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 property and land with Amazing Austria, and you get unbiased advice. We work together with our Austrian estate agent colleagues to find the property best suited for you.

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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.


 

Austria ready to deploy army at Italian border

Immigrant

Austria will “very soon” impose border checks and deploy soldiers on its frontier with Italy if the influx of migrants across the Mediterranean does not slow, Vienna’s defence minister was quoted as saying.

“I expect that very soon border controls will be activated and that an assistance deployment (by the military) will be requested,” Hans Peter Doskozil told the online edition of the Krone daily on Monday.

He was cited as saying that this move was “indispensable if the inflow into Italy does not ease”. The paper said that 750 soldiers were available and that four armoured vehicles had already been sent to the area over the weekend.

Austria introduced checks on its eastern border with Hungary in 2015 and has readied physical measures such as barriers on its Italian border in the south-west, including at the famous Brenner Pass.

Nearly 85,000 migrants and refugees have arrived in Italy by sea this year, the UN refugee agency said earlier on Monday. More than 2,000 others have died or gone missing on the perilous crossing.

“This is not sustainable. We need to have other countries joining Italy and sharing that responsibility,” Vincent Cochetel, the UNHCR’s special envoy for the central Mediterranean, told reporters in Geneva.

Source: The local – Photo: UNHCR/Francesco Malavolta


 

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”.



Austria celebrates only female ruler of the Hapsburg empire.

[caption id="attachment_6925" align="aligncenter" width="640"]Austria anniversary Actors wait in the backstage during a costume play dedicated to the celebration of the 300th anniversary of Austrian empress Maria Theresa’s birthday, on May 11, 2017 in Vienna, Austria. / AFP PHOTO / JOE KLAMAR[/caption]
Austrians celebrated recently the 300th anniversary of the birth of Maria Theresa, with plenty of concerts and Champagne to honour the only woman to have ruled the Habsburg empire.

The empress’s 40-year rule starting in 1740, marked by administrative and educational advances while she consolidated control of her territory, earned her a cherished reputation as the “mother of her peoples”.

Also, she was the mother of 16 children including Marie-Antoinette, future wife of France’s king Louis  XVI and executed by guillotine following the French Revolution.

Though she was just 23, pregnant and ill prepared to rule when ascending to the throne after her father’s death, Maria Theresa quickly surrounded herself with loyal advisors and honed her political and diplomatic instincts. Making her one of the great female rulers.


 

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

 

 


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