The New Future of Real Estate Sales in Vienna

This year, 17,600 new apartments will be completed in Vienna. The new construction boom will continue in 2022 with over 18,000 new apartments.

This means that Vienna will see many new apartments coming onto the market for sale for the third consecutive year, thereby increasing supply.

What are the effects of this?

That we will have a few too many apartments in Vienna.

Supply exceeds demand in some districts:

This is good news for apartment seekers.

Because the supply in districts such as Leopoldstadt and Landstraße will exceed demand, this will also have an impact on real estate purchase prices, and as a result many apartments for sale will remain vacant.

One reason for this is that many prospective buyers prefer to purchase a property in a greener setting. This means that growth will be more concentrated in the surrounding areas.

This development is an advantage for Lower Austria and Burgenland. Of course, the main reason includes

COVID-19, as the virus has driven the trend of villages gaining attractiveness as places of residence.

Another reason for the further development of real estate sales in Vienna is that an increasing number of property developers are selling projects to investors and immediately beginning construction of new projects.

Because due to population growth, housing production in Vienna is exceeding demand.

Small apartments are preferred:

In Vienna, currently around 53% of newly built apartments being constructed have one or two rooms, with hardly any apartments featuring more rooms.

Approximately 91% of apartments have an outdoor area.

Because properties without outdoor areas are no longer really in demand.

More than half of all new apartments will feature a balcony, a terrace, or a loggia.

The average apartment in Vienna has a living space of 62.4 square metres. In new projects, approximately 60 apartments are typically built. The land cost share averages 985 euros per square metre. In the surrounding areas as well as in Lower Austria, 3- or 4-room apartments are being built. These apartments are larger than those in Vienna, averaging 79.5 square metres. This means that the price of an average small apartment in Vienna is one fifth higher than in Lower Austria.

Because with 4M-Immobilien you will not miss any offers for so-called future properties – we have the right property for everyone at the best prices.

You've come to the right place with us!

We buy and sell properties in Vienna and the surrounding area – quickly, securely and at fair prices.

For further questions and information, please feel free to contact me at any time!

Expert recommendation: Rami Mansour [email protected] +43 68 184 404 402 https://4m-immo.at/uber-uns/