Authored by the expert who managed and guided the team behind the Austria Property Pack
Yes, the analysis of Vienna's property market is included in our pack
Curious about the future of Vienna's real estate market? You're not alone. As we look ahead to 2025, many are wondering what the average apartment prices in this historic and vibrant city might be.
Will prices continue to rise, or is there a chance they might stabilize? What factors are influencing these trends, and how can you prepare if you're considering a move or investment?
In this article, we'll explore the projected apartment prices in Vienna for 2025 and what they mean for potential buyers and investors.
Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Austria Property Pack
Estimated Average Apartment Prices in Vienna by 2025
The following table provides estimated average apartment prices in Vienna for the year 2025, broken down by area and measured in both square meters (sqm) and square feet (sft). These estimates are based on current trends and market analysis, and are subject to change due to economic factors and market dynamics.
| Area | Price per sqm (€) | Price per sft (€) |
|---|---|---|
| Innere Stadt (1st District) | 12,000 - 15,000 | 1,115 - 1,393 |
| Leopoldstadt (2nd District) | 8,500 - 10,500 | 790 - 975 |
| Landstraße (3rd District) | 9,000 - 11,000 | 836 - 1,022 |
| Favoriten (10th District) | 6,500 - 8,000 | 604 - 743 |
| Hietzing (13th District) | 7,500 - 9,500 | 697 - 883 |
| Währing (18th District) | 8,000 - 10,000 | 743 - 929 |
| Döbling (19th District) | 9,500 - 12,000 | 883 - 1,115 |
| Brigittenau (20th District) | 7,000 - 8,500 | 650 - 790 |
| Floridsdorf (21st District) | 6,000 - 7,500 | 557 - 697 |
| Donaustadt (22nd District) | 6,500 - 8,000 | 604 - 743 |
| Liesing (23rd District) | 6,500 - 8,000 | 604 - 743 |
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What You Need to Know Before Buying an Apartment in Vienna in 2025
What is the average price per square meter for an apartment in Vienna in 2025?
In 2025, the average price per square meter for an apartment in Vienna is estimated to be around €6,500.
This represents a moderate increase from previous years, reflecting the city's growing demand and limited supply.
Prices can vary significantly depending on the district, with central areas commanding higher rates.
How do apartment prices in Vienna compare to other major European cities?
Vienna's apartment prices are generally more affordable than those in cities like Paris and London, but higher than in Eastern European capitals.
In 2025, Vienna's average price per square meter is expected to be €6,500, while Paris and London are projected to exceed €10,000.
This makes Vienna an attractive option for those seeking a balance between cost and quality of life.
What are the most expensive districts in Vienna for buying an apartment?
The Innere Stadt, or the 1st District, remains the most expensive area, with prices often exceeding €10,000 per square meter.
Other high-priced districts include Döbling (19th District) and Währing (18th District), known for their upscale neighborhoods and amenities.
These areas are popular among affluent buyers and expatriates seeking luxury and convenience.
Are there any up-and-coming districts in Vienna where property prices are expected to rise?
Favoriten (10th District) and Simmering (11th District) are considered up-and-coming areas with potential for price appreciation.
These districts are undergoing significant development and infrastructure improvements, attracting new residents and investors.
As a result, property prices in these areas are expected to rise steadily over the next few years.
What factors are driving the increase in apartment prices in Vienna?
Several factors contribute to the rising apartment prices in Vienna, including a growing population and limited housing supply.
Additionally, Vienna's strong economy and high quality of life make it an attractive destination for both domestic and international buyers.
Government policies and urban development projects also play a role in shaping the real estate market dynamics.
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What is the average size of an apartment in Vienna, and how does it affect pricing?
The average size of an apartment in Vienna is approximately 70 square meters, though this can vary widely by district and building type.
Smaller apartments, such as studios and one-bedroom units, tend to have a higher price per square meter compared to larger units.
Buyers should consider their space needs and budget when evaluating different properties.
How does the age of a building impact apartment prices in Vienna?
Older buildings, particularly those with historical significance, often command higher prices due to their architectural charm and central locations.
However, newer constructions may offer modern amenities and energy efficiency, appealing to a different segment of buyers.
Ultimately, the age of a building can significantly influence its market value and buyer interest.
What are the typical additional costs associated with buying an apartment in Vienna?
In addition to the purchase price, buyers should budget for additional costs such as a property transfer tax of 3.5% and registration fees of 1.1%.
Legal fees, notary costs, and real estate agent commissions can also add up to 10% of the purchase price.
These expenses should be factored into the overall budget when planning a property purchase.
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How does the rental yield in Vienna compare to other investment opportunities?
Rental yields in Vienna are generally moderate, averaging around 3% to 4% annually, depending on the location and property type.
While this may be lower than yields in some emerging markets, Vienna offers stability and long-term capital appreciation potential.
Investors should weigh the benefits of steady income against the potential for property value growth.
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What financing options are available for purchasing an apartment in Vienna?
Buyers in Vienna can access a range of financing options, including fixed-rate and variable-rate mortgages from local banks.
Loan-to-value ratios typically range from 60% to 80%, depending on the buyer's financial profile and the property's characteristics.
It's advisable to consult with a financial advisor to determine the best mortgage product for your needs.
Are there any government incentives for buying property in Vienna?
While there are no specific government incentives for buying property in Vienna, certain energy-efficient renovations may qualify for subsidies.
Additionally, first-time buyers may benefit from favorable loan terms or reduced fees in some cases.
Prospective buyers should research available programs and consult with local experts to maximize potential benefits.
What are the long-term prospects for the real estate market in Vienna?
The long-term prospects for Vienna's real estate market remain positive, driven by a strong economy and a high quality of life.
Continued population growth and urban development are expected to sustain demand for housing in the coming years.
Investors can anticipate steady appreciation in property values, making Vienna an attractive market for long-term investment.