The latest trends – International buyers in Vienna

Homes with that Viennese je ne sais quoi are at the top of international clients’ wish lists. And the need to live sustainably is more and more pressing.

Fotos: Feistritzer, Schreinerkastler, Christian Steinbrenner

High ceilings, Viennese style, suffused with natural light: Richard Buxbaum (Head of International Residential) knows what international clients are looking for in Vienna. The expert is responsible for these buyers at OTTO Immobilien and always knows what his clientele wants – even though their wishes are constantly changing. But some things, like air conditioning or en suites for every bedroom, never change. "However, we’re already noticing that the pandemic has made outdoor spaces important, which wasn’t the case at all before", he reports.

The clear topic for the future? Sustainability.

"They want to feel that they are doing a good deed – such as by having a low energy consumption, using sustainable building materials or flushing the toilet with grey water", explains Buxbaum. In addition, it’s increasingly a case of being in vogue: locations with trendy markets nearby, like the Karmelitermarkt, Yppenplatz or anything around the Naschmarkt, are even more sought-after than they were before. Especially when they are easily accessible by bike.

International property market – Growing demand from abroad

As a safe location with a good healthcare system and cosmopolitan vibe, Vienna is becoming more and more attractive.

"Demand from abroad is growing again. In particular, clients who arrive by car from Germany, Switzerland and other neighbouring countries are already very active on Vienna’s residential property market’, reports Richard Buxbaum: "But even Australians and New Zealanders are coming, which is quite surprising."
 

OTTO serves international customers in an exclusive Austrian cooperation with the globally respected estate agent network of Knight Frank: regardless whether clients from Dubai to Dallas are purchasing apartments or investment properties in Vienna or Austrians want to sell real estate between Sydney and Stockholm, they all receive professional, cross-border support in their respective home markets.

A collaboration that will be more and more important in future because globalisation is progressing apace everywhere. ‘I see Vienna in 2030 as a very sought-after, multicultural city that’s an attractive place to live and that will have a special, unique vibe due to the good integration of various cultures’, predicts Buxbaum. However, the gap between rich and poor will continue to grow internationally, he is convinced. And Vienna is a very popular place, he continues, even more so after the pandemic than it was before.
 

Mag. Richard Buxbaum:

☎️ +43 1 512 77 77 300
📧 r.buxbaum@otto.at

⭕️ Head of International Residential at OTTO, authorised officer
⭕️ over 30 years’ experience on Vienna’s residential property and apartment building market
⭕️ CÄSAR 2017 (Austria’s best estate agent)