Real Estate | Property

Austria is located in central Europe; it joined the European Union in 1995 and entered the European Monetary Union in 1999.
Up until Austria’s entry in to the EU there had been a number of restrictions on foreigners owning homes in Austria with permission needed from local authorities.. However, these laws are to be reviewed to [...]

The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.
Assumptions:

The property is purchased by a non-resident foreigner in the country where he/she is buying
The property is worth US$250,000 (€250,000 for Europe)
The property is paid in cash
The property is a [...]

INDIVIDUAL TAXATION

INCOME TAX
Non-residents earning income in Austria are subject to “limited tax liability” where only their income sourced in the country is taxed (this includes rental income). Married couples are taxed separately. Rates applicable are:
 

INCOME TAX RATES

TAXABLE INCOME, €
MARGINAL TAX RATE

Up to €10,000
nil

€10,000 – €25,000
38.333% on band over €10,000

€25,000 – €51,000
43.596% on band over €25,000

Over [...]

The information duty replacing inheritance tax effective 01 August 2008 is known as ‘gift reporting tax’ (shenkungsmeldegesetz). This is levied on all gifts, donations, grants over €50,000 between relatives and over €15,000 between non-relatives. Occasional gifts exceeding €1,000 is also subject to gift reporting tax.
Inheritance Tax
Inheritance tax as of 01 August 2008 is abolished. However, [...]

Austria, which is officially known as the Republic of Austria, is a country situated in the central part of Europe and has the famed classical Vienna as its capital city. It is a country that is largely mountainous because it is situated in the Alps, with only about a quarter of its area considered low [...]

Austria property price history
Vienna’s residential property market is rising more slowly, while the rest of the country accelerates. The residential property price index for Vienna rose by 4.07% for the year 2007 (1.99% in real terms). This was less than the 7.8% price rise in 2006 (5.73% real).
The property price index for Austria as a [...]

How high are realtors’ and lawyers’ fees in the Austria? What about other property purchase costs?
 

Transaction Costs

 
 
Who Pays?

Legal Fees
1% – 3% (+ 20% VAT)
buyer

Property Transfer Tax
3.5%
buyer

Registration Duty
1%
buyer

Notary’s Fee
€120 per signature (+ 20% VAT)
buyer

Estate Agent’s Fee
1.5% – 2% (+ 20% VAT)
1.5% – 2% (+ 20% VAT)
buyer
seller

Costs paid by buyer
7.50% – 10.32%

Costs paid by seller
1.80% – 2.10%

ROUNDTRIP [...]

Property purchasing process is quite easy in Austria. You would love variety of ski chalets sales, hotels, resorts, old buildings that are meant for sale. The moderately populated nation is a perfect peace living country and you find solace everywhere you go. Various properties in Austria are ready for sale which include apartments in Zell [...]

The Austrian Property Market
In considering an overview of real estate in Austria, the most striking fact associated with real property in that country is the fact that overall the costs associated with real estate in Austria is higher than any other country in Europe. In addition, the cost of living in Austria generally is higher [...]

One of the most beautiful countries in Central Europe, Austria is every bit a visitors paradise. It has everything – from icy Alps in the West to the picturesque Danube Basin in the East. Austria has been among the leading lights for the European unity and is largely due to its efforts that the European [...]