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," explained one expat living in Austria.
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Other Questions:
- What should I pack when moving to Austria?
- Where should I setup a bank account in Austria?
- Will I be able to find a job in Austria?
- What is life like in Austria?
- What do expats in Austria appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Austria?
- Is there a lot of diversity? Are people in Austria accepting of differences?
- What are the schools in Austria like?
- What are healthcare services like in Austria?
- What are medical services in Austria like?
- Are healthcare and health insurance expensive in Austria?
- What are emergency services like in Austria?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Austria?
- How are local medical facilities in Austria?
- As a foreigner living in Austria, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
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:
