The average total costs to buy a property in Austria, including all taxes and fees, usually works out at approximately 11%* of the purchase price. It can be less, depending on the value of the property.
For example, a small apartment can cost the same in certain legal and registration fees as a large house! This is because some fees are not a percentage but as a fixed cost, whatever the property.
The fees are regulated by the government and are made up of the following:
Property transfer tax of 3.5% This is the government tax on the purchase of a property, whether it is a small apartment or a large castle!.
Notary fees are from 2%+ 20% vat depending on the size of the property and complexity of the work involved. This is the general fee laid down by Austrian government.
Austrian Estate agent commissions are 3%.+ 20% vat. This is also regulated by the Austria government. There is a higher commission of 4% for cheaper properties under 50,000 euros.
Property registration 1.1% This is to register your name as an owner in the Grund buch. This is similar to the UK Land registry.
Stamp duty 0.5 – 1% A government tax on the property purchase transaction.
Land registry fees of approximately £300 to £450
This information is for reference only as government taxes and fees are liable to change without notice and we advise you to check with the Notar at the time of signing a purchase contract.
NOTE: Purchase costs to buy property in Austria: approx 11%
Commissions and fees for sales and purchases:
Any fees due to Amazing Austria are inclusive within the above purchase costs *. You therefore pay no more by using our services.
(For any special consultancy or external third party professional legal advice agreed between a client and Amazing Austria, to assist in the purchase of a property, agreed between a client and Amazing Austria, additional fees would be chargeable)
For a mortgage quotation please visit our mortgage page
If you need a foreign currency account to cover the costs to buy property in Austria. Please visit our Euro account page: