Buying Real Property in Austria
Where to buy Property in Austria?mAustria boasts some of the best ski areas in Europe and as such these areas are popular with foreign buyers, especially as holiday homes. The main areas of population in Austria remain around the Innsbruck, Salzburg and Vienna regions which make up about 70% of the total population.
Cost of Living in Austria
Austria has always remained high in the table of cost of living like its neighbour Germany. However with its entry into the EU, the price of imported goods is starting to show a reduction in the countrys frontline costs thus reducing the average cost of living.
Solicitor / Lawyer
An Austrian solicitor/lawyer would normally be employed to handle the sale and buying contracts. Most reputable practices have someone who speaks good English.
The standard % usually works out at approximately 10% of the sale price, this is made up of property transfer tax of 3.5% and notary fees around 3-4%. Property registration around 1% with stamp duty 0.5-1%, the land registry fees averaging a payment of around £300 / £420.
Will be between 0.5-1% of the properties assessed value and should be lower than the market sale value.
Wealth tax of 1% of your net worth irrespective of your resident status is charged for Austrian property owners.
Can be arranged through either international brokers or from an Austrian banks for both residents and non-residents with variable interest rates and payment terms being available. See our Mortgages Link
For more information on buying property in Austria, please contact the Real Estate Agent in question or visit the
Austrian Government website:
For more information on Austria Property visit our Agents Page
18 Belgrave Mews West
Tel: +44 (0)207 235 3731
Fax: +44 (0)207 344 0292
Property Prices in Austria Guide
Range Varies, for example:
From £50,000 / £79,500 for a studio apartment
From around £70,000 / £93,500 for a small apartment
From £80,000 /£111,000 and up for a larger apartment
Detached homes from £180,000 / £250,000