Real Estate Development

City of Vienna Pushes for Rent Cap

The City of Vienna has called for an Austrian-wide rent price cap since it does not want to implement these regulations on its own. The rent price cap is heavily debated in Austria at this moment because the guideline value for rents might increase too much in April.

March 2, 2023

Austrian National Council Ends Brokerage Fees

A long debate will end on Wednesday as the Austrian national council will end the fee for brokers in the real estate market. Until now, new tenants used to pay the brokerage fee when they moved into their new apartment. The situation has changed now.

February 28, 2023

The Hike of Real Estate Prices Is Ending

The rise of prices for real estate is slowly coming to an end. The Austrian Real Estate Association (OVI) reported in front of journalists that the prices have hit the ceiling now. However, this is not a drop in prices but just a stabilization of them. The demand for real estate has gone back in the last months.

January 10, 2023

Marina Tower: Completion of the Highest Residential Tower in Vienna

The highest residential tower in Vienna with 140 meters and 41 floors is successfully completed in these days.

February 10, 2022

Everything You Always Wanted to Know About China's Permanent Mission to the UN and Other International Organizations in Vienna

The villa and park complex at Hohe Warte in Vienna Döbling, which was sold to the People's Republic of China in 2013 for a reported € 21 million, and in which its UN embassy has been located since 2020 under the leadership of H.E. Ambassador Wang Qun, has a storied ownership history and already belonged to Hungarian-Habsburg high aristocrats, Yugoslavian war criminals and the City of Vienna, which used it as an orphanage and in which sexual child abuse was carried out.

January 25, 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

Südbahnhotel am Semmering: Former Grand Hotel Has New Owner

The former luxury hotel an hour's drive south of Vienna, which has been little used for decades, has been bought by the foundation of a Viennese entrepreneur and is to be revitalized. The focus is to be on cultural events. However, it will take years for the hotel to be fully developed.

November 5, 2021
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