Major Property bribery Corruption trial Wiener Wohnen corruption trial against 53 defendants begins on November 27 45 employees are alleged to have been “bribed” by the corporate network of a 58-year-old businessman. The total loss amounts to around 170,000 euros. Vienna – A major trial begins on November 27 at the Regional Court for Criminal […]
Real estate prices continue to fall According to analysts, there is no end in sight to the fall in prices, although the market is divided into two parts: Second-hand properties are becoming cheaper, but newly built hardly at all. It would have been unthinkable in the past, but now one notices it all the time! […]
Graphic courtesy of Der Standard Many apartments are studios and therefore small – How living in 35 square meters works In small apartments, everything should have a fixed place, and color accents are very much allowed – even if many are concerned about them. At first glance, everything here looks like in a normal, small […]
This was one of the offers this past summer in Austria. Their take was that as many people under 35 have tattoos, then it would be good to get them to advertise on their body!! Free climate ticket against tattoo – with this action Climate Protection Minister Leonore Gewessler (Greens) caused a stir in the […]
VIENNA — Villain or victim? Former Austrian leader Sebastian Kurz, his political and personal future hanging in the balance, appeared in a courtroom here on Wednesday 18th Oct, for the opening of what could be the first of multiple trials that will determine whether he was a corrupt manipulator as chancellor, as prosecutors allege, or […]
Denglish instead of German – but why? Is English changing the German language. From “House of Strauss” to “Shabby Chic”: English phrases thrive. Why do we use them when there are also German terms available? In the USA, a linguistic phenomenon can be observed that has increased considerably in recent decades. People who are self-respecting […]
27.09.23 Creative ways of financing property – The apartment is in Austria, but the loan comes from Germany The lending rules in Austria are stricter than in Germany, which is why apartment hunters also ask around at banks in the neighbouring country – or get creative in other ways. The dream of owning a home […]
How a dispute over an Alpine pass turned into an EU-wide political headache Locals want fewer trucks; truckers and national politicians want uninterrupted cargo traffic; Brussels wants the problem to go away! STEINACH AM BRENNER, Austria — One of the European Union’s thorniest problems is right outside the Mayor Florian Riedl’s window. Within sight of […]
Property price drop Residential real estate will become around ten percent cheaper in 2023 and 2024 Property prices to drop in Austria. After rising by 30 percent since the pandemic, real estate prices are currently falling again – they are also losing value due to inflation. In 2021, anyone who took out a 30-year loan […]
Real estate/property sales in all of Austria slumped this year From January to June 2023, a far fewer properties were traded than in the first half of 2022 In the first half of 2023, 58,195 real estate sales were registered in the land register in Austria, which was 21.6 percent less than in the same […]
