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Most expensive office building in Vienna-Alsergrund sold for 24.91 million euros!
In 2024, Alsergrund recorded the sale of an office building for 24.91 million euros, the highest in Vienna.
Most expensive office building in Vienna-Alsergrund sold for 24.91 million euros!
Something exciting is happening in the heart of Vienna! The city's most expensive building sold in 2024 is an impressive office building at Maria-Theresien-Straße 7 in the Alsergrund district. The selling price of an impressive 24.91 million euros shows that premium properties continue to be a hot topic. With a usable area of 3,349.78 square meters spread over several floors, the property offers a generous building area of 772 square meters, but without any outdoor areas. The purchase price per square meter is around 7,436.30 euros, which is anything but cheap in Vienna. Buyer and seller are no less interesting: the building was sold by Bank Austria Real Invest Immobilien – Kapitalanlage GmbH to Friesca-Holding Gesellschaft m.b.H. sold. As Vienna.at reports, it remains to be seen how this market will develop further.
A look at the general real estate situation in Vienna shows that the city is a very dynamic environment for real estate investments. Until early 2022, buyers benefited from historically low interest rates, resulting in increased demand. But this situation has changed since mid-2022. Rising inflation rates and increased loan interest rates, coupled with new minimum standards for real estate loans, have put prices under pressure. The Immocheck-Austria highlights that there are significant price differences depending on the district, with the Innere Stadt leading the way at 12,361 euros per square meter, while in Simmering prices start at 3,470 euros per square meter. The average price for condominiums in Vienna is 4,736 euros per square meter, which makes it clear that investing in real estate in Vienna is still lucrative.
Prices for houses and land
Single-family homes are also a topic in themselves in Vienna. The average purchase price fell slightly in 2023, with Währing remaining the most expensive region at 15,692 euros per square meter. At the same time, the cheaper districts such as Simmering and Favoriten, with 5,568 euros per square meter, show that there are definitely immediate offers for interested buyers. The average price for a house in Vienna is 6,910 euros per square meter. With regard to building plots, the price situation remains stable, despite the challenges posed by interest rates and inflation. The most expensive districts here are also the Innere Stadt, Währing and Döbling with prices of up to 3,964 euros per square meter, while Simmering and Favoriten have significantly lower prices of an average of 961 euros per square meter.
In a city like Vienna, where quality of life and good taste go hand in hand, products like tea are also very popular. Harrods offers a wide selection of loose leaf tea and tea bags, which have a long tradition in England. Whether Earl Gray or green tea, the selection varies depending on personal taste. There is even a Harrods tea range, as well as products from London Tea Exchange and other well-known brands. Teapots, sets and accessories make wonderful gifts for tea lovers. Information can be found on the Harrods website.
Overall, it shows that the Vienna real estate market is on the move. Whether in office buildings or in the residential segment, the developments are exciting and promise interesting investment opportunities for buyers and investors in the future.