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
Where are the best places to invest in Vienna right now? Is the historic Innere Stadt still the top pick, or are districts like Leopoldstadt, Neubau, and Favoriten gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Vienna and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Meidling is gaining attention for its excellent public transport and affordable housing options
Meidling is catching eyes lately, thanks to its fantastic public transport connections.
Recent upgrades have transformed the railway line between Vienna Meidling and Mödling, making commuting a breeze. With a four-track expansion and new stations popping up, getting around is now quicker and more efficient. Imagine hopping on an S-Bahn train that runs every 5 minutes between Vienna Meidling and Vienna Liesing, and every 10 minutes to Mödling. This kind of frequency makes life so much easier, especially for those who need to travel across the city or even further.
But it's not just about the trains. Meidling is also a smart choice for anyone looking for a home without breaking the bank. Compared to other Vienna districts, housing here is more affordable. You can find apartments priced between €4,000 and €7,000 per square meter, which is quite a deal. This affordability, paired with the excellent transport links, makes Meidling a very appealing place to settle down.
Living in Meidling means you get the best of both worlds: easy access to the city and a place that doesn't empty your wallet. It's no wonder more people are considering making it their home. The district's charm is not just in its convenience but also in its community vibe, which is becoming increasingly attractive to potential buyers.
For those who value time and money, Meidling offers a compelling package. The district's transformation is a testament to how strategic infrastructure improvements can enhance urban living. With such developments, Meidling is not just a place to live; it's a place to thrive.
Sources: ÖBB Infrastruktur, Vigo Immobilien, S-Bahn Wien
2) Penzing is gaining interest for its historic charm and modern amenities, driving steady property value growth
Penzing is a hot spot for property buyers thanks to its mix of historic charm and modern amenities.
In recent years, from 2023 to 2024, property prices in Penzing have climbed, with average purchase prices hitting around €6,050/m² for new homes and €4,150/m² for others. This shows a strong demand for housing in the area.
One of the district's big draws is its excellent transportation system. With the terminal station of the subway line U4 and a station on line U3, getting around is a breeze for residents.
Penzing also boasts a popular shopping and entertainment center, making it even more appealing to potential buyers. This blend of convenience and lifestyle options is a major selling point.
The district's population has been on the rise, growing from 84,871 in 2011 to 98,161 in 2024. This steady increase reflects a strong and consistent demand for housing.
With a population density of 2,890/km², Penzing is more densely populated than many other Vienna districts, highlighting its desirability.
Sources: Engel & Völkers, MKR Real Estate Consulting, Engel & Völkers Austria
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Austria versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) Donaustadt is attracting families and investors with its spacious properties and robust infrastructure growth
Donaustadt is a hot spot for families and investors thanks to its spacious properties and booming infrastructure.
With a population of 220,812 in 2024, Donaustadt is clearly on the rise, drawing in those looking for a vibrant community. Families love the area because 59% of it is covered in green spaces, offering a healthy and sustainable lifestyle.
Major projects like the Seestadt Aspern development are transforming the district with new schools and parks, boosting the quality of life. The improved public transport, especially the U2 subway line, whisks residents to the city center in under 20 minutes, making daily commutes a breeze.
Property values are climbing as more people seek out Donaustadt's spacious homes and competitive prices. The government's investment in infrastructure, particularly the Seestadt Aspern project, is a key factor in this growth.
Sources: Vigo Immobilien, Meeting Vienna, City Population, Housing Agency
4) Floridsdorf is becoming popular for its suburban vibe and rising demand for family homes
Floridsdorf is becoming a hot spot for families looking for a suburban vibe.
One big reason is the steady rise in property prices, which shows more people are interested in the area. In 2022 and 2023, prices ranged from 3,400 to 5,700 € per m², and experts think this trend will keep going because of new developments and more people moving in.
There's also a boom in new family homes being built. Since 2012, many modern and eco-friendly residential complexes have popped up, perfect for families with young kids. Whether you're looking for a private house, townhouse, or apartment, Floridsdorf has something for everyone.
The district's population is growing fast, with a big jump expected by 2043, making it one of Vienna's fastest-growing areas. As of 2024, about 162,000 people called Floridsdorf home, enjoying a mix of city life and green spaces. This growth is backed by a strong demand for family-friendly living, shown by more kids enrolling in local schools.
Floridsdorf offers a unique blend of urban comfort and nature, making it a top choice for families. The district's development is driven by a desire for better living conditions, with more people seeking the balance of city amenities and suburban peace.
With its growing popularity, Floridsdorf is set to become an even more attractive place for families looking to settle down. The ongoing development and rising demand for homes are clear signs of its appeal.
Sources: Wien.gv.at, Sunset Immobilien, Vigo Immobilien
5) Liesing is gaining attention for its peaceful residential vibe and ongoing commercial development
Liesing is becoming a hot spot for those seeking a peaceful residential area with the added bonus of commercial growth.
In recent years, property prices in Liesing have been on the rise, signaling a growing interest in the area. People are drawn to Liesing because it offers a more affordable option compared to other parts of Vienna. This affordability, combined with the district's charm, is making it a popular choice for new residents.
On the commercial side, Liesing is buzzing with activity. A standout project is the City Park Vienna, which showcases the district's potential for business expansion. This development is not just about office space; it features sustainable elements like geothermal energy. Impressively, the first two phases of construction were fully leased by 2024, underscoring the district's appeal to businesses.
Liesing's population is on the upswing, with numbers expected to hit around 121,303 by January 2024. This increase in residents highlights the demand for housing and amenities, making Liesing even more attractive. The district's growth is supported by improved public transportation links, thanks to Wiener Linien, which have made it easier for both residents and businesses to get around.
For those considering a move, Liesing offers a unique blend of tranquility and opportunity. The district's ongoing development and rising population are clear indicators of its growing appeal. With its mix of residential charm and commercial potential, Liesing is a district to watch.
Sources: Vigo Immobilien, Otto Real Estate, Wiener Linien
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6) Ottakring is gaining attention for its trendy vibe and rising rental yields
Ottakring is turning heads with its trendy vibe and rising rental yields.
Back in 2023 and 2024, property prices in Ottakring were climbing, signaling its growing popularity. Investors were particularly drawn to studios, which offered an average return on investment of 4.14% in September 2022, a stark contrast to the city-wide average of 2.89%. This kind of return is a big deal for anyone looking to invest in Vienna's real estate market.
The area is buzzing with new businesses and cafes, creating a lively atmosphere that’s hard to resist. This influx of trendy spots has made Ottakring a magnet for both residents and investors. The media often highlights this vibrant scene, which only adds to its allure. It's not just about the numbers; it's about the lifestyle and energy that Ottakring offers.
Urban development projects have been a game-changer, making Ottakring even more appealing. These projects have upgraded local infrastructure, including public transport and community facilities, enhancing the area's livability. For instance, the reorganization of tram lines in Johann-Nepomuk-Berger-Platz has made the area more accessible, which is a huge plus for everyone.
Investors are also noticing the improved public transport options, which make commuting a breeze. This accessibility is a major draw, as it connects Ottakring seamlessly with the rest of Vienna. The ease of getting around is a key factor for anyone considering a move or investment here.
With all these developments, Ottakring is not just a place to live; it's a place to thrive. The combination of a trendy vibe, solid returns, and improved infrastructure makes it a top choice for savvy investors. Ottakring is where the action is, and it's only getting better.
Sources: Luxury Vienna, Wien.gv.at, EHL Publikationen
7) Brigittenau is gaining attention for its revitalization efforts and potential for property value growth
Brigittenau is quickly becoming one of Vienna's most exciting areas, thanks to rising property prices and revitalization efforts.
Investing in Brigittenau could be a smart move, as property values are on the rise, according to Engel & Völkers Vienna. This is largely due to the area's ongoing revitalization and the growing demand for homes here.
Local infrastructure is getting a major boost with projects like "Zukunftsanker," which focus on sustainable urban restructuring and climate protection. These improvements not only enhance residents' quality of life but also make Brigittenau more appealing to potential buyers.
The area is buzzing with new businesses and cultural venues, especially those with a sustainability focus. This influx of start-ups and companies is attracting younger professionals and families, adding to the neighborhood's vibrancy.
Public transportation links have improved, making Brigittenau even more connected and desirable. This enhanced connectivity is a big draw for those looking to live and work in a lively, accessible area.
With all these developments, Brigittenau is not just a place to live; it's a community on the rise, offering a blend of modern living and investment potential.
Sources: Wien.gv.at, Wien.gv.at, Engel & Völkers Vienna
8) Favoriten is attracting interest with its affordable property prices and high rental demand from students and young professionals
Favoriten is catching eyes for its budget-friendly property prices compared to central Vienna.
While areas near the Hauptbahnhof station have seen a price hike, Favoriten remains a wallet-friendly choice for buyers and renters. The rental market here is buzzing, thanks to a wave of international students and young professionals.
This shift is largely due to educational hubs like the Fachhochschule Campus Wien, which draws a diverse crowd. As a result, rental yields in Favoriten are on the rise, making it a hot spot for investors.
Favoriten's charm doesn't stop at affordability. Its excellent public transport links, including the Hauptbahnhof station, make commuting a breeze. This ease of access, paired with a lively cultural scene, makes Favoriten a hit among young renters looking for an affordable yet vibrant lifestyle.
With its mix of cultures and traditions, Favoriten offers a unique living experience. The district's appeal is further boosted by its modern infrastructure, ensuring residents enjoy both convenience and a rich cultural tapestry.
For those eyeing a property in Vienna, Favoriten stands out as a smart choice with its blend of affordability, connectivity, and cultural vibrancy.
Sources: Vigo Immobilien, Wiener Linien, Glorit
We have made this infographic to give you a quick and clear snapshot of the property market in Austria. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Hernals is gaining interest for its blend of urban and green spaces, driving steady property appreciation
Hernals is turning heads with its perfect mix of city life and nature.
After 2023, more people are seeking places that offer both convenience and tranquility, and Hernals fits the bill. This district is becoming a hot spot for property appreciation, thanks to its blend of historical charm and modern amenities. The First Vienna Residential Market Report 2024 highlights that areas like Hernals are seeing significant growth in property values.
Vienna's dynamic construction activity is fueling the demand for housing in Hernals. The constant renewal and development attract buyers to areas that offer a mix of urban and green spaces. The STEP 2025 Urban Development Plan emphasizes vibrant urban quarters, likely including Hernals, which boosts its appeal even further.
New infrastructure developments in Hernals, as outlined in the STEP 2025 plan, enhance its attractiveness to both residents and investors. These improvements, along with the growth of green spaces, make Hernals a desirable place to live. This contributes to the steady rise in property prices.
Hernals is not just about buildings; it's about lifestyle. The district offers a unique blend of urban convenience and natural beauty, making it a magnet for those looking to invest in property. With its ongoing development and strategic location, Hernals is poised for continued growth.
Sources: EHL Immobilien GmbH, STEP 2025 Urban Development Plan
10) Leopoldstadt is gaining interest for its closeness to the city center and potential for property value growth
Leopoldstadt is gaining popularity thanks to its prime location near the city center.
In just 10-15 minutes, you can be in the heart of the city by metro or car, making it super convenient for both residents and investors. This easy access is a big reason why people are flocking to the area. Plus, the district is seeing a notable rise in property values. As of 2023, the average price per square meter was €7,918. While that's about half of what you'd pay in the Innere Stadt, it still shows there's strong demand for properties here.
This trend of rising prices is expected to continue, thanks to ongoing gentrification and improved transport links. Leopoldstadt's vibrant multicultural atmosphere adds to its charm, attracting expats and families. The area is home to a significant Jewish diaspora, which enriches the cultural tapestry and makes it a lively place to live.
The district's popularity is also boosted by the presence of the Wirtschaftsuniversität Wien, which draws in students and young professionals. These factors combined suggest a high turnover of properties, indicating a dynamic real estate market. If you're considering buying property, this could mean good potential for value appreciation.
Leopoldstadt offers a unique blend of convenience, culture, and opportunity. Its proximity to the city center and the potential for property value appreciation make it an attractive option for buyers. The district's ongoing development and diverse community are key reasons why it's becoming a sought-after location.
Sources: Expatica, Luxury Vienna
11) Währing is gaining attention for its prestigious schools and stable property market
Währing is quickly becoming one of Vienna's most desirable neighborhoods.
The area boasts a strong and stable property market, with prices ranging from EUR 6,300/m² to EUR 22,500/m². This stability is a magnet for both investors and residents, especially those eyeing luxury properties, which have seen notable price hikes.
Families and professionals are particularly drawn to Währing because of its prestigious educational institutions. Schools like the University of Music and Performing Arts Vienna add to the area's allure, even if specific enrollment numbers for 2023 and 2024 aren't available. The reputation of these schools speaks volumes.
Vienna's property market is in high demand, with vacancy rates dropping from 6.6% in 2013 to just 3.6% in 2023. This trend likely extends to Währing, making it even more appealing for potential buyers.
Real estate agencies are taking note, highlighting Währing as a growing market fueled by strong demand and an influx of new residents. The neighborhood's charm and stability are hard to resist.
With its combination of a stable property market and top-notch schools, Währing is becoming a prime choice for families and investors alike.
Sources: Engel & Völkers, 4icu.org, Statista, Engel & Völkers
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.