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Real Estate in Graz, Austria | Digital Nomad Exchange
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Graz, Austria

Real Estate in Graz, Austria

By Betsy Burlingame

Last updated on Apr 14, 2024

Summary: The average cost of a nice 2 bedroom home in Graz, Austria is around €200,000, while a nice 3 bedroom home is around €250,000. These properties typically include modern amenities such as central heating, air conditioning, and updated appliances. Foreigners are allowed to purchase property in Graz, however they must obtain a residence permit in order to do so. An expat looking to buy a home in Graz should begin by researching the local real estate market and familiarizing themselves with the different neighborhoods. They should also consider enlisting the help of a local real estate agent to help them find the right property. The most desirable neighborhoods in Graz include Geidorf, Jakomini, and Lend. These areas are known for their vibrant culture, excellent public transportation, and close proximity to the city center.

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How do I find a place to live in Graz?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One option for finding a place to live in Graz is to use online apartment finders such as WG Graz and Immobilien Austria. Many of these sites contain listings for rooms and apartments in Graz and the surrounding area so you can find a place that fits your needs. You may also want to consider looking for shared accommodation listings on sites such as Flatio and Flat4You, which could help you find more affordable accommodations. Additionally, there are many private estate agents and landlords who advertise properties for rent in Graz, so it may be worth your while to do some research online to see what is available," said one person in Graz, Austria.

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What is a typical expat home or apartment like in Graz?

"Expat homes and apartments in Graz tend to feature contemporary design schemes, with modern furnishings and a neutral colour palette. Many homes are airy and spacious, with large windows allowing plenty of natural light into the space. Many apartments are located near the centre of the city, in close proximity to parks, shops, and restaurants, making them ideal for those who enjoy the energy of city life. Many homes also come equipped with amenities like rooftop terraces, balconies, and private gardens, allowing expats to make the most of the city's natural beauty," explained one person living in Graz, Austria, Austria.

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What is the average cost of housing in Graz?

If you are thinking about moving to Graz, cost of living in probably a key consideration. Expats commented about the cost of housing:

"Higher, and the average is about 8 -1200 American Dollars per month WITHOUT the ammenities, and you need to purchase your own kitchen. I am not kidding," explained one person living in Graz, Austria.

"The average cost of housing in Graz is relatively high compared to many other places in the country. Depending on the city district and the size of the property, rent for an apartment can range from €450-900 for a single room and €750-1400 for multiple rooms," said one expat in Graz, Austria.

Should I buy or rent a home in Graz?

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

"Buying a home in Graz can be a great investment, as the city is known for its high quality of life and strong economy. However, it is important to consider the cost of living in Graz, as well as the availability of housing, before making a decision. Renting a home in Graz can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more affordable in the short term. Ultimately, the decision to buy or rent a home in Graz should be based on individual needs and preferences," said one expat who made the move to Graz.

What do I need to know when buying property in Graz?

When we asked expats what advice they would give a foreigner before buying a property in Graz, they said:

"1. It is important to research the local market and familiarize yourself with the current property prices in Graz. 2. Make sure to hire a qualified lawyer to help you with the legal aspects of the purchase. 3. Consider the location of the property and its proximity to amenities such as schools, shops, and public transportation. 4. Be aware of any additional costs associated with the purchase, such as taxes, fees, and insurance. 5. Make sure to inspect the property thoroughly before making a purchase. 6. Be aware of any restrictions or regulations that may apply to the property. 7. Consider the long-term costs associated with owning a property in Graz, such as maintenance and repairs," said one in Graz.

Are foreigners allowed to own property in Graz?

When we asked expats what advice they would give a foreigner before buying a property in Graz, they said...

"Yes, foreigners are allowed to own property in Graz. However, they may need to obtain a permit from the local authorities, depending on their nationality and the type of property they wish to purchase. EU citizens generally have the same rights as Austrian citizens when it comes to property ownership, while non-EU citizens may face more restrictions and requirements. It is advisable for foreigners to consult with a local real estate agent or legal expert to ensure they meet all necessary requirements and regulations before purchasing property in Graz," explained one foreigner living in Graz, Austria.

What appliances are typically included in a rental?

We asked foreigners in Graz what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"In Graz, rental properties typically include a refrigerator, stove, oven, and washing machine. Additionally, some properties may include a dishwasher, microwave, and other small kitchen appliances. Heating and air conditioning are also usually included in rental properties," explained one expat in Graz.

Additional Information about Searching for a Home in Graz:

We asked foreigners in Graz what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats searching for homes in Graz, often begin by browsing online property portals and websites that cater specifically to expats, such as Expatica or Just Landed. They may also join local Facebook groups or online forums where they can ask for recommendations and advice from fellow expats who have already gone through the process of finding a home in Graz. Another option for expats is to contact local real estate agencies, which can provide personalized assistance in finding a suitable home. These agencies may have listings that are not available on public websites and can help navigate the local rental market. Expats may also consider visiting Graz in person to explore different neighborhoods and get a feel for the city before committing to a specific area. This can help them determine which neighborhoods best suit their needs and preferences, such as proximity to public transportation, schools, or amenities. Word of mouth can also be a valuable resource for expats searching for homes in Graz. Networking with other expats, colleagues, or locals can lead to potential housing opportunities that may not be advertised online. Lastly, expats should familiarize themselves with local rental laws and regulations to ensure they understand their rights and responsibilities as tenants in Graz. This can help prevent potential issues or misunderstandings with landlords and make the process of finding a home smoother and more enjoyable," said one person in Graz.

About the Author

Betsy Burlingame Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad 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.

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