When Anna Wiener looks for a new apartment today, it quickly becomes clear that the Viennese housing market in 2025 offers opportunities - but also new stumbling blocks. Falling interest rates may bring more movement, but the short supply remains a limiting factor. Here is an overview of how the real estate market in Vienna will really develop and what buyers and tenants can expect in 2025.
Austrian real estate market 2025: stabilization after the downturn
After the significant slump in 2023 and 2024 (transaction decline of up to -20 %), the Austrian real estate market will begin to recover in 2025. While residential property prices will stagnate or rise slightly in most regions, the market as a whole will remain challenging:
- The number of new builds remains low,
- Investors and owner-occupiers benefit from better financing conditions.
Residential real estate Vienna: 2024 at a glance
The Viennese real estate market remained stable in 2024. Transaction figures fell slightly, while the sales volume remained constant.
High-quality properties dominated the market and prices rose moderately.
Vienna thus remains a sought-after location for residential real estate, even in a challenging environment.
Real estate prices in Vienna 2025: stable across the board, movement in prime locations
In 2025, the Viennese real estate market will be differentiated:
- Prime locations (e.g. Innere Stadt, Döbling, Währing): Moderate price increases.
- Peripheral locations (e.g. Favoriten, Donaustadt, Floridsdorf): Stable prices or slight adjustments.
Example purchase prices 2025 (used, Ø €/m²):
Inner city: approx. € 27,000
Wieden: approx. 10,200 €
Döbling: approx. 8,800 €
Favorites: approx. 3,600 €
Compared to 2024, these figures remain surprisingly constant - Vienna is proving resilient, especially in the property sector.
Vienna rental market 2025: rents continue to rise
While buyers could benefit, apartment seekers in the rental market are facing the harsh reality: new construction activity is falling dramatically - only around 1,800 new rental apartments will be completed in 2025. That's almost 60 % fewer than in 2024!
Rental prices (second-hand, Ø €/m² 2025):
Inner city: approx. 16.5 €
Leopoldstadt: approx. 13,5 €
Favorites: approx. 12,2 €
In 2024, rents in Vienna already rose by an average of 6.2 to 7.7 % - and the trend will continue unabated in 2025.
Financing 2025: simplifications for buyers
Good news for prospective buyers:
- The ECB's interest rate cut at the end of 2024 has made loans more affordable again.
- The expiry of the KIM Ordinance relaxes the strict funding requirements.
Result: Demand for condominiums is increasing - particularly in the mid-price segment.
Risks and challenges remain
Despite all the rays of hope, problems will remain in 2025:
- Renovation backlog for old buildings: Vienna has the highest rate of unrenovated old buildings in Austria.
- Rising energy prices could drive up housing costs further.
- Bureaucracy makes new builds and renovations more difficult.
According to the Vienna Chamber of Commerce, without far-reaching reforms there is even a threat of a serious market crisis in the long term.
Conclusion: Vienna 2025 - a market between upswing and bottlenecks
Anyone looking to buy a property in Vienna in 2025 will find good entry-level opportunities while values remain robust. On the rental market, on the other hand, prices are rising noticeably - and supply remains scarce.
Bold buyers and flexible tenants now have the opportunity to benefit from the market's dynamism - provided they are aware of the challenges.
Key takeaways: Real Estate Market Vienna 2025
- Stable purchase prices: Especially in prime locations such as the Innere Stadt, Döbling and Währing.
- Rising rents: Especially for existing apartments and in good residential areas.
- Falling interest rates: real estate financing is becoming more attractive again.
- Shortage of new construction: only 1,800 new rental apartments - significant decline compared to 2024
- Risks remain: need to renovate old buildings, high energy costs, new construction crisis.
- Opportunities for buyers: Early action can pay off - especially for owner-occupation or investment in the mid-price segment.
