Encircled by the grand Ringstrasse (The Ring) boulevard, Innere Stadt, Vienna’s old town, is the historic and emotional heart of the Austrian capital.
“It’s the best address you can have in Vienna,” says Martina Abiodun, a sales associate with Austria Sotheby’s International Realty, who adds that Vienna has been awarded the title of “most livable city in the world” for several years in a row by various organizations. “Some parts are elegant and fancy, but other parts are young and stylish enough to attract a very hip crowd.”
Centuries-Old Condos and Apartments
Innere Stadt, whose name means “Inner City,” is defined by old-world apartments and condos, most of which are early 20th-century houses and palaces in the Wilhelminian and Art Nouveau architectural styles.
“Some of them are more than 300 years old,” Abiodun says. “There are hardly any new buildings because they are protected historically. Within the last decades, they have been carefully restored and modernized to match today’s standards of living on a high level.” Prices, she adds, are €10,000 to €30,000 per square meter of living area (US$12,027.60 to US$36,082.80), depending on location and amenities.
“In the last several years, many luxury penthouses with big rooftop terraces, some of them with private pools, have been built on top of historic houses,” Abiodun says. “Usually, they offer a stunning view all over Vienna and all the luxury amenities a buyer at that price level desires.”