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Aug 25, 2012

For better yields in Austria look outside Vienna, to Graz

			Last Updated: Aug 25, 2012
VIENNA - InnereStadt Apartments	COST (€)		YIELD (p.a.)	PRICE/SQ.M. (€)
VIENNA - InnereStadt Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
100 sq. m.	824,100	1,895	2.76%	8,241	18.95
200 sq. m.	2,588,800	4,162	1.93%	12,944	20.81
VIENNA - other areas apartment
50 sq. m.	205,250	729	4.26%	4,105	14.57
85 sq. m.	362,950	1,204	3.98%	4,270	14.16
120 sq. m.	548,040	1,741	3.81%	4,567	14.51
175 sq. m.	841,400	2,485	3.54%	4,808	14.20
350 sq. m.	1,845,900	5,065	3.29%	5,274	14.47
SALBURG - Apartments
60 sq. m.	219,420	836	4.57%	3,657	13.94
120 sq. m.	538,080	1,566	3.49%	4,484	13.05
225 sq. m.	1,439,775	2,970	2.48%	6,399	13.20
GRAZ - Apartments
40 sq. m.	92,320	488	6.34%	2,308	12.19
75 sq. m.	158,775	812	6.13%	2,117	10.82
120 sq. m.	311,880	1,261	4.85%	2,599	10.51
Vienna: Innere Stadt, Währing, Döbling, Margareten, Josefstadt, Heitzing, Mariahilf Salzburg: Salzburg (Stadt) Graz: Graz (Stadt) Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Properties in Vienna’s Innere Stadt are much more expensive than properties in the other wealthy neighborhoods of Vienna. In our latest survey, average prices per square metre (sq. m.) of apartments in Innere Stadt were two to three times the average prices per sq. m. in the other upscale neighborhoods in Vienna (this is the first year we have separated out Vienna’s Old Town or Innere Stadt from the other upscale neighborhoods in Vienna, such as Döbling, Heitzing, Josefstadt, Margareten, Mariahilf, and Währing).

Innere Stadt is Vienna’s least populated district, with roughly 17,000 inhabitants. But with a workforce of around 100,000, it is Vienna’s largest employment locale.

Apartments in Innere Stadt change hands at around EUR 8,000 to EUR 13,000 per sq. m., whereas in the other areas, apartments cost around only EUR 4,000 to EUR 5,000 per sq. m.

Innere Stadt apartments fetch for higher rents, ranging from EUR 19 to EUR 21 per sq. m. per month. In the other upscale districts of Vienna, rents range from EUR 14 to EUR 15 per sq. m. per month. Vienna’s Innere Stadt therefore has the poorest rental yield, at around only 2.34%. In Vienna’s other luxurious areas, rental yields range from 3.29% to 4.26%, with smaller apartments earning the highest rental returns, and bigger apartments earning the lowest rental returns.

Salzburg apartments cost around EUR 4,000 to EUR 6,000 per sq. m. Rents on Salzburg apartments are close to Viennese levels, ranging from EUR 13 to EUR 14 per sq. m. per month.

Apartments are most affordable in Graz, where apartments cost, on average, EUR 2,000 to EUR 3,000 per sq. m. In Graz, rents range from EUR 11 to EUR 12 per sq. m. per month.

Gross rental yields are the highest in Graz, ranging from 4.85% to 6.34%. Smaller apartments return higher rental yields than bigger apartments. For example, a 40 sq. m. apartment returns a 6.34% rental yield, while a 120 sq. m. apartment returns only a 4.85% rental yield.

The same trend is observed in Salzburg, where a 60 sq. m. apartment returns 4.57% rental yield, while a 225 sq. m. apartment returns only 2.48% rental yield.

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