2 Investment Properties to Buy in Vorarlberg, Bregenz

Buying an apartment building in Bregenz means investing in one of Vorarlberg’s most attractive real estate regions. The city on Lake Constance combines economic strength, high quality of life and stable rental demand – ideal conditions for a high-yield investment. An apartment building provides regular income, long-term appreciation and security through a tangible asset in a steadily growing region.

• Why is an apartment building in Bregenz an attractive investment? An apartment building combines stable rental income with long-term value appreciation in an economically strong and sought-after region. The location on Lake Constance and the proximity to Germany and Switzerland make the site particularly profitable.
• What does a typical apartment building consist of? An apartment building comprises several residential units, often complemented by commercial space on the ground floor. Each unit usually has a kitchen, bathroom and balcony – modern properties also offer elevators, underground parking or communal gardens.
• Where are the best locations for apartment buildings in Bregenz? Highly sought-after are central locations with good infrastructure and proximity to the lakefront. Quieter neighborhoods on the city outskirts also offer potential, especially when plot size and parking are available.
• What returns are possible with an apartment building? Due to high demand for housing, rents are at a solid level. Well-let properties often achieve returns between 3% and 5% annually – with the added protection against inflation that tangible assets provide.
• What should buyers pay attention to when purchasing an apartment building? Location, building fabric and the rental structure are crucial. Those who carefully check condition, rental income and modernization needs lay the foundation for a profitable and future-proof investment.

Simply put, an apartment building is a multi-family or rental building in which several apartments (often 2- to 4-room flats) are combined in one residential complex. The owner generates income from tenants’ rents – hence the term “Zinshaus,” derived from “Zins,” an old word for rent.

The city of Bregenz, with around 30,000 inhabitants and the capital of the state of Vorarlberg, is distinguished by its location on Lake Constance and its proximity to Germany and Switzerland. This location offers a high quality of life and a future-proof economy.

There is therefore continuous demand for housing and land – properties in Bregenz are in demand. An apartment building combines the advantages of a stable, growing region with the potential for long-term value appreciation. For investors, this means: buying an apartment building is a secure strategy to invest wealth in tangible assets and to achieve ongoing rental income. Selling also tends to be profitable in the long term.

An apartment building usually includes several residential units within one complex – often between five and twenty. Each unit typically has its own kitchen and bathroom; most correspond to classic 2- to 4-room apartments. Total floor area can amount to several hundred square meters, complemented by cellar or technical rooms for storage and building services.

Modern or renovated apartment buildings offer numerous amenities that increase living value, for example:

• Balconies, terraces or garden areas for private use
• Elevator (lift) in multi-storey buildings
• Parking options such as outdoor spaces or underground garages
• Communal areas like green spaces or courtyards

These features create quality of life and make the property particularly attractive for tenants.

Location largely determines the rental price and development potential of an apartment building. Particularly sought-after are central locations close to the lake and the city center, where tenants appreciate short distances to shopping, dining and culture.

Suburban areas are also interesting, e.g. along Arlbergstraße or in quieter residential neighborhoods away from main roads. These areas often offer more plot space for parking or gardens and often lower purchase prices.

• Older apartment buildings: Charming architecture, high ceilings, generous rooms, often centrally located. They sometimes require modernizations but offer high rental returns due to their character.
• New apartment buildings: Efficient construction, modern insulation, elevator, underground garage – usually on the city outskirts. Ideal for families or long-term tenants with higher space needs.

• Tradition and term: Apartment buildings have a long tradition in Austria. As early as the 19th century, rental houses were built as capital investments to generate income from rents. The term “Zinshaus” has grown historically and today generally denotes an income-oriented property with multiple units.
• Limited supply: The supply of such properties in Bregenz is limited. There are few of these properties on the market, and available ones are often quickly taken. Those who want to buy a suitable apartment building should be prepared and submit an inquiry quickly when an attractive offer appears.
• Rents and returns: Rents are at a high level – currently around 18 euros per square meter of living space (as of 2025). Due to strong demand, rents continue to rise. For apartment building owners, this means solid return prospects. Fully let apartments in good locations can generate stable rental income that – after deducting costs – often corresponds to a return of about 3–5% annually.
• Diversified income: A major advantage of an apartment building is risk diversification. Because several units pay rent, the loss of a single tenant has less impact. In addition, an apartment building often offers a variety of apartment sizes – from compact 1-room or 2-room units to spacious 4-room apartments – thus appealing to different tenant groups.
• High investment sums: Buying an apartment building generally requires more capital than purchasing individual apartments. In Bregenz, purchase prices often range in the seven-figure euro area depending on size, location and condition. A larger apartment building with about 15–20 units and some commercial units can cost several million euros.