Buy an Apartment in Vienna: Guide for Foreign Buyers

Vienna property market overview. Districts, prices, legal requirements, and the digital buying process.

Vienna Property Market 2026

Vienna consistently ranks among the top cities in the world for quality of life. The property market reflects this: stable demand, moderate price growth, and strong rental yields compared to other European capitals. Average apartment prices range from EUR 3,500 to EUR 8,000 per square metre depending on district and condition.

District Guide

1. Innere Stadt

Historic centre, luxury segment, investment properties

EUR 8,000-15,000/m²

2. Leopoldstadt

Prater area, gentrifying, good value for young professionals

EUR 4,000-6,000/m²

3. Landstrasse

Embassies, Belvedere, established residential

EUR 4,500-7,000/m²

4-9. Inner districts

Central, walkable, strong rental demand

EUR 4,000-7,000/m²

10. Favoriten

New developments, Vienna Central Station area, rising

EUR 3,000-4,500/m²

13. Hietzing

Schonbrunn area, villas, family-oriented

EUR 5,000-8,000/m²

19. Dobling

Vineyards, premium residential, international schools

EUR 5,500-9,000/m²

22. Donaustadt

Seestadt, new builds, metro-connected, families

EUR 3,500-5,500/m²

Requirements for Foreign Buyers

EU/EEA Citizens

  • No restrictions on property purchase
  • Same rights as Austrian citizens
  • No residency requirement
  • Financing available from Austrian banks

Non-EU Citizens

  • May need Grundverkehrskommission approval
  • Rules vary by federal state
  • Vienna: generally permitted for apartments
  • Agricultural land: restricted in most states

Total Cost Example

For a EUR 350,000 apartment in Vienna's 7th district:

Purchase priceEUR 350,000
Transfer tax (3.5%)EUR 12,250
Land registry (1.1%)EUR 3,850
Notary (~1%)EUR 3,500
Broker (3% + 20% VAT)EUR 12,600
TotalEUR 382,200

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