154 Apartments to Buy in Vienna, 7. - Neubau

The 7th municipal district Neubau (postcode 1070 Vienna) is one of the most sought-after residential areas in the city. Its proximity to the center, lively cultural and dining scene, and the unique mix of historic period buildings and modern rooftop lofts make the district attractive to both property buyers and renters.

Anyone who wants to buy an apartment here is investing in quality of life and long-term value stability — for many, a dream come true.

• Small district, densely built: With only around 1.61 km² of area, 1070 Vienna (Neubau) is the third-smallest district in the city and very densely populated. Housing supply is therefore limited and mainly focused on apartments (rather than houses).
• Above-average property prices: Neubau is one of the most expensive residential areas in Vienna. Purchase prices are generally around €5,000 to €7,000 per m² — in top locations (e.g. Spittelberg) even above €8,000/m². High demand and tight supply lead to a stable, generally rising price trend.
• Housing stock: period buildings dominate: The majority of apartments in 1070 are period apartments. New residential buildings are rare. New apartments are created almost exclusively through rooftop conversions or small infill developments — these few new-build properties are correspondingly exclusive and expensive.
• Urban lifestyle on your doorstep: The 7th district offers first-class urban infrastructure. Shopping opportunities (e.g. on Mariahilfer Straße), gastronomy and cultural offerings are within immediate reach. Public transport connections are excellent, so a car is not necessary in everyday life. These qualities make Neubau a popular residential district — even though you may have to compromise on private green space.
• New apartments in sight: Despite the lack of space, occasional new residential projects are being developed. On the site of the former Sophienspital, around 180 apartments will be built by the end of 2025. Such larger new-build projects are an exception in the Neubau district.

The real estate market in the 7th district is characterized by high demand and scarce supply. Neubau is densely built-up; almost all properties are apartments in multi-unit buildings. Most of the stock consists of charming period apartments, complemented by modern rooftop conversions and a few genuine new-build projects.

The central top location and lively surroundings are reflected in the price: condominiums are well above the Vienna average. Depending on condition and location, apartments in 1070 Vienna typically cost about €5,000 to €7,000 per square meter of living space, with top properties (e.g. luxury penthouses at Spittelberg) costing more.

Since only a few apartments change owners each year, attractive offers are often snapped up quickly. New-build apartments arise only sporadically in this established neighborhood — usually as part of small exclusive projects or through rooftop conversions of existing buildings.

Neubau is characterized by splendid Gründerzeit apartment buildings. Period apartments in such buildings delight with high ceilings, large double doors and classic parquet flooring — a living experience with historic flair. However, these old buildings were not originally equipped with modern conveniences: most lacked an elevator and private balconies were rare.

Many period buildings have now been modernized — elevators added and apartments fitted with contemporary bathrooms and heating systems. As a result, you’ll find in the 7th district renovated period apartments that combine the charm of bygone eras with today’s comfort. Street-facing apartments place you in the middle of urban life, while courtyard-facing apartments often enjoy a pleasantly quiet outlook.

In densely built Neubau, newly created rooftop apartments are highly sought after. Converting attics produces exclusive penthouses above the city roofs with fantastic views.

Such apartments score with bright rooms, large glass fronts and usually at least one terrace or roof loggia as private outdoor space. Typical features include slight roof slopes that create a cozy atmosphere. Luxury rooftop apartments often offer air conditioning, direct elevator access and high-end fittings — but they also command the highest price per m².

New-build apartments in the 7th district are characterized by contemporary fittings and thoughtful layouts. In modern residential buildings, elevators, efficient heating systems and well-insulated windows are standard, which provides high living comfort and a good energy balance.

These apartments often have a balcony or a loggia as private outdoor space. Open-plan kitchens and optimized room layouts are popular, creating a generous living feel even on compact floor areas.

Small apartments with 2 rooms (living room and bedroom) are in high demand in the 7th district. Many singles and couples prefer a compact city apartment in a central location, which is why 2-room layouts make up a large part of the supply. Living space typically ranges around 50 to 60 m².

In new buildings the living space is often designed as an open-plan kitchen, while in period buildings separate kitchen and living room layouts are still common. One bedroom and one bathroom (often plus a separate WC) are usually sufficient for a two-person household.

Lystio tip: 2-room apartments are ideal as a starter home or for renting out, as they are more affordable than larger family apartments.

Neubau is an inner district of Vienna, directly adjacent to the historic center. Due to its central location, transport connections are excellent: the U3 metro line (Volkstheater and Neubaugasse stations) serves the district, several tram and bus lines run through the area, and at the western edge lies the Westbahnhof, an important transport hub (U3, U6, rail). In the future the U2 will also stop at the Neubaugasse junction, further improving connections.

Beyond transport infrastructure, the Neubau district impresses with its vibrant city life and creative flair. Numerous cafés, bars, restaurants and boutiques shape the streetscape. The 7th district is a hotspot for art and culture — home to the MuseumsQuartier as well as several theaters and galleries. The mix of trendy scene and traditional Viennese coziness gives Neubau a special charm and high quality of life.