Vienna real estate market — prices, rental yield and trend
- Average price: $5,084 / m²
- Gross rental yield: 4.34%
- 12-month price change (USD): -0.8%
- Net rental yield: 3.42%
- Transaction cost: 10.1%
- Price basis: local-market average
Residential property in Vienna averages $5,084 per square metre. In dollar terms the market has barely moved over the last twelve months (-0.8%). That makes it the 34th most expensive of the 131 markets in the set.
What a buyer pays in Vienna
The $5,084 figure is a local-market average across all residential property types: a flat in a prime district sits well above it, an older unit on the edge of the market well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.1% of the price here. On a 100 m² apartment at the average price that is roughly $51,348 on top of the $508,395 purchase price. That is close to the 9.5% median across the set. That is 29.8% below the Austria national average of $7,243.
What it earns
A square metre lets for about $18.4 a month. Against a purchase price of $5,084 per square metre that is 4.3% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 113th of 151 markets by gross yield. Rental income is taxed at 15.3–27% — the rate is not a single number here. That is the difference between 3.2% and 3.7% net on the same property. The 3.4% net figure we publish uses 21.2%.
How the tax works. Progressive under EStG §§ 98 and 33 at the 2026 tariff: a non-resident's taxable base is increased by €11,077 (§ 102(3)), so most of the zero-rate band is lost, and there is no flat expense allowance; that gives 15–27% across typical rent levels. Building depreciation (1.5% a year) is not included because it depends on the property's value, so the real burden is correspondingly lower. Source: PwC / USP.gv.at.
Where the price sits against its own history
Prices are +5.4% over five years and +49.2% over ten in local terms.
Vienna house price index, 2016–2026 (2016 = 100)
| Year | Index |
|---|---|
| 2016 | 100 |
| 2017 | 101.5 |
| 2018 | 106.8 |
| 2019 | 112 |
| 2020 | 119.5 |
| 2021 | 132.5 |
| 2022 | 145.3 |
| 2023 | 141.9 |
| 2024 | 137 |
| 2025 | 139 |
| 2026 | 141.6 |
Rebased to 100 in 2016, the index stands at 141.6 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.
Who can buy in Vienna
Freehold; non-EU buyers need provincial approval. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
How this figure is built
The price figure for Vienna is built from asking prices from listings. It was last refreshed on 2026-10-15. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Vienna be compared with a country average or another city.
Sources: Otto Immobilien Wohnmarktbericht Q1 2026 via Leadersnet · leadersnet.at · oenb.at. Snapshot: 2026-10-15.
Latest Vienna market analysis
- Austria construction costs up 5.7% for housing in September 2026 — 2026-10-16
- Austrian Home Prices Reached Record Levels With a 5.1% Annual Rise in the Second Quarter — 2026-09-24
- Austrian Building Costs Rose 4.9% in Q2, Outpacing Home Prices — 2026-08-12
Related markets: Austria