Austria is one of the most developed countries in Europe, and although it is landlocked, its stable economy and rich cultural heritage continue to attract foreigners. The relatively modest size of the country does not interfere with active construction, which is why buying real estate in a new building in Austria can be not only a step towards a comfortable life, but also a reliable investment.
Features of new real estate from the developer in Austria
Purchasing of new housing in Austria from a developer has a number of important features that distinguish it from the secondary market:
- High quality construction. During construction, real estate developers in Austria use modern technologies, maximizing the durability of the property.
- Energy efficiency and sustainability. New buildings meet modern energy saving standards, reducing housing maintenance costs.
- Property warranty. Austrian developers provide a mandatory warranty for all properties and, if necessary, promptly eliminate possible defects.
- Developed infrastructure. New residential complexes often include additional amenities such as parking, playgrounds and gyms.
Prices for new buildings in Austria
Prices for new buildings in Austria depend on the region, level of comfort and type of housing.
Approximate prices:
- Vienna - from €5,000 to €12,000 per sq.m.
- Salzburg - prices range from €4,000 to €8,000 per sq.m.
- Innsbruck - real estate here costs from €3,500 to €7,000 per sq.m.
- Graz - from €2,500 to €5,000 per sq.m.
- Resort regions - in places like Kitzbuhel or Zell am See, prices can reach €10,000 per sq.m. for luxury properties.
Nuances of buying new buildings in Austria
Buying new housing in Austria has its own characteristics:
- Foreign buyers. There are certain restrictions for foreign citizens. For example, in some regions, a special permit is required to purchase Austrian real estate. However, with the support of lawyers, this process becomes as transparent as possible.
- Legal support. Real estate transactions are carried out with the participation of a notary, who checks the legal purity of the property and regulates the transfer of funds through an escrow account.
- Payment stages. In the case of purchasing off-plan property in Austria, payment is made in stages: from 10% at the initial stage to the final payment after the completion of the property.
- Additional costs. Buyers should take into account the costs of property transfer tax (3.5%), notary services (2%) and registration fees (1.1%).
Popular cities in Austria for purchasing real estate from a developer
New buildings in Austria are being built in all corners of the country, and here are the most popular of them:
- Vienna. The capital of the country is a cultural, economic and educational center. Active development is accompanied by the construction of both standard and premium class facilities. • Salzburg. The city of Mozart is famous for its castles and mountain scenery.
- Innsbruck. A winter sports and tourism center, suitable for investors in resort real estate.
- Graz. The second largest city in Austria with a well-developed infrastructure, popular with students and young families.
- Klagenfurt. Situated on the shores of Lake Worthersee, this city is suitable for those looking for housing close to nature.
