Property in Austria
















































































































Austria. Supplemental information
Selection of real estate in Austria
Austria. General information about the market
Real estate prices in Austria continued to grow despite the weak economic growth. Healthy dynamics observed in almost all parts of the country. The highest growth was recorded in Vienna. Thus, during the construction boom (2003-2013 gg.) Prices in the capital rose by 99.6%. During the same period the cost of housing in the rest of Austria increased by 37.1%.
In residential real estate premium of 60% of the buyers market - the Austrians, 40% - the foreigners, for the most part the citizens of Eastern Europe - Russia and Ukraine. Due to the high standard of living in the Austrian real estate were more likely to invest the Italians, Swiss and Americans.
The dynamics of housing prices in percent according to the National Bank of Austria.
Popular regions and prices
Maximum share of transactions of purchase and sale of real estate in Austria accounted for the country's capital - Vienna. The most dorogon accommodation located in the first district (Innere Stadt) - luxury apartments here are 10 000-17 000 euros per 1 square. m. 2-storey penthouse in the First District is 3 million euros.
Graz apartments are 2600-3100 euros in Salzburg - 3300-4600 euros per "square".
The process of buying and mortgages
When buying real estate in Austria, foreigners - citizens of countries outside the EU - are facing a number of difficulties. Specific rules should be specified in the municipality, where the selected object. For example, to buy an apartment in Vienna, the Austrian foreigner must have a residence permit, an alternative way - making a purchase on the Grid. face.
The process of buying on the physical. face is standard and then select an object involves the introduction of a security deposit in the amount of 10%, which is held until the transaction is completed.
Foreigners may also qualify for a mortgage. As a rule, the bank gives no more than 50% of the value of the property for up to 25 years. The average rate on the mortgage banks in Austria - 3%.
Taxes and fees when buying a home
Related costs shall entail an increase in the budget by 8-10%. Buyer pays legal fees (1.3% + 20% VAT), tax on transfer of ownership (3.5%), registration fee of 4.5%. Commission agents are paid equally by buyer and seller of 1.5-2% (+ 20% VAT). For each notary's signature is necessary to pay an extra 120 euros.