12,296 New Projects for sale in Vienna – Page 32

• Modern fittings: New-build apartments in Vienna score points with energy-efficient construction, smart-home technology, barrier-free access and almost always a balcony, terrace or loggia.
• Popular districts: Many new builds are being constructed in the 21st district (Floridsdorf) and the 22nd district (Donaustadt, e.g. Seestadt Aspern), where more living space and green areas are available for the same budget.
• Planning & developers: Developers buy plots, design floor plans and fittings, obtain permits and start marketing early – buyers can often have a say in the interior fittings in the early phases.
• Purchase process: New-build apartments are usually sold commission-free directly by the developer. The purchase price is paid in instalments according to construction progress, e.g. 15% at the start of construction, further partial payments during the fit-out and the remainder on handover of the keys.
• Security & advantages: Buyers benefit from the Developer Contracts Act (Bauträgervertragsgesetz, BTVG), warranty periods for construction defects and the fact that no renovations are necessary because everything is new and unused.

New-build projects in Vienna convince with high-quality fittings and contemporary living comfort. In a new apartment you usually benefit from well-thought-out floor plans and bright rooms with large windows. Modern new-build apartments are often designed for high energy efficiency – good insulation, insulated windows and sustainable heating systems such as district heating or heat pumps lower heating costs.

Smart-home technology is also making its way in: from underfloor heating to controllable shading to a video intercom, many features are already installed. Contemporary fittings also include barrier-free access and an elevator in the building, which makes everyday life more comfortable.

Not to be forgotten are the extras: Almost every new apartment in Vienna today has a balcony, a loggia or a terrace, and there are often communal gardens or roof terraces. For motorists, many new-build projects offer an underground garage with parking spaces. You can move in directly after completion without having to worry about renovations in the first years.

Location is a decisive factor when buying property – this also applies to new-build projects in Vienna. Many of the larger new development projects are located in the outer districts, where there is still space for new construction.

Especially in the 22nd district, Donaustadt, and the 21st district (Floridsdorf), new residential complexes are springing up. Modern residential parks with green spaces, family apartments and good transport connections are being created there.

A well-known example is the Seestadt Aspern in Donaustadt – one of the largest urban development projects in Europe, providing new housing for thousands of people. The 23rd district (Liesing) in the south of Vienna is also popular, as it offers a somewhat quieter, green living environment while still providing good access to the city.

In general: The more central the location, the more exclusive and expensive new-build projects are – free spaces are rare there. On the outskirts you usually get more living space for the same budget and live in a greener, quieter environment.

Before you can buy a new-build apartment, developers and planners have already done a lot of preliminary work. In Vienna, developers are the real estate companies that develop and implement a new-build project.

They buy the plot, commission architects to design the apartments and take care of the official permits. Construction only begins when everything is planned on paper. In the planning phase, developers and architects determine the fittings, apartment sizes and the apartment mix – for example how many rooms the apartments have and which extras are planned.

Marketing often starts at this stage: interested parties can find out about planned projects and reserve an apartment early. One advantage of new builds is that buyers can sometimes still have a say in the interior fittings during the early construction phases.

New properties in Vienna are marketed in many ways today. Developers present their new-build projects on online property platforms, in exposés and often on their own project websites. Construction signs on site also draw attention to a residential project under development.

If you want to buy a new-build apartment, you can search specifically for keywords such as new-build project buy Vienna or contact real estate agents and developers who specialize in new builds.

Once you have found a suitable project, a viewing of a show apartment or the construction site usually follows. The purchase contract is concluded directly with the developer and is well protected by the Developer Contracts Act (BTVG). Typically, the purchase price is not paid in one lump sum but in instalments according to construction progress.

For example, about 15% is due at the start of construction, further instalments at the completion of various construction phases (shell, fit-out, etc.) and the remainder only upon handover of the keys after completion. One advantage: many new-build apartments are offered commission-free because they are sold directly by the developer – so you save the agent’s fee.

When purchasing, you should ensure that the contract records all details of the fittings, the completion date and any special requests precisely. After completion, an inspection takes place in which you and the developer check your new home for any defects.

In addition, new builds come with a warranty period (usually several years) in case construction defects appear later. Overall, the path to your own new-build apartment is well plannable: from the first project information to moving in often takes several months or even years, but in the end you get a modern, unused home built to your specifications.