Property prices continue to rise in Austria and yields are poor

Residential Valuation Specialist | May 05, 2022

Last Updated: May 05, 2022
VIENNA - Innere Stadt apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO
BUY
MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 919,150 1,519 1.98% 18,383 30.38
65 sq. m. 1,104,675 1,410 1.53% 16,995 21.69
105 sq. m. 1,810,830 2,140 1.42% 17,246 20.38
130 sq. m. 3,310,450 2,937 1.06% 25,465 22.59
VIENNA - Leopoldstadt apartments
50 sq. m. 346,450 1,132 3.92% 6,929 22.63
65 sq. m. 475,475 1,270 3.21% 7,315 19.54
105 sq. m. 867,405 1,954 2.70% 8,261 18.61
130 sq. m. 1,151,020 2,141 2.23% 8,854 16.47
VIENNA - Landstraße apartments
50 sq. m. 421,150 989 2.82% 8,423 19.77
65 sq. m. 522,795 1,153 2.65% 8,043 17.74
105 sq. m. 819,315 1,643 2.41% 7,803 15.65
130 sq. m. 1,312,220 2,131 1.95% 10,094 16.39
VIENNA - Wieden apartments
50 sq. m. 496,150 986 2.38% 9,923 19.71
65 sq. m. 697,385 1,009 1.74% 10,729 15.52
105 sq. m. 1,141,455 1,568 1.65% 10,871 14.93
130 sq. m. 1,724,190 2,609 1.82% 13,263 20.07
VIENNA - Margareten apartments
50 sq. m. 326,600 871 3.20% 6,532 17.41
65 sq. m. 392,340 1,000 3.06% 6,036 15.39
105 sq. m. 640,395 1,570 2.94% 6,099 14.95
130 sq. m. 1,063,140 2,310 2.61% 8,178 17.77
VIENNA - Mariahilf apartments
50 sq. m. 430,600 1,079 3.01% 8,612 21.58
65 sq. m. 656,110 966 1.77% 10,094 14.86
105 sq. m. 989,730 1,626 1.97% 9,426 15.49
130 sq. m. 1,510,210 1,960 1.56% 11,617 15.08
VIENNA - Neubau apartments
50 sq. m. 354,750 1,072 3.62% 7,095 21.43
65 sq. m. 370,955 1,303 4.21% 5,707 20.04
105 sq. m. 974,295 1,633 2.01% 9,279 15.55
130 sq. m. 1,366,170 2,356 2.07% 10,509 18.12
VIENNA - Josefstadt apartments
50 sq. m. 507,700 1,481 3.50% 10,154 29.61
65 sq. m. 606,515 1,077 2.13% 9,331 16.57
105 sq. m. 899,640 1,586 2.11% 8,568 15.1
130 sq. m. 1,267,630 2,263 2.14% 9,751 17.41
VIENNA - Alsergrund apartments
50 sq. m. 374,350 1,198 3.84% 7,487 23.96
65 sq. m. 501,930 1,230 2.94% 7,722 18.93
105 sq. m. 791,490 1,807 2.74% 7,538 17.21
130 sq. m. 2,167,490 2,347 1.30% 16,673 18.05
VIENNA - Favoriten apartments
50 sq. m. 331,500 921 3.33% 6,630 18.41
65 sq. m. 370,045 970 3.15% 5,693 14.93
105 sq. m. 516,285 1,570 3.65% 4,917 14.95
130 sq. m. 702,520 2,636 4.50% 5,404 20.28
VIENNA - Simmering apartments
50 sq. m. 325,600 866 3.19% 6,512 17.31
65 sq. m. 391,170 1,069 3.28% 6,018 16.44
105 sq. m. 605,010 1,383 2.74% 5,762 13.17
130 sq. m. n.a. n.a. n.a. n.a. n.a.
VIENNA - Meidling apartments
50 sq. m. 273,650 836 3.67% 5,473 16.72
65 sq. m. 370,240 981 3.18% 5,696 15.09
105 sq. m. 635,250 1,466 2.77% 6,050 13.96
130 sq. m. 689,390 1,873 3.26% 5,303 14.41
VIENNA - Hietzing apartments
50 sq. m. 348,050 843 2.90% 6,961 16.85
65 sq. m. 480,675 1,010 2.52% 7,395 15.54
105 sq. m. 784,350 1,603 2.45% 7,470 15.27
130 sq. m. 1,100,840 2,057 2.24% 8,468 15.82
VIENNA - Penzing apartments
50 sq. m. 297,800 840 3.38% 5,956 16.79
65 sq. m. 429,780 861 2.40% 6,612 13.24
105 sq. m. 678,195 1,551 2.74% 6,459 14.77
130 sq. m. 992,680 1,416 1.71% 7,636 10.89
VIENNA - Rudolfsheim - Funfhaus apartments
50 sq. m. 290,300 989 4.09% 5,806 19.78
65 sq. m. 412,555 952 2.77% 6,347 14.64
105 sq. m. 662,970 1,517 2.75% 6,314 14.45
130 sq. m. 940,810 n.a. n.a. 7,237 11.07
VIENNA - Ottakring apartments
50 sq. m. 277,800 838 3.62% 5,556 16.76
65 sq. m. 438,035 918 2.51% 6,739 14.12
105 sq. m. 660,345 1,460 2.65% 6,289 13.9
130 sq. m. 715,130 1,659 2.78% 5,501 12.76
VIENNA - Hernals apartments
50 sq. m. 257,850 829 3.86% 5,157 16.58
65 sq. m. 393,315 928 2.83% 6,051 14.28
105 sq. m. 756,525 1,651 2.62% 7,205 15.72
130 sq. m. 829,790 1,855 2.68% 6,383 14.27
VIENNA - Wahring apartments
50 sq. m. 362,600 889 2.94% 7,252 17.78
65 sq. m. 531,440 1,004 2.27% 8,176 15.44
105 sq. m. 927,570 1,905 2.46% 8,834 18.14
130 sq. m. 1,386,190 2,512 2.17% 10,663 19.32
VIENNA - Dobling apartments
50 sq. m. 400,800 887 2.65% 8,016 17.73
65 sq. m. 579,280 1,045 2.17% 8,912 16.08
105 sq. m. 1,100,820 1,634 1.78% 10,484 15.56
130 sq. m. 1,428,960 2,393 2.01% 10,992 18.41
VIENNA - Brigittenau apartments
50 sq. m. 271,300 944 4.17% 5,426 18.87
65 sq. m. 388,245 1,104 3.41% 5,973 16.98
105 sq. m. 745,710 1,574 2.53% 7,102 14.99
130 sq. m. n.a. n.a. n.a. n.a. n.a.
VIENNA - Floridsorf apartments
50 sq. m. 340,750 827 2.91% 6,815 16.54
65 sq. m. 402,675 1,003 2.99% 6,195 15.43
105 sq. m. 688,065 1,497 2.61% 6,553 14.26
130 sq. m. 577,590 1,560 3.24% 4,443 12
VIENNA - Donaustadt apartments
50 sq. m. 419,150 863 2.47% 8,383 17.26
65 sq. m. 395,395 1,059 3.21% 6,083 16.29
105 sq. m. 770,175 1,560 2.43% 7,335 14.86
130 sq. m. 967,200 1,785 2.21% 7,440 13.73
VIENNA - Liesing apartments
50 sq. m. 326,300 918 3.37% 6,526 18.35
65 sq. m. 408,590 1,204 3.54% 6,286 18.52
105 sq. m. 595,560 1,784 3.59% 5,672 16.99
130 sq. m. 839,410 1,704 2.44% 6,457 13.11
SALZBURG - Salzburg City apartments
50 sq. m. 359,100 1,464 4.89% 7182 29.27
65 sq. m. 473,395 1,162 2.95% 7283 17.88
105 sq. m. 836,850 1,793 2.57% 7970 17.08
130 sq. m. 1,635,270 1,863 1.37% 12579 14.33
GRAZ - Graz City apartments
50 sq. m. 222,100 672 3.63% 4,442 13.43
65 sq. m. 264,030 805 3.66% 4,062 12.38
105 sq. m. 494,235 1,388 3.37% 4,707 13.22
130 sq. m. 336,830 1,170 4.17% 2,591 9.00
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.
Source: IMMOPREISE Definitions: Data FAQ See also: Update Schedule

Property prices in Vienna continue to increase amid the pandemic. Therefore, you can expect that gross rental yields - the return on investment on a property before all expenses - are weak. But you can generate higher yields in less expensive districts. It all depends where you buy.

 

In Innere Stadt, apartment prices range from EUR 15,000 to EUR 25,000 per square metre (sq. m.) and rents range from EUR 19 to EUR 24 per square metre (sq. m.). Gross rental yields in Innere Stadt range from 1.14% to 1.82%, roughly the lowest rental yields in Vienna. With this kind of rental return, no-one is buying a property to be purely to be rented out. Innere Stadt is considered the most expensive district of Vienna by price per square metre.

 

But moderate yields can be generated in Leopoldstadt, Margereten, Favoriten, Simmering, Meidling, and Brigittenau, where apartment prices are around EUR 5,000 to EUR 11,000 per square metre (sq. m.). Margereten apartments can be rented out at around EUR 13 to EUR 19 per square metre (sq. m.) and tend to cost around EUR 5,000 to EUR 9,000. Leopoldstadt is somewhat close to Margereten, where apartments cost around EUR 6,000 to EUR 7,000 per square metre (sq. m.) and rents range from EUR 15 to EUR 21 per square metre (sq. m.) per month. Gross rental yields in these districts range from 2% to 4%.  

In Salzburg, approximately 200 miles apart from Vienna, apartment prices tend to be around EUR 6,997 to EUR 10,907 per square metre (sq. m.). Rents in Salzburg apartments range from EUR 14 to EUR 18 per square metre (sq. m.), which is pretty close to Viennese levels. Salzburg´s gross rental yields range from 1.55% to 3.12%.

More affordable apartments can be found in Graz, where apartments cost, on average, EUR 4,738 to EUR 5,096 per square metre (sq. m.) And rents range from EUR 9.96 to EUR 13.21 per square metre (sq. m.) per month. Gross rental yields in Graz are slightly better than in Salzburg - ranging from 2.52% to 3.29%.

Round trip transaction costs are high residential property in Austria. See our Residential transaction cost analysis for Austria.

 

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