Real estate in Austria.
The opportunity to buy property in Austria appeared in Russians relatively recently. This country is attractive not only for its landscapes, but also for economic and political stability, high level of social protection.
A few words about the advantages of buying property in Austria.
In Austria, buying housing by foreigners & ndash; The procedure is rather complicated, with a number of limitations and nuances. But after going through all the necessary steps and acquiring real estate here, you certainly will not regret your choice. The advantages of buying an Austrian real estate are obvious: you can significantly improve the quality of your life.
Austria is interesting both for permanent residence, and for short-term rest – most of the country is in the Alps, and hence the tourism here is well developed (especially the ski resort). The level of economic development, security and stability allows us to talk about the suitability of the Alpine republic for the permanent work and life of people with the most exacting requirements for the country of residence.
The standard of living in Austria is largely comparable to Switzerland, but the cost of living here is somewhat lower. In Austria there are no undeveloped lands or orphan buildings. The entire infrastructure is highly developed, laws exist not formally, but in practice, the territories are landscaped. This state is created with care for its citizens. Buying real estate in Austria, you will be confident in the future, not being afraid for the upbringing of your children. Austrian education is characterized by a fairly high level and low prices. A wide choice of higher educational institutions makes it possible to obtain any specialty, the diploma obtained here will be quoted all over the world. There is a whole state program to support young families, including families of foreigners. For example, in a kindergarten or school your child will be able at the expense of the state to learn Russian with a teacher in order to preserve the native language.
Austria & ndash; this is a triumph of tranquility and stability. Buying property in this country & ndash; An excellent choice for those who prefer a measured life and confidence in their future.
Business in Austria & ndash; it’s simple.
If you want to move to this country for permanent residence, perhaps you are thinking about starting your own business there. Here enterprises of various levels are offered for sale in different industries. These can be small cafes, shops, hairdressers, providing a small but stable income or rather large trading or manufacturing enterprises, the organization of the hotel business with established connections. Quite often on sale you can meet the company & laquo; family & raquo; Business in connection with the retirement of their owners. A large number of business brokers in the country will ensure the conduct of a purchase transaction at the highest level.
The procedure for buying commercial real estate in Austria takes place through a notary. The most lengthy process is at the same time the analysis of the market and the choice of the company for purchase.
When buying a business, you must provide a plan for the development of the company and demonstrate its management capabilities. Business management can be handled by the owner himself, as well as the hired manager or management company. It is important to remember that all the personnel of the enterprise will be relatively expensive, and the tax system in the Alpine republic also “eats” a significant part of the proceeds.
Relax for every taste.
Austria is one of the most beautiful European countries, a favorite place for tourists from all over the world.
The culture of this country & ndash; a striking mixture of German, Hungarian, Czech, and North Italian traditions (it was these peoples that once formed the backbone of the Austro-Hungarian Empire).
For those who are interested in art, undoubtedly, the capital of Austria will be attractive & ndash; Vienna, which hosts the world’s largest music festivals and luxury balls.
Fans of extreme recreation will like the ski resorts, of which in Austria a great variety – for every taste and size of the purse. A rest on numerous high-mountain lakes, as well as balneological resorts will be useful for those who want to improve their health.
The picturesque and multifaceted nature of this country combined with excellent living conditions makes the purchase of real estate in Austria very attractive.
Features of the real estate market.
Demand for Austrian real estate from foreigners is quite large, despite the fact that there are a number of legislative restrictions. Many bills are designed to exclude speculation in the real estate market. It is strict laws and high taxes on real estate that guarantee the stability of this country. The order, safety and care of people in Austria are fundamental. Therefore, if you want to buy property in this country, be prepared to go through certain stages of this procedure.
All real estate purchase and sale transactions must be approved by the authorities, therefore it is necessary to obtain permission to purchase real estate in the local municipality. This procedure is mandatory for both residents of the country and for non-residents. Thus foreigners should specify the purpose of purchase of the real estate in Austria. This is one of the main criteria by which the authorities will issue a permit or refuse to conduct a transaction. For example, a farm in Tyrol can only be purchased by a farmer who will be required to keep at least 5 cows. In other places there are other conditions.
The scheme of purchase and sale is very clear, all conditions are prescribed in the law. All real estate transactions are carried out by a licensed lawyer and a notary. In accordance with the law, when viewing objects you sign a separate agreement for each object, which includes information such as address, cost and characteristics of the object, the date of viewing, information about the buyer, the value of the realtor’s services (the realtor’s fee is also fixed in the law and is fixed 3.6% including VAT).
Bargaining is fixed in writing. You officially offer your price, in response to this the owner of the object either agrees (also in writing) or offers his own variant of the price.
Payment for the property is made through a lawyer. He notifies the seller of the receipt of money, but transfers the money to the owner of the property after the approval of the transaction by the authorities and the introduction of changes to the land cadastre. The authorities can refuse to conduct a transaction, in which case the money for real estate to the buyer is returned except for the payment to a lawyer, realtor and notary. If you consult with a qualified lawyer before viewing real estate, this risk can be avoided.
The transaction process, together with the consideration of documents, can take from 3 to 12 months.
Real estate prices in the Austrian Republic.
What is the cost of confidence in the future?
Throughout Austria, the cost of real estate is almost the same, but the choice of location is extremely important. The country is divided into nine independent lands (with fairly wide autonomous rights), which are subject to certain laws, including regulating the procedure for buying real estate by foreigners.
Property prices in the country are stable and rise quite slowly, on average by 3-5% per year.
The rental of office property in Vienna is about 100 euros per year per square meter. This is completely underdog for the city, which is leading in various ratings on the standard of living for several years.
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