I often get asked “What is the best type property to invest in ? Well, I guess it is subjective depending on what you want from a property investment short or long term? Do you want to buy at best price, have an income and also capital growth in the property’s value and no inheritance […]
Austria is now at that crazy time of year, when old traditions take over. The current one is the Perchten/Krampus beasts! Two words for essentially the same creature. These are people dressed as hairy horned devils. No, it is not just a few people having a fancy dress party, there are actually clubs in most […]
Should I buy property in Austria for a rental income? “After years of price increases, residential property in Austria became cheaper year-on-year in 2023 for thefirst time since the start of the survey in 2010. With a decline of 2.6%, prices for houses and apartments inAustria have fallen more sharply than the EU average of […]
Many clients ask about Inheritance tax in Austria, when it comes to property and passing onto their family..particularly how does it compare to the UK? Well, technically there is No inheritance tax. Since August 2008 the inheritance tax in Austria had been abolished. But when a property is gifted to someone in a will, it […]
Following the devastating floods in Lower Austria, twelve villages and areas were still inaccessible or difficult to reach on Friday, announced Deputy Governor Stephan Pernkopf (ÖVP). 68,000 emergency services – including from all other federal states – had been deployed over the past few days. “Relaxation yes, all-clear no”, emphasized Pernkopf. “That’s why many districts […]
Renting in Austria Many people need to rent when they take a job in Austria for a few years, particularly the City of Vienna. So to give some examples of what is involved: When the fixed-term rental contract expires, these are Generally for 3 years. Looking for a new apartment at short notice is not […]
All over Europe there is discussion about bringing back military service by conscription. Is there conscription in Austria?…simply yes, but there are choices. The compulsory alternative community service was introduced under the Kreisky II cabinet in 1975 due to pressure by pacifist groups. The military was pleased by the development, because it led to fewer […]
Rent or Buy. Due to the enormous increase in interest rates since mid-2022, it is currently better to rent than to buy in Austria’s largest cities. The first interest rate cut by the European Central Bank (ECB) in eight years is finally expected on Thursday. Previously, after a long period of zero interest rates from […]
Fewer new apartments: “The supply won’t be large for much longer” Fewer homes will be built in the coming years – this is prompting the real estate industry, which fears a supply gap. The construction cranes that have been turning in many conurbations in recent years have slowed down quite a bit. Less is being […]
Two year exemption on property registration fees With the new government exemption, Property buyers can save up to €11,500 euros on land register and lien registration fees. The property value limit for the exemption is up to €500.000, This is a very good inducement for first time buyers particularly to get on the property ladder. […]
