Apartment newly built near park balcony

In the third district of Vienna, a new, vibrant neighborhood called the Village im Dritten is emerging that will bring together modern residential, office and commercial spaces as well as facilities for education and childcare by 2027. Here, a diverse space for living, working and daily needs is being created. The heart of the neighborhood is the generous Bert-Brecht-Park—a green, about 2-hectare oasis that is available to residents as a central retreat and meeting place.

The modern form of real estate investment

With PARK FLATS, there is a unique opportunity to secure a home in a highly sought-after new residential project—and under terms that have not existed on the Vienna real estate market until now. This unique offering introduces a new category: "Affordable Housing", which is not only affordable but also proves to be a true investment jewel.

PARK FLATS offers everything one could wish for in urban living at the park—and at attractive terms: If you decide for a apartment now, you benefit from a 15% discount on the purchase price within the framework of the "affordable rent" obligation. This regulation provides that the apartments will be rented for the first ten years at an indexed, predefined rent that adjusts to the consumer price index (CPI) – thus stable returns that at the same time guarantee affordable housing for the tenants. After the period expires, you are free to re-let the apartment at market terms or use it yourself.

The offering at a glance:

• intelligent, efficient floor plans for a variety of needs
• flexible apartment types from 1.5 to 4 rooms
• living areas from 35 to 109 m²
• purchase prices from EUR 180,000 plus 20% VAT
• apartments in the "Affordable Housing" category are equipped with high-quality carpenter kitchens

Take this unique opportunity to secure one of the coveted PARK FLATS apartments before they are gone!

The PARK FLATS project

Under the name PARK FLATS on Construction Field 5, a residential complex is being built that meets the claim of modern living at the park. The complex comprises 138 privately financed provident apartments (95 in the Affordable Housing category), as well as an underground garage with 42 parking spaces. The U-shaped building on Ljuba-Welitsch Promenade extends across four stairwells and a residential usable area of about 8,970 square meters.

Inviting seating areas, pergola-covered structures and a beautiful view of the park invite to linger. PARK FLATS combines urban living and nature in an ideal way—a place to enjoy life in all its facets.

• 138 privately financed provident apartments (95 in the Affordable Housing category)
• 42 underground parking spaces
• 2 – 4 room apartments
• apartment sizes between 35 and 109 m²
• expansive park at your doorstep
• toddlers and youth playground
• open spaces such as private garden, terrace, loggia or balcony
• e-bike and carsharing offerings in the district

Prices of provident apartments

from EUR 180,000 to EUR 907,000 net plus 20% VAT.

Commission-free for the buyer. Completion: Summer 2026

This offer is a provident apartment to be purchased for rental purposes. The stated purchase price is therefore exclusive of 20% VAT. These data are subject to possible changes.

Secure now your new 4-bedroom dream apartment and save real money:

When purchasing a 4-bedroom apartment (ONLY Affordable Housing) no later than July 31, 2026, you will receive a discount of EUR 10,000, which you can use for your new furnishings.

Offer valid for a legally binding purchase agreement until July 31, 2026. The discount will be applied in the course of the purchase process by a corresponding reduction of the purchase price.

We would like to point out that there is a familial or economic close relationship between the broker and the third party to be mediated.

The broker acts as a dual agent.