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. Both Buyer and seller pay this commission.
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. Also, depending on the complexity of a purchase, the legal fees can be higher, so 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: