MIPIM 2019 (24.1 MB)

of the right bank of the Danube, for which BU-
WOG together with IES Immobilien will realize
a major project with an important message in
the form of the MARINA TOWER, also falls into
this category.
The MARINA TOWER stands for a second major
trend in Viennese residential construction,
namely that of residential towers. With this
and other objects, several towers with a height
of more than 100 meters will come onto the
market in the coming years. "If the building
land is scarce and expensive, we'll just have
to build upwards," says Holler. "In any case,
we don't have to worry about the demand for
apartments with a view over the entire the city."
The number of completions will not be significantly
affected yet in 2019 by the changes in
framework conditions mentioned above. Bauernfeind
expects the number of completions to
stabilise at a high level of around 11,500 units
and the increase in rents and housing prices
will most likely not be significantly higher than
the inflation rate. "New construction in 2019
will continue to be dominated by numerous
"Restrictions
on location
premiums
lead to more
vacancies and
change from
rental to sale"
AN OVERVIEW OF THE AVERAGE PRICE RANGE
ON OWNED APARTMENTS FOR 2018 IN THE STATE CAPITALS
50% of apartment transactions were within the price range of …
(25% cost more, 25% cost less)
New
Median
Used
purchase price in Euros per m²
Vienna
3.790
4.432
Bregenz
3.084
4.497
Innsbruck
4.125
5.424
Graz
2.411
3.407
Salzburg
3.648
6.401
St. Pölten
1.818
Klagenfurt
1.655
3.154
Linz
2.963
3.887
Eisenstadt
1.550
1.000 1.500 2.000 2.500 3.000 3.500 4.000 4.500 5.000 5.500 6.000 6.500 7.000 7.500
Source: Purchase agreements according to the land registry, evaluated by IMMOunited together with RE/MAX
MIPIM 2019
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