Vienna housing market: Demand increases by up to 73% in the year

Vienna housing market: Demand increases by up to 73% in the year

The housing market in Vienna is increasingly tense, and a current analysis of the Immoscout24 real estate platform clearly underlines this. The investigation, which has evaluated around 135,000 real estate offers, shows a significant increase in demand for rental apartments.

Markus dejmek, the Austrian boss of Immoscout24, explained that the rental price situation has tightened over the course of the year. On average, the demand for rental apartments in Vienna increased by remarkable 29 percent. But the numbers vary greatly depending on the district.

cross -district differences

The differences in the individual districts are particularly striking. Floridsdorf leads with an incredible 73 percent increase in demand, followed by favorites, where demand has grown by 63 percent. In Ottakring, too, demand has increased by 62 percent, while Meidling has an increase of 54 percent. Rudolfsheim-Fünfhaus also shows a remarkable increase of 43 percent.

The analysis also outlines the challenges in front of prospective tenants. Many have to make decisions faster due to the current market situation and are ready to compromise on the location or the available resources. This is particularly evident in the sought -after districts.

The examination is based on data that was collected from January to the end of October 2023. These only include rental apartments because the proportion of rental houses is negligible - only about five percent of the offers are eliminated in this category. The values ​​raised refer to the gross rents, the net rent including operating costs, but without heating and electricity costs.

For further information and detailed analyzes on the developments on the Vienna housing market, interested parties can use the evaluation of Immoscout24, which was carried out in November this year.