How much does an apartment in Vienna cost today? The answer depends on the district: the difference between the cheapest and the most expensive can be fourfold. The Viennese real estate market at the start of this year shows signs of confident recovery after the 2023–2024 correction. The average price per square metre of an apartment in Vienna at the beginning of 2026 is approximately €5,500–6,600. In the centre, prices reach €16,000/m², while on the outskirts you can find an apartment for €3,600/m². Data is based on Infina, WKO Immobilienpreisspiegel 2026, and immopreise.at.
In this overview, we present current prices across key Viennese districts, analyse trends, and provide practical recommendations for buyers and investors. The article complements our previous analysis of Austrian real estate market trends and will be useful for everyone planning to purchase property in Austria.
Prices by district: from most expensive to most affordable
As the chart shows, the price spread between districts is enormous — from approximately €3,600/m² in Favoriten to over €16,000/m² in Innere Stadt. Let’s examine each price segment.
Districts with the highest prices
The undisputed leader remains the 1st district Innere Stadt — the heart of Vienna with a price of approximately €16,300/m². For comparison: in 2016 it was “only” €6,500/m² — prices doubled in 7 years. A 70 m² apartment here costs approximately €1,150,000. Clearly, this is a market for very wealthy buyers and investors in Vorsorgewohnung (investment apartments).
Second most expensive is the 4th district Wieden. Over the past year, prices here rose by 11% — the highest increase among all Viennese districts. The premium segment also includes Neubau (7th district) and Mariahilf (6th district) — both at ~€8,200/m². Interestingly, demand for apartments in Mariahilf surged by a record 57% year-on-year — the biggest jump in all of Vienna. If you are deciding between old and new stock in these districts, we recommend our article Altbau vs Neubau: what to choose in 2026.
Mid-range segment: optimal value for money
For those who want to live close to the centre without overpaying, there are excellent options. 3rd district Landstraße (about €7,500/m²) is one of the most popular among buyers. It is home to the main railway station, new residential complexes in Quartier Belvedere, and the district is perfectly suited for investment.
2nd district Leopoldstadt (about €6,500/m²) is also developing dynamically thanks to projects like LeopoldQuartier and Nordbahnviertel, attracting young professionals and investors.
5th district Margareten (about €5,800/m²) and Meidling (12th district, ~€5,200/m²) show stable growth and are attractive for buyers who want to live near the centre without overpaying. These districts have good transport links and developed infrastructure, and Betriebskosten here are noticeably lower than in the inner districts.
Most affordable districts: where to start
If your budget is limited, consider the 10th district Favoriten. The lowest prices in Vienna: approximately €3,600/m². A 70 m² apartment costs about €255,000 — that is half the price compared to Neubau or Mariahilf. For many foreign buyers, Favoriten becomes the first step on the Vienna property market, especially given the higher requirements for mortgages for foreigners.
22nd district Donaustadt (~€4,700/m²) and 23rd district Liesing (~€4,500/m²) are also affordable but with significant growth potential. In Donaustadt, the futuristic Seestadt Aspern is being built, and the 21st district Floridsdorf (~€5,050/m²) attracts families with green areas and new builds. In summary: Favoriten for maximum savings, Donaustadt for long-term investments, Floridsdorf for families.
Summary table: prices by district (Q1 2026)
This table shows the price per square metre, how it changed over the year, and the approximate cost of a typical 70 m² apartment:
| District | €/m² | Year-on-year change | 70 m² apartment |
| 1. Innere Stadt | ~16 300 | — | ~1 141 000 € |
| 4. Wieden | ~10 800 | +11% | ~756 000 € |
| 9. Alsergrund | ~8 700 | +15% | ~609 000 € |
| 7. Neubau | ~8 200 | +10% | ~574 000 € |
| 6. Mariahilf | ~8 200 | +6% | ~575 000 € |
| 8. Josefstadt | ~7 970 | — | ~558 000 € |
| 3. Landstraße | ~7 500 | -4% | ~525 000 € |
| 2. Leopoldstadt | ~6 490 | — | ~454 000 € |
| 5. Margareten | ~5 800 | +3% | ~406 000 € |
| 21. Floridsdorf | ~5 050 | +2% | ~354 000 € |
| 22. Donaustadt | ~4 700 | +3% | ~329 000 € |
| 23. Liesing | ~4 500 | +2% | ~315 000 € |
| 10. Favoriten | ~3 640 | 0% | ~255 000 € |
Sources: immopreise.at, WKO Immobilienpreisspiegel 2026, ImmoScout24. Prices are indicative — actual value depends on the condition, floor, renovation, and exact location.
Three key market trends in 2026
What is happening with the Viennese property market right now? We have identified three main trends that every buyer and investor should know.
Trend 1: Mortgages have become more affordable — demand has returned
What happened? The European Central Bank (ECB) gradually lowered the key rate from 4.5% to 2.5% during 2024–2025. This means banks now offer cheaper loans. According to Infina, the volume of new mortgage loans in 2025 grew by 47.3% compared to the previous year. Additionally, from July 2025, the strict KIM-Verordnung rules were abolished — previously banks were required to demand at least 20% equity; now it is only a recommendation.
What does this mean for you? If previously you could not afford to buy due to expensive loans — conditions are now significantly better. However, for Ukrainian buyers requirements remain higher (25–40% equity) — more details in our article on mortgages for foreigners.
Trend 2: Fewer new apartments being built — prices are rising
What happened? Developers in Austria have sharply cut new housing construction. According to RE/MAX forecasts, only 31,500 m² of new space will be completed in Vienna in 2027 — a fraction of what it was a few years ago. Fewer new apartments = more competition among buyers = higher prices.
What does this mean for you? Prices for new builds are already rising by 6–11% in some districts (e.g. Wieden +11%, Neubau +10%). If you plan to buy a new-build apartment, it is better not to delay. And if you are considering buying at the construction stage, make sure to familiarise yourself with the BTVG law that protects buyers from risks.
Trend 3: Rents are breaking records — investments are becoming more profitable
What happened? In Vienna it is currently almost impossible to find a vacant rental apartment — the vacancy rate is only 1.2%. This is one of the lowest figures in Europe. When supply is low and demand is high, rents increase. Forecasts suggest rents in central districts will rise by another ~4% in 2026.
What does this mean for you? For investors this is good news: if you buy an apartment to rent out (Vorsorgewohnung), your income will grow with the market. For tenants it is a bad signal — and another argument in favour of buying your own home. More about how rent is formed — in our article on renting in Austria.
What the buyer should do: practical tips
If you are buying your first home, look at mid-range districts: Leopoldstadt, Landstraße, Margareten. Prices here are 30–50% lower than in top districts, but infrastructure and transport are at a high level. For investors, the most interesting are Donaustadt and Floridsdorf — active construction and growing demand create conditions for stable value appreciation.
Before buying, make sure to: compare the price with data from immopreise.at (a free resource with current prices), budget for additional costs of ~10–12% (taxes, notary, agent), and order an independent property valuation. This will help you avoid overpaying and strengthen your negotiating position.
Conclusion
The Viennese property market at the beginning of 2026 is a market in recovery. Prices have stabilised, loans have become cheaper, and demand is growing. The price range — from €3,600/m² in Favoriten to €16,300/m² in Innere Stadt — makes it possible to find an option for any budget. The key is not to rush, compare prices with market data, and factor in additional costs.
The VigoImmobilien team will help you find the perfect apartment or investment property in Vienna. Contact us: +43 664 99 8775 99 or [email protected].
