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Most expensive apartment in Vienna: 3.5 million euros for 256 square meters of luxury!
Find out everything about the sale of the most expensive apartment in Vienna-Alsergrund: 3.5 million euros and exclusive features.
Most expensive apartment in Vienna: 3.5 million euros for 256 square meters of luxury!
A real estate transaction in Vienna-Alsergrund caused a stir: the most expensive apartment in the city was sold in 2024. With an impressive price of 3.5 million euros, a buyer, a private individual, has secured a new home on Widerhofergasse. Thanks to the generous living space of 256.3 square meters and four rooms, the apartment offers a lot of space, which undoubtedly makes it the ideal retreat.
In addition to the living space, the gem has two balconies with a total of 13.41 square meters and a storage room of 5.73 square meters. A car parking space completes the offer - ideal for those who would like to remain mobile in the vibrant city. The purchase contract was signed at the end of 2023, and the entry in the land register took place in February 2024, as vienna.at reports.
A market analysis of prices in Vienna
The real estate market in Vienna has changed noticeably in recent years. Historically low interest rates ensured high demand until the beginning of 2022. But from mid-2022 there was a turnaround in property price developments. The reason? Inflation, rising loan interest rates and new minimum standards for real estate loans from the FMA. These factors have had a decisive influence on market conditions, as immocheck-austria.at summarizes.
If you look at the housing prices in the federal capital, it becomes clear that the prices vary greatly depending on the district. The Inner City is the most expensive district with a price of 12,361 euros per square meter, while Simmering is considered the cheapest with an average of 3,470 euros per square meter. The average price for condominiums in Vienna is currently 4,736 euros per square meter.
Price differences and market trends
There is also an interesting picture when it comes to house prices. The average purchase price for single-family homes will have fallen slightly in 2023. Währing stands out here with 15,692 euros per square meter, while cheaper options are available in Simmering and Favoriten with an average of 5,568 euros per square meter. In general, one can say that the average price for a house in Vienna is around 6,910 euros per square meter.
Property prices have remained stable despite the difficult market conditions. Expensive locations such as Innere Stadt, Währing and Döbling charge up to 3,964 euros per square meter, while cheap districts such as Simmering and Favoriten cost an average of only 961 euros per square meter. The average price for building land in Vienna is 1,260 euros per square meter.
Developments on the real estate market in Vienna are an exciting topic that affects many residents and interested parties. It remains to be seen how prices will develop in the coming years and what new trends will come our way.