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9. Alsergrund

Alsergrund is the 9th district of Vienna with a total area of 2.97 km² and a total population of 40,882 citizens. This district is a very attractive for prospective investors due to many different factors: The proximity to the city centre guarantees an all-year tourist flow. Furthermore, the transport system is highly developed (metro lines: U6, U4; the line U2 is next to the district`s border; 10 tramway lines; train station Franz-Josefs-Bahnhof). There is also an incinerator with an artistically designed facade by Friedensreich Hundertwasser. In the former Roßauer military barrack is nowadays the Austrian Ministry of Defence located.

The district is densely populated: there are 1,582 apartment buildings, 120 of them were built after the year 1991. Still, there are a lot of building sites for new projects. According to statistics, the average living space is around 78m² and the living space per head is approx. 41m².

Alsergrund is known as the district of academics and doctors. This characterization is due to the high number of hospitals (Allgemeines Krankenhaus; St.Anna Knderspital) and higher education institutions in this area (Various Institutes of the University of Vienna, Medical University of Vienna, Lycée Francais de Vienne, etc.). This leads to a high number of students and, thus, also to a high demand for rented flats. The average leasing price is around € 14.93/m² per month.

Alsergrund has a lot of tourist attractions: Sigmund Freud Museum, Schubert`s birthplace, The Money Museum, Museum of the institute for the History of Medicine, Volksoper Vienna, numerous theatres, etc. All mentioned factors lead to following prices on the real estate market: a prospective buyer has to pay for an apartment in the 9th district about € 6,273/m².

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