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14 Facts About Vienna

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Austrian real estate is not often talked about in the news. Meanwhile, this market is interesting for an investor. Housing prices are rising rapidly in the country, and rental rates in Vienna are at the highest level in Europe. But what is a typical housing in the Austrian capital? Is the demand for rent high? The answers to these and other questions can be found in an extensive report prepared by two major players in the Austrian real estate market EHL and BUWOG. Let's find out.

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.

Housing stock in 2020 Vienna Austria
Housing used as the main place of residence, total 913 000 3 954 000
Including:
  • houses where owners reside
54 000 1 477 000
  • apartments where owners reside
118 000 439 000
Rented real estate, total 702 000 1 663 000
Including:
  • public welfare homes
207 000 276 000
  • cooperative homes
190 000 656 000
  • other types of rentals
305 000 731 000
Other 39 000 375 000

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
Flat for 1 315 euro per month in Vienna, Austria
1 315 € per month
Flat in Vienna, Austria
40 sq.m 1 1 1
A beautiful and fully furnished apartment in an old building near the Vienna State Opera is available for rent. The property is located on the 2nd floor and is particularly impressive because of its quiet inner courtyard. The apartment is perfect for singles or couples. Details: Vestibule, Guest toilet, Bathroom with toilet,...
Crown Consulting

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.

0-19 years old 368 930
20-64 years old 1 226 771
> 65 years 315 490

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
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.

Country of origin Population
Serbia 101 597
Turkey 76 025
Germany 64 182
Poland 55 267
Romania 44 584

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

Type of public transport Number of Passangers Length Number of Lines
Metro 459,8 83,0  5
Tramway 304,8 225,4 28
Bus 196,1  661,9 131
Total 960,7 970,3 164

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

Burgenland 124,0
Lower Austria 115,9
Upper Austria 109,2
Carinthia 107,8
Styria 105,6
Vorarlberg 98,9
Tyrol 97,6
Salzburg 96,9
Vienna 73,7
Austria in total 100,0

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.

Also read: The Rules of Buying Austrian Real Estate
There Are 52 sq.m Per One Local

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.

As happy as before 76%
More satisfied than before 12%
Less satisfied than before 8%
As unhappy as before 3%

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

1951

72 948

1961

79 034

1971

96 209

1981

134 321

1991

153 693

2001

168 167

2011

164 746

2019

180 553

2020

181 160

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.

District Population Income Sale price
per sq. m
Rental rates
per sq. m
Main residence Other Main residence Other
Inner Stadt 16 047 €27 864 €19 800 €13 500 Not enough data Not enough data
Leopoldstadt 105 848 €20 053 €5 600 €4 150 €1 270 €1 050
Landstrasse 91 680 €22 269 €5 750 €4 200 €1 280 €1 100
Wieden 33 212 €24 365 €5 800 €4 300 €1 330 €1 130
Margareten 55 123 €19 699 €5 300 €4 000 €1 200 €1 070
Mariahilf 31 651 €21 937 €5 700 €4 250 €1 320 €1 120
Neubau 31 961 €22 764 €6 150 €4 600 €1 330 €1 120
Josefstadt 25 021 €25 731 Not enough data €4 900 €1 350 €1 160
Alsergrund 41 884 €24 054 €6 250 €4 500 €1 310 €1 140
Favoriten 207 193 €19 752 €4 700 €3 000 €1 130 €960
Simmering 104 434 €19 537 €4 150 €2 700 €1 050 €940
Maidling 97 078 €20 349 €4 550 €3 150 €1 170 €1 030
Hitzing 76 813 €26 741 €6 250 €4 400 €1 310 €1 150
Penzing 93 634 €22 853 €4 900 €3 350 €1 190 €1 060
Rudolfsheim 76 813 €18 343 €4 600 €3 150 €1 170 €1 030
Ottakring 103 117 €20 309 €4 650 €3 100 €1 170 €1 040
Hernals 57 027 €22 420 €4 600 €3 200 €1 150 €1 030
Währing 51 497 €25 480 €6 200 €4 200 €1 280 €1 110
Döbling 73 901 €25 699 €7 000 €4 700 €1 330 €1 120
Brigittenau 86 368 €19 059 €4 400 €3 000 €1 150 €1 040
Floridsdorf 167 968 €21 080 €4 400 €3 000 €1 130 €1 020
Donaustadt 195 230 €21 391 €4 600 €3 050 €1 170 €1 030
Leasing 110 464 €23 373 €4 300 €3 150 €1 080 €1 020

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
Flat for 699 000 euro in Vienna, Austria
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
Flat for 850 000 euro in Vienna, Austria
850 000 €
Flat in Vienna, Austria
53 sq.m 2
Apartment on the regular floor of a newly renovated luxury old house This residential, former business building was built in 1872-73 by the architects Johann Romano and August Schwendenwein, for Graf Dominik Kinsky. At the moment, a general renovation of this historic corner house, built in New Vienna-Renaissance takes place. The façade in a...
Mercury Group
Flat for 3 085 600 euro in Vienna, Austria
3 085 600 €
Flat in Vienna, Austria
140 sq.m 4
Light-flooded new-build attic apartment with generous terraces Living area: 139.71 m2 Room height: up to 3 m Terrace in the DG 2: 98.29 m2 Roof terrace: 36.14 m2 Domestic equipment 3-fold panoramic glazing with integrated shading system High quality materials Low energy house (HWB 23.7 / kWh / m2 a; fGEE 0.72) Cooling and heating via...
Immotrading GmbH
Flat for 1 549 000 euro in Vienna, Austria
1 549 000 €
Flat in Vienna, Austria
108 sq.m 3 2 2
We present to your attention a luxury apartment with an area of 108 sq.m. and one bedroom, located on the 5th floor of The Embassy penthouse. The Embassy residential complex is located in the 3rd district of Vienna - one of the most comfortable and safe areas, surrounded by diplomatic missions, in close proximity to the city center. You can...
Luxury Immobilien GMBH
Apartment for 1 165 000 euro in Vienna, Austria
1 165 000 €
Apartment in Vienna, Austria
54 sq.m 3 2 2
Stunning apartment on the 6th floor of the Werder Six project with 2 bedrooms and a balcony of 4.58 sq. m. Apartment size: 62.8 sq. m. The new elite WerderSix project is located in the center of Vienna, cozy luxury apartments with modern design in a renovated historical building. High-quality finishing with modern materials. For these...
Luxury Immobilien GMBH
Apartment for 1 542 400 euro in Vienna, Austria
1 542 400 €
Apartment in Vienna, Austria
108 sq.m 3 2 2
We present to your attention a luxurious apartment with an area of 108 square meters and two bedrooms , located on the 7th floor of The Ambassy penthouse. The apartment includes: 2 bedrooms, kitchen-living room 40 sq. m., terrace 25 sq. m., 2 bathrooms. The Ambassy residential complex is located in the 3rd district of Vienna - one of the most...
Luxury Immobilien GMBH
House for 3 250 000 euro in Vienna, Austria
3 250 000 €
House in Vienna, Austria
826 sq.m
For sale is an apartment building located in an idyllic green and very quiet location and completed in 2019. On three floors, there are 12 barrier-free residential units with a total living area of around 826 sqm accessed by a lift. Completion and occupancy of apartments in February 2020. The property is located not far from the Seestadt....
Immotrading GmbH
Flat for 750 000 euro in Vienna, Austria
750 000 €
Flat in Vienna, Austria
134 sq.m 4 3 2
Credit
The modern design residential project "White Swan" is located opposite the DC Tower, as well as the UN building, with stunning panoramic views of Vienna and the Danube embankment. This apartment is located on the 23rd floor and has 4 rooms and 2 balconies with stunning views. The apartment will be redecorated (the walls are painted white) The...
Crown Consulting
Penthouse for 6 650 000 euro in Vienna, Austria
6 650 000 €
Penthouse in Vienna, Austria
266 sq.m 4
The palace-type building with a structured facade, an executive entrance and a staircase consists of a basement, a ground floor, four upper floors and an attic with two levels. Layout: 2 hallways, spacious kitchen, 3 bedrooms, 2 bathrooms, 3 toilets, 2 corridors, storage room Finishing and equipment: Barrier-free entry Room height...
Austria Real GmbH
Flat for 4 436 000 euro in Vienna, Austria
4 436 000 €
Flat in Vienna, Austria
262 sq.m 4 3 3
Credit
Historical cultural ensemble in the heart of Vienna! If you have ever dreamed of touching the imperial court, this unique project will realize your wildest fantasies. Completely renovated Renaissance-style building surrounded by Schillerpark, 3 minutes from the Vienna Opera and the Hofburg Imperial Palace. The building on Schillerplatz is...
Crown Consulting
Apartment for 1 390 000 euro in Vienna, Austria
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
Flat for 2 499 000 euro in Vienna, Austria
2 499 000 €
Flat in Vienna, Austria
152 sq.m 4 3 3
For sale a fully renovated apartment in an old style in a neat corner house in the 1st district of Vienna - Textilviertel. This wonderful apartment facing southeast, located on the 3rd floor of the elevator, opens a spacious living/dining area with a magnificent layout of rooms, divided into a private area with 3 bedrooms and 2 bathrooms, one of...
Crown Consulting
Apartment for 1 980 000 euro in Vienna, Austria
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
Villa for 4 500 000 euro in Vienna, Austria
4 500 000 €
Villa in Vienna, Austria
347 sq.m 7 4
Modern lifestyle in the prestigious suburb of Vienna - Klosterneuburg! The villa was completed by its owners in 2020 and was not only planned with great attention to detail, but also the configuration of the rooms was especially carefully planned. The villa immediately impresses with its spaciousness, light and panoramic views of the Danube and...
Crown Consulting
Apartment for 2 850 000 euro in Vienna, Austria
2 850 000 €
Apartment in Vienna, Austria
182 sq.m 3
Luxury apartments are located in the prestigious 9th arrondissement near the historic center of Vienna, in an old renovated building. The apartment includes an entrance hall with a dressing room, a utility room, a master bedroom with a dressing room and a large bathroom, two more bedrooms and one bathroom, an elegant living room with a...
Knight Frank
Apartment for 1 999 000 euro in Vienna, Austria
1 999 000 €
Apartment in Vienna, Austria
94 sq.m 3 2 1
Cozy incomparable apartment with 3 rooms and an area of 93.77 sq. m. in the center of Vienna with panoramic views of the city in a new project. There is a terrace of 59.09 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 design in a renovated historical...
Apartment for 4 245 000 euro in Vienna, Austria
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
Apartment for 2 500 000 euro in Vienna, Austria
2 500 000 €
Apartment in Vienna, Austria
105 sq.m 3
Designer apartments in the very center of Vienna! This luxurious property is located in a Wilhelminian-style house next to the State Opera. The apartment has been redeveloped, equipped and furnished in accordance with the design project. It is located on the 4th floor of the elevator and occupies about 105.38 m2 of living space. Floor...
Austria Real GmbH
Apartment for 3 349 000 euro in Vienna, Austria
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
Apartment for 4 799 000 euro in Vienna, Austria
4 799 000 €
Apartment in Vienna, Austria
147 sq.m 2 1
Online Viewing Remote Transaction Credit
Luxury modern apartment with 2 rooms and an area of 147.31 sq. m. in the center of Vienna with panoramic views of the city in a new project. There is a terrace of 129.36 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...
Luxury Immobilien GMBH

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