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.

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News Update Austria

 


Must be Karma!

Euro notes

 

A 22-year-old Austrian man may have thought himself lucky after police in the city of Eisenstadt found his lost wallet — had it not been full of ten fake 50 euro notes!!
Having discovered the notes, the police were able to track down the man thanks to his identity card — also in the wallet — and arrested him. (must be Karma?)
Under questioning he admitted buying the fake notes online in order to buy drugs with them.
On Tuesday Austrian police announced they had helped identify and catch a forger in Poland suspected of selling 10,000 euros’ ($11,800) worth of fake 50 euro notes over the so-called darknet.
Source: The local


New Wolf pack sighted in Austria.

Wolves

 

In Austria there is a new wolf pack. Which was already suspected by DNA analysis from several sheep carcases and has been confirmed by a photo. A local newspaper published the photo at the end of August, taken in the  district of Gmünd in Lower Austria. Where at least four wolf puppies were spotted.

It is likely to be a newly settled pack, and not from an already known pack.  The parents could have immigrated from Germany or Poland. The wolves can roam in an area of ​​about 200 square kilometers in the Lower / Upper Austrian / Czech border area.

The animals had been spotted by humans the WW Fund stated in a broadcast.

Wolves realize that grazing animals are easy prey.” In the wild-rich Austria, they can largely feed on wild animals, so Sheep are only an occasional theft, if farmers do not secure or sufficiently protect them. The behavioral biologist Kurt Kotrschal adds: “Wolves are quick to distinguish between ‘allowed’ (game) and ‘unauthorized’ (domestic or farm animals) food!

They were not afraid of people, and there are enquiries from concerned parents’ associations who are worried about upcoming school trips.

The number of wolves in Austria are difficult to quantify, according to Wolf Prosecutor Georg Rauer. Only in the north now two resident packs are resident. Other sighted or individual animals are likely to be roaming.

Sept 14 – 2018

Source: Vienna Times.


Will it be a hard winter?

Last night was the coldest August night on record for 20 years!

It was the coldest August night in Austria since 1998,” says the Central Institute for Meteorology and Geodynamics (ZAMG),
Night time Temperatures were -1.1 ° C in St. Michael and -1.9 ° C in St. Jakob
It was also the first frosty night in August at 1400 meters above sea level since 2005.”

Also the fresh snow from the weekend (about 40 centimeters in the Hohe Tauern) is unusual. “There were similar snow depths in the Hohe Tauern in August 2010, at that time on August 31 at the Rudolfshütte and on Sonnblick 40 centimeters of fresh snow were recorded.

 The lowest measuring point with a closed snowpack was on Sunday at Bad Gastein (S, 1092m) with four inches of fresh snow.

Yet we have 22 degrees in the valleys and people are swimming in the lakes!!  So..watch this space if you are planning a ski trip this year.
.


Non-legal holiday Rentals: 

Anger with AirBnb forces Salzburg to take action.

Non legal rentals


More and more tourists are not booking hotel rooms, but instead going for on-line private accommodation.  The case of a Salzburg man has blown up, who is said to have holiday rented his local authority subsidized rented apartment 380 times and, in addition to that, obtained Government benefits!.

Last year in the province of Salzburg. 109,100 guest arrivals were recorded by the online rental platform AirBnB. This emerges from the travel report of the company for 2017 . On average, guests book a room or an entire apartment for 3.3 nights.

Besides reducing available accommodation for locals, many private renters do not pay all their due taxes, tourist tax and vat, so having an advantage over the red tape burdened hotel industry.

This is obviously having an effect on the hotels and consequently local employment.

Hundreds of apartments are rented via online platforms. The local court now sends out its investigators – and also criminal charges to go with the visit!

More and more Salzburgers are making a living by renting their own apartment – and more and more tourists are looking for this alternative to the hotel room.

Internet platforms such as Airbnb or 9flats are booming worldwide, with tourists and apartment owners short-circuiting hotels. If you are looking for an apartment in the city of Salzburg on the classic online platforms, you will quickly find it. From 60 euros upwards per day you are there. The Salzburg Institute for Spatial Planning (SIR) has found in it’s current study on housing vacancies in the capital at least 600 apartments that are offered for a short time on various portals. With one or two mouse clicks you can also find offers of private apartments in large apartment blocks. The problem with this: Many “landlords” do not know that a tourist use according to the Salzburg Spatial Planning Act is prohibited for buildings with more than five apartments. The rental falls under commercial accommodation and is therefore unlawful. 

Landlords, who illegally  rent their apartment to tourists, must count on penalties of 500 euros plus.

So, if you are visiting Salzburg, perhaps check that your accommodation is legal…you will be helping the city.

Source: Salzburger Nachrichten.

Photo: Expedia


With Brexit, should we be buying in Austria?

This is the question we get asked a lot.   There are lots of scare stories around, but life goes on. Many of our clients want to be in Europe, so maybe they voted to remain? It is not for us to get involved with anyone’s decision on Brexit.

But as far as investment is concerned, many clients also want to run a Guesthouse or have a foothold in Europe.  Individual European countries are not going to block their tourism income and Austria is very happy to have British investors buying into Ski projects or a ski/lake chalet.  They get an income via local taxes no matter what the nationality of the buyer. Also, there is the knock-on from tourist rentals where a local Gemeinde get approx 1.70 euro per person per night!!  Plus tourists eat in restaurant and drink in the cafes & bars.

So, our best advice is to invest where you feel happiest.


From Austria with love: new Alpine lair for 007 opens to public!

Amazing AustriaIn the last instalment of his adventures, film-goers saw James Bond dice with death in the Austrian Alps.

Now in the same location, 3,000 metres above sea level, a museum dedicated to the world of the fictional spy has opened its doors.

After a vertiginous cable-car ride, visitors to the museum will be greeted by the sight of the futuristic, angular concrete structure jutting out of the sheer cliff-face, facing a panorama of dramatic peaks — the image of a secret agent’s lair.

The “007 Elements” installation, which opened this week in Austria’s Tyrol province, makes use of one of the standout locations of the last film in the franchise, 2015’s “Spectre”.

Several key scenes were shot in Sölden, one of Austria’s most famous winter sports resorts, in the heart of the Alpine Ötztal valley.

The steel-and-glass clinic where Lea Seydoux’s character works in the film is actually a gourmet restaurant next to the cable car station — which is now next to the museum. And the Ötztal Glacier Road played host to the chase between Daniel Craig’s 007 and the perennial bad guys, against a backdrop of snowy peaks.

“We thought that having an association between this exceptional location and the James Bond brand would be fantastic,” Jakob Falkner, head of the Bergbahnen Sölden ski-lift company and one of the project’s architects, told AFP.

The installation has been designed in close collaboration with the UK film company that produces the franchise and aims to give visitors an audiovisual journey through the films.

Architect Johann Obermoser explains the Bond-esque determination that was required to build the space, with part of the 1,300-square-metre (14,000-square-feet) space dug directly out of the rock, leaving most of the rooms “inside the mountain, so that you see as little as possible from the outside”.

“The idea was to feel the harshness of this landscape from inside, to feel the pressure that’s brought to bear by the elements.”

The temperature inside has to be kept below zero all year round, as the building would be at risk of collapse if the surrounding permafrost were to start to thaw.

It took just over a year to build the museum amid these hostile conditions, says Obermoser: “We had snow from August onwards; in November it was a metre (three feet) deep.”

Inside, the museum comprises a tour of nine stages through darkened rooms and tunnels equipped with giant screens and mirrors to immerse the visitor in chosen scenes from the films.

“We wanted it to feel more like a live version of going to the movies,” says Neal Callow, creative director of both the installation and most recent Bond films, adding that he has tried to recreate his work in film set design in the context of a museum, using architecture, light and sound.

Visitors will pass through the history of the franchise as represented by the different actors that have played Bond and some of the series’ most recognisable locations, before being immersed in some of the action scenes and discovering the secrets of how they were filmed.

And this being a museum about James Bond there are of course plenty of gadgets to admire along the way: watches, a gold pistol, a robotic car.

And the piece de resistance? The plane from one of the most dramatic “Spectre” scenes, suspended in pieces in front of a glass wall, with the Alpine horizon behind.

Source: The local. – Photo: AFP


Austria sends troops to border for migration response exercises

[caption id="attachment_8840" align="aligncenter" width="768"]Property
Several hundred Austrian police and soldiers on June 26, 2018 simulated a border control exercise at the crossing point with Slovenia through which thousands of migrants had transited in 2015, a Vienna initiative that defends a toughening of European migration policy. / AFP PHOTO / Rene Gomolj[/caption]
Several hundred Austrian police officers and soldiers performed an exercise on the country’s southern border with Slovenia on Tuesday to simulate different responses to any repeat of the 2015 migrant crisis.

Over 500 policemen and 220 soldiers took part at the border crossing of Spielfeld, according to an AFP correspondent at the scene.

“A state which can’t protect its borders when needed loses its credibility,” said Interior Minister Herbert Kickl, who oversaw the exercise along with Defence Minister Mario Kunasek.

Both men are members of the far-right Freedom Party (FPÖ), which since last year has been the junior partner in a coalition government under conservative Chancellor Sebastian Kurz which has been at pains to emphasise its anti-immigration message.

Among the military hardware on display on Tuesday were two “Black Hawk” helicopters. During the exercises police cadets played the role of migrants standing at border gates asking to be let in.

The event also saw the first outing for a new police border protection force comprising some 600 officers, dubbed the “Puma” unit.

Several thousand migrants passed through Spielfeld in the summer of 2015 as part of the “Balkan route” towards northern Europe, although local police say the current rate of such crossings is almost zero.

A clampdown on immigration was a key message from the FPOe and Kurz’s People’s Party (OeVP) in last year’s elections and the government has made clear its wish for a restrictive policy on an EU level, with an emphasis on
the need to toughen up the EU’s external borders.

Last week Kurz raised the spectre of a repeat of the crisis of 2015, which he said would be a “catastrophe”, if the EU did not agree a common position.

Meanwhile he has made common cause with high-profile politicians from the Bavarian CSU, who have been clashing with German Chancellor Angela Merkel by demanding a harder line in migration policy.

Source: The Local


Closing Austria & Germany’s porous border.

[caption id="attachment_8607" align="alignleft" width="1000"]Front page Border crossing[/caption]
The Austrian and German federal police and the Bavarian state police plan for the first time this Friday to work together in their border area to assess ways they can combat increasing illegal immigration and crime. The authorities will start by taking a closer look at rail traffic.

Austrian and German federal police moreover aim to assess controls along the Brenner Pass – a mountain pass at the border with Italy and Austria. A review of the initiative will be made in three months.

Especially in border areas, it is important to coordinate measures on both sides of the border, said Thomas Borowik, federal police spokesman in Munich, adding that the officials are keeping a close eye in particular on freight trains.

READ ALSO: Border controls between Austria and Germany to stay in place, Berlin confirms

“We want to prevent dangerous illegal entries on freight trains at an early stage and prevent accidents,” said Borowik. “Migrants keep putting their lives at risk.”

Migrants usually travel between or on train carriages crossing the Brenner pass. In 2017, nearly 1,000 migrants were discovered on freight trains, according to federal police headquarters in the Bavarian capital.

But the number of illegal entries at the German-Austrian border is likely to decline if the trend shown in recent months continues.

In 2017, some 14,600 people tried to enter the country illegally at the border between the two countries. Around 7,200 of them were refused entry. In the first four months of 2018, there were almost 3,800 unauthorized entries and about 2,100 refusals.

Source: The local


Dream or nightmare? Brexit win or lose for Austria?

In manufacturing, tourism and the car industry, Brexit’s spectre looms over several key Austrian regions and sectors, Alex Macbeth writes.

Styria, Austria’s automobile manufacturing hub, could benefit from Japanese British-based car makers relocating to the southeast Austrian region. But the southeastern Austrian region could also face its own Stygian nightmare if car supply chains are destroyed in a no-deal scenario.

“The region of Styria has an important position for the economic relationship with the British. Jaguar Land Rover started building cars there in 2017, which has been a tremendous boost to the Austrian economy,” Barbara Kolm, director of the Austrian Economics Institute, told The Local, commenting on the growing car hub around the city of Graz.

“Austria will probably be hit less by Brexit than many other EU member states – the German ifo Institute expects a relatively modest decline of GDP of 0.1 percent because of Brexit,” added Kolm.

Nearly 50 per cent of all Austrian exports to the UK are in manufacturing. And it is Austria’s car industry that is perhaps most exposed to the roulette effects of Britain’s departure from the European Union.

“The only sector that might profit from Brexit is the car industry, especially in Styria,” Barbara Kolm told The Local. “Jaguar Land Rover could outsource even more of its production to Austria after Brexit, and the industry hopes to be able to lure Toyota to Austria as well. Fiat Chrysler has already announced that it will move its production of tractors to Styria.”

But Brexit could also turn out to be a two-edged sword for Austrian car makers. “All of this could just as easily go wrong as well, for example if Jaguar Land Rover instead were to decide to move completely back to Britain in the long run,” added Kolm.

Austria has a trade surplus with the UK and more than 100 Austrian companies are nevertheless active in the UK market – “among them Novomatic, Wienerberger, and Zumtobel,” adds Kolm.

Alpine states such as Salzburg, where tourism is a key industry, could feel a heavier Brexit burden. Nearly one million Brits, mainly winter ski tourists, visit Austria each year.

“Especially during the winter months in the Alpine regions, tourism is of substantial scale and must not be neglected,” Kolm told The Local. British visitors constitute the 4th largest visiting national group in terms of overnight stays.

Seasonal Businesses in Travel (SBIT) is a lobby group of more than 100 British tourist operators, created in response to Brexit, that aims to “increase awareness of the potential impact of Brexit on the UK outgoing travel industry,” through lobbying of “UK and European governments.”

When it comes to financial services however, experts agree that Austria is unlikely to win or lose much in the battle to lure financial services firms from the UK.

Vienna has also emerged as a potential new low-cost aviation hub in light of Brexit. EasyJet announced that it will operate its new airline easyJet Europe out of Vienna. All of the budget carrier’s EU27 aircraft hope to be re-registered at the new hub by March 2019.

Ryanair is also looking to Austria as a post-Brexit stepping stone to the European market, having taken a stake in LaudaMotion, the low-cost airline founded by Austrian former Formula 1 world champion and airline pioneer Niki Laudareports The Local Austria.

Beyond the challenges in each sector, Austria’s current coalition government could also be an unpredictable force in the Brexit negotiations.

On July 1,  Austria – traditionally a mainstream, moderate, member state – will take over the revolving six-month EU presidency.

Austria is most likely to use its term at the presidency to exert pressure on its neighbours rather than to get any special Brexit concessions, says Grieveson. While Germany is calling for all member states to make a larger contribution to the post-Brexit EU budget and fill the deficit left by the UK’s departure, Austria is reluctant to do so.

With regards to Brexit, the rights of Austrian citizens in the UK and Brits in Austria remain a quagmire issue. More than 10,000 Brits live in Austria, according to the Austrian national statistics agency Statistik. Approximately 25,000 Austrians live in the UK.

Source: The local


Any interest now, for the Hotel property market in Austria?

GuesthouseWhat is happening to commercial property market for Hotels and Guesthouses in Austria. Is it dead or just sleeping for now?

Long has it been the dream of many British to own a small guesthouse or hotel in the alps..ski-ing in winter, swimming in the lakes in summer!

Well, with the fears over Brexit and mortgage availability, the market has changed direction. We have found that the dream has not died, just the method of obtaining it.

Our clients are now requesting the possibilities of renting commercial property for a few years to see how it goes..before committing to buying. Our sellers are willing to accept a rental rather than waiting for sale. In many ways this is good for both buyer and seller. The buyer gets to try the lifestyle at a fixed rental and the seller gets a rent for their property…generally sellers are hoping for 4-6% ROI. and hopefully a sale in the long term. This can also work well for the property investor, as buying a commercial property can give them a better return than money sat in the bank!! So if any investors out there would like to buy into a business property with a guaranteed rental income…please let us know!


Smoking in Austria, to remain?

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.

We will be updating as we get more information.

 

 


Google Street View finally maps missing Austria!

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


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?

The 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?

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

 

 

Large Family House in Bad Gastein.

5640 Bad Gastein

  • 200m2Area
  • 7Beds
  • 2Baths
  • AA/SG4596Ref
  • 1,013 m2 Total Area

Chalet House near to Nassfeld ski, Carinthia.

Gundersheim, Austria

  • 171m2Area
  • 5Beds
  • 3Baths
  • AA/BWL/KarntenRef
  • 900 m2 Total Area

Guesthouse near Gross Glockner ski.

9842 Stampfen, Austria

  • 400m2Area
  • 9Beds
  • 9Baths
  • AA/MARef
  • 1500+ m2 Total Area

 

 


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