Should I buy or rent a home in Austria?

If you have not spent a lot of time in Austria, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Whether to buy or rent a home in Austria is a personal decision that should be based on your circumstances and needs. If you are planning to stay in Austria for a long time, buying a home may be advantageous as it will provide a stable long term investment. On the other hand, if you plan on staying in Austria for a relatively short time, renting a home may be more beneficial and cost-effective, as it requires no long term financial commitment. Additionally, you should also consider factors such as the current property market trends and your budget when making your decision," explained one expat living in Austria.

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Should I buy or rent a home in Austria?

If you live in Austria, newcomers to Austria would love to hear your answer to this question.

About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.