipment Details (Extraction): -...

Luxury Immobilien GMBH

3 990 000 €

Apartment in Vienna, Austria

211 sq.m 4

New apartments with an area of 211.4 sq.m with 4 bedrooms, located on the 6th floor, in the new elite project Am Werdertor. This project is located in the center of Vienna, it has a high-quality finish in a modern style: high ceilings, classic herringbone parquet laying technology, high-quality plastering of walls, first-class equipped bathrooms...

Luxury Immobilien GMBH

1 349 000 €

Apartment in Vienna, Austria

75 sq.m 2 1 1

Apartment with 1 bedroom, finished and an area of 75.44 sq. m. in the center of Vienna with panoramic views of the city in a new project. Balcony: 4.82 sq. m. The new elite Werder Six project is located in the center of Vienna, cozy luxury apartments with modern design in a renovated historical building. The apartments with high-quality finishes...

Luxury Immobilien GMBH

4 245 000 €

Apartment in Vienna, Austria

152 sq.m 3 2 1

Luxury modern apartment with 3 rooms and an area of 152.34 sq. m. in the center of Vienna with panoramic views of the city in a new project. There is a terrace of 72.37 sq. m., an additional terrace of 13.03 sq. m., a balcony of 10.36 sq. m. The new elite Werder Six project is located in the center of Vienna, cozy luxury apartments with modern...

Luxury Immobilien GMBH

745 000 €

Flat in Vienna, Austria

67 sq.m 2 1

Apartments in a residential complex on the banks of the Danube, with direct access to the water. 19th district. The total area of the complex is 16,000 sq.m, with green spaces and Parking Concierge service 2-5 room apartments with spacious terraces and loggias Fitness room, bio sauna, event room Option: apartment of 47.5 sq.m, 2...

Alisa Estejt

3 349 000 €

Apartment in Vienna, Austria

133 sq.m 2 1 2

Online Viewing Remote Transaction

Incomparable 2-bedroom apartment with an area of 133.39 sq. m. in the center of Vienna with panoramic views of the city in a new project. The new elite Werder Six project is located in the center of Vienna, cozy luxury apartments with modern design in a renovated historical building. The apartments with high-quality finishes and modern materials...

Luxury Immobilien GMBH

169 000 €

Apartment in Vienna, Austria

26 sq.m 1

Apartment in the 5th district of Vienna The apartment is newly renovated. Area: 26m2

Alisa Estejt

171 000 €

Flat in Vienna, Austria

30 sq.m 2

Investment property: Vacant apartment near the main train station Perfect room layout, lots of space on 30 m2! Charming 2 room small apartment on the ground floor of a stylish old building, in a quiet side street near the main station. Perfectly suitable e.g. for renting out as a holiday apartment or for AirBnb (commercial use)....

Immotrading GmbH

4 950 000 €

Flat in Vienna, Austria

524 sq.m

Commercial space of 524 sq. m. in the elite AmWerdertor project. The gallery is 228 sq.m. Office 124 sq. m. The project is located in the center of Vienna The first district of Vienna, where the apartment is located, is not only a highly cultured historical center, but also a comfortable place to live with a developed infrastructure,...

Luxury Immobilien GMBH

6 200 000 €

Apartment in Vienna, Austria

214 sq.m 4

General information about the project Skyview Penthouses Number of units: 6 Location: 6th and 7th floor Ceiling height: up to 5.6 m Imperial Lofts Number of units: 6 Location: 4th and 5th floor Ceiling height: up to 7.5 m Luxury Apartments Number of units: 27 Location: 1st, 2nd and 3rd floor Ceiling height: up to 4 m Offices...

Immotrading GmbH

560 000 €

Flat in Vienna, Austria

73 sq.m 2

2-room apartment with balcony, basement compartment and 1 parking space in the underground garage is for sale. Usable area: 75 sqm incl. balcony and cellar compartment, located on 4th floor. The apartment is rented for 4 years. The new owner can extend the contract or terminate it with a 3 month notice. Monthly rent: 1058 euro (excl....

Immotrading GmbH

1 500 000 €

Flat in Vienna, Austria

66 sq.m 2

We are happy to offer you a wonderful apartment in best location in the first district for sale! Basic facts: Living area: 66 m2 2 rooms Kitchen and built-in furniture Bathroom with toilet, bath and shower Guest toilet Underfloor heating Ceiling height 3.30 m Location: This property is located in the center of Vienna, in the...

Immotrading GmbH

495 000 €

Flat in Vienna, Austria

60 sq.m 2

The condominium is located in the quiet courtyard of Hohlweggasse on the 1st floor. Pharmacy, tobacco shop, supermarkets and restaurants are in the immediate vicinity. The house has a modern elevator. The 2-room apartment offers underfloor heating, a separate toilet and a high-quality fitted kitchen.

Immotrading GmbH

1 399 000 €

Flat in Vienna, Austria

108 sq.m 3

Exclusive penthouse with terrace on Rochusmarkt GENERAL INFORMATION: - Living space: approx. 108 m² - Floor: upper floor - Living room with kitchen - 2 bedrooms - Number of bathrooms: 2 - Open fireplace - Terrace 28 m² - Private sauna - Private laundry room - Elevator directly to the apartment - Garage: 2 garage...

Immotrading GmbH

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