Our UK offices are situated at Teignmouth in south Devon, South West England. We have been helping and advising clients buy property and land in Austria for over 15 years. You are most welcome to come visit, if you prefer to sit face to face and discuss your requirements, before any trip to Austria. If you would like to visit, please email us with a request for a meeting at our offices, and we can arrange a day and time to suit.
In Austria our admin office is at Wolfgangsee, near Salzburg…so we can meet you for a property viewing in Austria.
It is easy to be tempted and want to invest in an Austrian property whilst on a ski holiday…snow, gluwein, log fires, apres ski…but what about the realities of a property purchase and owning property in Austria.
Legally all Purchase contracts must be in German language as that is the law. But It is surprising the number of people who purchase a property with no ‘English translation’ of the Purchase contract. You would not buy a property in UK, without fully understanding all the detail in the contract!
Nor would you make an offer to buy a property in UK unless you had your finance in place. It is the same in Austria! You need to have your finance in place or agreed before making an offer for that lovely chalet or ski apartment. For Mortgage and financing advice.
We get many emails and phone calls from people who have bought their dream ski property, only to find later there are rules that prevent them from using it as they require….of course as they have aleady signed for the property, there is little we can do for them! So, we cannot re-iterate enough, that you should always have a translation of the purchase contract and that you fully understand what you are buying.
Local agents want to sell a property, but you must remember they are working for the seller, even though you will pay them a commission for the purchase. With our property consultancy services, we can, as your consultants, get all the necessary information and negotiate for you, to ensure the best purchase price as we work for you. It costs no extra, as you then pay us instead of the agent!
If you are considering to buy a property in Austria, we can make a full check with the local authorities that it is legally registered and it can be used for the purpose you want, such as holiday home, for private use, holiday rental or to long term let.
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 a popular Immobilien internet platform in Austria.
Bargain prices for older properties can be found in Lower Austria, 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 €10,50 per square metre (not including operating costs) – an increase of 13 percent since 2010.
Rental prices for new properties have risen steeply, by over 2o percent, with average costs now €11,50 per square metre. In Vienna prices range from 23.14 euros a mtr in the centre to 13 euros in the suburbs.
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”.
Our Mortgage advisor can arrange quotes from various banks to get the right finance to suit your situation. He can also advise on car insurance and car ownership in Austria.
Buying a car in Austria can be quite a challenge, as you need to get the registration plates before you buy the car!!
The Property experts are qualified to offer a part or full written survey for a property. We can also check for planning permissions. The cost depends on size and situation of the property. Please request a quote.
The Translator is able to issue you with certified translations, acceptable in all areas of law. So, if a Notar you are using cannot offer this service…we can.
A fully and legally certified tanslation can cost between 350 – 600 euros.
Our Lawyer/Notar, can check all legalities for you for your peace of mind. He can also check a contract if you are already in the middle of a purchase.
Cost is per professional hour for a report.
Our property consultancy services, offer a Skype over internet, face to face chat, to ascertain your exact requirements, answer your questions and advise you on properties and all the processes you need to know about making a purchase. This is the cheaper than making a trip to Austria and finding out the problems when it is too late!
We offer a 30 min professional consultancy advice chat – £36 + vat via PayPal.
for more information or to make an appointment to chat, please email us. with your requirements and questions, or call us 0044 1626 819594
We can meet you when you arrive in Austria and if required, can pick up at airport or rail station, if you do not want to drive yourself.
We can accompany you when viewing a property to ensure you understand, if the local estate agent does not speak English.
We can accompany you to open an Austrian bank account and make explanation or translation of services as required.
We can accompany you to Lawyer or Notar offices for contract signing, to ensure you understand fully, or make verbal translation and explanations as required.
Our rates start from as little as 225 euros per half day + any incurred travel costs. A small price to pay for peace of mind. Email for more details.
If you are already in Austria. you can contact us at email@example.com We will respond within 24 hrs.
Our property consultancy services: We work with many of our Austrian colleagues, and have access to their property lists, so you can also retain us to find for you a particular property in your desired area. Whether you are looking for a City apartment, Ski chalet on the slopes or a Guesthouse, Hotel or even a Castle! There is no charge for our property find service.
If you need foreign currency for a trip: Euro currency exchange best rates for our clients.
Please use our Contact Form to to find out more about our property consultancy services and to let us know about your particular requirements.