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Aug 22, 2014

For better yields in Austria look outside Vienna, to Graz


Last Updated: Aug 22 2014
VIENNA - InnereStadt Apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO
BUY
MONTHLY RENT TO BUY MONTHLY RENT
120 sq. m. 1,296,840 2,351 2.18% 10,807 19.59
2050 sq. m. 3,790,750 4,545 1.44% 15,163 18.18
VIENNA - other areas apartment
50 sq. m. 204,500 740 4.34% 4,090 14.79
80 sq. m. 316,880 1,164 4.41% 3,961 14.55
120 sq. m. 545,880 1,768 3.89% 4,549 14.73
200 sq. m. 1,177,000 2,754 2.81% 5,885 13.77
SALBURG - Apartments
60 sq. m. 235,200 884 4.51% 3,920 14.73
85 sq. m. 295,460 1,199 4.87% 3,476 14.10
120 sq. m. 538,320 1,754 3.91% 4,486 14.62
GRAZ - Apartments
45 sq. m. 98,415 549 6.70% 2,187 12.21
75 sq. m. 171,375 796 5.57% 2,285 10.61
120 sq. m. 350,880 1,326 4.53% 2,924 11.05
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 neighbourhoods 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 neighbourhoods in Vienna (this is the third year we have separated out Vienna’s Old Town or Innere Stadt from the other upscale neighbourhoods 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 10,600 to EUR 15,100 per sq. m., whereas in the other areas, apartments cost around only EUR 4,000 to EUR 5,800 per sq. m.  The distance between the two has actually increased over the past year!

Innere Stadt apartments fetch higher rents, ranging from EUR 18 to EUR 20 per sq. m. per month. These have not increased in the past year. 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 1.44% to 2.18%. In Vienna’s other luxurious areas, rental yields range from 2.81% to 4.41%, with smaller apartments earning the highest rental returns, and bigger apartments earning the lowest rental returns.

Salzburg apartments cost around EUR 3,900 to EUR 4,500 per sq. m. Rents on Salzburg apartments are close to Viennese levels, at around from EUR 14.50 per sq. m. per month.

Apartments are most affordable in Graz, where apartments cost, on average, EUR 2,200 to EUR 2,900 per sq. m. In Graz, rents range from EUR 10.50 to EUR 12.50 per sq. m. per month.

Gross rental yields are the highest in Graz, ranging from 4.53% to 6.70%. The smallest apartments return the highest rental yields.






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