POSTED ON OCT 19, 2020

Top 10 Most Promising Vienna Districts

The most promising Vienna districts for foreigners to buy real estate are Innere Stadt, Leopoldstadt, Landstrasse, Dobling, and others. Their economic and tourist appeal.

Top 10 most promising Vienna districts for buying property

Luxury Vienna Newsletter
Subscribe to our email newsletter for useful articles and news

Vienna Districts: Where to Buy Residential Property

Vienna is divided into 23 districts. Expats in the city usually stay in districts 1, 4, 6, 7, 9, 18, and 19, or in the 3rd and 23rd districts with moderate prices. District 1 is the top-tier district, but the 18th and 19th are more preferable since they are located near the international school and the International Atomic Energy Agency with many foreign employees. These two districts are suburban areas and offer homes, not apartments, while the 18th is frequently selected by families.

1st District – Innere Stadt

1st District is the heart of Vienna – it was declared a UNESCO World Heritage Site in 2001.
This is the most popular and desired place in the city among buyers of luxury residential estates, who also show interest in its culture and history.

Vienna is a very compact city: if you're in the center, you can reach its edge within 30 minutes, while moving in any direction.

There are many tourists in Vienna's center, but this is nonetheless a comfortable district, where one can live within several minutes from famous artistic structures, including:

  • Vienna State Opera;
  • The Albertina Museum;
  • The Museum of Art History (Kunsthistorisches Museum).
Also, the 1st District contains a broad shopping street - Kärntner Strasse, which is filled with luxurious stores and restaurants awarded with Michelin stars.

Three-bedroom apartments in the district can cost up to 1,390,000 euros.
1st District of Vienna (Innere Stadt)
1st District of Vienna (Innere Stadt)

2nd District – Leopoldstadt

Leopoldstadt is an area that features the Prater park, the cute Augarten, and many restaurants spread across its territory. This is a large district with a multicultural atmosphere that is located on the Northern part of the Danubian channel. The district is situated near the city's center. The second district has been home for the Jewish population of Vienna for 300 years. Today, the district is appealing for foreigners and students of the nearly located Vienna University of Business and Economics.

New two-bedroom apartments in Leopoldstadt cost 850,000 euros.

An 240 m2 apartment costs about 2,050,000 euros.
2nd District of Vienna (Leopoldstadt)
2nd District of Vienna (Leopoldstadt)

3rd District – Landstrasse

This is the city's diplomatic neighborhood and an appealing residential district located within walking distance from Innere Stadt. Located near the Schwarzenbergplatz square, the neighborhood stands out for its elegant houses, chic hotels, and expensive restaurants.

Also, close to the 3rd Districts, there are:

  • A municipal park;
  • The Belvedere park;
  • The main road junction – Wien-Mitte, the principal railway station of the city that includes the city air terminal, supplying a direct connection with the airport;
  • The large Rochusmarkt market.
Two-bedroom apartments located near the Belvedere garden are going to cost about 690,000 euros. A 53 m2 apartment will cost 210,000 euros, while 1-room apartments cost about 185,000 euros.

6th District – Mariahilf

6th District is located on the north of Mariahilferstrasse – the main shopping street stretched from Innere Stadt to Penzing. Famous international brands have their flagship stores on Mariahilferstrasse. During four holidays right before Christmas, the street becomes a pedestrian zone, which allows it to serve millions of buyers.

The eastern part of the 6th District located near Lastenstrasse is essentially a bohemian neighborhood with elegant apartments and studios. In addition, it is the center of nightlife in Vienna with a broad assortment of luxurious bars and restaurants.

Secondary housing in the Mariahilf district is averagely sold at 3,200 euros per square meter, whereas primary housing averagely costs 4,700 euros per square meter.
6th District of Vienna (Mariahilf)
6th District of Vienna (Mariahilf)

7th District – Neubau

7th District – Neubau – has previously been inhabited by artists and students, since it used to have quite a few affordable rental offers. Today, the district is in very high demand and no longer cheap (although it's not the most expensive of Vienna's districts). Neubau has a lot of things in common with the 6th district (Mariahilf). Just like the 6th district, it borders the Mariahiferstrasse shopping street and has a reputation of a fancy district. It's simple to find a good restaurant here, as well as luxurious bars and vibrant nightclubs. Buying a modern 4-room apartment in Neubau will cost 1,600,000 euros. At the same time, a two-bedroom house with a terrace will cost 700,000 euros.

9th District – Alsergrund

Alsergrund, the 9th District, is often referred to as a university block because this district is the one that houses the famous University of Vienna. The house where Sigmund Freud used to live is still here on Berggasse but has been turned into Freud's museum. Many hospitals and clinics are located across the entire territory of Alsergrund. Students and medical workers make up a significant part of the district's population. In some parts of the district, there are luxurious townhouses similar to those located in the neighboring Josefstadt, the 8th District. Alsergrund borders Gurtel, known as the red-light district.

Other famous attractions of the 9th District include Votivkirche (a neo-gothic church) and the Lichtenstein Castle (a magnificent Baroque-style castle that contains a part of the impressive art collection of Prince Lichtenstein). In the north of Alsergrund, there is the Franz-Josefs-Banhof railway station, which is a large transportation hub for trips to Northern Austria. A 112 m2 apartment in the 9th District costs 375,000 euros.

13th District – Hietzing

This district in the south-west of Vienna, also known as Hietzing, is meant for people, who love the countryside, want to live in the midst of nature and parks, but still want to be close to stores and restaurants in the center of the city. The district contains magnificent historical villas in the Biedermeier, Jugendstil, and modern styles. The houses in the 13th District are a bit cheaper than those in the 19th. A three-bedroom villa in the 13th District costs 3.3 million euros on average. Average prices on elite real estate are about 6,000 euros per square meter. People choose the 13th District due to its proximity to Schloss Schönbrunn – the castle that formerly belonged to the Habsburg family and one of the main showplaces of Vienna. The area also has a lot of cafes, one of the largest zoos in Europe, and royal rosaries.

A 73 m2 on the Hietzing territory costs 250,000 euros, while a 42 m2 apartment costs about 170,000 euros.

18th District – Währing

18th District is a high-priced, first-class residential area that has several green zones, such as Pötzleinsdorfer with English-style landscape design, the Türkenschanzpark park, Schubertpark, and Währingerpark. There are also several traditional wine taverns in Währing.
Cottageviertel – the most expensive residential area in Vienna – is partially located in this district.
Two-room 90 m2 apartments in Währing are sold at about 586,300 euros, three-room 97 m2 apartments can be bought for 706,500 euros, a penthouse with a surface area of 323,600 m2 costs about 4,206,400 euros. One square meter in the Währing area costs from 6,500 to 12,000 euros.

19th District – Döbling

This Vienna district is popular among families, but not just because it has 13 international schools. People that have children as well as those, who prefer living in villas instead of apartments, usually move to the 19th District with the American International School. Döbling area resembles the countryside, even though you can easily get to the center of the city within 20-30 minutes. Large villas are surrounded by greenery and walking routes to neighboring villages and vineyards.
Living in the Grinzing area is the most preferable option – it is a former village known for its wine bars and for its vineyard owners selling local products.
Historical villas in the district averagely cost from 2 to 3 million euros. Buildings with historical peculiarities and luxuries can cost up to 15 and even 20 million euros. An elite residence with a surface area of 95 m2 in a new building costs 1,125,000 euros, whereas a luxury townhouse costs 1,420,000 euros.
19th District – Döbling
19th District – Döbling

23rd District – Liesing

This is a big district that continues to keep some part of its former countryside atmosphere with its old houses, vineyards, gardens, and woodlands to this day. However, modern residential complexes have appeared in the district, as well, along with industrial estates, where all the major international companies, such as Novartis and Philips, are located.

The area also features a lot of Heurigen – traditional Austrian taverns. Among the district's famous showplaces there is Alt-Erlaa Wohnpark – a massive residential complex, one of the biggest in Vienna. Being a typical example of 1960-style city-planning, Alt-Erlaa is a collection of tall modernist buildings that contain over 3,000 apartments, most of which have balconies. The western Liesing, including Mauer, Rodaun, and Kalksburg villages, is an upscale residential area and the wine production center of the 23rd District. Apartments with a surface area of 51 m2 and two bedrooms cost 223,2000 euros. An old villa with a surface area of 250 m2 will cost 1,150,000 euros.

Conclusions

  • The first district of Vienna is one of the UNESCO World Heritage Sites;
  • 13th and 19th Districts are going to be perfect for those, who want to live in the midst of nature, parks, and vineyards;
  • The main shopping street – Mariahilferstrasse – is located close to the 6th and 7th Districts;
  • 9th District of Vienna, also known as Alsergrund, borders the Gurtel road, known as the red-light district, to the west;
  • There are 13 international schools in the 19th District;
  • Primary living in Mariahilf costs 4,700 euros per m2, while in the Währing area prices start at 6,500 euros per m2.
Recent posts:
Subscribe to our newsletter!
You will learn about our latest posts and news
For all enquiries call or WhatsApp