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Sep 28, 2017

Prices have risen significantly in Vienna, and yields are moderate


Last Updated: Sept. 28 2017
VIENNA - Innere Stadt (1st district) apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO
BUY
MONTHLY RENT TO BUY MONTHLY RENT
<50 sq. m. 545,000 1,060 2.33% 10,900 21.19
65 sq. m. 764,595 1,278 2.01% 11,763 19.66
105 sq. m. 1,213,695 1,986 1.86% 11,559 18.91
>130 sq. m. 1,643,720 2,356 1.72% 12,644 19.63
VIENNA - Leopoldstadt (2nd district) apartments
<50 sq. m. 226,100 937 4.97% 4,522 18.74
65 sq. m. 291,005 987 4.07% 4,477 15.19
105 sq. m. 504,630 1,557 3.70% 4,806 14.83
>130 sq. m. 649,200 1,895 3.50% 5,410 15.79
VIENNA - Landstraße (3rd district) apartments
<50 sq. m. 247,550 971 4.71% 4,951 19.42
65 sq. m. 312,455 1,099 4.22% 4,807 16.90
105 sq. m. 585,375 1,611 3.30% 5,575 15.34
>130 sq. m. 924,950 1,818 2.36% 7,115 15.15
VIENNA - Wieden (4th district) apartments
<50 sq. m. 359.650 841 2.80% 7,193 16.81
65 sq. m. 402,805 976 2.91% 6,197 15.02
105 sq. m. 695,415 1,591 2.74% 6,623 15.15
>130 sq. m. 1,067,760 1,926 2.16% 8,898 16.05
VIENNA - Margareten (5th district) apartments
<50 sq. m. 230,600 938 4.88% 4,612 18.75
65 sq. m. 314,340 968 3.69% 4,836 14.89
105 sq. m. 552,195 1,482 3.22% 5,259 14.11
>130 sq. m. 655,070 1,861 3.41% 5,039 15.51
VIENNA - Mariahilf (6th district) apartments
<50 sq. m. 265,350 1,030 4.66% 5,307 20.59
65 sq. m. 380,965 1,078 3.39% 5,861 16.58
105 sq. m. 606,690 1,666 3.30% 5,778 15.87
>130 sq. m. 718,080 1,678 2.80% 5,984 13.98
VIENNA - Neubau (7th district) apartments
<50 sq. m. 319,650 824 3.09% 6,393 16.47
65 sq. m. 412,165 989 2.88% 6,341 15.22
105 sq. m. 616,980 1,589 3.09% 5,876 15.13
>130 sq. m. 760,370 1,814 2.86% 5,849 15.12
VIENNA - Josefstadt (8th district) apartments
<50 sq. m. 343,750 831 2.90% 6,875 16.62
65 sq. m. 432,380 857 2.66% 6,652 14.72
105 sq. m. 783,615 1,588 2.43% 7,463 15.12
>130 sq. m. 1,029,480 1,819 2.12% 8,579 15.16
VIENNA - Alsergrund (9th district) apartments
<50 sq. m. 234,500 970 4.96% 4,690 19.39
65 sq. m. 345,995 897 3.11% 5,323 13.80
105 sq. m. 589,680 1,500 3.05% 5,616 14.29
>130 sq. m. 1,031,940 1,757 2.04% 7,938 14.64
VIENNA - Favoriten (10th district) apartments
<50 sq. m. 198,400 808 4.89% 3,968 16.16
65 sq. m. 250,575 879 4.21% 3,855 13.52
105 sq. m. 401,205 1,290 3.86% 3,821 12.29
>130 sq. m. 510,120 1,837 4.32% 4,251 15.31
VIENNA - Simmering (11th district) apartments
<50 sq. m. 220,850 718 3.90% 4,417 14.36
65 sq. m. 249,210 837 4.03% 3,834 12.88
105 sq. m. 388,920 1,236 3.81% 3,704 11.77
>130 sq. m. 456,560 n.a. n.a. 3,512 n.a.
VIENNA - Meidling (12th district) apartments
<50 sq. m. 214,000 773 4.33% 4,280 15.45
65 sq. m. 282,620 917 3.89% 4,348 14.10
105 sq. m. 492,870 1,453 3.54% 4,694 13.84
VIENNA - Hietzing (13th district) apartments
<50 sq. m. 263,500 802 3.65% 5,270 16.03
65 sq. m. 302,705 1,015 4.02% 4,657 15.61
105 sq. m. 546,105 1,432 3.15% 5,201 13.64
>130 sq. m. 675,510 1,814 3.22% 5,197 15.12
VIENNA - Penzing (14th district) apartments
<50 sq. m. 226,600 826 4.37% 4,532 16.51
65 sq. m. 289,315 868 3.60% 4,451 13.35
105 sq. m. 481,215 1,255 3.13% 4,583 11.95
>130 sq. m. 515,520 1,309 3.05% 4,296 10.91
VIENNA - Rudolfsheim - Funfhaus (15th district) apartments
<50 sq. m. 201,750 806 4.79% 4,035 16.11
65 sq. m. 255,970 784 3.67% 3,938 12.06
105 sq. m. 498,225 1,377 3.32% 4,745 13.11
>130 sq. m. 520,260 n.a. n.a. 4,002 n.a.
VIENNA - Ottakring (16th district) apartments
<50 sq. m. 217,850 769 4.23% 4,357 15.37
65 sq. m. 277,550 929 4.02% 4,270 14.29
105 sq. m. 444,675 1,448 3.91% 4,235 13.79
>130 sq. m. 555,480 1,633 3.53% 4,629 13.61
VIENNA - Hernals (17th district) apartments
<50 sq. m. 199,850 746 4.48% 3,997 14.92
65 sq. m. 265,135 872 3.95% 4,079 13.42
105 sq. m. 446,985 1,4004 3.77% 4,257 13.37
>130 sq. m. 458,510 1,682 4.40% 3,527 14.02
VIENNA - Wahring (18th district) apartments
<50 sq. m. 229,000 786 4.12% 4,580 15.71
65 sq. m. 342,745 957 3.35% 5,273 14.73
105 sq. m. 638,715 1,568 2.95% 6,083 14.93
>130 sq. m. 909,720 1,858 2.45% 7,581 15.48
VIENNA - Dobling (19th district) apartments
<50 sq. m. 274,300 861 3.76% 5,486 17.21
65 sq. m. 350,675 1,008 3.45% 5,395 15.50
105 sq. m. 617,610 1,616 3.14% 5,882 15.39
>130 sq. m. 995,800 2,024 2.44% 7,660 16.87
VIENNA - Brigittenau (20th district) apartments
<50 sq. m. 201,750 903 5.37% 4,035 18.05
65 sq. m. 273,910 n.a. n.a. 4,214 n.a.
105 sq. m. 457,380 1,252 3.28% 4,356 11.92
>130 sq. m. n.a. 2,695 n.a. n.a. 22.46
VIENNA - Floridsorf (21st district) apartments
<50 sq. m. 222,900 717 3.86% 4,458 14.33
65 sq. m. 273,195 931 4.09% 4,203 14.32
105 sq. m. 464,835 1,395 3.61% 4,427 13.31
>130 sq. m. 586,690 1,776 3.63% 4,513 14.80
VIENNA - Donaustadt (22nd district) apartments
<50 sq. m. 247,400 917 4.45% 4,948 18.33
65 sq. m. 296,660 1,013 4.10% 4,564 15.58
105 sq. m. 501,795 1,593 3.81% 4,779 15.17
>130 sq. m. 679,080 1,915 3.38% 5,659 15.96
VIENNA - Liesing (23rd district) apartments
<50 sq. m. 232,050 743 3.84% 4,641 14.86
65 sq. m. 272,935 942 4.14% 4,199 14.49
105 sq. m. 433,545 1,394 3.86% 4,129 13.28
>130 sq. m. 532,350 1,414 3.19% 4,095 11.78
SALZBURG - Salzburg City apartments
<50 sq. m. 269,750 850 3.78% 5,395 16.99
65 sq. m. 353,080 959 3.26% 5,432 14.76
105 sq. m. 653,940 1,455 2.67% 6,228 13.86
>130 sq. m. 752,960 1,529 2.44% 5,792 12.74
GRAZ - Graz City apartments
<50 sq. m. 164,650 671 4.89% 3,293 13.41
65 sq. m. 198,380 749 4.53% 3,052 11.53
105 sq. m. 376,005 1,117 3.57% 3,581 10.64
>130 sq. m. 569,140 1,206 2.54% 4,378 10.05
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Districts researched: Innere Stadt apartments (1st district), Leopoldstadt apartments (2nd district), Landstraße apartments (3rd district), Wieden apartments (4th district), Margareten apartments (5th district), Mariahilf apartments (6th district), Neubau apartments (7th district), Josefstadt apartments (8th district), Alsergrund apartments (9th district), Favoriten apartments (10th district), Simmering apartments (11th district), Meidling apartments (12th district), Hietsing apartments (13th district), Penzing apartments (14th district), Rudolfsheim-Funfhaus apartments (15th district), Ottakring apartments (16th district), Hernals apartments (17th district)
Source: DERSTANDARD Definitions: Data FAQ See also: Update Schedule

For a long time home prices have been rising in Vienna. Result: gross rental yields - the return on investment on a property before all expenses - are no longer good. However, it all depends where you buy.

The basic rule is that yields are higher in less expensive districts

So yields are at their lowest in District 1 (Innere Stadt). Innere Stadt is Vienna’s most luxurious and 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 11,000 to EUR 13,000 per sq. m., whereas in the other areas apartments cost around only EUR 3,500 to EUR 7,800 per sq. m. Yields in Innere Stadt range from 1.7-2.3% At this kind of yield, no-one is buying an apartment to rent it out. These are the residences of the rich.

But acceptable yields can be had in districts such as Margereten, Mariahilfen, Favoriten, Hernals, or Leopoldstadt, where apartment costs vary enormously from EUR 3,500 to EUR 5,400 per sq. m.. In these districts, yields range from nearly 5% for very small apartments, to 3-4.4% for large apartments.

So one should choose one´s district and size carefully. Since a large apartment is less trouble to manage than a couple of smaller ones, a largish apartment in Favoriten with a yield of 4.3% has attractions, for example.

Outside Vienna, Salzburg apartments tend to cost around EUR 5,300 to EUR 6,300 per sq. m. Rents on Salzburg apartments are close to Viennese levels, at around from EUR 12-17 per sq. m. per month. Salzburg gross rental yields range from 2.4% to 3.8%.

Apartments are most affordable in Graz, where apartments cost, on average, EUR 3,300 to EUR 4,400 per sq. m. In Graz, rents range from EUR 10.00 to EUR 13.50 per sq. m. per month. Gross rental yields in Graz are slightly better than in Salzburg - ranging from 2.5% to 4.9%. The smallest apartments return the highest rental yields.






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