Vienna in transition: exclusive apartments and a green future in sight!

Vienna in transition: exclusive apartments and a green future in sight!

A lot is happening in the area of ​​housing construction in Vienna. The developers Grossmann + Kaswurm have launched three projects in 2023. At the same time, 3SI Immogroup, known for its commitment to densification and the creation of sustainable living space, is planning four to six further projects in the capital. Michael Schmidt, Managing Director of 3SI Immogroup, emphasizes the importance of combining tradition and modernity in order to create living space with a high quality of life and thus respond to increasing demand.

A particularly ambitious project by 3SI Immogroup is the “showpiece” on Tendlergasse in the Alsergrund district. The apartments being built there will be equipped with high-quality materials, including French herringbone parquet and spacious private gardens and terraces. The aim is to achieve a high climate standard so that the building can receive the klima:aktiv Gold certification.

Market development and price trends

An interesting facet of this housing market is the prices: the apartments in the “showpiece” are to be sold at a price per square meter of around 8,500 euros, instead of being rented out long-term. This trend towards real estate disposal is also linked to political measures. According to Grossmann, the rent control means that many landlords are forced to sell their properties, which could lead to a long-term decline in rental apartments, especially in less sought-after locations.

In addition to the development of new projects, the question of urban development quality is also addressed. The BBSR In one of its last editions, it dealt with the initial situations and approaches to densification in various cities. The aim of these studies is to improve the quality of life in neighborhoods and to develop tailor-made solutions for different types of urban development structures.

Scientific support and recommendations for action

The studies are scientifically supported by experts from the Federal Institute for Building, Urban and Spatial Research. Renowned architects and urban planners such as Norbert Post and Hartmut Welters come into play here. Above all, the results of the case studies on climate-friendly densification provide valuable recommendations for action for those involved in urban development.

The combination of the new residential projects in Vienna with the findings from scientific work promises an exciting development for the city. The challenges of the market, in particular the need to create living space while taking climatic aspects into account, will be crucial in the coming years.