Our Monthly property news updates 06/07/10 Drop in Euro value boosts sales
In the past few weeks, the rise in the value of Sterling against the Euro has helped boost the number of property sales this past month. And it looks set to continue as the £ was sitting at 1.20 euro for the past week or more. We feel that with the new confidence in the changes being made by the UK Government this should stay stable. It means that now is a good time to buy in Austria! Homes more expensive in Salzburg
Due to high
demand in Salzburg-city property prices for both rental and purchase year on year, increased significantly. In the city of
Salzburg prices increased for condos in the first quarter of 2010
compared to 2009 to € 2,586 / m². Also increased the prices in the Flachgau - since 2008 by 15%
to € 2,260 / m² in the first quarter of 2010.
01/06/10 House demand falls in Salzburg In Salzburg, the dream faded away from
home purchase to apartments.
The demand for houses was in Salzburg in early 2009 fell from
25% to 17% in the first quarter of 2010. The demand for
apartments, however, increased to 42%!
The
demand for condominiums remains stable: at 30%. In the city of Salzburg, they currently cost € 2,586 / m². The rents are on average at 9.7 € / m² and make Salzburg compared to
Innsbruck city the second most expensive city in Austria.
Despite the drop
in demand, house prices in Salzburg is not under pressure. Salzburg joins with an average of € 2,496 / m² to
third place behind Vienna and Tyrol, as regards buying a house.
Construction prices on the rise Now
might be a good time to buy older existing property as Housing
construction costs soared by more than three per cent last
month.... according to research by federal statistics agency 'Statistik
Austria'.
The body announced costs in the housing building sector
jumped by 3.1 per cent in March compared to price levels in the same
month of 2009. This is obviously going to have an effect on house prices in general. It remains to be seen if this will have an effect on existing houses and if not...then it is better value to buy i the second hand housing market, rather than building from new. There will also be the knock on effect for apartment prices, as new building costing more will push up the price of an apartment...hopefully only by a very small amount?.
06/04/10
Exclusive New development at Gastein Ski.
We have a new small development exclusive to Amazing Austrian Property. This is an exciting re-furbishment of 2 existing apartment buildings in the small Hamlet of Bockstein, only 1500 mtrs from the main ski cable car at Bad Gastein. There will be a choice of 4 x one bedroom garden apartments with 66 mtrs of living space with private garden and 4 x 2 bedroom Balcony apartments with 78 sq mtr living space and large balcony looking out the the ski mountains.
The development being small means that each apartment also have there own large 12+ mtr storage areas The Apartment building has wash and drying room, plus bicycle & ski storage room. Buyers will be able to chose their own kitchen and bathroom styles. Prices for the apartments start at a very reasonable 150,000 Euros. The developers are also offering a 1,000 Euro voucher/cheque to help buyers start furnishing their dream ski apartment. You can here check out the ski area and all the facilities of Ski Gastein http://en.skigastein.com
Lastest update 24/02/10
Austria now more popular for French buyers.
More French nationals are now buying in Austria. Those we have spoken with and have bought property find it such good value compared to France...which is interesting as the UK tends to consider France is cheap for house bargains. Most French buyers are looking athe Lake districts of Austria as their criteria is to have a property that will rent easily for holidays all year round. The UK market has cooled since the finance crisis and of course the low value of the pound...but ...Perhaps our French neighbours know something that we don't???
15/01/10
Guesthouse Pension near lake
A pension just 50 metres from the lake at Obertraun, set up 1973 rebuilt and enlarged 2002, 9 apartments each with balcony and most with great lake views, each with 2-6 beds, a restaurant with 70 seats....the best bit is the price... 590.000 euro! If you are looking for a new life or business in Austria, then this could be the perfect opportunity. 21/10/09
Bargain 2 bed at St Gilgen
There are bargains to be had still in this popular part of the Salzkammergut. WE have just listed a 2 bedroom apartment at St Gilgen for only 98,000 Euro! It is a few minutes walk to the lake and although there is no direct view until the leaves drop in the Autumn, it is a superb bargain for a 2 bed apartment.
14/09/09
Questions about the purchase of property.
In Austria, purchasing of real estate is subject to the property transaction laws of the respective federal provinces.
this
means that different provisions apply in each province for the purchase
of real estate. Many provinces require an approval or evaluation
process for real estate purchases only in special "reserved
communities," while other provinces stipulate a managed official
process for every acquisition of title. The buyer’s EU country of origin does not matter here: EU citizens can therefore purchase real estate under the same conditions as Austrian citizens. However: In most provinces, anyone intending to register only a second residence
in a community is restricted only to the areas permitted for this. The
regional zoning plans regulate what may be used as a vacation residence
and what may not. In general: The regulations on second residences are
stricter in the western parts of Austria than in the eastern parts. 3 bed ski apartment, only 59k at Ebensee!
Now
this has to be a best bargain!! This apartment needs updating o course
as it has not be decorated for the past 20 or so years, but with a
little imagination and some bits from IKEA, you could have a nice
little bolthole in Austria. Ebensee is on the main railline, so is good
for transportation and reaching the rest of Austria...or Europe come to
that! if you want more information, Ref/MS/ebensee59k
6/9/09
2 bed ski apartment, only 109k at Wolfgangsee!
Yes,
you read that correctly! A two bedroom apartment overlooking lake
wolfgang. The apartment is 61 sq mtrs, has 2 bedrooms, lounge, kitchen,
bathroom, WC, views of the Schafberg mountain and some lake views...all
for 109,000 Euro.
3/08/09
New building plots available at Wolfgangsee
Yes,
at last a few more building plots at Lake Wolfgangsee. The catch,
prices for building land does not seem to get any cheaper. But in this
desirable area, to be able to buy a large 1,000 mtr plot for under
130,000 Euro is very good!!
21st July Large luxury ski apartment only 147,000 Euro! Yes,
a large 88mtr apartment overlooking Lake Wolfgangsee..the views are to
die for!!! The apartment has every luxury, even down to internet and
cabled TV.
20th May Small ski apartment only 27,000 Euro! Yes,
you read that correctly, our best buy this month is a studio apartment
at Lake Wolfgangsee. The price is only 27,000 Euro. It consists of
Lounge/bedroom, Bath/wc and Entrance hall/kitchen. Ok, it is not that
large but at this price it is a real Austria property bargain. Ask for
STGIL/27k NOW SOLD
21st April Launch of Log homes range! The
new Log home range is now available and we shall be launching a new web
page section especially for this distinctive range of homes. Unlike the
Wooden chalet range that can be self built, this range is more
complicated but suits the requests of many clients who prefer their
home built for them. Check out our property section for more info and
links to our supplier. Exclusive private plots for Wooden Chalet Homes
We
are pleased to announce that we can now offer many private individual
plots from the land stock of our local builder, for Wooden chalet homes
near Lake Wolfgangsee and also at Bad Ischl. So if you want
individuality this could be for you. Our local builder can offer the
complete service of site preparation and build if you do not want to do
a self build. The prices of plots are from 90,000 Euro
24th March 2009 Exclusive Development for Wooden Chalet Homes update
The
new site at Wolfgangsee is now available for inspection visits. At
present are a few Traditional Brick and wood homes completed. The first
of the new wooden chalet homes should start to be built in May/June. If
you would like to consider a Traditional wooden House, then visit our
Wooden Chalets page. Here you can link to our supplier to view the
complete range of homes. Every choice from a small 2 room home at
36,000 Euros to a large 5 bedroom with granny flat for 120,000 Euro.
2nd March 2009 Exclusive Development for Wooden Chalet Homes for 2009
We
are very pleased to announce that we have an exclusive Development near
lake Wolfgang in the Salzkammergut lakes region of Austria. Perfect for
a new life in Europe, retirement or long term living in Austria. Of
course you might just want to have seriously long holidays instead? At
present we are creating plans and possible layouts for the new area. We
shall be uploading full details for you to access shortly, but in the
meantime please email us for updates and photos.6/9/09
2 bed apartment, only 109k at Wolfgangsee!
Yes,
you read that correctly! A two bedroom apartment overlooking lake
wolfgang. The apartment is 61 sq mtrs, has 2 bedrooms, lounge, kitchen,
bathroom, WC, views of the Schafberg mountain and some lake views...all
for 109,000 Euro.
16/07/09
Austria property Bargain for renovation!
The old farmhouse has got to be everyone's dream bargain...very affordable and lots of potential. The house is at Gosau, in the Dachstein ski region of Austria. It is in need of serious renovating, but at 75,000 Euro...what can you expect? And to add to the bargain thee is also a small building plot attached!!
Check out our bargain renovations page for more details.
20/05/09
Austria Bargain of the year!
The best news so far in the property market this month, is the superb farmhouse, worth over one million Euros...but being a forced sale by the bank is going for only 480,000 Euro! You can get all the details on our Investment property page.
2/05/09
New Luxury log Homes for Austria!
The latest range of log homes has now been released. This range compliments the DIY log Chalet range. They are for those who do not want to do it themselves!! We shall soon be adding pages to our website for this range, but in the meantime you can visit our suppliers website if you would like a luxury log home to be delivered to and erected in Austria. www.solidloghomes.com.
21/04/09
New buyers for Austria!
We have found that the interest from the Mediterranean countries has grown considerably! Why would anyone from Malta or Greece or Sicily want to buy in Austria? Because the climate is not so sticky hot in Summer!! Well that is logical I suppose...we do have it very hot here in Austria...yes...it is true it gets very hot, but mixed with mountain air it somehow seems fresh. Anyhow, we have had quite a few buyer from this end of Europe and very happy there are with their purchases in Austria.
6/04/09
Free land in Austria!
Well, this has got to be the cheapest land in Austria...totally free!! The small village of Rappottenstein in Upper Austria free land to boost dwindling population.
The
small municipality of Rappottenstein is losing people -- currently
there are only 1,760. The population has been decreasing over the years and
everyone is worried that the village could die out!. The solution is simple: give anyone who wants to
live in Rappottenstein village a free land plot.
According to Kurier
newspaper report: free land, 800 and 900 square metres (8,611 to 9,687
square feet) is given to those who pledge to start a family, at least
one child in a decade. It is open to both singles and married couples.
Singles
also have to get married. Other conditions stipulate that the new
owners have to build a house on the plot in three years. If the
conditions are not fulfilled, the owners will have to pay 12,000 euros.
Rappottenstein is near the Czech borders if you want to take up the offer. Or email us and we will send you the web link to the village.
27/03/09 Easyjet special offers to Austria. Easyjet
have announced some great offers for their flights. From April you can
get to Austria for just £14.99! So, now is the time to take a few days
out, book that property viewing.....and of course enjoy some Springtime
in Austria.. Well done Easyjet. 24th March 2009
Buyers still looking for Austria property
At the moment, there are many buyers viewing property in Austria. There is lots of interest from the Eastern countries, particularly Romania and Russia. It is no problem for our Romanian buyers as they are EU citizens, but with our Russian clients it is more difficult for them to buy property in Austria as there are regulations about foreign investors.
Our UK buyers are still looking for property in Austria, but they are waiting for better times to arrive and unfortunately missing out on bargains. Last week one of our clients finally made the trip to Austria to view a house they were interested in...only to find it had sold!! Not surprising as it was a bargain at 150,000 Euros for a 4 bedroom house near the ski slopes!!
So...remember the old saying from 'Del Boy' "He who dares wins"!
6th March 2009
UK buyers looking for investment
Many UK citizens are now looking at overseas investment property to get a better return on their money. With the recent reduction in the UK Base rate...deposits in the UK are virtually useless. And, many are looking to Austria with its more stable property market to get a better return. In Austria investment property with existing renters insitu are bringing in between 5-8% and when you factor in the 3-5% yearly increase in property values you can see why people are looking here in Austria.
2nd March 2009 New Development site at Wolfgangsee
We are pleased to bring you news that our new site for Wooden Chalet homes is now available. There are options of 350sq mtr plots and 700sq mr plots. The prices are a reasonable 45,000 Euro for a small plot and 87,500 for a larger plot. The development is a few minutes drive from the lake, set in quiet countryside, yet not so far from the main road to Salzburg. The ski area of Gaisau-Hintersee is approx 10 minutes.
24th February 2009
Has the snow slowed down property sales?
No..not a bit, if anything it is even more popular as many guests, who have come for a ski break, have decided to look at investing in property. Many now feel that their money would give a better return in Austria. Property rents are running at between 4.5 - 8% return on investment. Plus you can count on a steady increase in value...no not the boom prices of the uk, but if you want investment that is safe...then Austria is the place.
28th January 2009
Austria still selling property
Although there has been a marked slow down in the market. Properties are still selling. Particularly any bargains that come along..these go quite fast. We have just listed a large house near the ski slopes at Russbach in Dachstein ski region....for just 155,000 Euro!! So with bargains like this you can see why property is still selling. We will be putting what ever bargains we can find on the web pages so keep visiting.
9th January 2009 New web cam site for all Austria
Here you can check out almost every area and village in Austria. So, when it comes to looking at areas to buy in...have a look a the local webcam. Good hunting!
The Easy Jet flights from Gatwick to Salzburg have proved popular this year...even with the financial crisis!! Now you have 3 operators to choose from when wanting to come and view a property.
12th December 2008
New for 2009 - Affordable Log Cabin homes
We are pleased to unveil the latest addition to our property portfolio. This is a choice of Log Cabin chalet homes and various plots of land in Austria on which to erect them. The chalets are supplied by one of Norways most respected manufacturers of Log Cabins, so you can be assured that the quality is the best and that your home will outlast your own lifetime!!
You can link to our suppliers here and get all the price information that you need.
24/11/08 - Property for sale in Austria Property for sale in Austria. news update - 27/10/08 -
Property for sale in Austria
The Funny side - Clients buying in Austria. We have had some very funny incidents with clients and felt we should share some with you. The most recent was when one of our clients felt that buying in Austria was all a scam! !
The client had come to view quite a few properties in different regions of Austria, for which we had made all the viewing appointments. The client asked about banks and mortgages, so we managed to arrange an appointment with our local bank manager. We did this at short notice the morning the client was returning to UK. So all was well...and, a very happy client, we thought?
Ah...but we had not thought our good service would cause a problem!! When we later spoke with the client, she said she had delayed any purchase decision because...this part she was embarrassed to say...She had thought that everything had went to smoothly that it could only be a set up to get her to part with her money!!! Particularly, when she met the local bank manager at short notice. She had thought that it was someone who had rented a room at the bank...and they were not really the manager, but someone trying to get her to send her money to them in Austria!! She finally decided that it would have been impossible to rent a room at a major Austrian bank to run a scam!! We were shocked at first, but then saw the funny side. The client has lived so long in London...where it seems that no one trusts anyone!! Salutary lesson here. Being very helpful does not always appear to clients as we assume!!
17/10/08 - Property for sale in Austria
Property for sale in Austria. We have discovered a new effect from the property and financial crisis...Sellers are now taking their proeprty of the market!! The reason being they say, that they do not know where to invest the money from a sale and it is safer to keep the property!!
10/10/08 - Property for sale in Austria
Are properties getting cheaper!!
Many clients have emailed and called us to ask if property is any cheaper now, because property prices in the UK are on the way down as fast as a helter skelter!. In a word...no, the Austrian property has not had the silly increases that have been the norm in the UK for the past 7/8 years. Austrian property prices are quite stable. The government helped in this matter with their 10 year rule on second homes...after 10 years of ownership, you pay no capital gains tax on the profit. Just think, you are entitled to keep every penny...sorry, Euro and cent!!
Prices in Austria have always been a bargain compared to the UK and remain so. You can still get a nice one bedroom apartment for under 60,000 Euro!!
So, it is still sensible to invest in Austria. Whether for holiday home, long term investment or long term rental of your property.
Only 55,000 Euro..There are still bargains around!!
There are still opportunities to pick up a bargain if you are willing to do a little DIY work. WE have just listed a 2 bedroom cottage only 10 minutes from Hochlechner ski for only 55,000 Euros! ....Yes it does need some work(well quite a bit)...but hey the price is perfect investment. Check out our Renovations page. http://www.amazingaustria.com/bargain.php
Main residence or second home?? . Many buyers ask us the question..."Why can I not buy this apartment and rent it out for holidays?" Well part of the reason is to maintain the price levels in a locality, so that local people can afford to buy a home. There is no bias towards overseas buyers as the rules apply to Austrian citizens from other regions just a equally. When a property is desinated as main residence, it is expected of people who buy in the area to come live there are contribute to the local community. To keep alive village life and schools for the children.
The property market in Austria is affected by UK. The mortgage crisis in the UK and America has had a knock on effect with fewer buyers visiting Austria at the moment. Most seem to be waiting to see if the doom and gloom lifts in the UK! Visiting Austria to view Property
Our colleagues at The Bergrose Hotel at Strobl on Lake Wolfgang will be offering 7 nights for the price of 6 from 20th September to the end of October. Contact heidi at the hotel - you can email: office@bergrose.at
New 3 bedroom house for only 120,000 Euro!!
....So Can it be possible...well, that is what a few of our local house building companies are offering.
Of course it does not include the land, but it does include almost everything else!! This could be the way forward to get a bargain new home. Find a plot of land and have your house build to spec. If you would like some more information on these projects, email us at sales@amazingaustria.com
The top commercial bargain this week..is
a Guesthouse at Bad Gastein...the
price only 240,000 Euro!! The catch...it will be hard work in the main tourist season, but
what a bargain!! This is an excellent project for someone wanting to start a new life in Austria. For more info contact us sales@amazingaustria.com
Should you buy a property in Austria or wait?
With
the recent weakness of Sterling against some of the world's major
currencies, it is bound to have an effect on the property markets. On
the day when Sterling base rates went down to 5 per cent The
Independent's headline was "The currency crunch". An 80p Euro was a big
deal...So
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Where to park your car for your visit to Austria
