Mortgages in Austria are available if you are a local…but what about if you are foreign buyer?
Over the past few years, many changes have taken place in the finance markets and the hardest hit were mortgages. On top of this there was new regulations on ownership and residency status.
The main changes were to the finance availability. The banks came under new pressure to keep more liquidity. This meant keeping lending local or if you were from another EU country that used the Euro, then it was also possible.
Many foreign buyers still wish to purchase an Austrian property but how? We will over the next week have in place a new commercial mortgage financing possibility from our mortgage provider…..it of course remains subject to normal credit checks, but will give more scope to foreign buyers….watch this space!