Property and land for sale in Austria.

Ski chalets in snow

 Apartments, Chalets, Guesthouses, Hotels and even Castles!

Welcome to our Amazing Austria website.

We are a property consultancy based in Devon, south west England.  We are here for you discuss your property requirments or to come visit us before a trip to Austria. We have been advising and helping clients to purchase property and land in Austria for over 15 years.

Hopefully our site gives you the information you may need when making the decision about buying property and land for sale in Austria….

…but if you have specific questions, please email us.

Property and land for sale in Austria
It costs you no extra to buy or invest in property and land with Amazing Austria. You get unbiased advice and guidance.  We work together with our Austrian estate agent colleagues to find the property best suited to your lifestyle requirement.

LINK for Snow reports at the resorts

Webcams for villages

Our Wolfgangsee webcam

Keep up to date with the Music and News from Austria. Choose from 12 radio stations.

Listen to Austrian Radio

News Update Austria

 


Smoking in Austria, to remain?

smoker with glass
  AFP PHOTO/JOE KLAMAR

 

The new  leadership in Austrian politics, have put forward plans to retain the right to smoke in certain places.

The law to ban smoking in all Bars and restaurants, was due to be fully implemented by May 2018.  But because of the lobbying by small bar and guesthouse owners, things are no longer as staright forward!

Austria’s far-right Freedom Party (FPÖ) said on Monday that a planned ban on smoking in all bars and restaurants due to come into force in mid-2018 will be scrapped.

FPÖ chief Heinz-Christian Strache said that the reversal was agreed in ongoing talks to form a coalition with the conservative People’s Party (ÖVP) following elections in October.

“The freedom to choose lives on. The existence of restaurants (particularly small ones) has been secured. Thousands of threatened jobs have been saved,” said Strache, 48, himself a smoker.

Unlike in most of Europe, in Austria people can smoke in eateries under certain conditions — which are widely flouted — including that it is confined to separate rooms.

The outgoing government, a coalition of the ÖVP and the Social Democrats, passed a law in 2015 banning smoking completely in bars and eateries, which was due to take effect next May.

The new government, which Strache and non-smoker ÖVP head Sebastian Kurz, 31, want installed before Christmas, will however make some concessions, media reports said.

Under-18s will not be allowed in smoking rooms of bars and restaurants, smoking will be outlawed in cars if under-18s are inside, and the minimum age for smoking will rise from 16 to 18.

Source: The local


 

 

Is BREXIT affecting the Austria property Market?

Is Brexit affecting the Austrian proeprty Market…this is a question we get asked a lot.  From the UK buyer point of view it can be worrying to invest in a market that perhaps will have restrictions on Uk travellers.  But if one is logical, people have been buying in Europe before the EU seemingly became one large country!!

So even if a visa is required, as when one travels to the USA and other countries, it is only a little bit more paperwork.

So, for property purchase, the problem has been the Banks lack of mortgage availability for the last few years….this has of course meant people with a non Euro income cannot get a mortgage!  This has also affected Banking business and consequently profits.  Many of the major lenders have been lobbying the Gov ernment to ease up on these restrictions…so watch this space.


Is smoking affecting the property market?

As of 1st January 2018, smoking is banned in all interior bars and restaurants.

The Austrian’s have had a few years grace to come to terms with the effects of this law. But it will affect the small guesthouse with a bar. Many of these guesthouses rely on the locals who come in and sit at the bar with a few beers…and of course quite a few cigarettes!!

We have already noticed that this past year, more requests from Guesthouse owners to sell up their property, as they feel the locals will not want to sit outside in the temperatures we have in Austria over the winter months!!

So, one could say smoking is affecting the property market, and with many more properties coming onto the market, this will have the effect of depressing property values…particulary in the less touristic areas.

Maybe now is the time to consider that investment in Europe and pick up a bargain, as one does not need to continue a hospitality business, but simply enjoy a very large property near ski and lakes at a lower price.??


 

The buy to let market in Austria

The buy to let market in Austria now seems to be catching up with other forms of investment in Austria.

With the advent of new regulations on Holiday apartment letting, many clients are turning to the long term rental market.

This of course is good as a pure investment, as it should generate a 6% return. Still better tan depositing money in the bank and you also have the Capital gain on value. …but if you wish to have a holiday home for own use and a rental income, this is not suitable.

Many families and friends are pooling their resources to buy a property, so they do not need to holiday rent. This can have great advantages, if say two or more people buy, and share the running costs and the use.

 


 

New rules for Holiday property renting.

The Austrian authorities have moved the goalposts once again!  The latest regulations for holiday renting are coming into force on 1st January 2018.

These stipulate that second home apartments can not be commercially holiday rented…ie: using websites such as Bookings com etc, to sell rentals . Unless of course the owner gets permission of all the other owners in a building.  As this is very unlikely to happen, it means that if you own a holiday apartment with secondary residence status, you can only use as a second home for yourself, family and friends. You can also rent long term and have a tenant but you cannot commercially holiday rent, the apartment, for short periods.

This of course is going to have quite a knock on effect to the property market.

It will mean of course that the value of many properties will drop, because of the restriction. Part of the benefit was to holiday rent to get a return on your investment, and of course this in itself would have added a premium to the property value.

Is it a plan by the government to bring more properties back into the local long term rental market??…only the Government can answer this. But if one considers that the local elections are coming up on Sunday 15th October, and much of the gist is about Fairness for Austrians…maybe this gives a hint of things to come.

We will be updating as we get more information.

 

New page for European property

Many of our subscribers own property in another European country, be it Spain, France, Italy, England etc.  They have asked us to promote their property for sale on our website.

We felt the best way to help all our clients and subscribers was to have a separate page for Europe. So over the coming month we will build and introduce a European page to showcase subscribers property that they wish to sell or rent.  Watch this space.


 

Can my apartment be used for holiday renting?

This is becoming an ever more popular question from our subscribers and buyers.

The fact that Austria keeps moving the goal posts does not help! The latest regulations about holiday renting your apartment have become more restrictive.

It was that you could holiday rent, if more than 50% of the other owners agreed, but now in many areas, as from 1st January 2018, you would need the agreement of every other owner in an Apartment building.  So what is the answer?

Unless an apartment is for your own, family and friends use. we would suggest that, if you want to holiday rent, to get an income, it is best to invest in a house or chalet...they are generally better value and have no problems like in an apartment block!

There are of course specific build schemes and projects for holiday renting ownership, but these return very little…perhaps 2-3% maximum …and that is before deductions!

So, to get your dream holiday home in Austria, consider joining with friends and family to increase a purcase budget.


Google Street View finally maps missing Austria!

Google street view

 

 

Google’s Street View cars started on Thursday taking images in Austria, the only EU country along with Germany to remain largely absent from the popular online service showing 360-degree pictures of places around the world.

The project, launched in 2007, lets computer users view panoramic street scenes on Google Maps and take a virtual “walk” through cities.

The photos are processed in the United States, where details such as faces and registration plates are automatically blurred before being published on Google Maps.

Some countries have been reluctant to grant Google access because of worries linked to data collection.

In 2010, Google had begun to roll out its service in Austria and neighbouring Germany but was ordered to halt operations over alleged privacy breaches.

The company admitted that vehicles had accidentally recorded personal data from wireless networks.

Although Austria lifted its temporary ban a year later, Street View decided not return to the alpine nation — until now.

The fresh start was timed to coincide with Street View’s 10-year anniversary, Google said in a statement.

Cars equipped with special cameras will tour Vienna, Linz and Graz until November.

“The official launch of Street View in Austria is expected to happen in six to twelve months,” Google Austria spokesman Wolfgang Fasching-Kapfenberger told AFP.

Under Austrian law, Street View cars will only be allowed to capture photos but not videos.

The service still has a very low penetration rate in Germany, which has some of Europe’s strictest privacy laws due to the abuses under its Nazi and communist dictatorships.

As a special concession to privacy concerns, Germans can have their homes or businesses pixelated, as well as opt out of the service altogether.

Source: The Local – Google


 

Germany’s upper house of parliament has approved a controversial law imposing tolls on the country’s famous autobahns (motorways), in the face of objections from neighbouring countries who say it discriminates against foreign drivers.

Austria immediately announced it would file a legal challenge with the European Court of Justice.

The law is the result of a compromise struck with the European Commission last month, after it threatened to take Germany to court if the toll project was not made fairer to foreigners.

It includes lower costs for the short-term passes most likely to be used by visitors, with prices for a 10-day pass now starting at €2.50 ($2.67) for the most environmentally friendly cars.

The price for an annual pass will be capped at 130 euros for German and foreign cars, but German-registered drivers will essentially be refunded the money thanks to a matching reduction on their motor vehicle tax bill.

Berlin’s plans have angered neighbouring Austria, Belgium and the Netherlands which see the toll as a levy on foreign cars only.

It was “not a good sign for Europe” that Germany was introducing the toll, Green party politician Winfried Kretschmann told the Bundesrat — the upper house of parliament representing Germany’s federal states — on Friday, calling it a “foreigner toll” that would inflict “great political damage”.

German states that border other countries fear the toll will discourage tourism and trade with neighbours.

But conservative transport minister Alexander Dobrindt has rejected the criticism, saying that most cross-border traffic moves on smaller roads not subject to the charge.

Austrian Transport Minister Jörg Leichtfried, announcing in Vienna the planned legal challenge, called the European Commission’s behaviour “scandalous” and the toll “discrimination based on nationality”.

 


 

How is Brexit affecting the Austrian property market?

We have certainly noticed a slow down in requests for Austrian property from the British Buyer.

Linked with the uncertainty over citizenship rights in EU, people are putting on hold their dream of that little ski chalet or apartment in the mountains.

When we have asked them about long term plans…these remain the same, but waiting for Great Britain and EU to clarify matters.  So, unfortunately, until that happens, I feel we will see a flat holiday property market, except for those individuals who are buying an Apartment house, Guesthouse or business in Austria.


 

Property prices in Austria  39% increase!

Property prices in Austria have risen by an average of 39 percent since 2010!

A new house in Austria (123m2) now costs on average €359,000. Prices for new-build properties have increased the most over the past six years in Styria (where the average cost is now €301,000), Burgenland (€260,000) and in Lower Austria (€338.000).

New homes are most expensive in the capital Vienna, where a 123m2 apartment or house costs around €471,000 – an increase of 22 percent since 2010.

The value of older properties has also risen on average by around 35 percent. “Anyone who purchased property in 2010 can be very happy from today’s point of view,” according to Christian Nowak, Managing Director of ImmobilienScout24 in Austria.

Bargain prices for older properties can be found in Burgenland, Carinthia and Styria – with average prices for a house between €230,000 and €290,000. In Vorarlberg and Salzburg you can expect to pay double or triple that, with average prices between €515,000 and €560,000. The most expensive older properties are in Vienna (where a house or apartment with 169 m2 will set you back around €710,000) and in Tyrol (where average prices are €640,000).

New-build apartments now cost on average €351,000 euros for 80 m2.

Monthly rental costs have also risen in the past six years. For a used apartment you can now expect to pay on average €9,80 per square metre (not including operating costs) – an increase of 11 percent since 2010.

Rental prices for new properties have risen steeply, by 21 percent, with average costs now €11,50 per square metre. In Vienna council-owned properties, where rents tend to be cheaper and only rise according to inflation, are in high demand. Wiener Wohnen says it currently has 13,100 people on its waiting list, who have registered their interest in renting a council flat.

The fact that property prices are increasing should be cause for alarm, says Georg Spiegelfeld, president of the Austrian brokerage network Immobilienring IR. “There are not enough properties available and this problem will increase. Around 300,000 people are expected to move to Vienna over the next few years… and the city has not prepared for this.”

He said that the only answer is to “build, build, build and redesign”.


 

Am I allowed to buy in Austria?

We get asked this question so many times, and particularly with Brexit looming.  Am I allowed to buy in Austria and would the goverment take my property?? One could ask the same questions about Cornwall, with the changing rules.

Well, people were buying in Austria before the UK joined the common market, and will no doubt still be buying when we are not in the EU.

Yes, you are allowed to buy in Austria, just as a Non European can buy if they conform to the rules. This is the part that has changed.  There are new rules and regulations for buying and financing property, and this applies to all EU citizens and not just the British!

We realise it can be confusing as people hear different stories from friends or read different information on the internet.

We do not have enough space here to cover all in detail, but to try guide and clarify; Austria has separate criteria for different regions, villages and areas, plus differing property designations!

You can generally buy a house or apartment in all regions of Austria to live in as your main residence. The Austrian tax office are very happy with this, because as a main resident all your worldwide income would be taxable in Austria.

So, the parts that are difficult are the secondary residences and holiday useage.

Secondary residence, is the permission to have a second home for your own and family use. It does not imply permission to rent it out for holidays to all and sundry. Many buyers have been caught out with this. We get phone calls and emails saying they have bought a holiday apartment and are not allowed to rent it!

Can we help? Sorry, we cannot, it is too late. It is down to the management company and all the other owners. They would need to get more than 50% of other owners agreeing to their commercially letting for holidays.

Certain areas are designated as holiday use, but this does not mean that every apartment building is a holiday use!  So, there are 2 things to check here. Does the area and the building allow holiday renting use?

It is always best to take legal advice or get your consultant to check all these things for you.


Have Austrian mortgages become extinct?

existing 


 

Is the Austria Property Market being affected by fall in Sterling value?

ChaletsThe fall in Sterling’s value, has affected the British buyer, but not the general property market.

Local Buyers and those from surrounding countries buy in Euros, as does the Irish buyer.

So, the effect on the Austria property market, minimal.  But what about the British buyer, is there anything they can do to negate the low exchange rate?

Many British buyers are opting for Off-Plan new build projects. With these it only requires a deposit and then the payments are staged over the period of the build, giving more time for Sterling to recover…link this with a small mortgage, as most new build projects have financing in place and you are on the winning side.

The other sensible option is to have a Sterling Account at the Austrian Bank. This works by depositing your funds in Sterling…they remain in Sterling and act as a guarantee for a Euro mortgage. (email us if you want more information)

The benefits of investing in the Austrian property market is that: it does not have the ‘Boom and Bust’ periods that other European nations have. This is down to the Capital gains taxes on resale profits.


Could the weather affect Austria property prices?

st-anton-warm-weather

Spring skiing in Austrian resorts like St. Anton or Ischgl could become a thing of the past if a long-term trend discovered by Swiss researchers continues.

This could certainly affect the value of property in the alpine resorts. In a new study researchers found that Switzerland has nearly 40 fewer snow days a season than it did in the 1970s, even in high altitude resorts. Austrian resorts mirror this change.

The situation could have a serious impact on ski tourism in the Alps, with the higher resorts which typically offer Spring breaks also affected. This would have an effect on property prices, either dragging them lower or remaining static.

Austrian experts echo the Swiss findings, with the Central Institute for Meteorology and Geodynamics (ZAMG) confirming that a higher average temperature rise has been recorded in the Austrian Alps compared to other regions around the world, and that this means that “in principle we can expect a shorter duration of snow cover in the Alps”.

Perhaps the answer for property investors is to look to the lakeside resorts that get high tourism figures in summer and Christmas markets in winter months?

Source: The local:

Photo: St. Anton ski resort. Photo: 24seven/Wikimedia

 

 


Amazing Adriatic arrives!

Croatia sea landscape2

Over the years we have had many requests from our clients about property on the Adriatic coast. Being only 2.5 hours drive from Austria to Croatia, many Austrians use this area for main holidays and weekend breaks…perhaps a little similar to Londoners visiting Devon!

Well, we have listened and working together with our Adriatic colleagues, we are pleased to announce the launch of our new property investment pages for the Adriatic coast.

Is it safe to invest there?  Yes.. the legal system is similar to Austria, where all properties are registered……there are of course older properties with ownership problems..mainly because families never registered a property correctly, but this is why you pay a lawyer!

Over the coming weeks we  will be adding many property choices ranging from small farmhouse to luxury villas driectly on the coast.  So, please make it a habit to visit us regularly.   Adriatic pages.


 

 


Property and land for sale in Austria. Check all our property and land for sale in Austria pages. There are properties for holiday use or investment in most sort after areas of Austria.

Open a currency account to purchase property in Austria.


Featured Properties

 

 

Guesthouse near Gross Glockner ski.

9842 Stampfen, Austria

  • 400m2Area
  • 9Beds
  • 9Baths
  • AA/MARef:
  • 1500+Total Plot

Chalet House at Gundersheim, Carinthia.

Gundersheim, Austria

  • 171m2Area
  • 5Beds
  • 3Baths
  • AA/BWL/KarntenRef:
  • 900Total Plot

Large Family House in Bad Gastein.

5640 Bad Gastein

  • 200m2Area
  • 7Beds
  • 2Baths
  • AA/SG4596Ref:
  • 1,013Total Plot

 

 


Translate »