26,000 Apartments for sale in Vienna – Page 107

• Large price differences depending on location: Condominiums in Vienna cost between roughly 3.500 € and over 10.000 € per square meter, depending on the district. Locations close to the center are more expensive, while on the outskirts you often get more living space for the same price.
• Consider additional incidental costs: In addition to the purchase price, plan for about 10 percent in incidental costs, including real estate transfer tax, land register entry, notary fees and, if applicable, broker’s commission.
• Ownership is scarce and sought after: Only around 20 percent of Viennese households live in owner-occupied housing. The low ownership rate makes condominiums particularly in demand.
• Varied fittings and apartment types: Buyers can choose between charming old buildings and modern new constructions with high-quality fittings. Popular extras include balconies, terraces, underground parking spaces and smart technologies.
• Buying an apartment requires clear planning: The purchase of an apartment takes place in several steps — from the search through financing to the handover of the keys. Good preparation is crucial for a smooth process.

The location of an apartment is one of the most important price and comfort factors in Vienna. The city is divided into 23 districts, offering a wide variety from the historic city center to the green outskirts. Living in the center means being in the middle of the action, surrounded by culture — however, real estate prices are highest here and apartments are often smaller.

On the outskirts, on the other hand, you enjoy more peace and green spaces — and for the same purchase price you usually get a larger apartment (more living or usable space). The proximity to nature and often nice views increase the quality of living there, while good transport connections still get you quickly into the city center.

Important location criteria: Pay attention to infrastructure when choosing. Transport connections are central — a nearby U-Bahn or S-Bahn station greatly increases mobility. Equally important are local supply and shopping opportunities within walking distance. The micro-location also plays a role: Is the street in front of the building quiet or heavily trafficked?

Are there green spaces or parks nearby? Such factors influence quality of life. Each district also has its own character — compare different locations to find your favorite in Vienna.

Condominiums in Vienna are available in all sizes and styles. Small apartments (e.g. a studio) are suitable for singles, while families need more rooms and larger living areas. An important factor is a sensible layout so that the available space is used optimally.

New build or old building: Vienna is characterized by charming old apartments (high ceilings, stucco, parquet) and many modern new builds. New-build apartments offer contemporary comfort — for example elevators, thermal insulation and efficient heating — and usually high-quality fittings.

A first occupancy means that the apartment is brand new and has never been lived in; accordingly, condition and technology are up to date. Old apartments often have a special character, but can have small disadvantages in terms of fittings and energy efficiency (e.g. no lift, higher heating costs).

Fitting features: Typical extras that many buyers pay attention to include:

• Outdoor spaces and view: A balcony, terrace or loggia extends the living space outdoors. In top-floor apartments with long-distance views, large terraces are a highlight — an air conditioner is recommended in summer.
• Elevator and parking: An elevator in the building and a private underground parking space increase living comfort — especially on higher floors or in densely built-up areas.
• Kitchen and interior fittings: An existing fitted kitchen as well as high-quality floors and sanitary facilities save initial investments. Modern new builds often offer extras such as underfloor heating or smart-home technology.

The costs for condominiums in Vienna vary greatly depending on location, size and fittings. Vienna is one of the most expensive real estate locations in Austria. The purchase price is determined primarily by the district and the apartment size.

In central prime locations, prices are often over 10.000 € per square meter of living space. In simpler locations on the outskirts, apartments can sometimes be found from around 3.500–4.500 € per m².

Incidental costs when buying: In addition to the purchase price, a number of one-off incidental costs are incurred:

• Real estate transfer tax: 3,5 % of the purchase price.
• Land registry entry: 1,1 % of the purchase price.
• Notary/lawyer (purchase contract): approx. 1–3 % for contract preparation and escrow handling.
• Broker’s commission: if a broker is involved, approx. 3 % of the purchase price (plus 20 % VAT).

In total, you should roughly expect about 10 % of the purchase price as additional buying costs.

Ongoing costs: After purchasing an apartment, regular operating costs are incurred. These monthly costs for property management, cleaning, insurance, reserves, etc. vary depending on the size and fittings of the property.

These costs are often around 2–3 € per m² of living space per month (e.g. about 150 € per month for 70 m²). In addition, there are individual consumption costs for heating, hot water, electricity, internet, etc.

Buying an apartment should be well prepared. Typically, you go through several steps — from the initial search to the final completion at the notary:

• Property search: The process begins with searching for the right apartment. Set your budget and criteria (desired location, apartment size, building type, etc.) and browse property portals or newspaper ads. You should inquire about interesting properties quickly.
• Viewing: View the apartment on site carefully. Check the floor plan and layout, daylight and any defects or sources of noise. The surroundings and the condition of the building are also important. A second viewing at a different time of day can be helpful.
• Purchase decision and contract: Once you have decided, arrange the financing (equity and bank loan) and negotiate the purchase price with the seller. Then a purchase contract is drawn up and signed. The purchase price is paid into escrow and the notary handles the procedures (land register entry). Afterwards you receive the apartment keys.

• Low ownership rate: Only around 20 % of households in Vienna own their apartment; about 80 % rent. This is the lowest value in Austria — condominiums are therefore scarce and sought after.
• Steady price increases: Vienna property prices have risen steadily in the long term — typical annual increases are about 2–5 %.
• Large price differences by district: Purchase prices vary greatly within the city. In expensive inner districts prices are often over 10.000 € per m², while in some outer districts apartments can sometimes be found from around 3.500 € per m². Location largely determines the price.
• Growing city: Vienna has almost 2 million inhabitants and continues to grow. The steady population growth due to immigration ensures persistently high demand for housing.
• Highest quality of life: Vienna has been voted the most livable city in the world several times. The excellent quality of life — with outstanding infrastructure, culture and many green spaces — also makes Vienna attractive to property buyers.