Apartment hunting? These Vienna districts are hardly affordable for you

The price ranking is still led by the Inner City, where currently 16,381 euros per square meter are to be paid. However, there was an average decline of 7 percent here. In second place is Wieden (4th district) with a median price of 9,745 euros, an increase of 2 percent. This is followed by Alsergrund (9th district) with 8,687 euros and a significant price increase of 15 percent, Döbling (19th district) with 8,623 euros (minus 2 percent), and Neubau (7th district) with 8,187 euros (minus 3 percent). Mariahilf (6th district) also shows a price increase of 6 percent with 8,213 euros.

Price for 70-Square-Meter Apartment in Eleven Districts Over Half a Million

As further revealed by the survey, the purchase price for a 70-square-meter condominium in eleven districts of Vienna is already on average over 500,000 euros. In addition to the Inner City, where around 1.15 million euros are due, Wieden, Alsergrund, Döbling, Neubau, Mariahilf, Hietzing (13th district), and Währing (18th district) are also among the most expensive locations. But even in parts of Landstraße (3rd district), Leopoldstadt (2nd district), and Josefstadt (8th district), buyers now have to reckon with well over half a million euros. "This development underscores that home ownership in many central districts of Vienna remains an absolute premium commodity," concludes Immoscout24 in a release.

Vienna Districts Mariahilf and Floridsdorf Gain in Attractiveness

According to the data, Mariahilf has gained in attractiveness with an increase in demand of 57 percent, Brigittenau (20th district, plus 47 percent), and the district Landstraße (plus 44 percent). There were also significant increases for apartments in Floridsdorf (21st district, plus 42 percent) and Ottakring (16th district, plus 38 percent), with only Josefstadt generally recording a lower demand with a decline of 5 percent.

(APA/Red)

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