#real estate austria
Guide to Buying Property in Austria
Property Market in Austria
When it comes to affordable ski properties or the best dual-season mountain homes, Austria is hard to beat.
Beautiful Alpine villages built on centuries of traditional hospitality naturally that bit more welcoming than either the French or the Swiss provide family-friendly bases for great outdoors orientated holidays.
Many ski villages are even busier in the summer months when hiking and biking are especially popular.
Never having experienced the property speculation of some French or Swiss resorts, prices of homes have remained stable and affordable the country practically avoided recession and it s the current buoyancy of the markets in many areas which makes it more popular than ever with British buyers.
Ski chalets can be bought for half the price of comparables in heavily restricted Switzerland, and only a few select resorts in the Tirol and Vorarlberg provinces (such as Kitzbuhel) restrict purchase by foreign buyers. EU citizens can buy and live permanently anywhere; it is only holiday homes which are are regulated.
Where to Buy Property in Austria
Although popular with European aristocrats a century ago, the spa town of Bad Gastein has been quietly gaining in popularity with the British over recent years and there are several reasons for this.
Seventy minutes drive from Salzburg, it is accessible for weekends and as a year-round town it ticks all the boxes: access to the decent Gastein ski area, elegant architecture, good restaurants, great wellness facilities based around the thermal springs and a good base for exploring the valley.
Apartments predominate property options: new-build or converted historical buildings; expect to pay around 100K ( 85K) for a studio; 180K ( 153K) for a two-bed apartment; around 320K ( 271K) for three beds.
Next up is the popular and historic resort of Zell am See, which offer truly dual-season living with its lakefront location and great ski area (with the Kaprun glacier).
The family-friendly Salzburgerland resort 90 mins by train from Salzbburg – is brimming with new developments, from 78k studios in hotels to high-end apartments for over 500k.
You can buy a new-build two-bed apartment from around 230k, or a 3-bed resale for nearer 280 if you are lucky.
Finally, Gerlosplatte is a good choice if you seek a ski in-ski out property without breaking the bank. This little ski resort is not widely known in the UK but offers everything one could want, 75 mins from Innsbruck.
It s only eight minutes up from the attractive riverside town of Gerlos, but being on the border of the Tyrol, you can avoid renting.
New-build four-bed chalets sell for around 500K ( 424K); apartments from 175K ( 148K). Where else can you get a ski in-ski out home for that?
How to Buy Property in Austria
This is relatively straightforward, with a notary acting on behalf of both vendor and buyer, and overseeing the signing of the deed of sale by both parties.