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Döbling on the rise: luxury old buildings are trumping the new building trend!
Döbling is experiencing a boom in the luxury market, while high-quality old buildings are displacing new buildings and prices are constantly rising.
Döbling on the rise: luxury old buildings are trumping the new building trend!
Viennese real estate lovers take note! In the 19th district, known for its picturesque old buildings, the market is showing interesting developments. While the entire Vienna real estate market seems to have stalled somewhat, Döbling has developed a special dynamic. This is about more than just living space - demand has changed noticeably, and there are reasons for that.
In recent years, high-quality renovations of old buildings have experienced a real boom. According to a report by Ad Hoc News, renovated residences in the luxury segment are currently the most sought-after properties. Well-off buyers seem to be turning away from new buildings and instead favor historic “unique properties”. These old buildings not only offer the charm of bygone times, but also a feeling of security through their existing value.
Stable prices and a focus on emotion
With prices per square meter between 10,000 and 15,000 euros, the Döblinger luxury market is at a high level. Top properties, such as a magnificent residence in Alt-Grinzing, can be even more expensive. These dream properties in Döbling are not only rare, they are real “trophy assets” that are hotly contested by buyers. On top of that, clientele are increasingly demanding ESG compliance, and leading developers are responding with sustainable building projects that integrate geothermal energy and high-quality insulation.
The supply of new buildings is declining sharply, which means that the market for new luxury space is noticeably collapsing. Those interested in buying are looking for finished, risk-free objects and, above all, for emotion and aesthetics. Buyers have a particularly good hand when it comes to old apartments; You know, around 2960 properties in Vienna, including many old apartments, are currently on offer, which makes the selection large and diverse. Information about these properties can be accessed via platforms such as real estate world be retrieved.
Market forecast for 2025
There is constant talk of stagnation in transaction volume across the market, but price trends remain positive for high-end apartments. However, this situation could worsen in the coming year as the pipeline for new luxury projects has almost dried up due to skyrocketing construction costs. Experts from Otto warn that prices for renovated old buildings will continue to rise.
Buyers who want to enter the Döblinger market need to be quick and have sufficient capital. Although conditions are currently stable, future demand and limited availability are expected to cause prices to rise further. A good reason to find out about the individual options for searching for real estate, such as over 2,000 unlisted real estate offers.
The trends on the Vienna real estate market are therefore on the move. Döbling is a hotspot for old building lovers and investing buyers who are looking for unique properties with history. It will be exciting to see how this market will develop in the coming months.