We are a property consultancy based in Devon, south west England. Our offices are staffed unlike some companies that only have a registered address in the UK. We are here for you to speak to or visit us. We have been 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….
Property and land for sale in Austria
It costs you no extra to buy property and land with Amazing Austria. We work together with our Austrian estate agent colleagues to offer and also find the property best suited for you. We share with them the government laid down commission structure for property and land sales.
This means it costs no extra and you get unbiased advice from us.
The Austrian National Day is celebrated on October 26 and relates to political developments after WW II.
After the end of the War, Austria was occupied by the four Allied forces (Soviet Union, United States, Great Britain, and France), who divided the country into four zones. The capital Vienna was also divided in four, with the historic central district being jointly administered by the “Allied Control Council”. Although the Austrian parliament was democratically elected, every legislative regulation or political action of the government at first required consent by the Allied Control Council and later on could still be vetoed by it.
As the last remaining foreign troops left Austrian territory on October 25th, October 26 was de facto the first day on which Austria had regained its status as an independent and sovereign state.
Thus, the Austrian Parliament chose this very special day to pass the constitutional law on permanent neutrality to highlight the fact that it represented a unilateral and independent decision. Informally however, Austria’s engagement to permanent neutrality was the motivation upon which the Soviet Union had agreed to the signing of the State Treaty and the withdrawal of her troops.
Every year, the Federal Government celebrates this day with a series of events in Vienna.
The citizens have the possibility of visiting the federal museums for free on that day. Various institutions also open their doors to the public (ie. the Federal Chancellery). Austrian Embassies around the world celebrate the Austrian National Day by hosting a number of different events for Austrian citizens.
Photo: Photo dictionary.com
Are Austrian mortgages becoming extinct?? Well, one would think so, with all the new banking regulations. The Basel 111 agreements have a lot to answer for. But also as of April this year, the new regulations got tougher.
These demand that for a mortgage, the income to support the mortgage originates in Austria. Therefore the government can ensure they get their tax wack on the income….great for deterring money laundering, and for locals who have their income in Austria, but what about the UK property investor, or in fact any EU investor?
So, your Income is in the UK? Besides getting a job in Austria…the only real options at the moment are a commercial mortgage(more expensive) or to release funds in your UK property. This can be quite sensible as many UK institutions are offering low mortgage rates. The commercial mortgage route, means you need to set up an EU company from which mortgage payments would be made.
We have found, that over the past year, Clients are now considering buying businesses that already have an existing income! This can satisfy the lending bank. The other thing, is that Banks in Austria still remain automous for their decision making on lending. Unlike the UK where the mortgage market is controlled by half a dozen large institutions.
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.
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
Austrian Cardinal Christoph Schönborn made the warning on Sunday during the church festival “Holy Name of Mary”, which was first introduced 333 years ago in gratitude for the victory over the Ottomans in the Battle of Vienna.
According to the Archdiocese of Vienna, the cardinal said: “Will there be an Islamic conquest of Europe? Many Muslims want that and say: Europe is at the end.”
He asked God to have mercy on Europe and to show mercy to its people, which he said “are in danger of forfeiting our Christian heritage”.
Schönborn explained that people could already feel this loss, “not only economically, but above all, in human and religious matters”.
The cardinal’s statement came as many places across Austria commemorated the 333rd anniversary of the Battle of Vienna. During the battle on 11-12th September 1683, combined Christian forces defeated over 100,000 soldiers from the Ottoman Empire.
The battle was fought by the Habsburg Monarchy, the Polish-Lithuanian Commonwealth and the Holy Roman Empire against the invading Muslim Ottoman Empire. Polish King John III Sobieski famously commanded the Christian army toward its victory.
The Ottoman soldiers had already started to take the Austrian capital Vienna which was defended by only 10,000 Habsburg soldiers when Polish horsemen attacked them from the rear and devastated the Turkish army – which was forced to retreat.
The battle is often seen as a turning point in history, which slowly led to the decline of the Ottoman Empire.
The Catholic Church in Austria was not the only one to commemorate the event. The far-right Austrian Freedom Party held a controversial event, stressing the need to defend the “Western World” from invaders.
The event was held at Vienna’s Palais Ferstl, and included an opening speech by Vienna’s Vice-Mayor Johann Gudenus and speeches by Freedom Party leader Heinz-Christian Strache, as well as historian and university professor Dr Lothar Hobelt.
The commemorations come at a time of heightened tensions between Austria and Turkey, the modern Republic which succeeded the Ottoman Empire after its final collapse.
After the recent failed coup attempt in Turkey, Austrian Foreign Minister Sebastian Kurz warned he will stop any move that brings Turkey closer to joining the European Union.
Austrian Chancellor Christian Kern even went so far as to say: “The membership negotiations are currently no more than fiction.”
As a result Turkey recalled its ambassador to Austria and accused the country of being supportive of terrorism and a centre of Islamophobia. The two countries’ relations have sharply deteriorated since those events.
The cardinal has often been listed as one of the most likely candidates to take over the position of Pope, although in previous elections he was deemed too young.
Source: The local
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.