Buying and Renting a Property in Austria

Austria has a rich cultural heritage which attracts tourists from far and wide who come to visit the opulent Hapsburg palaces in Vienna, and the baroque architecture of Salzburg. Austria is of course is also a Mecca for skiers with Innsbruck, the Austrian Alps capital, enjoying long snowy winters, yet being warm between April and October - perfect weather for an alpine trek or horse ride. Austria has much to offer property buyers from overseas – who may be looking for a smart city pad or a mountainside chalet – all the types of Austrian properties you will find listed here at Eurofalcon.com.

Buying a property in Austria can be an expensive business with high purchasing costs - and tax rates are high if the property is not to be used as the sole residence. Many overseas buyers purchase property in Austria  to use as a holiday home which also has leasing potential, and despite the relatively high costs associated with buying property in Austria this can definitely be a lucrative investment. When buying a home or investment property in Austria it is worth bearing in mind that holding onto the property for more than ten years reaps tax big benefits.

There is a high volume of rental accommodation in Austria – in fact a high percentage of Austrian people rent rather than buy their properties in Austria. The rental market is highly regulated with strict laws covering minimum notice periods, and there are set rents for certain rental properties based on facilities and furnishings. This is mainly for apartments for rent in Austria rather than family properties however. There is a wide variation in rental prices in Austria – with Burgenland tending to have the lowest average rental amounts and Voralberg the highest.

Austria has long been a popular place to purchase real estate – and in particular attracts buyers from Germany and Italy, and buying a property in Austria has been proven to be a solid investment for many people.  If you are looking for a property to buy in Austria or a property to rent then Eurofalcon.com is an excellent place to start your search. By simply entering the name of the place you are interested in buying or renting in you will be able access relevant property details – with direct access to vendors and landlords. Eurfalcon.com is a European property portal which allows vendors and landlords to showcase their properties to site visitors for free.