Währing is the 18th district and is located in the north-west of Vienna. It is one of the greenest areas of the city and apart from the natural scenery, there is also an architectural variety observable: around the Vienna Beltway Währing is densely built-up mostly with residential building. Therefore, this is a very attractive area for investors who want to invest in such real estates. In the other part of the district there are Villas and single-family homes. There is a well-known region called “Cottageviertel” where numerous Villas built in the 19th century in the style of English farmhouses.
The total population of Währing is around 49,178 citizens. This district is known as a noble neighbourhood, amongst others because there are many embassies (Israel, Republic of Korea, Grand-Duchy of Luxembourg, Ukraine). In total, there are around 4,228 residential buildings in Währing, 2,113 of them were built before 1919 and 462 after 1991. The average living space in the district is around 79m² and the living space per head is approx. 40m². It is worth mentioning that many construction projects are focussed on the expansion of Lofts and rooftops.
For the maintenance of the demand for rental apartments contribute especially higher education institutions, as the University of Natural Resources and Life Sciences and the Institute of Astronomy with the University Observatory. Latter is also one of the main tourist attractions of the district. Further attractions for tourists are also the world-famous cemeteries Währinger Friedhof and the Jewish cemetery. Notice that the prices for real estates in Währing are very high: the purchase price for an apartment is approx. € 5,915/m² and the rental price is around € 15.10/m².