Favoriten is the 10th district of Vienna. It is the most densely populated district: on a total area of approx. 31.82 km² live 189,713 citizens. The 10th district is very interesting from an investor`s standpoint. Although Favoriten already has an astonishing number of residential buildings (in total 11,838; however, only 2,333 of them were built after the year 1991), there are still numerous potential building sites and because of the constantly rising population there are a lot of projects (2011: 177,989 citizens; 2015: 189,713 citizens), e.g. the Sonnwendviertel.
The average living space is around 64m² and the living space per head is approx. 31 m². In Favoriten, there is the University of Applied Sciences (“Fachhochschule Campus Wien”) which leads to a high number of students in that area and, therefore, also to a high demand for rented flats. Another highlight in Favoriten is the transport system. There is a central station – 150,000 people use this station every day – and two subway lines (U1, U2). Both of them are being extended at the moment which contributes to the district`s progression.
Favoriten offers many possibilities for leisure activities. The mountains Laer Berg and Wienerberg have a picturesque park complex and numerous recreational areas (in total there are 14.25 km² of green areas in the district). The well-known Favoritenstraße is a pedestrian zone with boutiques and cafés of all kinds and tastes. Historic touristic attractions, as the “Spinnerin am Kreuz”, the Antons Chrurch and the Kepler Church guarantee an all-year tourist flow. The purchase price for an apartment in the 10th district is around € 3,893/m² and the rental price is around € 14.72/m².