The situation on the Vienna home market remains tense at the start of the year. The offer gap is increasing, especially in the rental segment, while the real estate market is restoring.
This stems from the current market report of the real estate adviser EHL. Accordingly, the number of new construction projects remains low despite falling interest rates, which leads to a further decrease in completion.
The purchase of the completion is tightened
According to the EHL, the number that is re -completed apartments is considerably lower than the level of the previous year in 2025. The decrease in the rental apartments is particularly drastic – this year is expected with a decrease of more than 50 percent compared to 2024. “The gap in Vienna will continue to increase,” said the analysis. Political measures such as the suspension of indexing in old tree areas can also tighten the situation.
Although institutional investors continue to act hesitantly, projects that are originally planned as rental objects are increasingly reached in individual sales. The total number of condominiums offered remains relatively stable.
The real estate market stabilizes
The property segment shows a considerable recovery. Both self -users and pension buyers seem to be more active, fed by the interest rate of the European Central Bank (ECB) and falling financing costs. Especially in good layers, prices attract somewhat. At the same time, the space for negotiation is shrinking: according to EHL, price reductions are only in the low percentage range with one digit.
The demand for rental apartments remains high – the supply is far from sufficient. Apartments would move the previous tenants more and more immediately after his move, “said Ehl. Interested parties would have to decide quickly, especially in the case of wanted locations in the middle price segment.
Rent rental well good about inflation
The prices on the rental market are developing accordingly. EHL expects an average increase in the rent of 5.4 percent for the year 2025. In the first quarter, the real growth of approximately 2.3 percent was registered for the previous quarter in the first quarter. The rental prices also rise considerably in the existing stock.
In 2025, an average price increase of approximately 2.2 percent was expected for condominiums. According to EHL, the prices of square meters are already up to more than 7000 euros in particularly popular locations such as the indoor districts.
EHL expects the construction activity to fall under the actual living space at least until 2029. Moreover, despite individual positive signals, no rapid approval procedures can be expected. The uncertainty among project developers remains high – not least because of the current and announced legal interventions such as rental price brakes or indexation restrictions.
Source: Krone
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