63 Parking to Buy in Vienna

In the Austrian capital parking spaces are scarce, which is why an own garage parking space is valuable for many car owners. Vienna’s dense development and regulated parking shape everyday life: those who want to park their car securely often consider buying their own garage or parking space.

• Scarce commodity: Private garages are rare in Vienna – in top locations more than €100,000 has already been paid for an underground parking space. This scarcity often makes later resale particularly lucrative.
• Investment with return: Garages are considered a secure form of investment with returns of about 4–6 % annually. Demand for rental spaces is consistently high, especially in densely built districts.
• Practical benefits: Your own parking space protects against theft, vandalism and dirt from the weather. It also eliminates the daily search for parking in short-term parking zones.
• Equipment matters: Modern garages offer electric doors, lighting, ventilation and power outlets. In underground garages extras such as wide parking bays or stacker parking systems are decisive.
• Location determines value: Garages near the apartment or in strategic corners with high demand – for example in inner-city short-term parking zones – fetch the highest purchase prices and rents.

In many districts of Vienna there are citywide short-term parking zones, and without a parking permit drivers often find it hard to find a legal parking space. Owning a garage parking space provides relief here – it offers security against theft or vandalism and convenience, as the annoying search for parking is eliminated.

Furthermore, buying a garage also has a long-term value: ownership of a parking space in Vienna is a scarce resource and can therefore also be seen as an investment. Demand for private garages is steadily increasing, particularly in sought-after residential areas.

For many apartment hunters an assigned underground parking space is now part of the decision criteria, which can increase the value of a property.

Not all garages are the same – depending on construction and equipment there are big differences that should be considered when buying.

A central feature is the garage door. Modern garages have electric doors with remote control, which makes entering comfortable. Safety also plays a role: sturdy doors, burglar-resistant locks and, if applicable, video surveillance increase protection for the vehicle and its contents.

The construction method of a garage determines durability and maintenance effort. Masonry single garages are robust and insulate well against the weather, while prefabricated garages made of concrete or metal can be erected quickly and are often more economical.

In urban areas of Vienna many parking spaces are part of underground garages in residential complexes. An underground garage offers the advantage that the car is protected from snow, ice and summer heat.

However, you should pay attention to adequate lighting and ventilation – good infrastructure inside the garage (power outlet, ventilation, possibly a charging station for electric cars) is almost standard today.

Garage parking spaces in communal facilities also differ in equipment. Some underground parking spaces have wide parking bays and level driveways, while others are only accessible via a lift (stacker parking).

In Vienna the price and usefulness of a garage vary greatly depending on location. Central inner-city locations such as around Belvederegasse are particularly attractive, as parking is in short supply there and there is excellent Connection to the transport network. In such areas a private parking space can be indispensable.

On the outskirts the parking pressure is lower, but commuters still appreciate garages near train stations or major arterial roads. Good local infrastructure – from public transport to shopping facilities – increases the attractiveness of a location for buying a garage.

Various types of properties are available when buying a garage. Classic is the detached single garage on its own plot or in the courtyard of an apartment building. In addition there are underground parking spaces in modern residential complexes or office buildings, which are often sold individually as ownership units.

The possible uses of a purchased garage are not limited to your own car. Many buyers in Vienna also see garages as a capital investment: a parking space can be rented out and generates monthly income. Depending on purchase price and location, the return can be attractive – in particular underground parking spaces in the city centre are in regular demand at high rents. However, as an investor you should consider the ongoing operating costs.

For personal use the practical benefits matter most: short distances from car to apartment, dry and secure storage of the vehicle and possibly the option to use the garage additionally as storage space.

Here the area plays a role: standard parking spaces are about 12 to 15 m² in size, sufficient for a car. Larger garages offer space for two cars (parking spaces) or additional storage – ideal for families with more than one vehicle or for hobby needs.

In Vienna extreme prices are achieved for garage parking spaces depending on location. In top locations more than €100,000 has already been paid for a single underground parking space – an indication of how rare private parking areas are in the city.

The number of passenger cars in Vienna is high: around 700,000 cars are registered in Vienna. This means that parking spaces, especially in the evenings and in densely populated neighborhoods, are scarce. An own garage space therefore represents a large gain in quality of life through time savings and peace of mind.

Garages as an investment: parking spaces are often regarded as a safe capital investment. Due to relatively low purchase prices and consistently high demand, annual returns of about 4–6 % are not uncommon if you rent out a garage. This makes garages interesting for investors.