99% of what you need to know before buying real estate in Austria

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THE AUSTRIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Land of Music, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Austria.

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PRICES, RENTS AND YIELDS IN AUSTRIA IN 2024

What's the average cost of a 2-bedroom apartment in Vienna? Where can you find the best yields in Austria? How much rental income can you expect from properties in Salzburg?

This report will give you solid answers, using data sourced from our analysis of over 2,600 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

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ANALYSIS - IS NOW A GOOD TIME TO BUY?

Should you think about investing in property in Austria? While some might argue for it, your Austrian friends might express doubts. Remember, opinions are personal and may not always be based on solid grounds.

In this document, we take the last notable trends in Austria (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

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ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad property investments in Austria always follow the same pattern. If we check certain things, we can easily determine if an investment is likely to fail or not. Wondering what to check? This document has all the answers for you.

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THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Austria? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

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26 CONTACTS TO BUY A PROPERTY IN AUSTRIA

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Austria. From A to Z, we've got you covered.

Inside this document, you'll have access to: Austrian real estate agents, property listing websites, Austrian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Austria.

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WHAT YOU NEED TO CHECK BEFORE BUYING

Misinterpreting 'Grunderwerbsteuer,' navigating historical property restrictions, and not understanding 'Grundverkehrsgesetz'... there are common pitfalls that buyers encounter in the Austrian property market.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

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ALL THE DOCUMENTS AND WHAT THEY MEAN

What should you know about the 'Grundbuch' (Land Register) system in Austria? Are you familiar with 'Grunderwerbsteuer' (Real Estate Transfer Tax)? Do you know 'Wohnungseigentum'?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

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WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Austria, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Austria. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

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HOW TO RENT OUT QUICKLY

To quickly find tenants for your property in Austria, it's a good idea to familiarize yourself with Austrian cultural practices.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

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FOCUS ON SALZBURG

If the melodies of Mozart resonate with you, exploring historic baroque architecture is a delight, and you're enchanted by the beauty of the Alps, Salzburg offers a symphony of cultural charm.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.

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FOCUS ON VIENNA

If Baroque architecture and classical music enchant you, enjoying Austrian dishes like Wiener Schnitzel is a pleasure, and you appreciate a blend of imperial elegance and cultural sophistication, Vienna is for you.

Uncover the region's advantages and disadvantages, projected yields, insights into the short-term rental market, prime locations for competitive prices, etc.

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FOCUS ON TYROL

If the allure of Alpine landscapes and Tyrolean charm captures your imagination, savoring Austrian dishes like käsespätzle is a delight, and you're captivated by a blend of mountain beauty and traditional coziness, Tyrol calls.

After reading this report, which will take you around 20 minutes, you'll have 95% of the knowledge you need to make the right choice about investing in property in Tyrol.