Property prices continue to rise in Austria and yields are poor

Residential Valuation Specialist | March 21, 2022

Last Updated: Mar. 03, 2022
VIENNA - Innere Stadt apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO
BUY
MONTHLY RENT TO BUY MONTHLY RENT
<50 sq. m. 759,300 1,150 1.82% 15,186 22.99
65 sq. m. 1,118,195 1,283 1.38% 17,203 19.74
105 sq. m. 1,781,745 2,160 1.45% 16,969 20.57
>130 sq. m. 3,360,630 3,186 1.14% 25,851 24.51
VIENNA - Leopoldstadt apartments
<50 sq. m. 326,550 1,086 3.99% 6,531 21.71
65 sq. m. 475,475 1,232 3.11% 7,315 18.95
105 sq. m. 756,630 2,014 3.19% 7,206 19.18
>130 sq. m. 896,480 2,001 2.68% 6,896 15.39
VIENNA - Landstraße apartments
<50 sq. m. 474,450 930 2.35% 9,489 18.60
65 sq. m. 683,865 1,050 1.84% 10,521 16.15
105 sq. m. 1,026,060 1,554 1.82% 9,772 14.80
>130 sq. m. 1,859,000 2,162 1.40% 14,300 16.63
VIENNA - Wieden apartments
<50 sq. m. 306,650 752 2.94% 6,133 15.04
65 sq. m. 374,530 1,083 3.47% 5,762 16.66
105 sq. m. 667,065 1,644 2.96% 6,353 15.66
>130 sq. m. 921,840 2,051 2.67% 7,682 17.09
VIENNA - Margareten apartments
<50 sq. m. 322,500 814 3.03% 6,450 16.27
65 sq. m. 368,290 957 3.12% 5,666 14.73
105 sq. m. 574,035 1,467 3.07% 5,467 13.97
>130 sq. m. 1,257,750 2,503 2.39% 9,675 19.25
VIENNA - Mariahilf apartments
<50 sq. m. 312,100 1,001 3.85% 6,242 20.02
65 sq. m. 505,050 1,002 2.38% 7,770 15.42
105 sq. m. 756,315 1,741 2.76% 7,203 16.58
>130 sq. m. 1,547,780 2,142 1.66% 11,906 16.48
VIENNA - Neubau apartments
<50 sq. m. 288,150 960 4.00% 5,763 19.20
65 sq. m. 373,815 1,003 3.22% 5,751 15.43
105 sq. m. 648,480 1,567 2.90% 6,176 14.92
>130 sq. m. 1,056,900 2,062 2.34% 8,130 15.86
VIENNA - Josefstadt apartments
<50 sq. m. 520,500 878 2.02% 10,410 17.55
65 sq. m. 649,545 1,009 1.86% 9,993 15.53
105 sq. m. 1,063,965 1,776 2.00% 10,133 16.91
>130 sq. m. 1,228,630 2,350 2.30% 9,451 18.08
VIENNA - Alsergrund apartments
<50 sq. m. 368,350 945 3.08% 7,367 18.90
65 sq. m. 479,375 1,040 2.60% 7,375 16.00
105 sq. m. 805,770 1,746 2.60% 7,674 16.63
>130 sq. m. 1,055,340 2,309 2.63% 8,118 17.76
VIENNA - Favoriten apartments
<50 sq. m. 331,500 909 3.29% 6,630 18.18
65 sq. m. 375,505 987 3.15% 5,777 15.18
105 sq. m. 557,130 1,611 3.47% 5,306 15.34
>130 sq. m. 654,940 1,876 3.44% 5,038 14.43
VIENNA - Simmering apartments
<50 sq. m. 345,050 864 3.00% 6,901 17.28
65 sq. m. 298,350 1,071 4.31% 4,590 16.48
105 sq. m. 515,760 1,463 3.40% 4,912 13.93
>130 sq. m. n.a. n.a. n.a. n.a. n.a.
VIENNA - Meidling apartments
<50 sq. m. 267,950 826 3.70% 5,359 16.52
65 sq. m. 367,770 952 3.10% 5,658 14.64
105 sq. m. 589,575 1,538 3.13% 5,615 14.65
>130 sq. m. 838,240 2,031 2.91% 6,448 15.62
VIENNA - Hietzing apartments
<50 sq. m. 332,100 781 2.82% 6,642 15.61
65 sq. m. 454,350 1,017 2.68% 6,990 15.64
105 sq. m. 808,080 1,539 2.29% 7,696 14.66
>130 sq. m. 1,087,580 2,019 2.23% 8,366 15.53
VIENNA - Penzing apartments
<50 sq. m. 299,900 870 3.48% 5,998 17.40
65 sq. m. 441,220 949 2.58% 6,788 14.60
105 sq. m. 707,595 1,489 2.53% 6,739 14.18
>130 sq. m. 949,390 1,346 1.70% 7,303 10.35
VIENNA - Rudolfsheim - Funfhaus apartments
<50 sq. m. 280,550 830 3.55% 5,611 16.60
65 sq. m. 414,830 954 2.76% 6,382 14.67
105 sq. m. 676,515 1,617 2.87% 6,443 15.40
>130 sq. m. 711,100 n.a. n.a. 5,470 n.a.
VIENNA - Ottakring apartments
<50 sq. m. 271,850 832 3.67% 5,437 16.63
65 sq. m. 376,675 918 2.93% 5,795 14.13
105 sq. m. 622,440 1,414 2.73% 5,928 13.47
>130 sq. m. 769,210 1,789 2.79% 5,917 13.76
VIENNA - Hernals apartments
<50 sq. m. 275,850 798 3.47% 5,517 15.95
65 sq. m. 348,725 861 2.96% 5,365 13.25
105 sq. m. 745,290 1,414 2.28% 7,098 13.47
>130 sq. m. 919,230 1,855 2.42% 7,071 14.27
VIENNA - Wahring apartments
<50 sq. m. 362,450 915 3.03% 7,249 18.30
65 sq. m. 502,645 957 2.28% 7,733 14.72
105 sq. m. 924,210 1,889 2.45% 8,802 17.99
>130 sq. m. 1,404,390 2,319 1.98% 10,803 17.84
VIENNA - Dobling apartments
<50 sq. m. 424,250 901 2.55% 8,485 18.02
65 sq. m. 609,050 1,035 2.04% 9,370 15.92
105 sq. m. 1,136,310 1,770 1.87% 10,822 16.86
>130 sq. m. 1,400,230 2,480 2.13% 10,771 19.08
VIENNA - Brigittenau apartments
<50 sq. m. 280,300 954 4.08% 5,606 19.07
65 sq. m. 387,920 1,043 3.23% 5,968 16.05
105 sq. m. 663,285 1,508 2.73% 6,317 14.36
>130 sq. m. n.a. n.a. n.a. n.a. n.a.
VIENNA - Floridsorf apartments
<50 sq. m. 321,850 837 3.12% 6,437 16.74
65 sq. m. 387,075 997 3.09% 5,955 15.34
105 sq. m. 656,775 1,456 2.66% 6,255 13.87
>130 sq. m. 616,070 1,366 2.66% 4,739 10.51
VIENNA - Donaustadt apartments
<50 sq. m. 331,450 856 3.10% 6,629 17.12
65 sq. m. 391,300 1,063 3.26% 6,020 16.35
105 sq. m. 724,290 1,672 2.77% 6,898 15.92
>130 sq. m. 1,015,950 1,509 1.78% 7,815 11.61
VIENNA - Liesing apartments
<50 sq. m. 325,200 912 3.36% 6,504 18.23
65 sq. m. 386,555 1,143 3.55% 5,947 17.58
105 sq. m. 581,595 1,658 3.42% 5,539 15.79
>130 sq. m. 821,470 1,626 2.38% 6,319 12.51
SALZBURG - Salzburg City apartments
<50 sq. m. 349,850 910 3.12% 6,997 18.20
65 sq. m. 448,370 1,045 2.80% 6,898 16.07
105 sq. m. 918,855 1,529 2.00% 8,751 14.56
>130 sq. m. 1,417,910 1,836 1.55% 10,907 14.12
GRAZ - Graz City apartments
<50 sq. m. 241,050 661 3.29% 4,821 13.21
65 sq. m. 313,105 796 3.05% 4,817 12.25
105 sq. m. 535,080 1,239 2.78% 5,096 11.80
>130 sq. m. 615,940 1,295 2.52% 4,738 9.96
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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