To celebrate the Waltz ball season, we have organized the « Vienna Walz Gala and Luxury Real Estates » in partnership with our Member in Vienna, Boerner. A terrific event that took place January 16-19, in the historic capital. Read our Member’s unique insight on Vienna prime property market below!
Because you can quite easily see the development of international markets [in Vienna], as a realtor you always have a few years to react
The Prestige MLS event dedicated to the Waltz season in Austria has been a great success, providing our Members with a comprehensive look over what makes prime real estate in Vienna. The 3-day business trip went from a sophisticated dinner at a trendy spot, the Albertina Passage, to eating typical Viennese sausage, to discovering historic properties in the city, and of course eventually attend the Gala Waltz.
Thilo Boerner, Manager at BOERNER Ihr Hausmakler GmbH, has written us a short piece to describe Vienna prime property market:
« An old Viennese saying describes perfectly the price and market situation of Vienna in a few words: ‘Vienna is not spectacular and this is the spectacular thing of this market.’ Because you can quite easily see the development of international markets, as a realtor you always have a few years to react if you work on the Vienna market. It is not an intense market, and ups and downs are rare, as opposed to the American or the London market where the financial crisis as dictated the markets’ ups and downs. »
« Prestige MLS is focused on the high-end and top-tier real estate market so at our realty, we concentrate on the following: prices are generally higher when closer to the underground system and the center, as well as more green and south/west oriented. Usually, prime homes were either built before 1915 (imperial style) or on the opposite site as modern and energy efficient as possible. »
« This adds up to give the micro-area a good reputation, built on the quality of houses. BOERNER Ihr Hausmakler can help judge this by yourself! The price for a new-built flat or totally renovated house can go up to 30 % higher than a regular one. »
For a complete overview of Vienna luxury property market and feedback on our event, watch the interview of Thilo Boerner here or see it below:
