The choice of district depends on whether you are looking for a property for yourself or for investment; whether you plan to use your own car or only public transport; whether you prefer evening entertainment or whether you want to buy an apartment close to a garden for a quiet life with your family.
In order to rent or buy a property in Vienna’s 10th district, you need to weigh up its advantages and disadvantages. Here we will be your best helpers and tell you what makes the 10th district special and how much property costs there.
The name of the district Favoriten comes from Favorita, a palace complex in neighbouring Vienna that now serves as a gymnasium. The district covers an area of 31.8 km² and has a population of 210,573 people (as of 2021). Most of the district’s residential buildings are over 100 years old. The population here is multicultural, but the most numerous are the peoples of Turkey, Syria and other Muslim countries.
Industrial enterprises operate in the territory of Favoriten. The area is popular with students, and is home to the Fachhochschule Campus Wien, a university of applied sciences. Favoriten is also attractive for the opportunity to rent offices in the Business Park Vienna. There are many parks and nature reserves here. The main railway station of Vienna and the long shopping street Favoritenstraße are located in the 10th district. Due to the multicultural nature of the population, there are many establishments, shops and goods reflecting the culture of the Middle East in Favoriten.
Let’s take a closer look at the neighborhood’s features.
- Property
The district is attracting a lot of interest from the investment point of view. Although the district has a large number of residential buildings (around 11,800 in total), there are still plots of land suitable for development, which is an advantage. Active construction of residential buildings and residential neighborhoods is currently underway, which implies a steady increase in population. Among the interesting projects are Musicbox and The Fave.
If you want to buy an apartment in the 10th district of Vienna, the cost of 1 m2 of real estate in Favoriten as of September 2023 (according to the statistical website immopreise.at) is €5,355.
This is perhaps the cheapest neighborhood in Vienna. The only exception is the new neighborhood right next to the Hauptbahnhof station, on the border with districts 3 and 4. Property prices there are much higher, and the housing itself is considered quite prestigious.
- Population
The population of the neighborhood of Favoriten is quite diverse. «Business Park Viena» attracts business people who rent office space here. The large number of students studying at the Fachhochschule Campus Wien drives the demand for rental accommodation. The convenient transport interchange, including the Hauptbahnhof (Vienna’s main railway station), also encourages people to rent or buy property in District 10.
- Recreation
Another advantage of the 10th district is a wide range of leisure activities: the Laaer Berg and Wienerberg mountains with picturesque recreation areas that will make you forget you are in the city; squares and parks (the total area of green spaces in the district is about 14.25 km²). The Wienerberg is the closest place where you and your family can immerse yourself in the world of wildlife without leaving the city. There you can see people riding on horseback; pheasants and rare turtles.
The Favoritenstraße is a pedestrian shopping area and the noisiest place, according to the locals. Here you will find almost all the chain stores of well-known brands squeezed into a network of small, cheap shops that cater to the multicultural community living in the area. Simply sitting in a cafe and merging with the spectacle of this street will show you another side of Vienna.
Amongst the multicultural atmosphere that dominates Vienna’s 10th district, Zum Alten Beisl, a restaurant serving traditional Austrian dishes, stands out with its very cosy interior and quiet garden behind the building. For great ice cream, residents go to Tichy, and for delicious Turkish cuisine, they go to Konya Etli Ekmek. In the evening, the Amalienbad, a unique historic swimming pool located in an elegant building with a clock tower, is quite crowded. It was built in the 1920s and its Art Deco interior is still well preserved. The 10th district is also home to Vienna’s best thermal park, Therme Wien Oberlaa, which covers an area of around 75,000 m². As for the historical sights, you can admire the view of the old Antonskirche and Keplerkirche churches and the Spinner at the Cross column, a monument to love and fidelity.
The Ankerbrot Fabrik is a very interesting cultural environment. Formerly used to produce bread for the Anker bakery chain, the soul of this red brick building has been revived as a multi-purpose space: a cultural centre, an event venue and a place where social change takes place. Here you can enjoy delicious international dishes or cook them yourself at the weekly community cooking sessions, which carries a cool concept of bringing people together through a common love of food. There are also several creative companies and two impressive galleries of contemporary art and photography: Galerie Hiliger and Ostlicht Galerie.
If you are looking to rent an apartment in the 10th district, you need to understand that Favoriten is a large and diverse neighborhood that combines residential and commercial areas. It is perfect for renting inexpensive apartments (especially for students and young professionals), as well as for buying or renting a home in new microdistricts, where you can often find prestigious, comfortable and expensive housing.
VigoImmobilien real estate agency will be your best assistant in choosing an apartment that suits your lifestyle. We will do everything to make you feel comfortable and cozy.
