Vienna Austria Real Estate
In this section we explain how you can rent a house or apartment in Austria in the next few years with rapidly rising prices. To understand the local real estate market and move into your dream home, you must go through the process of buying property in Germany and Austria.
Our estate agents have profound local and national market knowledge and advise prospective buyers on all questions relating to the local market as well as the market in Germany and Austria. When selling real estate, the team of Engel & Volkers Austria offers property owners a wide range of services such as property management, sales and marketing. We also offer commercial property rental services. With over 40 years of experience, you benefit from the expertise of our team of experts in the area of real estate sales, marketing and leasing in Austria and Germany.
When you think about building a home in Austria, there are several important factors to consider. We also accompany you through all aspects of real estate acquisition in Austria, such as real estate management, sales, marketing, leasing and financing.
However, there are some legal hurdles to overcome in order for expats to become property owners in Vienna. Affordable real estate, coupled with low living costs and high financial security, make Vienna an attractive place to buy real estate. In combination with the low interest rates and low property taxes in Austria, owning a property in Vienna has become an attractive investment opportunity for foreign buyers. The current rules in Vienna are the same as those of other major European cities, such as Germany, France and the United States.
In order to establish a group-wide holding company, not even a non-national would have to have a permit to purchase a property in Vienna. In other words, it does not matter which holding you hold or even the name of the company in Vienna. If the real estate company B acquired in Austria is wholly owned by an Austrian company (company A), no authorisation is required as long as it is wholly owned by the Austrian companies that bought it.
The unique Engel & Volkers network enables real estate agents to address prospective buyers from all over the world and offer selected villas and apartments in Austria for sale to a select clientele. Just drop by our desired location and make an appointment for a private meeting with an angel and Volker agent in your area of interest. Angels & Volkers Austria is one of the largest and most respected real estate providers in the country, with over 3,000 agents in its network and over 1.5 million customers in its home country.
Engel & Volkers Austria is represented in residential real estate transactions in Austria, Germany, Italy, Switzerland, France, the United Kingdom and the Netherlands. At present the real estate agents angel and Volker Austria at altogether 13 locations on the way, in order to become fair the needs of their customers in their environment.
Kitzbühel is one of the most sought after - after Innsbruck and Seefeld - real estate locations in Austria. These include Zell am See and the town of Zeller, which houses a large number of residential and business buildings as well as a hotel of the upper category.
Estate agents are looking for condominiums of the same category, which are mainly located in the centre of Kitzbühel. In these top locations, real estate buyers pay an extra charge of around 2,000 to 3,500 euros per square meter for exclusive condominiums, and up to 1,200 euros for apartments.
The inner city apartments achieve one of the highest rents in Austria at 18 to 20,000 euros per square metre. Viennese real estate is also more affordable compared to other parts of Europe, such as the Austrian capital Vienna. The average minimum rent for a house in Austria is about 310 euros per month in Carinthia.
Austria and Vienna in particular are attractive for national and international companies and investors, as markets in Western and Eastern Europe grew in the years after the Lehman crisis.
Vienna is a thriving centre for culture, education and business and of course a wonderful place to live. Vienna is home to one of the world's most renowned universities, the Vienna University of Technology, as well as a number of world-class hotels and restaurants. In all areas of the city, there are more and more serviced apartments, many of which are for sale for less than the price of a detached house.
As in other countries, the subsidised housing construction is not only aimed at low-income households in Austria. According to Statistics Austria, 56.4% of the main residences were privately owned in the third quarter of 2019, 41.2% were let, and Vienna remains one of the most livable cities in the world. Of the rented apartments in Vienna, 52.5% were let as of the 4th quarter of 2018 and a total of 1.7 million rented apartments were in use in the 3rd quarter of 2019, compared with 1 million in 2016, "Statistics Austria states."