New buildings in Vienna
City on the map
Vienna is the capital of Austria, is the largest metropolitan area in the EU in terms of population; it is located in the east of the country.
Why is it profitable to buy an apartment in a new building of Vienna?
Vienna is culturally, economically and politically the center of Austria. The city has developed transport engineering, woodworking, electrical, oil refining industries, as well as textile, pharmaceutical and clothing industries. Vienna occupies one of the leading positions in Europe in terms of living standards. The cultural and business life attracts a huge number of tourists, businessmen, artists, people who come to buy real estate here and arrange life here.
Traditionally, during the ball season, Viennese balls are held, which are included in the UNESCO list as intangible cultural heritage. The city is exquisitely beautiful, tourism has become one of the most important sources of income for the city. Some sites, in particular the historic center, are also included in the UNESCO list.
The transport system operates at a good level in the capital. International transport is carried out via the river port on the Danube and Schwechat airport. Highways and railways cross Vienna. Public transport (buses, trams, metro) is stable in the city.
Higher education institutions invite applicants in various fields, in particular, the Vienna State University, the Academy of Arts, universities: natural resources, veterinary, economics and business, medical, technical, applied arts, and a number of others. Accordingly, students come, renting and purchasing housing.
Buying an apartment from a developer in Vienna is considered prestigious; living standards are high here. This is one of those places where you want to be at the peak of your business career or send your children to study.
New buildings from the developers of Vienna are usually expensive apartments. It is possible to purchase more affordable apartments mainly in the areas where a large number of migrants live.
Real estate prices in the new buildings continue to rise slowly. The assortment of housing under construction is diverse. New buildings are made using modern technologies. The demand for residential complexes in Vienna is great, the apartments are offered on a turnkey basis. Standard European quality is confirmed by customer reviews. Nevertheless, you can buy quite a good apartment at a reasonable cost.
The minimum price per square meter of area in a new building completed in a turnkey condition (in accordance with the information of the search engine GEOLN.COM) - 1,570$.
Acquisition of an apartment in Vienna from a developer by foreign citizens
The sale of apartments from developers to foreigners - non-EU citizens, like any other real estate, is prohibited, with the exception of a few cases:
- purchase on a student visa,
- purchase with an Austrian residence permit,
- purchase with the permission of the land commission.
These measures are aimed at social support of citizens, prevention of speculation in the market, and avoidance of sharp jumps in value.
Highlights of the city
- Vienna Opera;
- Schönbrunn Palace;
- the Belvedere palace complex;
- Kreuzenstein castle;
- Liechtenstein castle;
- Hofburg residence;
- Millennium Tower;
- Botanical Garden of the University of Vienna;
- a factory of snow balls;
- Vienna Woods;
- Albertina Museum;
- military history museum;
- Tower of the Mad (horror museum);
- St. Stephen's Cathedral;
- Catholic Church Votivkirche.
City districts and buildings
As the economy has strengthened, real estate in Vienna has become more fashionable and aesthetic, and infill development in the center continues. The city is also expanding due to new building spaces in the northeast and east: these are green areas, where villas are mainly represented, or residential areas with residential complexes with apartments and views of penthouses.
Purchasing an apartment in a new building of Vienna is a stable investment in a highly liquid property and an opportunity to live in one of the richest cities in Europe.