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
Vienna's housing market has stabilized after a notable correction between 2022 and 2024, and prices are now showing small positive growth again.
This blog post covers everything you need to know about current residential property prices in Vienna, and we update it regularly with the latest available data.
Whether you're looking at apartments in the city center or family homes in the outer districts, you'll find concrete price ranges and examples below.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Vienna.
Insights
- Vienna apartments in outer districts like Favoriten cost around 40% less per square meter than similar units in the city center, making location the biggest price driver.
- New-build properties in Vienna carry a premium of about 15% over comparable existing homes, mainly due to better energy efficiency and modern amenities.
- After adjusting for inflation, Vienna housing prices have only grown about 3% over the past decade, meaning most gains were eroded by the 2022-2024 inflation spike.
- The gap between listing prices and final sale prices in Vienna is currently around 6%, giving buyers more negotiation room than during the 2020-2022 boom.
- Vienna's residential market is dominated by apartments, which represent roughly 85% of all transactions, while single-family houses account for just 10%.
- Small apartments under 45 square meters in central Vienna often have the highest price per square meter because buyers pay a premium for central locations regardless of size.
- Buyers in Vienna should budget an extra 9% to 12% on top of the purchase price to cover transfer taxes, registry fees, broker commissions, and legal costs.
- The entry-level market in Vienna starts around 200,000 to 280 euros for a small existing apartment in districts like Favoriten or Floridsdorf.
What is the average housing price in Vienna in 2026?
The median housing price is more useful than the average because it represents the middle of the market and isn't skewed by a few extremely expensive properties that can inflate the average.
We are writing this as of the first half of 2026, using the latest data collected from authoritative Austrian sources including the Oesterreichische Nationalbank (OeNB) and Statistics Austria, which we manually verified.
The median home price in Vienna in 2026 is approximately 470,000 euros (around $550,000 or €470,000), while the average home price is higher at about 580,000 euros (around $680,000 or €580,000). This difference exists because Vienna has a significant number of luxury properties in central districts that push the average upward.
About 80% of residential properties in Vienna in 2026 fall within a price range of 300,000 to 900,000 euros (roughly $350,000 to $1,050,000).
A realistic entry-level price range in Vienna in 2026 is 200,000 to 280,000 euros ($235,000 to $330,000), which typically gets you an existing 35 to 45 square meter apartment in outer districts like Favoriten or Floridsdorf with good public transport access.
Luxury properties in Vienna in 2026 typically range from 1.2 million to 4 million euros ($1.4 million to $4.7 million), and at this level you can expect new-build or fully renovated penthouses of 110 to 160 square meters with terraces in prime districts like Innere Stadt or Döbling.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Vienna.
Are Vienna property listing prices close to the actual sale price in 2026?
In Vienna in 2026, closed sale prices are typically about 6% below the original listing prices on average.
This gap exists mainly because higher interest rates since 2022 have given buyers more negotiating power, and sellers often start with optimistic asking prices before meeting the market. The difference tends to be larger for properties that need renovation or sit in less popular micro-locations, while well-maintained apartments in high-demand central districts often sell closer to the asking price.
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What is the price per sq m or per sq ft for properties in Vienna in 2026?
As of early 2026, the median housing price in Vienna is approximately 7,200 euros per square meter (about $8,400 per sqm or 669 euros per square foot), while the average price is around 7,800 euros per square meter (about $9,100 per sqm or 725 euros per square foot). The average is higher because premium central districts pull the citywide figure upward.
In Vienna in 2026, small renovated apartments under 45 square meters in central and trendy districts like the 1st, 7th, or 9th have the highest price per square meter because scarcity and desirable locations push buyers to pay more per unit of space, while larger older apartments in outer districts like the 10th, 21st, or 22nd have the lowest per-square-meter costs due to more abundant supply and longer commutes.
The highest prices per square meter in Vienna in 2026 are found in Innere Stadt (1st district) and Wieden (4th district), where prices range from 9,000 to over 20,000 euros per square meter. The lowest prices per square meter are in Favoriten (10th), Simmering (11th), and Floridsdorf (21st), where you can find properties for 5,000 to 6,500 euros per square meter.
How have property prices evolved in Vienna?
Compared to one year ago, Vienna housing prices in 2026 have increased by about 2% in nominal terms, though after adjusting for inflation the real change is closer to minus 2%. This modest growth reflects the market stabilizing after the 2022-2024 correction, as higher interest rates and affordability constraints continue to limit price increases.
Looking back ten years, Vienna property prices have risen approximately 44% in nominal terms, but only about 3% after adjusting for inflation. The high-inflation years of 2022-2024 essentially erased most of the real gains from the decade-long boom that preceded them.
By the way, we've written a blog article detailing the latest updates on property price variations in Vienna.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Vienna.
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What types of homes are available in Vienna and how do prices differ in 2026?
Vienna's residential market in 2026 is dominated by apartments at roughly 85% of transactions, followed by single-family and row houses at about 10%, with townhouses, villas, and other formats making up the remaining 5%, mainly because Vienna developed historically as a dense urban center with apartment-style housing.
In Vienna as of the first half of 2026, existing apartments average around 520,000 euros ($610,000), while new-build apartments average about 650,000 euros ($760,000). Small houses in outer districts start around 750,000 euros ($880,000), and detached homes or villas in premium districts like Döbling typically exceed 1.5 million euros ($1.8 million).
If you want to know more, you should read our dedicated analyses:
How do property prices compare between existing and new homes in Vienna in 2026?
In Vienna in 2026, new-build properties carry a premium of approximately 15% compared to similar existing homes.
This premium exists because new construction offers better energy efficiency standards, lower running costs, modern layouts, and turnkey convenience without renovation risks, which buyers are willing to pay extra for.
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How do property prices vary by neighborhood in Vienna in 2026?
Innere Stadt (1st district) is Vienna's historic and prestigious core, where you'll find renovated Altbau apartments and luxury residences. Prices here range from 1 million to 1.5 million euros ($1.17 million to $1.76 million) for a typical property, driven by extreme scarcity and the status associated with living in the city center.
Leopoldstadt (2nd district) is popular with international residents and expats, offering a mix of classic buildings and newer developments near the Prater park. Properties typically range from 420,000 to 625,000 euros ($490,000 to $730,000), reflecting strong demand from those who want central living without the 1st district price tag.
Favoriten (10th district) is one of Vienna's most affordable areas while still offering excellent public transport connections. Properties here range from 285,000 to 425,000 euros ($330,000 to $500,000), making it a popular choice for first-time buyers and those seeking value.
You will find a much more detailed analysis by areas in our property pack about Vienna. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Neighborhood | Character | Avg Price Range (€ / $) | Avg per sqm (€ / $) | Avg per sqft (€ / $) |
|---|---|---|---|---|
| Innere Stadt (1st) | Prestige / Historic | €1.0M - €1.5M / $1.17M - $1.76M | €14,300 - €21,500 / $16,800 - $25,100 | €1,330 - €2,000 / $1,560 - $2,340 |
| Leopoldstadt (2nd) | Expat / Riverside | €420k - €625k / $490k - $730k | €6,000 - €8,900 / $7,000 - $10,400 | €555 - €830 / $650 - $970 |
| Landstraße (3rd) | Commute / Central | €430k - €640k / $500k - $750k | €6,100 - €9,200 / $7,100 - $10,700 | €570 - €855 / $670 - $1,000 |
| Wieden (4th) | Central / Elegant | €580k - €870k / $680k - $1.02M | €8,300 - €12,400 / $9,700 - $14,500 | €775 - €1,160 / $905 - $1,360 |
| Neubau (7th) | Trendy / Culture | €450k - €670k / $525k - $785k | €6,400 - €9,600 / $7,500 - $11,200 | €595 - €895 / $700 - $1,045 |
| Alsergrund (9th) | Academic / Central | €520k - €780k / $605k - $910k | €7,400 - €11,000 / $8,600 - $12,900 | €685 - €1,030 / $800 - $1,200 |
| Favoriten (10th) | Value / Connected | €285k - €425k / $330k - $500k | €4,000 - €6,100 / $4,700 - $7,100 | €375 - €565 / $440 - $660 |
| Hietzing (13th) | Family / Green | €510k - €765k / $595k - $895k | €7,300 - €10,800 / $8,500 - $12,600 | €675 - €1,010 / $790 - $1,180 |
| Währing (18th) | Family / Residential | €440k - €660k / $515k - $770k | €6,300 - €9,400 / $7,400 - $11,000 | €585 - €875 / $685 - $1,025 |
| Döbling (19th) | Luxury / Villas | €470k - €705k / $550k - $825k | €6,700 - €10,100 / $7,900 - $11,800 | €625 - €940 / $730 - $1,100 |
| Floridsdorf (21st) | Value / Suburban | €325k - €490k / $380k - $570k | €4,700 - €7,000 / $5,500 - $8,200 | €430 - €650 / $505 - $760 |
| Donaustadt (22nd) | New-build / Danube | €355k - €535k / $415k - $625k | €5,100 - €7,800 / $6,000 - $9,100 | €475 - €710 / $555 - $835 |
How much more do you pay for properties in Vienna when you include renovation work, taxes, and fees?
In Vienna in 2026, buyers should budget an additional 9% to 12% on top of the purchase price to cover all taxes, fees, and transaction costs.
If you buy a property around $200,000 (approximately 170,000 euros) in Vienna, you would pay roughly 6,000 euros in property transfer tax, 1,870 euros in land registry fees, and around 6,000 euros in broker commission plus 2,500 to 5,000 euros in legal costs, bringing your total to approximately 188,000 euros ($220,000).
For a property around $500,000 (approximately 430,000 euros), the additional costs would include about 15,000 euros in transfer tax, 4,700 euros in registry fees, around 15,500 euros in broker commission, and 6,400 to 13,000 euros in legal costs, bringing the total to approximately 475,000 euros ($555,000).
For a property around $1,000,000 (approximately 855,000 euros), you would add about 30,000 euros in transfer tax, 9,400 euros in registry fees, around 31,000 euros in broker commission, and 12,800 to 25,500 euros in legal costs, bringing the total to approximately 945,000 euros ($1,105,000).
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Vienna.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Vienna
| Expense | Type | Estimated Cost (€ / $) |
|---|---|---|
| Property Transfer Tax | Tax (mandatory) | 3.5% of purchase price. This is a standard tax collected by the Austrian government on all real estate transactions. For a 500,000 euro property, this amounts to 17,500 euros ($20,500). |
| Land Registry Fee | Fee (mandatory) | 1.1% of purchase price. This fee is paid to register your ownership in the official land registry. Some exemptions may apply in specific cases, so verify eligibility with your notary. |
| Mortgage Registration Fee | Fee (conditional) | 1.2% of mortgage value plus a small fixed administrative fee. This only applies if you are financing your purchase with a mortgage. Some policy exemptions have been discussed for certain buyer categories. |
| Broker Commission | Fee (common) | Up to 3% plus 20% VAT (effectively 3.6%) of purchase price. This is capped by law and typically split between buyer and seller, but buyers often pay their share in full. For a 500,000 euro property, this would be up to 18,000 euros ($21,000). |
| Legal and Notary Costs | Fee (common) | Approximately 1% to 3% of purchase price. This covers contract drafting, escrow handling, and notarization. Costs vary based on transaction complexity and the professionals involved. |
| Renovation | Optional | Highly variable depending on scope. Budget anywhere from 500 to 2,000 euros per square meter for significant renovations. New-build purchases typically require no immediate renovation. |
We made this infographic to show you how property prices in Austria compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Vienna in 2026 with different budgets?
With $100,000 (approximately 85,000 euros), there is almost no standard apartment market in Vienna at this price level; your options would typically be limited to a parking space or garage in an outer district, or possibly an extremely small unit requiring extensive renovation.
With $200,000 (approximately 170,000 euros), you could purchase an existing 25 to 30 square meter studio in Simmering (11th district) in basic condition, an existing 25 to 30 square meter studio in Favoriten (10th district) near a U-Bahn station, or an existing 30 to 35 square meter micro-apartment in Floridsdorf (21st district) in an older building.
With $300,000 (approximately 255,000 euros), you could buy an existing 35 to 40 square meter one-bedroom apartment in Favoriten (10th district) with good transit access, an existing 40 to 45 square meter two-room apartment in Donaustadt (22nd district) in older stock, or an existing 35 to 45 square meter two-room apartment in Brigittenau (20th district) with basic finishes.
With $500,000 (approximately 425,000 euros), you could purchase an existing 55 to 65 square meter two to three room apartment in Landstraße (3rd district) in solid condition, an existing 55 to 65 square meter apartment in Leopoldstadt (2nd district) in a non-prime micro-location, or an existing 70 to 80 square meter family apartment in Floridsdorf (21st district) offering good value.
With $1,000,000 (approximately 855,000 euros), you could buy a renovated 85 to 100 square meter Altbau apartment in Alsergrund (9th district) with high ceilings, an existing 90 to 110 square meter family apartment in Neubau (7th district) in a high-demand area, or a new-build 85 to 95 square meter apartment with balcony in Leopoldstadt (2nd district) in a modern building.
With $2,000,000 (approximately 1.7 million euros), you could purchase a 120 to 150 square meter penthouse with terrace in Döbling (19th district) with premium views, a 110 to 140 square meter luxury apartment in Innere Stadt (1st district) at a prime address, or a 140 to 180 square meter high-end top-floor apartment in Wieden (4th district) that is fully renovated.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Vienna.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Vienna, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Oesterreichische Nationalbank (OeNB) | Austria's central bank publishing an official, method-documented residential property price index. | We used it to anchor Vienna's one-year and ten-year price changes using the Vienna RPPI series. We also used its new versus used breakdown to verify the new-build premium. |
| Austrian Institute of Economic Research (WIFO) | Austria's leading public economic research institute that republishes central bank data in accessible formats. | We used it to double-check the latest Vienna RPPI index values and recent annual percentage changes. We used those figures to explain what changed and why over the past year. |
| Statistics Austria | Austria's national statistics office publishing the standard official House Price Index metric. | We used it as a second official cross-check confirming Austria's residential prices were rising mildly in 2025. We used it to ensure our January 2026 estimates were realistic. |
| immopreise.at | A large Austrian housing market index publisher with district-level detail and transparent offer-price orientation. | We used it to estimate typical euros per square meter by district and build the 12-neighborhood price table. We applied time adjustments and negotiation discounts to approximate closing prices. |
| Vienna Immobilienpreisspiegel (WKO) | Published by the Austrian Economic Chamber's real estate association, widely used as a standardized market reference. | We used it to cross-check new versus used pricing and verify typical market levels against listing-based benchmarks. We used its structure to describe type-by-type pricing. |
| ECB Data Portal | The European Central Bank's official, auditable foreign exchange reference dataset. | We used it to convert euro prices into US dollars using late-2025 reference levels. We kept conversions consistent throughout the entire article. |
| Austrian Ministry of Finance (BMF) | The tax authority stating the statutory property transfer tax rate. | We used it to quantify the 3.5% transfer tax for typical purchases. We included it in the all-in cost table so readers understand the full budget. |
| oesterreich.gv.at | Austria's official government information portal explaining standard fees and rules for property transactions. | We used it to quantify the 1.1% land registry fee and the 1.2% mortgage registration fee. We used this information to build the additional costs section. |
| Arbeiterkammer | A major, trusted consumer protection institution in Austria with reliable information on real estate practices. | We used it to quantify the typical broker commission ceiling of 3% plus 20% VAT. We included it as a key line item in the extra cost examples. |
| Bank for International Settlements (BIS) | A top-tier international organization publishing harmonized property price datasets with documentation. | We used it to justify why listed versus final prices differ, since underlying data pools mix offer and final prices. We used this as input into our negotiation gap estimate. |
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