Vienna International Guide - Austrian Lifestyle, Travel, Arts, Culture

Vienna Drops in “Global Cities Index”

Vienna drops three places. Regardless of the financial crisis the largest global financial centers in New York and London are still the cities with the biggest influence world-wide.

April 16, 2014

Vienna: Luxury Real Estate Segment Booms

In contrast to the general trend in Austria, the properties in Vienna become more and more expensive. About 25% of the apartments cost more than € 500,000.

April 15, 2014

Wealthy Investing in Real Estates in Vienna

Vienna is considered a “safe haven” for real estate investments. In particular, luxury homes, such as the Palais Principe for instance, are more than attractive for wealthy investors.

April 4, 2014

Real Estate in Vienna: Offer Does Not Catch up Demand

There is a growing trend towards population increase as well as small households in Vienna.

March 25, 2014

Austria: Prices for Luxury Real Estates Soaring

The prices for luxury real estates in Austria continue to increase.

March 10, 2014

Austrian Real Estate Market Shrinks

In terms of transactions, the Austrian real estate market shrank by 12.5% last year. Nevertheless, the price level has reached new records.

March 6, 2014

Vienna: City with Highest Quality in Life

Just like last year Vienna is on top of the list of the major cities with the highest life quality. Baghdad ranks last in the survey carried out by Mercer.

February 19, 2014

Low Expectations in Nuclear Talks with Iran in Vienna

Optimism among officials about successful talks to end Iran’s nuclear program is restrained.

February 19, 2014

Austria: Real Estate Prices Still Soaring

Barely any other city in Europe saw prices rising as high for residential real estates as Vienna.

February 18, 2014

Real Estate: Vienna´s Office Market Saturated

In contrast to office markets in CESEE (Central, Eastern and Southeastern Europe), the Viennese office market has no major projects in the pipeline. The growth potential is rather limited.

February 15, 2014

Austrian Real Estate: Prices to Increase only in Vienna

While the property price level does not stop to increase in Austria´s capital, the rest of Austria faces stagnating property prices.

February 12, 2014

Viennese Real Estate: Roof Space Utilization is the Key

In Austria´s capital, living space is rather limited. In the next few years, shortages in the housing market will sharpen further.

February 5, 2014

Real Estate: Outskirts of Vienna Popular Among East Europeans

More and more well situated East Europeans discover the suburban regions surrounding the Austrian capital. Unlike in Vienna, property prices are going up steadily.

February 4, 2014

Real Estate: Why Austrians Prefer Rented Apartments

About 40% of the Austrian households are rented apartments. Most tenants cannot afford becoming homeowners.

February 3, 2014

Austrian Office Market: Boom is Over

The increase in new construction has reached a new low. According to Bernhard Reikersdorfer (CEO of Remax Austria), the price situation will remain stable.

January 20, 2014

Oberbank Continues Expansion Strategy

The Austrian regional bank considers Vienna and the Czech Republic as potential growth markets.

January 17, 2014

Sajdik New Chairman of UN ECOSOC

The Austrian diplomat Martin Sajdik became President of the Economic and Social Council, which is one of the most important bodies of the UN.

January 15, 2014

Property Market: Vienna More Attractive than Berlin or Munich

Compared to German metropolises, the Viennese property market has still a significant upside potential. Nevertheless, the office market in Vienna is expected to stagnate in the next few years.

January 15, 2014

Shortages in Austrian Real Estate Market

The Austrian real estate association (ÖVI) warns of a low building activity. There is a lack of more than 10,000 new housing units per year, ÖVI argued.

January 8, 2014

Austrian Real Estate Market Returns to Normality

Demand is slowing down again. Nevertheless, the price level remains high.

December 26, 2013

Major Changes in Viennese Property Market

After 2008, frame conditions in the Viennese residential property market have changed fundamentally. Four major trends were observable.

December 20, 2013

Living Expenses for Expats in Austria

In global rankings, Vienna often emerges as a relatively low-cost destination for expatriates. But what does this mean in terms of day-to-day expenses? We explore the cost of living in Austria below.

December 16, 2013 · Sponsored Content

Bank Austria`s Headquarter Sold

The Austrian investor Ronny Pecik has bought the headquarter building of the largest Austrian bank.

December 14, 2013

Bawag Sells Headquarter Building

In order to improve its equity base, the Austrian banking group sells the headquarter building in Vienna´s City.

November 23, 2013

Austrian Real Estate Market: Shopping Centers Under Pressure

Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.

September 28, 2013

Austrian Real Estate Market: Residential Housing Still Affordable

Austria offers good and affordable residential housing. However, strong price gains were registered in 2012, Bank Austria published in its report “Real Estate Country Facts”. In the next years, rents will continue to grow.

September 27, 2013

Austrian Commercial Real Estate Market on Right Track

Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.

September 27, 2013

Viennese Office Market Records New Low

The property market of Austria´s capital becomes less attractive. Since 2008, the production of new office space goes down.

September 16, 2013

No Asset Bubble in Austria

Despite the growing property prices in the last years, Austria does not face a real estate bubble.

September 14, 2013

Austria: Real Estate Prices Tend to Stabilize

In the first half of 2013, the average price increase was only 0.3%. The danger of a real estate bubble in Austria is rather small.

September 10, 2013

Vienna among Top 10 of Internet Cities Worldwide

According to Mercer, Vienna is the town with the best quality of live. According to Co.Exist, Vienna is one of the leading Smart Cities worldwide. Now a survey by British enterprise UBM shows that Vienna is amongt the “Top 10 Internet Cities”.

August 28, 2013

Property Market: Vienna Among Top Ten in Europe

For the first time ever, Austria´s capital is among the most expensive cities. On average, the price per square meter comes at 3,000 in Vienna´s city.

July 20, 2013

Vienna: Industrial Sector Shrinks

The Viennese industrial sector faces hard times. Not only the number of workers, but also the order intake is decreasing substantially.

July 18, 2013

Viennese Real Estate Market Stagnates

After a long-lasting boom, the upward trend in Vienna´s property market has come to an end.

July 17, 2013

Vienna: Attractive Financial Center

GFCI confirms Vienna's attractiveness as a financial center.

April 15, 2013

"Strict financial audits enhance trust in administrative bodies"

Symposium of international courts of auditors discusses citizens' participation in Vienna.

March 7, 2013

UN Alliance of Civilizations Forum in Vienna

The UN Alliance of Civilizations Forum draws a close with the Vienna Declaration. The forum was attended by Heads of State and Global Foreign Ministers.

March 1, 2013

Austria Stresses Importance of Human Rights Conference

Austrian Foreign Ministry: "Carry on from the outcome of the World Conference on Human Rights 1993".

February 26, 2013

Vienna´s Position as CEE-Hub Is Endangered

The number of multinational companies which withdraw their sub-headquarters from Vienna is growing, experts say.

February 20, 2013

Austria: Number of Naturalisations Increases

7 107 persons acquired Austrian citizenship in 2012.

February 18, 2013

Austrian Population at Record Level

Last year, Austria's population rose in 2012 by about 45 000 people. In total, the country has 8.5 million inhabitants.

February 15, 2013

“Using the location Vienna as a bridge between the EU and Latin America”

Austrian State Secretary calls for cooperation in security issues and sustainable energy at the international organisations headquarters in Vienna.

January 28, 2013

Vienna Suffers from Housing Shortages

In the next 20 years, Vienna will need up to 200,000 new accommodation units.

January 23, 2013

"We invite the African Union to open an office in Vienna"

"Austria invites the African Union to establish an office in Vienna in the year marking the 50th anniversary of the African Union.” Austrian State Secretary Lopatka says.

January 15, 2013

Slovakia Wants to Strengthen Co-Operation with Austria

After a meeting between Slovak Prime Minister Robert Fico and President of Austria´s National Council Barbara Prammer, both emphasized their willingness to realize more common projects in future.

January 14, 2013

Heineken Shuts Down Viennese Headquarters

The Dutch beer producer shifts its CEE-headquarters from Vienna to Amsterdam.