The research and valuation team at Rustler Immobilien has collected and analyzed over 4,600 privately financed apartment transactions in Vienna from the past two years. Compared to 2019, there were just over 10 percent fewer transactions in Vienna in 2020, while prices per square meter rose by an average of 6 percent.

“The decline in transactions was due to the Covid 19 situation, as this had an impact on the construction industry in 2020, which was faced with significant delays in housing projects due to delivery bottlenecks,” reports the author of the analysis Maximilian Kainz from Rustler Research Team.

The largest price increases within the belt were in the districts of Wieden and Margareten, outside the belt it was the districts of Favoriten, Hernals, Währing, Brigittenau and Liesing.

“The price of the condominium market in Vienna continues to develop significantly faster than the rental market. This leads to further falling returns on investment apartments”, adds Alexander Scheuch, Managing Director of Rustler Immobilien.