Buying a property in Austria........... much better value than you might imagine!
Buying in Austria
Most people get the impression that Austria is an expensive place to live and that property will be expensive, but this is not the case.
The Austrian economy is very stable and the growth rate has been steady for many years, no boom or bust or rampant inflation there. Hence the cost of living and property prices have been overtaken by the likes of the UK, Italy, Germany, France etc. Apart from a recent hike in property prices in the most popular resorts due to an influx of foreign buyers, Austrian property is great value for money. Not only is it great value but in many places you have true all year round business potential and therefore great potential returns on investment.
In general Austrian property is extremely well built, fittings are of top quality and there are no legal problems related to titlle to deal with. As with most european countries (unlike the UK) the buyer of the property meets all the costs. Therefore you must expect the deal to cost approx 12% on top of the agreed purchase price. However when compared with the escalating prices in the French Alps, a property in a ski resort in Austria can cost as little as 50%!!!!
New build and prime resort locations such as the centre of Zell am See are now selling at a premium but if you are prepared to go just a km or so from the centre you can get some great bargains. For example a 40m apartment 1km from the ski lifts can be as little as 90,000 euro. Larger property, such as houses and small hotel chalets can also be bought, close to a ski resort on a free bus route etc for a fraction of the price in other alpine countries and there's more good news............. mortgages from only 3%
Although prices are rising rapidly, capital gains tax is charged at a flat rate of 25% which means you most likely will not be be liable for UK captial gains tax if living in the UK. We have teamed up with a reliable English speaking agent based in Zell am See, and a Uk based agent specialising in austrian property. Click on the links below which will take you to their websites.
We also have links with other agents, solicitors, a friendly bank manager and a currency broker that can save you 1000s.
As Zell am See is a truly all year round resort, return on investment is considerably better than in other ski resorts. If you need high rental returns, essentially you will need to buy property within walking distance of the town centre, lake and ski lifts as the majority of our clients do not have cars and prefer to holiday without one especially in the winter. Unfortunately this type of property is rare and of course more expensive but even so can yield very good returns on investment if marketed and managed properly. If you simply want a holiday home for your own use, there are some great bargains to be had in the neighbouring hamlets and villages, all of which have easy access to a vast ski area of over 2000km, available on one pass!
Accompanied viewings trips:
As we know the buying process well and have done all the 'homework' we can arrange accompanied or unaccompanied viewing trips for you, including accommodation, and collection from Salzburg airport. Prices for these trips vary according to length and time of year but are on a cost only basis.
Our Rental and Management Service:
Our rental business is growing rapidly, mainly on the back of our own guests wanting buy their own properties! If you do so and we feel that the property has good rental potential we will take it on, market and manage it for you at a very reasonable fee.
So if you are tempted, just get in touch, and we will do the rest.
Call us on 01579 384714.
email us at email@example.com