Vienna International Personal Real Estate Guide

Find the best real estate in Vienna, Austria

6.8% Inflation: How Private Households are Affected by Rising Prices

Inflation in Austria remains historically high and is pushing many households to their limits. Whether it's high gasoline prices or horrendous living costs, everyone is feeling the inflation. How the average household is affected by these problems and what impact they have on lower-income households, read here.

April 20, 2022

Housing in Austria: Average Monthly Rents Remain Above Inflation Rate

Rental prices are not spared from the persistently high inflation. On the contrary - according to a recent study, rental prices remain above the current inflation rate. If you want to know how expensive rent is and how much the average tenant pays, read on.

March 30, 2022

Real Estate in Austria: Highest Annual Increase in Purchase Prices of Houses and Apartments Since Records Began

Prices on the Austrian residential real estate market show a year-on-year price increase of 12.3% for 2021. This is the highest annual increase since the index series began in 2010 and is significantly higher than in previous years.

March 29, 2022

Vienna: "A Uniquely Wonderful Place for Expats"

The Expat City Ranking reveals the best and worst cities for expats around the world. Vienna dominates the "Quality of Urban Living Index". Find out why.

February 2, 2022

Demand for Luxury Real Estate in Austria Increased by 12 Percent Due to the Corona Situation

Luxury real estate demand increased by 12 percent in Austria in 2021, according to the Engel & Völkers Group. Read more about the luxury real estate trends in Austria and around the world.

January 17, 2022

New 153-Meter Luxury Tower V22 in Vienna to be Completed by 2025

Construction is currently underway on a new 153-meter luxury tower in Vienna's 22nd district. The project, known as VIENNA TWENTYTWO or V22, is expected to be fully complete by 2025. Learn more about one of Vienna's largest urban development projects and see what it is expected to look like upon completion.

December 7, 2021

Vienna Ranked Fourteenth Most Expensive City in the World

While Tel Aviv is the most expensive city in the world and tops the Cost of Living Index 2021, Paris and Singapore are tied for second, followed by Zurich and Hong Kong in fourth and fifth place, respectively. Vienna comes in fourteenth place after Tokyo and jointly with Sydney. Damascus, Syria, was named the world’s cheapest city. See the full list of the world's most expensive cities to live in 2021.

December 1, 2021

Real Estate in Austria: Purchase Prices of Houses and Apartments Up 10.7 Percent

The Austrian House Price Index - prices on the residential real estate market - continue to rise. With an increase of 10.7% compared to the 1st half of 2020, the price increase for houses and apartments was significantly above the average of recent years. Detailed information on the house price index can be found below.

September 23, 2021

Building Permits in Vienna Reach Record Levels in 2021

In positive news for the construction industry, reports show that building permits in Vienna have reached record levels in the first quarter of 2021. They also show an interesting trend in Lower Austria.

July 16, 2021

How Expensive is Rent in Austria?

The rent costs in Austria vary depending on the duration, region and type of rental segment. Find out more about the exact amounts you have to pay across Austria!

May 25, 2021

Austrians Cannot Afford Own Home

Fewer and fewer Austrians can afford to own their own home. Compared to 70 percent of the European population owning its own home, only 55 percent of Austrians are able to. Read more about the results of a recent housing study below!

May 19, 2021

Covid-19 in Austria: What Will the Rules Be for the New Normal as of May 19?

Today, the new rules for the planned opening from May 19 were presented. The curfew restriction will be dropped. There will be far-reaching relaxations in the areas of catering, hotels, closed sports venues, cultural facilities and recreational businesses. These will be accompanied by security measures such as access tests, hygiene and distance measures, capacity restrictions and mandatory registration of guests.

May 10, 2021

Vienna Also Opens on May 19.

Finally, Vienna has also officially confirmed that the long-awaited opening will take place on May 19. The planned relaxations also bring further steps towards normality in the retail sector. You can find out exactly what this means below.

May 6, 2021

Lockdown Ends in Vienna and Lower Austria: What's Permitted Now

On Monday, the hard lockdown finally came to an end in Vienna and Lower Austria. With the end of the hard lockdown, stores and body-related service providers, museums, zoos and other leisure businesses are allowed to reopen. What residents of Vienna and Lower Austria are now allowed to do again, read below.

May 3, 2021

Why Austria Is NOT One of the Best Countries in the World

Why a top "Quality of Life" rating is not enough to rank among the "best" countries in the world, and why expat destinations like Canada, Japan, Germany, Australia and even Switzerland are uncatchable ahead of Austria.

April 30, 2021

Austrian Residential Property Market: Prices Continue to Rise

The real estate market in Austria continues to boom. Last year again surpassed the record set the year before, with both sales and the value of properties sold continuing to rise in 2020 compared with 2019. The most expensive district outside Vienna remains Kitzbühel in Tyrol. Housing prices in a five-year comparison: Austria: +26%, Vienna: +21%, Burgenland: +47%, Vorarlberg: +45%, Carinthia: +18%. Find out how the Austrian real estate market works.

April 28, 2021

Down Under Hotel Flair for Vienna

Adina Apartment Hotels, a hospitality brand and a market leader in high-quality apartment-style hotels originating from Australia, has announced its flagship Adina brand will debut in Vienna. One of only seven hotels to offer a swimming pool in Vienna, the "Adina Apartment Hotel Vienna Belvedere", developed by Signa Real Estate Management GmbH, will literally make a splash in Vienna’s ultra-modern Quartier Belvedere when it opens in April of 2021, completed with a heated indoor pool and sauna.

February 15, 2021 · Sponsored Content

Austria's Real Estate: Single-Family Houses Expensive, Offices Cheap

Also as a result of the Covid-19 crisis, living spaces with a garden, a balcony or a terrace see a significant increase in demand, while office spaces and other commercial real estate loses value. Another new aspect of the real estate market in Austria is the rise in demand for single-family houses in the outskirts of bigger cities.

January 5, 2021

The Vienna Service Office - The Embassy of the City of Vienna inside the Vienna International Centre

The Vienna International Centre hosts a branch office of the City of Vienna, whose sole purpose is to offer the staff of the UN organizations and their relatives rapid and individual assistance with questions of daily life and to provide them with urgently needed information.

November 19, 2020

Austria's Second Hard Lockdown: So what applies now? - Live Updates

The new COVID-19- emergency measure regulation brings beyond the already existing measures intensified exit regulations and an extensive closing of business. The retail stores for basic supplies (food, pharmacies, post office, banks, etc.) will remain open. The Ordinance came into force on 17 November 2020 and is valid up to and including 6 December 2020.

November 16, 2020

Vienna Is the Sixth Largest City in the European Union

After London pulled out and Bucharest moved up, Vienna has consolidated itself in sixth place among the largest cities in the European Union. But who is the new European leader, and who are the other cities ahead of Vienna in the ranking? What are the reasons why living in Vienna is so popular with other Austrians, expats, migrants and refugees?

November 9, 2020

Second Coronavirus Lockdown: Which Rules Apply for your Business in Austria?

The exponential increase of the Austrian COVID-19 infection numbers has made drastic measures necessary. On November 3, 2020, the new COVID-19 Protection Measures Ordinance will come into force and remain in force until at least November 30, 2020. In order to cushion the economic impact, short-time working will be upgraded and loss of sales compensated. The new rules and economic measures for the gastronomy, tour operator, tourism and leisure industry can be found below.

November 2, 2020 · Updated: November 6, 2020; 10:13

Second Coronavirus Lockdown in Austria: Which Rules Apply?

The Austrian government has announced the Second Coronavirus Lowdown and presented stricter measures against the virus, which will apply from Tuesday, November 3 starting at 0:00 am. From then on, night-time exit restrictions will apply in Austria between 20.00 and 6.00 hours. Most events will be cancelled, restaurants will no longer be allowed to serve guests, and most leisure facilities will have to close for a month for the time being.

October 31, 2020 · Updated: November 2, 2020; 09:29

Second Lockdown: Warning of Medical Bottlenecks

The reason for the second Austrian lockdown is the explosive growth in coronavirus numbers and the danger of overloading intensive care. What is the situation in hospitals and nursing homes?

October 31, 2020

Investor Survey: Vienna Among Top 3 Locations for Real Estate Investments

Despite the Covid-19 crisis, Vienna is still one of the most attractive European metropolises for real estate investments. According to a recent survey among investors, London, Berlin and Vienna make up the Top 3 locations in which real estate is highly sought.

October 19, 2020

UNESCO Honors Vienna with "Smart City" Award

The city of Vienna was recognized by UNESCO fo its "innovative, intelligent, networked and explicitly sustainable" housing policy. Besides Vienna, other cities, such as Shenzhen (China), Dakar (Senegal) and Singarpore, have received other awards.

September 30, 2020

Austrian Economy Slumped by 12.1% in Q2 2020

The newly published report by Statistics Austria shows a massive economic slump in the second quarter of 2020. Austria's GDP declined by more than 12 percent compared to the second quarter of 2019 while expectations for the last two quarters of the year are not much better.

September 28, 2020

Student Apartments Are Getting more Expensive in Austria

In 4 out of 6 student cities across Austria, the rent for single apartments which are mostly used by students are increasing. Only in Graz and in Linz the cost of the rent is experiencing a slight decline.

August 27, 2020

Statistics Austria: Inflation Has Risen to 1.7% in July 2020

According to latest reports, inflation in Austria has risen from 1.1% in June to 1.7% in July 2020. The pricing of clothing was the main driving force.

August 19, 2020

New Luxury Hotel To Come To Vienna: The Mandarin Oriental Vienna

The Mandarin Oriental Hotel Group, a Southeast Asian hotel chain that operates luxury 5-star hotels, is establishing a hotel in Vienna and invests 100 million euros.

July 8, 2020

Properties for Development in Austria: Location, Location, Location

Property prices in Austria (average property prices and house price index) continued to show high price dynamics last year. The current average prices for plots, houses and apartments for development can be found below.

May 30, 2020

COVID-19: Overview of the Current Measures of the City of Vienna

The coronavirus crisis has had Austria in its grip since mid-March. Now the measures are being gradually eased again. Current information on all measures and restrictions in Vienna. Restaurants, church services, outdoor animal parks, outdoor sports, etc. will be reopened from 15 May, hotels from 29 May.

May 14, 2020

Expats in Austria Give Host Country Its Worst Ranking Yet

Expats in Austria enjoy a healthy life with great opportunities to travel, however, finding friends or even love can be a struggle. Hence Austria became 3rd from the bottom (56th out of 64 countries) in the Ease of Settling In Index.

September 20, 2019

Oh Vienna: Austria's Capital Remains the World’s Most Liveable City

Vienna has successfully defended its leading position in the Economist ranking of the most liveable cities in the world. On the index Vienna scores a near-perfect 99.1 out of 100, putting it just ahead of Melbourne.

September 5, 2019

Open House: Discover Vienna's Unique Architectural History

Part of Vienna's rank as the city with the world’s best quality of livingis is its outstanding architecture and design. On 14 and 15 September 2019 about 100 buildings - many of which are normally inaccessible - will open their doors for the general public, free of charge.

September 3, 2019

Apartment Prices: Austria in Top Third of Europe

A recent study by the consulting firm Deloitte shows that Austrian apartments are still relatively affordable in comparison to other European countries, both in terms of purchase and rent.

August 9, 2019

8 Reasons why Vienna is an Ideal Destination for Expats

Home to imperial architecture, masterpiece-filled museums and inspiring music, it’s no wonder that Vienna is a desirable destination for tourists and expats alike.

July 26, 2019

Tourism: Why Does Vienna Need So Many New Hotels?

Tourism in Vienna is booming and the number of overnight stays is rising. New hotels are currently being built all over Vienna, from international hotel chains and five-star palaces to boutique hotels for city travellers, some of which attract with exposed rooftop bars. The Andaz Vienna Am Belvedere and the Max Brown 7th District were recently opened. A further 10 hotels will be completed over the next two years.

July 12, 2019

Where Are Austria's Properties Most Expensive?

Particularly sought-after locations can be found in urban areas and tourist centres. The two well-known winter sports resorts of Lech am Arlberg and Kitzbühel, with a price per square metre of 1,806 euros and 1,646 euros respectively for building plots, are at the top of the list. In Vienna, the districts of Döbling with 1,416 euros and Währing with 1,301 euros per square metre were in the lead.

June 13, 2019

Welcome Expats - Vienna Remains the Most Livable City in the World

In 2019 Vienna was again rated by the international consulting agency Mercer as the city with the highest quality of life worldwide. In the special evaluation on the subject of personal security, however, Vienna was only ranked 6th.

March 14, 2019

Benko-Hyatt Project - New Luxury Lifestyle Hotel Opens in Vienna in April 2019

The first Andaz Hotel in Austria, the boutique hotel "Andaz Vienna Am Belvedere" at the new Vienna Central Station, opposite the 21er Haus and the Schweizergarten, next to the park apartments at the Belvedere, is to be opened on 17 April 2019. It is the second project and a 50:50 joint venture between René Benko's Signa Group and Andaz Hotels, an affiliate of Hyatt Hotels Corporation.

March 1, 2019 · Sponsored Content

Expats in Austria: "You will never be able to make local friends"

We would like to share with you some of the findings of the Expat Network InterNations on the well-being of expats in Austria. Although these differ in some respects considerably from other annual reports, they also contain survey results which are a common thread in most studies. These include the fact that the quality of life is perceived as very high, but on the other hand intercultural communication and establishing friendships is perceived as very difficult.

September 20, 2018

The AMBASSY for Ambassadors

In Vienna's embassy district, surrounded by over thirty diplomatic missions, an interesting urban residential object is being created in three lifestyle categories, "The Ambassy Parkside Living".

April 23, 2018 · Sponsored Content

Russia's Yelena Baturina Divests Grand Tirolia Hotel for €45 Mln

The billionaire and wife of Yury Luzhkov, the former Moscow mayor, is selling her Kitzbühel 5-star hotel for 45 million euros to an investor. Rumour has it that the investor is looking for an international operator.

April 10, 2018

Vienna Forever the Most Livable of All Cities?

For the ninth time in a row, Vienna has been ranked number 1 worldwide in the Mercer Quality of Living ranking. Vienna owes this to the generous and liberal spending policy of the city government of recent decades. In view of the expected budget cuts, it remains to be seen whether Vienna will be able to maintain this leading position in the future.

March 20, 2018

Most Expensive Expatriate Cities: Vienna Moves Up to 54th Place Overall in the Index

For the 22nd year running, global HR consulting firm Mercer has published its annual Cost of Living Ranking that lists the costliest and cheapest destinations for expatriates. Asia hosts five of the world’s 10 most expensive cities for expatriates. Hong Kong is once again the world’s most expensive city for expatriates. Vienna moves up to 54th place from 56th place overall in the index. 209 countries have been surveyed. See the full index below.

July 22, 2016

IMD Competitiveness Ranking: Austria Edged Up to Rank 24

According to the latest issue of the competitiveness ranking established by Swiss research facility Instituts für Management-Entwicklung (IMD), Austria edged up from rank 26 to 24 y/y in 2015.

May 31, 2016

Erste Group Provides Blackstone with a 5-Year EUR 91 Million Facility

Erste Group provides Blackstone with a 5-year EUR 91 million facility to acquire 12 logistics assets. The 265000 sqm portfolio covers 12 standing logistics investments located in Hungary (5), Romania (4), Poland (2) and Slovakia (1), as well as land reserves.

February 22, 2016

Biggest Viennese Real Estate Deal Ever - Sale of The Mall Closed

Bank Austria - via its subsidiary BAI - closed the sale of "The Mall", the largest and most modern shopping mall in the heart of Vienna. The buyer is a consortium led by Morgan Stanley Real Estate Investing (MSREI). UniCredit Bank Austria did not disclose the price, but claims that the transaction is Vienna's largest real estate deal ever.

December 16, 2015

Bank Austria Sells Prominent Property "The Mall" to Morgan Stanley Consortium

UniCredit Bank Austria AG announces that the purchase agreement for the shopping centre The Mall at Wien Mitte was signed with Morgan Stanley Real Estate Investing (MSREI), pending approval by the antitrust authorities.

October 22, 2015