News Update Austria

News Update Austria


Austrian Chancellor blasts EU ‘madness’: “we don’t need regulations for chicken and chips”!

News updates from Austria

AUSTRIA’S tough talking Chancellor has lashed out at Brussels, insisting the EU stop “telling people how to live” and accusing the bloc of ruling through “paternalism”.

Austrian leader Sebastien Kurz criticised the “paternalism” of Brussels in a statement released on Sunday. The Chancellor claimed “nobody needs EU regulations – for example for the preparation of Schnitzel and fries”. In a statement published by APA press agency, the hardline leader suggested how “instead of demanding more and more money, the EU should stop telling people more and more how to live”.

Mr Kurz, whose Austrian People’s Party (APP) is part of the right leaning European People’s Party vying for seats in the EU elections on may 23, also called for the scrapping of 1,000 EU regulations.

He said Europe is increasingly creating a “tight bureaucracy corset” for the citizens.

Continuing, the anti-immigration politician said: “People demand answers from the EU on major issues such as security, external border protection or climate change.”

The comments follow Kurz’ calling for a new EU treaty – and blasting bloc members that “gladly take our money”.

His proposed changes would include the introduction of penalties for countries that have accepted too many migrants – and have large or growing debts – while still taking money from the bloc.

Talking to Austrian broadcaster ORF on Monday, Mr Kurz said: “Many, above all the younger heads of government, know that we must change the European Union if we want to preserve it.

“Various heads of government among the liberals but also within the [conservative] European People’s Party have a similar view to me.

“We are talking here about countries that gladly take our money and are fully prepared to cash in.

“If we want to inspire people more for Europe again, we must stop the tutelage from Brussels.

Meanwhile, Austria rejected the EU’s fundamental principle of freedom of movement after extending controls at its borders with Hungary and Slovenia until at least November.

Tensions within Austria and the EU continues as the anti-immigration government sitting in Vienna told Brussels too many illegal migrants are entering its country through the so-called Balkan route.

The European Commission was informed of Austria’s decision with a letter signed by Austrian Interior Minister Herbert Kickl.

Far-right Freedom Party member Mr Kickl, argued the arrival of a persistently high number of illegal immigrants represented a “latent threat of terrorism”.

Photo: Hans Klaus Techt/APA/AFP

Report: D.Express


News updates from Austria

Austria considering Register for internet users.

News updates from Austria

AFP PHOTO / JOE KLAMAR (Photo by JOE KLAMAR / AFP)

Austria considers making internet users REGISTER with their providers to prevent people hiding behind anonymity to post hate speech.

Austria says it is considering a law to make it mandatory for big internet platforms to register their users and deprive those behind hate posts of anonymity.

‘Unfortunately there have been an increasing number of clear violations, denigrations and humiliations online in the past under the cover of anonymity. That’s why we need a framework for more responsibility online,’ Chancellor Sebastian Kurz wrote on Twitter.

The new law would take effect in 2020 and would make it mandatory for platforms such as Facebook, Twitter and Instagram to register their users, said Gernot Bluemel, minister in charge of EU affairs, art, culture and media.

It would be up to the platforms themselves to decide the form of registration, but authorities would be able to access users’ identities in case of hate postings or on suspicion of other laws being broken, he said.

‘The online space should not be a space without laws,’ Bluemel told reporters after a weekly cabinet meeting, adding that Austria aimed to set a precedent for other countries in the matter.

French President Emmanuel Macron earlier this year caused controversy by suggesting a ban on anonymous postings on social media.

In Austria, the law would have to be approved by MPs as well as the European Commission to make sure it is in line with EU guidelines.

The proposed law would only apply to internet platforms that have a certain reach – more than 100,000 users or 500,000 euros ($430,000) annual turnover in Austria – as well as online media that receive more than 50,000 euros in state aid, Bluemel said.

Austrian opposition parties have criticised the proposal, saying it restricts online freedom and gives even more user data to online giants, such as Facebook, which is already under fire over how it handles such information.

Source: The Local

 


News updates from Austria

Britons in Europe anger at UK government’s Brexit healthcare offer

News updates from Austria
Photo: egal/deposit photos
The British government’s offer to cover the health costs of UK pensioners in Europe was meant to provide reassurance to elderly British citizens. The time-limited offer has been met with scorn however by rights groups that represent British nationals in the EU.

The offer of a 12-month assurance of health cover in the event of a no-deal Brexit  for UK retirees in the EU was met with scorn and derision by representatives of rights group British in Europe.

“It is shameful that people who have contributed all their lives to the National Health Insurance scheme are suddenly stripped of their rights. They have just as much right to expect the same healthcare as anyone living in the UK”, said Delia Dumaresq, a committee member of British in Italy which is part of the umbrella group British in Europe.

“They came to live in the EU, relying on the fact that they could face old age without having to worry about medical bills. Being abandoned by the British government like this has been their worst Brexit nightmare,” added Dumaresq.

The UK government’s offer was designed to compensate for the loss of S1 reciprocal agreements, whereby the UK’s National Health System paid EU member states to provide healthcare to EU-based UK nationals.

The UK is seeking to extend the current reciprocal health agreements until the end of 2020 but if the EU doesn’t agree then London has offered to fund the healthcare for pensioners for 12 months.

But that depends on EU states agreeing to treat British citizens and then be reimbursed.

Some UK nationals in the EU who have pre-existing conditions could have to pay more than €15,000 per year to obtain a private health insurance that would provide similar healthcare to the currently-active S1 European health scheme. Some Britons in Europe expressed fears that they would struggle to obtain private health insurance.

‘British in Europe’ argues that the offer will only help patients who have existing conditions such as cancer or kidney in the short term. failure to continue to obtain medical treatment for at least another year, regardless of whether the UK leaves the EU on March 29th, as currently scheduled, or at a later date if the EU grants a Brexit delay.

Dumaresq says the offer of health cover for 12 months will not reassure UK retirees who live in the EU and have existing health conditions. “What happens to them when the year is over? People’s lives are literally at stake,” Dumaresq said in the statement.

The UK government’s move is designed to assuage fears but ‘British in Europe’ says it could be derailed by administration.
“What is to happen in those countries where the possession of an S1 certificate, which until now entitled them to healthcare and will no longer be valid, is essential for enrollment in their health service?
“And how on earth is this ill-defined scheme to be understood by hard-pressed administrators in surgeries and hospitals over 27 different countries?  And if they do not know how to administer it, is there not a massive risk that they will either refuse treatment or insist that the patient pays?” asks British in Italy.
Source: The local:

News updates from Austria

Britain leaving on WTO terms could endanger  6,000 jobs in Austria.

While the car hub region of Styria hopes to maintain long-term relations with the UK, thousands of jobs could be threatened and Austrian financial institutions could suffer if the UK departs the EU without a deal on March 29th.

A February 2019 report by the German think tank the Leibniz Institute highlights which countries and which industries will be most affected in 43 countries. The report also named Austria as particularly exposed in certain sectors.

“The study showed that 6,000 jobs in Austria could be in danger in case of a no-deal Brexit,” Dr Barbara Kolm, director at think tank the Austrian Economics Center, told The Local – citing a February 2019 report by the Leibniz Institute for Economic Research Halle (IWH) and the Martin Luther University Halle-Wittenberg, both in Germany.

“In Austria and Belgium, wholesale and retail trade show the strongest exposure,” states the Leibniz Institute report.

“Austria is a country which will be affected by Brexit more indirectly through trade with Germany and other countries closely connected to Britain than directly,” adds Kolm.

A report by the government in Styria, Austria’s car hub, confirms Austria’s exposure to Brexit through trade with its neighbours.

“An estimated €343 million in goods (exports from Styria) are also potentially threatened indirectly via the three main trading partners Germany, Italy and the USA. This corresponds in total to approx. 5.5% of total Styrian goods trade,” states a risk analysis by the Styrian regional government.

Austria is ultimately more insulated to a no-deal than many of its neighbouring countries, as Kolm points out. The Leibniz Institute report suggests more than 100,000 jobs could be at stake in Germany if the no-deal fears become reality in 25 days.

Kolm says Austrian banks could nevertheless suffer.

“Austrian banks could be affected by a possible partial move of London’s financial sector to Frankfurt or Paris,” says Kolm. “Tourism – and thus, airlines, are another sector which could take a hit,” she adds.

While a no-deal represents a challenge to Austria, the country 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.

One of the strongest trade relationships with the UK is in the car manufacturing sector, which in Austria is nestled around the city of Graz in the region of Styria.

The United Kingdom is Styria’s 4th largest export partner. Just over 4 per cent of all exports from the region are destined for the UK, according to a report by the Styria regional government.

“While there is fear that there could be a downturn after Brexit, Styria still sees Britain as a main trading partner in the long-term,” Kolm told The Local. “Styria, the state of which Graz is the capital city, has a multitude of trade connections with the UK. In total, exports to Britain just from Styria totaled €875 million in 2018.”

Regardless of the outcome of Brexit, the 10,000 or so Brits living in Austria will have been relieved to hear that Austria has passed legislation to protect their rights in the event of a no-deal.

Source: The local.

Photo:Ivosar


News updates from Austria

Austria’s Chancellor Rules Out Renegotiation of Brexit Treaty

Austrian Chancellor Sebastian Kurz ruled out new negotiations with the U.K. about the agreement to leave the European Union, offering only tweaks to a political declaration about the future ties between the two sides.

“The Austrian government’s and also the European Union’s message to London is clear: our hand is extended for a common solution, also for clarifications on the issue of the future relationship if that’s what it takes,” Kurz told journalists after the weekly government meeting in Vienna. “But we’re not ready to renegotiate the exit agreement.

Kurz said his cabinet approved a draft omnibus law to cover contingency measures necessary if the U.K. leaves the EU without an exit treaty agreement.

Source: Bloomberg


News updates from Austria

Is a ‘Green card’ for Europe the way forward?

Imagine a card that would let Brits in Europe keep freedom of movement and all the rights of EU citizenship after Brexit. It might sound like fantasy but one organisation is leading the way to make it happen.

A campaign by ‘New Europeans’ is lobbying the EU to intervene in Brexit and issue a card that would offer “privileged status” for UK nationals currently living in the EU, as well as for Europeans settled in the UK and essentially allow them to keep their treasured freedom of movement.

The campaign is being led by Roger Casale, a former Labour MP who now lives near Florence in Italy and who heads the New Europeans.

“The Green Card would ring-fence the rights that you had as an EU citizen,” Mr Casale told The Local. “It would create equivalent status.”

With nearly 55,000 signatures and counting, a petition started by Casale is slowly gathering steam.

An EU-issued “Green Card” could be a vital addition for the 3.6 million or so EU nationals living in the UK, as well as the 1.2 million or more Brits in Europe.

Under his plan the EU Commission would issue a resolution to offer the ‘five million’, UK nationals living in the EU and EU citizens living in the UK, the right to a special recognition for having acquired residency before Brexit.

This would effectively guarantee a sort of privileged status, far greater than the rights agreed under the current Withdrawal Agreement, for five million UK and EU citizens.

A Green Card would enable British citizens who have already exercised their treaty rights before the Brexit to retain free movement, a right that will be lost if Theresa May’s Withdrawal Agreement is ratified.

It would help restore a sense of “status” and “privilege” that EU citizenship entailed, Mr Casale said.

It would also help EU citizens in the UK prove that they have settled status swiftly and efficiently to obtain the services, employment and housing benefits that settled status affords.

As Mr Casale notes, the Home Office has said it will not offer EU citizens any additional document to prove settled status – everything will be digital. This will make it difficult for EU citizens to prove they have the additional rights guaranteed by the settled status package at any given time.

“The Green Card works regardless of if there’s a deal or no deal,” adds Mr Casale, a British citizen, who has settled near Florence in Italy. “The rights afforded it by such a scheme would be for life.”

Mr Casale is due to give evidence at the Constitutional Affairs Committee of the EU parliament (AFCO) in early 2019.

Source: The Local – Austria

 

News updates from Austria


News updates from Austria

Austria Celebrates 200 years of the Christmas carol – ‘Silent Night’

Austria has something special to celebrate this festive period as it marks 200 years since the first performance of one of the world’s most beloved Christmas carols, “Silent Night”.

Celebrations of the anniversary will culminate with a special December 24th performance of “Stille Nacht” at the chapel in Oberndorf village, near Salzburg, where it was first performed 200 years ago to the day.

“We are expecting around 6,000 people this Christmas Eve, where normally we would have 3-4,000,” Clemens Konrad, the head of Oberndorf’s tourism office, told AFP.

The song’s origins gave little hint as to the global renown it would achieve, being translated into 300 languages and dialects.

It was originally written as a poem by priest Joseph Mohr in 1816, a time of great suffering in the wake of Europe’s Napoleonic wars.

Two years later, Mohr asked his friend, the organist, choirmaster and schoolteacher Franz Xaver Gruber, to compose a melody.

The carol was first performed to a modest church congregation of ship labourers and their families. Years after its premiere, Gruber wrote that it had met with “general approval by all” among the congregation.

The carol became known outside Austria when it was incorporated into the repertoire of two travelling singing groups. The Rainer Singers and the Strasser Siblings performed it around Europe and beyond — including the
United States.

Mohr and Gruber are today honoured in around a dozen sites locally, many of which have been hosting special events this Christmas season to mark the anniversary.

Pope Francis has declared “Silent Night” to be his favourite song, even if he was unable to accept an invitation from Salzburg’s regional government to take part in the anniversary celebrations.

Travel operators have included special stops on their itineraries to mark the anniversary, and visitors have come from as far afield as Sri Lanka and Japan, said Konrad.

The first English versions of “Silent Night” can be traced back to the middle of the 19th century and in the decades that followed it could be heard on every continent, propagated notably by Christian missionaries.

Since then, it has been recorded many hundreds of times by stars ranging from Bing Crosby to Miley Cyrus.

Source: The Local, Photo: AFP


News updates from Austria

Are British Owners selling up and leaving Austria?

For the past few years, British property owners have been selling their holiday properties in Austria.
There are a few factors here…it started with the introduction of new letting rules forbidding Owners to holiday rent their properties.  This was directed at all property owners, so it was not that the Austrian’s themselves were exempt.
Most British buyers, unlike the Germans, want a property investment to be financially effecient, and the new rules have created a property market that can only be used for full time living or own family & friends use. Unless the apartment is in a Hotel complex and managed by the hotel!
With management costs of an apartment running at around 350 euros per month, plus local taxes on holiday properties, it is no longer a viable proposition for many people and possibly simply money down the drain!
We have found that those British who want to maintain a holiday home, are switching to Chalets rather than apartments, so they are not at at the mercy of the house management and residential owners!
Most chalets can be used for holiday renting and the major benefit is that you also have that lovely log fire you always dreamed about….so maybe it is time to consider switching to a chalet if you are considering buying in Austria or selling your existing apartment.?
To this end we have 2 new projects for 2019.  A chalet project in Carinthia and a Chalet project in Niederoesterreich, this is in the Hockar ski region.
You can find information on our chalet pages.

Photo courtesy of Adzuna.


News updates from Austria

UK offers assurances to British citizens living in EU

The British government spelled out last week, what it would do to protect the rights of British citizens living in the EU in the event that the UK crashed out of the union without a deal with the EU, including those who were forced to return home.

The policy paper spells out some of the measures that would be taken to protect the citizens’ rights of EU nationals living in Britain and those of Britons living throughout the EU if there was a no-deal Brexit.

However the government insists that the only way the rights of Britons can really be protected is if the deal is ratified.

“The Withdrawal Agreement is the only way the UK government can guarantee the rights of the one million UK nationals living in the EU,” says the document.

The British government has called on EU member states to uphold their commitments to protect the rights of Britons living in their countries, whom they want to be able to stay and enjoy the same rights and protections as when Britain was part of the EU.

You can read the full policy document here:

Source: The local


News updates from Austria

News updates from Austria

News updates from Austria

News updates from Austria

 


News updates from Austria

Will Brexit affect Austria?

The United Kingdom is the eighth most important trading partner for Austria.
It  has generated a trade surplus with the UK over the last decades – mostly driven by sales of machinery and car parts.
Brexit has already affected Austrian trade with the UK – the decrease of the sterling exchange rate after the European referendum in June 16 resulted in a 2% fall in export volume.
Austria exports 4.1 billion Euros of goods and services to the UK. It buys in 2.7 billion euros of goods and services, so a nice healthy balance sheet of 1.4 billion euros.

And then there is tourism… 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.   British visitors constitute the 4th largest visiting national group in terms of overnight stays.

So, there will be areas that are affected.



News updates from Austria

Non-legal holiday Rentals: 

Anger with AirBnb forces Salzburg to take action.

 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


News updates from Austria

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.


News updates from Austria

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

What 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!


News updates from Austria

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.?


News updates from Austria

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.


News updates from Austria

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.



News updates from 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”.


News updates from Austria

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.


News updates from Austria

Have Austrian mortgages become extinct?

existing 


News updates from Austria

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

 

 


News updates from Austria

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.


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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.


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