Austria
What do I need to know when buying property in Austria?
When we asked expats what advice they would give a foreigner before buying a property in Austria, they said...
"1. It is important to engage a qualified lawyer to ensure a smooth contract and closing process. 2. Before you commit to purchasing a property in Austria it is essential to do your due diligence in order to understand the local market and relevant laws. 3. Check that the desired property meets all building regulations and standards imposed by Austria. 4. Research title deeds and records of the property that you are considering to purchase. 5. Make sure you understand all the costs associated with buying a property in Austria, including the notary, lawyer, and land registry fees. 6. Some municipalities require buyers to pay an additional tax on top of the purchase price when buying property. 7. Proof of financial means may be requested by the Austrian government, such as proof of income, assets, and/or bank statements. 8. The Austrian government may require non-EU citizens to submit an application for a residence permit in order to purchase a property in Austria," commented one expat who made the move to Austria.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What do I need to know when buying property in Austria?
If you live in Austria, newcomers to Austria would love to hear your answer to this question:
