BUY INSOLVENCY PROPERTY
WHAT IS INSOLVENCY REAL ESTATE ALL ABOUT?
The purchase of a property from insolvency involves a property belonging to an insolvent debtor. If a real estate company becomes insolvent, the insolvency administrator takes over the administration and sale of the assets in order to satisfy creditors. The administrator, usually a specialist lawyer, is responsible for the sales process and must achieve the best possible price. Creditors themselves can also influence the process. Insolvent properties are sold in two ways: via a so-called forced sale and, more frequently,by private treaty, i.e. to private buyers as normal. In this article, we take a look at the sale of insolvency properties by private treaty in Austria and the most important points to bear in mind.
HOW DOES IT WORK?
Valuation & expert opinion: The valuation is carried out by a court-appointed expert. A professional valuation is essential for a fair payment to creditors. They use various methods, such as the comparative value, income value or asset value of a property, all packed into a report that is usually 30 to 100 pages long. Important: The estimated price is also the lower limit or minimum price below which the property should/may not be sold. If a purchase offer were to be made below this estimated price, this would give rise to the suspicion that the assets were being squandered, which the insolvency administrator and court should of course not expose themselves to. In addition, this price creates transparency and trust among all parties involved.
Sale & offer: The sale begins with the appraisal, which is published (https://edikte.justiz.gv.at/) and can be viewed by anyone. However, insolvency administrators and surveyors are not available to answer questions about the property. I have personally experienced how some people have tried to view the property privately but have not received any further detailed information or answers to their questions. It is therefore advisable to go through an estate agent who specializes in insolvency properties, perhaps even has a legal background themselves, and who knows the process inside out and can provide you with massive support. Once you have decided on a property after careful examination, you can submit an offer to the insolvency administrator. Some require specific conditions for submitting an offer, such as the commitment period, while some insolvency administrators are more flexible.
Award & settlement: Ideally, you are the only bidder and the seller wins the bid. If there are several bidders in the running, the insolvency administrator has the option of either setting a deadline by which all bidders can submit a further bid or inviting the bidders to a court hearing where a bidding process takes place. Once the bid has been accepted, the purchase agreement is deemed to have been concluded. The buyer must then submit a purchase contract, which is agreed with the seller, and then transfer the purchase price to an escrow account held by the administrator. The final step is to go to the insolvency court, which still has to approve the purchase agreement. If the purchase price achieved is at or above the estimated value, you will usually receive this court approval without any problems. A practical tip at this point: Because the insolvency administrator's commitment to the purchase offer is already fully valid and court approval only postpones its validity, so to speak, it can make tactical sense to submit a commitment period for your own purchase offer that is as short as possible. If the trustee in bankruptcy then agrees, you may have beaten out other bidders who do not manage to submit their own purchase offer by the end of the commitment period. So time is of the essence here. Important note: Even after the purchase agreement has been concluded with the insolvency administrator, it is still possible to submit a higher offer before the court approves it. This makes it all the more important to act quickly with the help of a specialized real estate expert (like us).
DISADVANTAGES & RISKS
Overlooked defects: due to hasty purchase decision
Lack of warranty: Exclusion of warranty, no liability, as no assets available
Complexity of insolvency proceedings:
1. communication with the insolvency administrator is more complex, as he is not specialized in sales and can hardly provide any information. They usually only refer to the valuation report of the court expert. Other documents are usually not available, so communication and documentation on the property are too poor for most interested parties and professional support should be sought.
2. waiting period until the final approval of the purchase contract by the court;
3. no trustee - prepayment obligation without a trustee is unusual, but you pay into a separate trust account of the trustee in bankruptcy
Financing problems: no financing proviso, financing commitment must be in place
VAT: In the case of property developer bankruptcies, it can happen that a property is then sold with VAT. This must be taken into account when submitting the purchase offer.
ADVANTAGES & OPPORTUNITIES
Properties at or below market value: Why? The appraisal represents a general market value, but often does not include all aspects relevant to the purchase, as many appraisals often do not take into account factors such as micro-location, furnishing details or energy efficiency. In addition, many appraisals are prepared as so-called desk appraisals, without an on-site inspection of the actual property. And there may well be attractive estimates in terms of price. Here, too, it is important to consult a real estate expert or estate agent who can at least provide a second estimate of the property so that you don't buy too expensively.
Lower risks for the seller: A purchase from a bankruptcy estate typically involves considerably lower risks for the buyer than a purchase from a private or commercial owner, whose financial situation, reliability and dependability are often difficult to assess. In any case, a purchase from the liquidator eliminates the risk that the property will be sold several times or otherwise encumbered with a lien.
Deletion of liens / mortgages: Transferring the purchase price to a bankruptcy account also ensures that the purchase price is used to satisfy the bankruptcy creditors at a later date, which ultimately also results in the deletion of the liens and mortgages.
Sale for financial reasons: Conversely, this means that the probability of selling due to structural defects is lower in the case of insolvencies. Nevertheless, this does not exempt you from taking a very close look at a property, including its construction.
Lower ancillary costs: 1. since the insolvency administrator himself is the trustee of the insolvency estate and therefore no extra trustee is required, there are no trustee costs. 2. if you buy without the help of a real estate expert or broker, their fees are eliminated.
COMPARISON INSOLVENCY VS. PRIVATE PURCHASE
SUMMARY & RECOMMENDATION
There are often opportunities when buying insolvent properties, but there are also risks. Appraisals set a minimum price, but hidden defects and complicated processes are possible. It is therefore advisable to seek advice and support from an expert when buying insolvent properties - from gathering information, viewing, appraising and assessing the advantages and disadvantages of a property to communicating with the insolvency administrator.
So, despite the greater complexity, which a professional estate agent more or less offsets for a potential buyer, the purchase of such a property can be a worthwhile acquisition if approached correctly.
There are other aspects to the whole topic and some additional tips that I would be happy to discuss with you in a personal meeting. If you have any questions or need advice, my team and I will be happy to help you anywhere in Austria!
Any questions ?
Dr.iur. Andreas Bonschak, LL.M.
Assessing the price of an apartment house correctly
In a series of articles, we provide tips and considerations for those who want to or need to sell their apartment house or rental house, i.e. a multi-family house, or are basically considering such a thing. Even though we are real estate trustees in Austria, our tips apply generally in German-speaking countries for anyone selling an apartment building.
It should also be noted that we also offer a free initial consultation on the topics presented.
How to correctly assess the value of your apartment building and achieve the best sales price
Are you unsure how much your apartment building is really worth? Many owners ask themselves how they can achieve the maximum selling price for their property. An accurate estimate is essential for sellers to be sure that they are getting the most out of their sale.
Challenges in pricing
Valuing an apartment building is a complex task that takes into account both objective and subjective factors. To carry out your own price analysis, you could:
Research similar real estate offers in your area on online platforms
Obtain non-binding price information from real estate agents
Researching purchase transactions in the land register
However, many sellers find this process challenging as the research effort is high and the available data is often not transparent. Many properties are not listed online, especially those that are harder to sell and tend to fetch lower prices.
Tip
To obtain reliable results, it is advisable to consult an expert. A professional who is familiar with the apartment building market segment can analyze your property in detail. This includes assessing the location, condition and potential of the property and comparing it with recent transactions in the area.
Our offer at SUNSET IMMOBILIEN: We at SUNSET IMMOBILIEN offer you this expert service free of charge and without obligation. Contact us to receive a well-founded assessment of your apartment building and secure the best sales price.
Or would you first like some non-binding and free advice on your apartment building? For example, to assess the value of your property?
How to market an apartment house professionally
Tip: How to market an apartment house professionally
In a series of articles, we provide tips and considerations for those who want to or need to sell their apartment house or rental house, i.e. a multi-family house, or are basically considering such a thing. Even though we are real estate trustees in Austria, our tips apply generally in German-speaking countries for anyone selling an apartment building.
It should also be noted that we also offer a free initial consultation on the topics presented.
How you can best market your apartment building professionally
Introduction
The sale of an apartment building is quite a big decision in the life of an owner. This makes it all the more advisable to have an expert at your side. We support our clients with our detailed knowledge, network and profound market expertise. And last but not least with our passion for real estate and apartment buildings in particular.
The possibilities at a glance
When buying real estate, and this is not much different with interest and rental houses, it is always about emotions in addition to the objective facts such as size, location, equipment. A prospective buyer's first impression of the house is decisive for his willingness to buy and his decision-making process. Just like us, you as a seller should also pay attention to a convincing appearance of your property, such as clean access paths and staircases, well-kept exterior surfaces, doors, ceilings, walls.
Visualization for construction projects
Digital marketing
Today, it is essential to offer a whole arsenal of digital marketing:
professional exposé and photos
Own website for the property
Wrap-around videos and 360-degree virtual tours
Home staging
You can also find out more about our digital marketing offering here '
Tip
It is highly recommended to have your property put in perspective by a professional. Our service for apartment buildings, for example, includes all the above-mentioned marketing tools at no extra charge.
Would you like to receive free, non-binding advice on your apartment building?
Then simply contact us.
How to find suitable buyers for your apartment building
Tip on how best to find suitable buyers and interested parties for your apartment house or multi-family house
In a series of articles, we provide tips and considerations for those who want to or need to sell their apartment house or rental house, i.e. a multi-family house, or are basically considering such a thing. Even though we are real estate trustees in Austria, our tips apply generally in German-speaking countries for anyone selling an apartment building.
It should also be noted that we also offer a free initial consultation on the topics presented.
How to find suitable buyers for your apartment building
The (theoretically) easiest way
The simplest thing is: you find a buyer in your own circle of acquaintances who will pay you a good price. What is an objectively good price can be provided by an expert evaluation - as explained in one of our previous episodes.
The usual way
Usually, potential buyers have to be found externally in the market. And these are typically wealthy individuals and families, professional investors, foundations and companies. We deal with this wealthy clientele on a daily basis, and many of them are also regularly interested in apartment buildings and rental houses as investments. We can therefore put you in touch with potential buyers. In addition, we screen prospective buyers, so you don't run the risk of "real estate tourists" or dubious prospective buyers looking at your property.
Apartment house online?
You should not simply put the house online on one or even several real estate platforms. Firstly, you will receive countless enquiries from brokers and questionable prospective buyers with unclear creditworthiness. Secondly, interest and rental houses that are put online are considered "second choice" properties that could not be sold "offmarket" before and had to be put online now.
Tip
Make absolutely sure that the offer of your property is first placed discreetly in the right groups of buyers. And not placed online, at least not initially. We at SUNSET IMMOBILIEN can support you in reaching the right clientele or potential buyers.
Would you like to receive free, non-binding advice on your apartment building?
Then simply contact us.
Sell or keep an apartment building?
In a series of articles, we provide tips and considerations for those who want to or need to sell their apartment house or rental house, i.e. a multi-family house, or are basically considering such a thing. Even though we are real estate trustees in Austria, our tips apply generally in German-speaking countries for anyone selling an apartment building.
It should also be noted that we also offer a free initial consultation on the topics presented.
Sell or keep an apartment building?
In our blog series, we offer valuable tips and considerations for owners who are considering selling or keeping their apartment building. Our expertise as real estate trustees in Austria informs every piece of advice we give - and this applies not only to Austria or your apartment building in Vienna, but to the entire German-speaking region. Whether you want or need to sell an apartment building, we will support you with our in-depth knowledge.
Selling an apartment building: Reasons and possibilities
There are many reasons to sell an apartment building or rental house: from personal life changes such as divorce or inheritance to financial bottlenecks or the desire to retire from management. Selling an apartment building in Vienna can provide relief, as the operation is often costly and time-consuming, including refurbishment, loss of rent, and extensive administrative work.
On the other hand, selling an apartment building is not always the best option. Apartment buildings, especially historic buildings, can be a stable investment, especially in uncertain economic times. Many tasks can be outsourced to specialized service providers, allowing you to continue to benefit from the increase in value.
Flexible sales strategies for your apartment building in Vienna
Partial sale: Sell parts of the house, keep your own apartment or offer it for rent. This requires the establishment of condominium ownership and a clear regulation of future costs.
Right of residence: A permanent right of residence entered in the land register secures you lifelong living without further costs.
These considerations show: Careful planning and advice are crucial. Our experts for the sale of apartment buildings and rental houses in Vienna are on hand to help you make the best decision.
Our customized service on site: Sell your apartment building in Vienna in Vienna
Would you like to find out more or take advantage of a free initial consultation on the sale of your apartment building in Vienna? Contact us today and secure professional support for the sale of your apartment building in Vienna.
Or would you like some free, no-obligation advice on your apartment building? Or would you like an estimate of the value of your apartment building?
Then simply contact us.
Innovation in the real estate market - transparent flat-rate prices for real estate sales
Innovation in the real estate market: flat-rate prices for property sellers
The problem
As cost-consciousness and fairness increasingly come into focus, the traditional commission model in the real estate market poses a growing challenge for many sellers. The common practice of charging estate agent commissions based on a percentage of the sale price can be a significant financial burden, especially for owners of expensive properties. However, an innovation is on the horizon: the transparent flat fee model. This model promises to revolutionize the way properties are brokered for sellers by offering a fair, transparent and, above all, cost-effective solution.
Comparison of brokerage costs
Traditionally, the estate agent's commission for the seller is calculated as a percentage of the sale price of their property, which (in Austria) is up to 3.6% (including VAT). This fee can be disproportionately high for sellers of high-priced properties, especially if the actual expenses incurred by the estate agent do not necessarily correlate with the value of the property.
In other words, why should an estate agent earn significantly more for the sale of, say, an apartment worth EUR 1 million than for an apartment worth EUR 300,000 if the effort involved is similar?
The solution
To counteract this injustice, SUNSET IMMOBILIEN is once again an industry innovator and now offers models where fixed flat rates are charged regardless of the selling price. These models vary in their services and prices, allowing sellers to choose based on their specific needs and budgets.
Source: www.sunset.immo/pauschalpreis
The advantages of the all-inclusive price model
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Salespeople can clearly calculate the costs in advance and do not have to worry about unexpectedly high commissions. This makes financial planning and budgeting much easier.
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Every seller pays the same price for the same service, regardless of the value of their property. This promotes fair and ethical business practices.
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Brokers are motivated to provide the best possible service as they are not looking for a (higher) Povision base. This can lead to a higher level of commitment and a better quality of service.
How does the flat-rate pricing model work in practice?
The all-inclusive price model is simple. We offer various packages that include different services:
At the end
The real estate market faces many challenges, including the need for greater transparency and fairness. The flat fee model directly addresses these issues and offers a modern solution that benefits both sellers and agents.
It also reflects a cultural shift towards greater customer focus and service quality in the real estate industry - for a fairer and more efficient market that ultimately benefits all stakeholders.
Costs of selling real estate in Austria
Essential costs when selling real estate in Austria: A comprehensive guide for sellers
What are the costs of selling a property in Austria?
In principle, in Austria the main burden of the additional costs when buying/selling real estate, and that is about 10% of the purchase price, is borne by the BUYER and not the seller. We will now go through which costs typically affect the seller and which are negotiable:
Broker commission
Costs: 3.6% of the purchase price incl. VAT; negotiable.
Important: Only due on sale. Includes services such as price estimation, advertisements, customer inquiries, viewing appointments.
Details: If you commission an estate agent with the sale, you will normally be charged 3.6% of the purchase price including VAT. This is a matter of negotiation and many estate agents will be a little more accommodating in terms of price. Important: This commission is only paid in the event of a successful sale and covers all the estate agent's expenses and work such as price estimates, advertisements, customer/prospective buyer inquiries, viewing appointments, etc.
Energy certificate
Costs: From approx. 200 EURO.
Important: Must be presented in the advertisement or before the purchase contract is concluded. Normally paid by the seller, but can be passed on to the buyer by contract.
Details: You must actually hand over the energy certificate to the buyer in the advertisement or at the latest before the purchase contract is concluded. The costs for the energy certificate vary widely. However, some can be ordered on the Internet from around 200 EURO. These costs are usually borne by the seller. However, the purchase contract may stipulate that the costs must be reimbursed by the buyer or these costs may simply be included in the purchase price.
Purchase contract obligations
Costs: Variable depending on obligations (repairs, clearing out, decluttering).
Tip: Costs usually deducted from the purchase price; seller typically responsible.
Details: If you commit to improvements, repairs or clearing out and decluttering in the purchase contract, the costs will of course be incurred. However, these are usually simply deducted from the purchase price so that the buyer is responsible for all repairs. In practice, it is advisable to stipulate in the contract what is to remain or be removed and who will bear the costs (typically the seller), especially for clearing out and decluttering.
Notary and purchase contract
Costs: Notary, trustee, drawing up the purchase agreement.
Common: Escrow costs are often split between buyer and seller.
Details: The costs for the notary, trustee and drawing up the purchase contract can be passed on to the buyer by contract. However, it is common for the escrow costs to be split equally in the amount of a few hundred euros.
Real estate transfer tax
Note: Is usually paid by the buyer and is therefore not incurred by the seller.
Real estate income tax
Costs: 30% of the gain achieved; with exceptions.
Exception: No tax for main residence or reduced tax for properties acquired before 2002
Details: This tax is generally 30% of the gain realized. However, there are some exceptions and exemptions: The most important of these is if you have registered your main residence in the property sold for 5 years continuously in the last 10 years or 2 years continuously from the purchase of the property, then this tax does not apply. In addition, a reduced tax rate of only 4.2% of the purchase price applies to properties purchased before 2002.
Release from encumbrances in the land register
Costs: A few hundred EURO for the deletion of existing mortgages.
Responsible: Usually to be borne by the seller.
Details: For the deletion of existing mortgages on a loan by a trustee, costs of a few hundred euros are incurred. These are to be paid by the seller, as they are to be carried out in his interest.
Mortgage loan
Possible: Extra costs for early loan termination.
Tip: Consider whether a loan termination can be avoided in order to avoid additional costs.
Details: If you have taken out a fixed-interest loan or fixed-rate loan and have encumbered the property with a mortgage, you may have to expect extra costs for the early termination of the loan. The financing bank may charge a so-called early repayment penalty if it has suffered a loss of interest due to the early termination of the loan.
Our tip: You should therefore consider foregoing a loan repayment, which incurs additional costs and does not result in a higher sales price. Instead, use the loan for the next property to be financed after the property sale.
Every real estate sale is unique and requires an individual approach. For comprehensive advice tailored to your specific case, I recommend that you contact us.
Disclaimer: Please note that the information provided here does not constitute legal advice and I assume no liability for the accuracy, completeness or timeliness of this information.
Selling a house - with right of residence
Discover in our latest video how you can sell your home while retaining a lifelong right of residence. Interesting for owners who are looking for financial flexibility without having to give up their familiar surroundings. We highlight the key benefits, challenges and legal aspects to consider.
Please contact us for further information and individual advice.
The end of the AirBnB business model in Vienna?
Austria's vibrant capital, known for its cultural diversity and historical significance, is about to undergo a significant change in the real estate world. Vienna's building regulations have undergone an overhaul that will come into force on July 1, 2024 and is particularly important for commercial landlords. This change aims to significantly transform the landscape of short-term rentals, especially models such as AirBnB.
The answer to the question in the title is therefore "YES": for commercial landlords such as apartment building owners, foundations and larger family estates, the model of renting out all or the majority of a building in the short term is therefore probably obsolete. Private landlords (of individual apartments) will have to apply for a permit in future, but this will be approved if the following conditions are met:
Restrictions for short-term rentals
The new regulation stipulates that the permissibility of short-term rentals - a practice made popular by platforms such as AirBnB - is now subject to stricter conditions. From July 2024, such rentals outside of residential zones will only be possible with an exceptional permit. This permit will be issued under the following conditions
Location of the dwelling: The dwelling in question must not be located in a residential zone or in areas such as "grassland - recreation area - allotment garden area" or on land temporarily used for allotment gardening.
Financing: No housing subsidies may have been used for the construction of the apartment.
Residential use in the building: The majority of the apartments in the building in question must continue to be used for residential purposes.
Commercial use limit: No more than 50% of the building's usage units may be used for commercial purposes for short-term accommodation.
In addition to the public law permit, it is important to note that the permissibility of short-term rentals also depends on private law requirements, such as the condominium agreement or the rental agreement.
Impacts and adaptation strategies
This change poses a significant challenge for commercial landlords. Many have relied on the AirBnB model to maximize their income or have specialized in this segment as property developers. It is now time to adapt business strategies and develop alternative use concepts for real estate. Possible adaptation strategies could be ...
to only search for individual apartments or floors of apartments and put them together in a portfolio so as not to exceed the above-mentioned hurdles.
to switch to renting larger premium/luxury apartments, because many high-income earners cannot afford to own, but can afford to rent, and where the rent cap of the Rent Act does not apply (currently and probably also in the future), and therefore good returns can be achieved
Alternatively, invest in financial investments such as high-yield bonds or equity funds, which yield higher returns than Viennese real estate
Conclusion
The amendment to Vienna's building regulations is a clear sign that the city administration is taking the long-term quality of housing and the protection of residential zones seriously. Commercial developers and landlords of affected properties must now adapt to changing market conditions and proactively look for alternative solutions as outlined above.
This article provides an overview of the upcoming changes to the Vienna Building Code and their impact on the short-term rental business model. It is recommended that you seek further information and professional and legal advice to make the best possible decisions for your real estate investments.
The districts of Vienna from a real estate point of view
Learn more about the unique characteristics of all of Vienna's districts and how our extensive expertise and knowledge of local real estate prices can help you achieve the best selling price for your property. Take advantage of our free property valuation service and take the first step to realizing the full potential of your property in Vienna, regardless of the district.
Buy property in Vienna
Vienna offers a diverse and vibrant residential landscape, ranging from the quiet and green atmosphere of districts like Liesing to vibrant and culturally rich districts like the Inner City. Each district has its own personality and offers a wide range of properties, from single-family homes to stylish apartments. Good transport links and proximity to various leisure facilities make each district attractive in its own way.
As an experienced real estate agent, SUNSET IMMOBILIEN is here to help you find the perfect property for you in one of Vienna's districts. With our extensive knowledge of the market and professional approach, we can take into account your individual requirements and needs and present you with the best options. Contact us for a personal consultation and let's find your dream property in Vienna together.
Still searching? Send us your search criteria here '
Free valuation of your property in Vienna
Take advantage of our free property valuation service for your district and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional real estate appraisal is more than just a number.
It is a strategic tool that helps you set the optimal selling price to get the maximum return from your sale. It gives you security and confidence in your pricing and strengthens your negotiating position with potential buyers.
In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in your district of Vienna.
You want to sell your house or land or villa or apartment?
Sell your property in Vienna at the best price and benefit from our extensive expertise and knowledge of prices in the area. As a renowned real estate agent, we offer a customized service and accompany you professionally through the entire sales process. With our profound understanding of the market, we position your property optimally and reach the right buyers.
We can then work together to get the best price for your property. You can find out more about our services for real estate sellers here:
The broker for your real estate business in Vienna
Contact us today for a personal consultation for your property in Vienna. Act now and take the first step towards a successful real estate purchase or sale.
Call us or fill out our online contact form to schedule a no-obligation consultation.
Real Estate in 1230 Vienna | Liesing - Idyllic living in the south of Vienna
Learn more about the unique characteristics of the Liesing district and how our extensive expertise and knowledge of local real estate prices can help you achieve the best selling price for your property. Take advantage of our free property valuation service and take the first step to realizing the full potential of your property in 1230 Vienna.
Description and location 1230 Vienna - Liesing
Liesing, the 23rd district, is located in the southwest of Vienna and impresses with its green surroundings and high quality of life. The district offers a pleasant residential atmosphere with single-family homes, quiet residential neighborhoods and plenty of green space. The Lainzer Tiergarten, an extensive nature reserve, offers a variety of hiking trails and nature experiences. The district also has a good infrastructure with shopping centers, stores and restaurants along Breitenfurter Straße and Liesinger Hauptstraße. Liesing is well connected to public transportation and offers quick access to the city center. The district is an attractive place to live for people looking for nature experiences, a quiet environment and a high quality of life.
Key figures
Population: 110,000
Area: approx. 32 km2
Green areas: 30%
Existing residential units: approx. 47,700
Purchase prices 2022/3: 3,900 - 6,300 € per m2
Net income new rentals: approx. 14.5 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the Liesing district
Liesing was created in 1938 as Vienna's 25th municipal district through the merger of several previously independent municipalities and has existed in its current, reduced form since 1954/56. The eight parts of Liesing were thereby added to the political district of Hietzing, which at that time was still located outside the city of Vienna. When the north of this district was incorporated into Vienna as the 13th Municipal District of Hietzing, a decree of the Ministry of the Interior, effective as of 1892, provided for the establishment of a new Political District of Hietzing Umgebung. Hietzing Umgebung consisted of the villages in today's municipal district of Liesing as well as Perchtoldsdorf, Purkersdorf and Vösendorf, among others. In 1904, the Liesing judicial district was created, which initially comprised all districts of the present municipal district with the exception of Kalksburg, Mauer and Rodaun and also included Vösendorf. This measure was another significant preliminary step towards the establishment of a Viennese municipal district under the name of Liesing.
Source: Wikipedia
Property for sale in 1230 Vienna - Liesing
Liesing offers a quiet and green residential atmosphere on the southern outskirts of Vienna. The district has a variety of properties, from single-family homes to stylish apartments. The good transport links and proximity to the Vienna Woods make Liesing an attractive place to live for those seeking nature and tranquility.
As an experienced real estate agent, SUNSET IMMOBILIEN is here to help you find the perfect property in the Liesing district for you. With our extensive knowledge of the market and professional approach, we can take your individual requirements and needs into consideration and present you with the best options. Contact us for a personal consultation and let's find your dream property in 1230 Vienna together.
Still searching? Send us your search criteria here '
Free valuation of your property in 1230 Vienna
Take advantage of our free property valuation service for your Liesing district and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
It is a strategic tool that helps you set the optimal selling price to get the maximum return from your sale. It gives you security and confidence in your pricing and strengthens your negotiating position with potential buyers.
In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in 1230 Vienna.
You want to sell your house or property or your villa or apartment in 1230 Vienna - Liesing?
Sell your property in Liesing at the best price and benefit from our extensive expertise and knowledge of prices in the area. As a renowned real estate agent, we offer a customized service and accompany you professionally through the entire sales process. With our profound understanding of the market, we position your property optimally and reach the right buyers.
We can then work together to get the best price for your property. You can find out more about our services for real estate sellers here:
The real estate agent for your real estate business in 1230 Vienna - Liesing
Contact us today for a personal consultation for your property in 1230 Vienna. Act now and take the first step towards a successful real estate purchase or sale.
Call us or fill out our online contact form to schedule a no-obligation consultation.
Real estate in 1220 Vienna | Donaustadt - Big city flair on the waterfront
Learn more about the unique characteristics of the Donaustadt district and how our extensive expertise and knowledge of local real estate prices can help you achieve the best selling price for your property. Take advantage of our free property valuation service and take the first step towards realizing the full potential of your property in 1220 Vienna.
Description and location 1220 Vienna - Donaustadt
Donaustadt, the 22nd district, is located in the east of Vienna and impresses with its attractive waterfront location and modern residential areas. The district offers a variety of properties, from stylish apartments to spacious family homes. The Danube Island is a popular recreational area with numerous leisure activities such as cycling, sailing and swimming. Donaupark is a large park with an impressive observation tower and offers panoramic views of the city. Uno City, the headquarters of the United Nations in Vienna, is also located in Donaustadt. The district offers a good infrastructure with shopping centers, stores and restaurants along Wagramer Straße and Donauzentrumstraße. Donaustadt is well connected to public transportation and offers quick access to the city center. The district is an attractive place to live for people who appreciate the proximity to the water, modern residential areas and a good infrastructure.
Key figures
Population: 187,000
Area: approx. 102 km2
Green areas: 55%
Existing residential units: approx. 86,200
Purchase prices 2022/3: 4,000 - 5,400 € per m2
Net income new rentals: approx. 14.3 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district Donaustadt
Donaustadt has existed in its present form since 1954 and is located in the east of the city. The history of the district is characterized by different phases of development. Before 1904, the area was mainly used for agriculture. After the Danube regulation in the 1870s, the area was made usable for construction. In 1904, the district was incorporated into Vienna as the 21st district. In 1938, during the Nazi period, the district was restructured and established as the 22nd district, Groß-Enzersdorf.
Source: Wikipedia
Property for sale in 1220 Vienna - Donaustadt
Donaustadt is characterized by its attractive waterfront location and its modern residential neighborhoods. Here you can find a variety of properties, from stylish apartments to spacious family homes. The proximity to the Danube Island and the good infrastructure make Donaustadt an attractive place to live for various target groups.
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Real Estate in 1210 Vienna | Floridsdorf - Family-friendly living in the north
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Description and location 1210 Vienna - Floridsdorf
Floridsdorf, the 21st district, is located in the northeast of Vienna and offers a pleasant mix of urban comfort and green residential areas. The district has a variety of properties, from single-family homes to modern residential complexes. Floridsdorf offers a good infrastructure with shopping centers, stores and restaurants along Floridsdorfer Hauptstraße and Donauzentrumstraße. The Danube Island, a popular recreational area, offers a variety of outdoor activities such as cycling, running and water sports. The district also offers good transport links with several subway lines and bus connections. Floridsdorf is an attractive place to live for people who appreciate urban comfort and green spaces in equal measure.
Key figures
Population: 162,000
Area: approx. 44 km2
Green areas: 40%
Existing residential units: approx. 78,100
Purchase prices 2022/3: 3,400 - 5,700 € per m2
Net income new rentals: approx. 13.3 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district Floridsdorf
Floridsdorf was founded in 1904 by incorporating the town of Floridsdorf and some surrounding villages. Some of these villages later changed to the 22nd district Donaustadt. The first settlements in this area occurred in the Younger Stone Age (about 4000 to 2000 BC). Throughout history, the area was settled by various peoples, including Celts, Romans, Lombards, Avars and Slavs. In 1014, the Floridsdorf district of Jedlesee was first mentioned in a document. Industrialization in the 19th century and the First Vienna Danube Regulation in the 1870s contributed significantly to the development of Floridsdorf. The Danube regulation not only enabled a stronger connection of Floridsdorf to the city of Vienna, but also growth through the creation of new, flood-proof building land. Floridsdorf was incorporated into the city of Vienna in 1905 and has since formed the 21st district. At that time, the district included Floridsdorf with the villages Jedlesee, Großjedlersdorf, Donaufeld, Leopoldau, Kagran, Hirschstetten, Stadlau and Aspern.
Source: Wikipedia
Property for sale in 1210 Vienna - Floridsdorf
Floridsdorf offers a pleasant mix of urban comfort and green residential areas. The district has a variety of properties, from single-family homes to modern residential complexes. Good public transport connections and proximity to recreational areas make Floridsdorf an attractive place to live.
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Free valuation of your property in 1210 Vienna
Take advantage of our free property valuation service for your Floridsdorf district and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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Real Estate in 1200 Vienna | Brigittenau - Diversity between Augarten and Danube Canal
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Description and location 1200 Vienna - Brigittenau
Brigittenau, the 20th district, is located in the northeast of Vienna and offers a variety of real estate options, from modern apartments to traditional old buildings. The district has experienced an upswing in recent years and has become an up-and-coming residential area with potential. The proximity to the Danube and the numerous recreational opportunities make Brigittenau attractive for nature lovers and sports enthusiasts. The Millennium Tower, one of Vienna's tallest buildings, is a landmark in the district and houses offices, stores and a shopping center. Millennium City offers a wide range of entertainment options, including cinemas, restaurants and a fitness center. Brigittenau also offers good transportation links with the U6 subway line and several bus lines. The district is an up-and-coming residential area for people seeking diversity, easy access to the city center and modern living options.
Key figures
Population: 87,000
Area: approx. 6 km2
Green areas: 9%
Existing residential units: approx. 43,100
Purchase prices 2022/3: 3,700 - 6,700 € per m2
Net income new rentals: approx. 14.5 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district Brigittenau
Brigittenau was largely developed on the new land gained by the Vienna Danube regulation of 1868-1875. Brigittenau has no distinctive historical center and was part of Vienna's 2nd municipal district, Leopoldstadt, from 1850 until it was separated from it in 1900. The first known owners of this area were the Babenbergs in the 11th century. The area was given by Leopold III around 1096 to the monastery of St. Maria Nivenburg (today's Klosterneuburg Abbey), which he founded. The first settlers were fishermen, hunters and woodcutters. Later, gardeners and innkeepers also settled here. In the course of the First Viennese Turkish Siege in 1529 there were heavy battles on the territory of the then Danube islands. Also during the Second Vienna Turkish Siege in 1683, the Wolf's Lair and the area of today's Peace Bridge were fiercely fought over. During the Thirty Years' War, the Swedish army under Lennart Torstensson captured the Wolf's Lair on April 9, 1645. Imperial troops recaptured the area in a four-day battle at what is now Brigitta Chapel. Another major flood in 1862 led to concrete planning for the regulation of the Danube in Vienna: construction of the extensive regulation measures began in 1870, as did the construction of the Northwest Railway Station on the site of the former "Universum" near today's Tabor.
Source: Wikipedia
Property for sale in 1200 Vienna - Brigittenau
Brigittenau offers a variety of real estate, from modern apartments to traditional old buildings. The district scores with its proximity to the Danube and the numerous recreational opportunities. An up-and-coming residential area with potential for real estate buyers.
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Free valuation of your property in 1200 Vienna
Take advantage of our free property valuation service for your Brigittenau district and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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Real Estate in 1190 Vienna | Döbling - Exclusive living on the outskirts of the city
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Description and location 1190 Vienna - Döbling
Döbling, the 19th district, is located in the northwest of Vienna and impresses with its exclusive location on the outskirts of the city and its green surroundings. The district offers high-quality real estate, from prestigious villas to exclusive apartments. The vineyards on Nussberg and Kahlenberg are characteristic of Döbling and offer breathtaking views of the city and the Danube valley. The Vienna Woods also extend into the district of Döbling and offer numerous hiking trails and nature experiences. The district offers an excellent infrastructure with exclusive shopping facilities, first-class schools and upscale restaurants. Döbling is well connected to public transportation and offers quick access to the city center. The district is a desirable place to live for people looking for exclusivity, nature and a quiet environment.
Key figures
Population: 72,000
Area: approx. 24 km2
Green areas: 48%
Existing residential units: approx. 37,000
Purchase prices 2022/3: 5,200 - 9,600 € per m2
Net income new rentals: approx. 15.5 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district Döbling
The district was formed in 1892 from the former Viennese suburbs of Unterdöbling, Oberdöbling, Grinzing, Heiligenstadt, Nussdorf, Josefsdorf, Sievering and the Kahlenbergerdorf. In 1938, the district was expanded to include Neustift am Walde and Salmannsdorf, which previously belonged to the district of Währing. The history of Döbling goes back a long way. The area was already settled about 5000 years ago and, along with the Simmering-Landstrasse area, probably represents the oldest settlement area in the Vienna region. Over the centuries, the area was repeatedly affected by wars and epidemics, including the Turkish sieges and the plague epidemics. In the 19th century, Döbling experienced an upswing and became a popular excursion destination for the Viennese. With the incorporation of Vienna's suburbs at the end of the 19th century, Döbling became Vienna's 19th municipal district.
Source: Wikipedia
Property for sale in 1190 Vienna - Döbling
Döbling impresses with its exclusive location on the outskirts of the city and its green surroundings. Here you can find high-quality real estate, from prestigious villas to exclusive apartments. The proximity to the Vienna Woods and the first-class infrastructure make Döbling a sought-after residential area.
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Free valuation of your property in 1190 Vienna
Take advantage of our free property valuation service for your district of Döbling and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in 1190 Vienna.
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Real estate in 1180 Vienna | Währing - Elegance and green in the cottage quarter
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Description and location 1180 Vienna - Währing
Währing, the 18th district, is located in the northwest of Vienna and impresses with its elegant style and green residential areas. The district offers a wide range of real estate, from stylish old apartments to modern residential complexes. Türkenschanzpark, a sprawling park with gorgeous flowerbeds and an idyllic pond, is a popular recreation area for locals. Währing is also known for its exclusive schools and universities, including the Amerlinggymnasium and the University of Natural Resources and Applied Life Sciences. The district offers an excellent infrastructure with shopping, restaurants and cafes along Währinger Straße and Gersthofer Straße. Währing is well connected to public transport and offers quick access to the city center. The district is an attractive place to live for people looking for elegance, green spaces and a good infrastructure.
Key figures
Population: 52,000
Area: approx. 7 km2
Green areas: 27%
Existing residential units: approx. 26,600
Purchase prices 2022/3: 5,200 - 7,800 € per m2
Net income new rentals: approx. 15.2 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district of Währing
The name Währing was first mentioned in documents around 1170 as Warich. There is only conjecture about the origin of the name. Possibly it is of Slavic (var for warm spring or varica for dark stream) or Germanic origin (werich for day's work, i.e. a field of a size that a man can work on in a day), possibly it is also derived from Werigandus, the first abbot of the Michelbeuern monastery. In 1892 the former suburbs of Währing, Weinhaus, Gersthof, Pötzleinsdorf, Neustift am Walde and Salmannsdorf were incorporated and the new district was formed from them. In 1938, however, the districts of Neustift am Walde and Salmannsdorf were largely incorporated into the district of Döbling. The history of Währing is characterized by various phases of incorporation and restructuring. After the incorporation of the suburbs in 1850, the discussion about the incorporation of the suburbs began in the 1870s. The initiative for this came from Währing. At the opening of the Türkenschanzpark in 1888, Emperor Franz Joseph I gave a speech in which he hoped that the suburbs would soon be united with the imperial capital and residence city of Vienna. As a result, the Lower Austrian Parliament decided in 1890 to unite 34 suburbs with Vienna. The law came into force in December 1890; the unification of these suburbs with Vienna was to be completely implemented by January 1, 1892.
Source: Wikipedia
Property for sale in 1180 Vienna - Währing
Währing impresses with its elegant style and green residential areas. The district offers a variety of real estate, from stylish apartments in old buildings to modern residential complexes. The proximity to Türkenschanzpark and the excellent infrastructure make Währing a desirable place to live for discerning buyers.
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Free valuation of your property in 1180 Vienna
Take advantage of our free property valuation service for your district of Währing and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
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Real estate in 1170 Vienna | Hernals - Green residential idyll in the northwest of Vienna
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Description and location 1170 Vienna - Hernals
Hernals, the 17th district, is located in the northwest of Vienna and impresses with its green residential areas and quiet streets. The district offers a pleasant residential atmosphere with good transport links and proximity to Pötzleinsdorf Castle Park. The park is a popular destination with its idyllic castle and a variety of walking trails. Hernals is also known for its historic market square, where farmers' markets are held regularly. The district offers a good infrastructure with stores, restaurants and cafes along Hernalser Hauptstraße. Hernals is well connected to public transport and offers quick access to other parts of the city. The district is an attractive place to live for people who appreciate the peace and green spaces, but are still looking for good connections to urban life.
Key figures
Population: 57,000
Area: approx. 11 km2
Green areas: 53%
Existing residential units: approx. 28,500
Purchase prices 2022/3: 4,200 - 7,700 € per m2
Net income new rentals: approx. 15.1 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district of Hernals
Hernals was formed in 1892 from the independent municipalities of Hernals, Dornbach and Neuwaldegg. The history of Hernals is characterized by its development into a metropolitan district between 1892 and 1914. After incorporation, the settlement gaps between Hernals and Dornbach were closed by the construction of new apartment buildings, creating a new, densely populated district. During the period of so-called Red Vienna after the First World War, municipal housing construction in particular was pushed. After World War II, the district focused on the reconstruction of destroyed houses and the construction of new housing. Since the 1980s, there have been positive developments, especially in the areas of culture and infrastructure.
Source: Wikipedia
Property for sale in 1170 Vienna - Hernals
Hernals is known for its green residential neighborhoods and quiet residential atmosphere. Here you will find a selection of properties, from single-family homes to charming apartments in old buildings. Good public transport links and proximity to recreational areas make Hernals an attractive place to live for nature lovers.
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Free valuation of your property in 1170 Vienna
Take advantage of our free property valuation service for your district of Hernals and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in 1170 Vienna.
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And can then together achieve the best price for your property. You can find out more about our services for real estate sellers here:
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Real Estate in 1160 Vienna | Ottakring - Urban flair with Viennese charm
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Description and location 1160 Vienna - Ottakring
Ottakring, the 16th district, is located in the northwest of Vienna and impresses with its multicultural atmosphere and urban charm. The district offers a wide range of real estate options, from renovated apartments in old buildings to modern residential complexes. The area around the Ottakringer brewery is known for its cozy Heurigen restaurants, where you can enjoy local wine and food. The Wilhelminenberg with its castle and extensive park is a popular recreation area with a breathtaking view over the city. Ottakring also offers good transport links with the U3 subway line and several bus lines. The district is an attractive place to live for people who appreciate diversity, urban charm and good connections to the city center.
Key figures
Population: 105,000
Area: approx. 16 km2
Green areas: 30%
Existing residential units: approx. 51,800
Purchase prices 2022/3: 3,700 - 6,400 € per m2
Net income new rentals: approx. 14.3 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the Ottakring district
The history of Ottakring is characterized by rapid growth and industrial development. The name Ottakring comes from the Bavarians, who settled the area around Vienna in the 8th century. In 1892, the previously independent municipalities of Ottakring and Neulerchenfeld were united to form the 16th Viennese municipal district of Ottakring.
Source: Wikipedia
Property for sale in 1160 Vienna - Ottakring
Ottakring captivates with its multicultural atmosphere and urban charm. The district offers a variety of real estate options, from renovated apartments in old buildings to modern residential complexes. Good transport links and a wide range of stores and restaurants make Ottakring a lively place to live.
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Free valuation of your property in 1160 Vienna
Take advantage of our free property valuation service for your Ottakring district and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
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In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
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Real Estate in 1150 Vienna | Rudolfsheim-Fünfhaus - Multicultural mix in the west of Vienna
Learn more about the unique characteristics of the Rudolfsheim-Fünfhaus district and how our extensive expertise and knowledge of local real estate prices can help you achieve the best selling price for your property. Take advantage of our free property valuation service and take the first step to realizing the full potential of your property in 1150 Vienna.
Description and location 1150 Vienna - Rudolfsheim-Fünfhaus
Rudolfsheim-Fünfhaus, the 15th district, is located west of the city center and offers a pleasant mix of urban flair and green residential areas. The district impresses with its variety of real estate, from modern city apartments to spacious apartments in old buildings. The district is known for its multicultural atmosphere, which is reflected in a wide selection of international stores and restaurants. Schönbrunn Palace and Schönbrunn Palace Park are nearby and offer beautiful green spaces to relax and unwind. Rudolfsheim-Fünfhaus also offers good transport links and is easily accessible with several subway lines and bus connections. The district is an attractive place to live for people who appreciate diversity and urban life, but also want to enjoy the benefits of green residential areas.
Key figures
Population: 76,000
Area: approx. 4 km2
Green areas: 9%
Existing residential units: approx. 39,200
Purchase prices 2022/3: 5,200 - 6,700 € per m2
Net income new rentals: approx. 14.6 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district Rudolfsheim-Fünfhaus
The village centers of the former suburban agglomeration around Fünfhaus and Rudolfsheim, which date back to the Middle Ages, are located in the southern part, while the northern part (Schmelz), where slightly more than half of the district's inhabitants live today. After the second Turkish siege, the villages of Reindorf, Braunhirschen and Rustendorf were formed, which were united in 1863 to form the municipality of Rudolfsheim (named after Crown Prince Rudolf), with Fünfhaus to the east and Sechshaus to the south. In the 19th century the whole area was densely built up. Under Nazi rule, as of October 15, 1938, Rudolfsheim and Fünfhaus were united to form the 15th district, and district number 14 was freed up for Penzing. In the process, a boundary correction added a small area of twelve house blocks to the district, which is occasionally called "Neu-Penzing". Since 1957 the 15th district is called Rudolfsheim-Fünfhaus.
In 1958, the Wiener Stadthalle was opened, Vienna's largest event center. The Auer-Welsbach Park came in 1992, in the course of a boundary change, from the 14th to the 15th district.
Source: Wikipedia
Property for sale in 1150 Vienna - Rudolfsheim-Fünfhaus
Rudolfsheim-Fünfhaus offers a successful mix of urban flair and green recreational areas. The district has a wide selection of properties, from modern city apartments to spacious apartments in old buildings. Good public transport links and proximity to Schönbrunn Palace make it an attractive place to live.
As an experienced real estate agent, SUNSET IMMOBILIEN is here to help you find the perfect property for you in the Rudolfsheim-Fünfhaus district. With our extensive knowledge of the market and professional approach, we can take your individual requirements and needs into consideration and present you with the best options. Contact us for a personal consultation and let's find your dream property in 1150 Vienna together.
Still searching? Send us your search criteria here '
Free valuation of your property in 1150 Vienna
Take advantage of our free property valuation service for your district Rudolfsheim-Fünfhaus and secure the decisive advantage when selling your property. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
It is a strategic tool that helps you set the optimal selling price to get the maximum return from your sale. It gives you security and confidence in your pricing and strengthens your negotiating position with potential buyers.
In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in 1150 Vienna.
You want to sell your house or property or your villa or apartment in 1150 Vienna - Rudolfsheim-Fünfhaus?
Sell your property in Rudolfsheim-Fünfhaus at the best price and benefit from our extensive expertise and knowledge of prices in the area. As a renowned real estate agent, we offer a customized service and accompany you professionally through the entire sales process. With our profound understanding of the market, we position your property optimally and reach the right buyers.
And can then together achieve the best price for your property. You can find out more about our services for real estate sellers here:
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Real estate in 1140 Vienna | Penzing - Close to nature in the west of Vienna
Learn more about the unique characteristics of the Penzing district and how our extensive expertise and knowledge of local real estate prices can help you achieve the best selling price for your property. Take advantage of our free property valuation service and take the first step to realizing the full potential of your property in 1140 Vienna.
Description and location 1140 Vienna - Penzing
Penzing, the 14th district, is located in the west of Vienna and offers a pleasant residential atmosphere with many green spaces. The district is known for its single-family homes and charming residential neighborhoods. The Wienerwald, an extensive forest area, extends into the district of Penzing and offers numerous hiking trails and nature experiences. Schönbrunn Palace Park, with its imposing palace and zoo, is a popular destination for locals and tourists alike. Penzing also offers good public transportation connections with several subway stations and bus lines. The district is an attractive place to live for nature lovers and commuters who appreciate green surroundings and good transport links.
Key figures
Population: 93,000
Area: approx. 34 km2
Green areas: 60%
Existing residential units: approx. 46,300
Purchase prices 2022/3: 4,100 - 6,000 € per m2
Net income new rentals: approx. 14.5 € per m2
Source: Statistics Austria and City of Vienna
Historical facts about the district of Penzing
The district area of Penzing, with the exception of Hadersdorf-Weidlingau, was incorporated into the city of Vienna on January 1, 1892, on the basis of a Lower Austrian provincial law passed in 1890, and together with today's 13th district (excluding the Lainzer Tiergarten) formed the 13th Vienna municipal district, called Hietzing. This was divided during the Nazi era by Reich law on October 15, 1938: Essentially, the area of the old 13th district north of the Vienna River was reconstituted as the 14th district; Hadersdorf-Weidlingau (remaining with Vienna) and Purkersdorf (reincorporated into Lower Austria in 1954) were incorporated and became parts of the new 14th district. Since 1954, the district boundaries have remained largely unchanged.
Source: Wikipedia
Property for sale in 1140 Vienna - Penzing
Penzing is characterized by its green surroundings and relaxed atmosphere. Here you can find a variety of properties, from single-family homes with gardens to stylish apartments. The good transport links and proximity to the Vienna Woods make Penzing an attractive place to live for nature lovers.
As an experienced broker, SUNSET IMMOBILIEN is here to help you find the perfect property in the Penzing district for you. With our extensive knowledge of the market and professional approach, we can consider your individual needs and requirements and present you with the best options. Contact us for a personal consultation and let's find your dream property in 1140 Vienna together.
Still searching? Send us your search criteria here '
Free valuation of your property in 1140 Vienna
Take advantage of our free property valuation service for your district of Penzing and secure the decisive advantage when selling. As experienced real estate agents, we offer you not only a professional assessment of the market value of your property, but also an in-depth understanding of the real estate market and its dynamics. A professional property valuation is more than just a number.
It is a strategic tool that helps you set the optimal selling price to get the maximum return from your sale. It gives you security and confidence in your pricing and strengthens your negotiating position with potential buyers.
In addition, our valuation helps you highlight the unique features and value of your property, which can lead to a faster and more profitable sale.
Contact us today for more information and learn how you can benefit from our expertise. Take advantage of our free service and take the first step towards realizing the full potential of your property in 1140 Vienna.
You want to sell your house or property or your villa or apartment in 1140 Vienna - Penzing?
Sell your property in Penzing at the best price and benefit from our extensive expertise and knowledge of prices in the area. As a renowned real estate agent, we offer a customized service and accompany you professionally through the entire sales process. With our profound understanding of the market, we position your property optimally and reach the right buyers.
And can then together achieve the best price for your property. You can find out more about our services for real estate sellers here:
The real estate agent for your real estate business in 1140 Vienna - Penzing
Contact us today for a personal consultation for your property in 1140 Vienna. Act now and take the first step towards a successful real estate purchase or sale.
Call us or fill out our online contact form to schedule a no-obligation consultation.