Are you in love with European life? Have you been to Austria and from the first minute you knew you wanted to live here? This is possible with an investment. Buying property is a wise investment. You will save money and you will have a high standard of living. Invest in real estate in Austria to get citizenship, because the country pays for your investment. The legal system is maximally simplified, so that the purchase of housing is fast. Immigrant Invest provides investment advice to clients from all over the world. Using the services of its experts will allow you to easily realize your cherished dream. The requirements that you may encounter in the preparation and execution of the purchase, described in detail by the specialist of the agency “Immigrant Invest” Victoria Atanasova. She will tell you about all the pitfalls and help you achieve your dream. How to choose a property in the ski resort country? The process of choosing a house or apartment in this country is very painstaking and exciting. This country includes up to ten federal districts, which are characterized by a variety of landscapes, specific territorial location, rules and type of tourism. For those who regularly visit the state, it will not be difficult to choose a place to invest. You as an investor want to buy the house of your dreams, but where to find it?
There is a stereotype that it is more profitable to rent a property than to buy it. Emigrants often invest their finances in real estate, as for them it is a great way to become an investor. In this case, your investment should not violate the interests of the country and have negative consequences in the territory of the state. For this reason, when investing, it is important to thoroughly investigate the laws in the county where you have decided to buy. It is possible to buy a house in this state as: Residence on a permanent basis, which implies a long-term stay on the territory of Austria. As a consequence, the investor becomes a legal owner and a tax resident of the country. This option is not suitable for buyers who are considering the purchase as a place to stay for the holidays. Residency for the tourist. This type of Austria property investment provides rental housing for tourists who visit the country during the ski season. The most popular type of investment among foreigners.“Second home”, this option is not in demand. The owner of the house or apartment there is no need to register and rent it out, which provides absolute flexibility in use. It all depends on your goals of investment in real estate in Austria, which you are pursuing. Every purchase has its own rules and restrictions, regardless of who makes the purchase and for how much. The interesting and most anticipated stage of the purchase is the number of fees that await you during the period of titling in the ski resort country:Payments to the lawyer and notary who will draw up your contract and notarize it. The cost of this service varies from 1% to 3% of the purchase price.Property transfer tax, which is 3.5% of the home’s value.Value Added Tax, which applies to the purchase of new constructions.Registration fee, which is paid to the Land Registry.Notary fee – which depends on the size and value of the property.Agent’s fee for finding and guiding the home to purchase, most often 4% of the property value.Stamp duty – a purely government acquisition fee of 0.5-1%.
Payment of 1.2%, which is stipulated by the laws of the country, as the registration of the property. All commissions that will accompany your Austria real estate investment, depending on the city and place where you choose the house of your desires. Investment as an opportunity to realize your dreams You have chosen the place and county where you see your potential investment in property in Austria. Now you need to get down to the most interesting and difficult part – the documentation stage. This country is known for its simple and fast approach, specifically with regard to new home construction. The first step is to sign the contract for the purchase of real estate. This document contains all the details of your acquisition: the value of the home, agreed with the seller, the schedule of payments, the commission of the purchase. After that potentially your house or apartment is taken off the listings. This contract does not require upfront payments, but you must have the full amount listed in the contract. Signing the contract of sale, which includes an extract from the Land Registry. Please note that by contacting Immigrant Invest, you do not have to worry about the paperwork. Your lawyer will draw up an operating agreement, a “Building Management Agreement,” and more. The main document that requires the buyer’s signature is the deed of sale. It usually takes half a month to send the full amount, including fees and taxes. The final stage of your investment is the transfer of the property. Congratulations, you have become the owner of a luxury home in one of the best countries in the world.