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Home»Exclusive news»It is difficult to buy real estate in Austria, but possible

It is difficult to buy real estate in Austria, but possible

April 16, 2018

There are very strict rules for selling real estate on the Austria real estate market by a foreigner. The reason for such a tough real estate policy is that the state of this country cares about its citizens and does not allow speculates on its real estate so that later the residents of the country do not have to rent housing from foreigners. That is why in order to buy real estate in Austria, every foreigner needs to go through a special procedure in which a foreigner needs to explain intelligibly why he buys this land, and on the basis of these explanations, the Austrian authorities individually consider the possibility of selling real estate to this foreigner. Each transaction for the purchase of real estate is drawn up only on the basis of the permission of the municipality. There are very stringent restrictions for foreigners, for example, if you buy Tyrolesky agricultural lands, then you will not have the opportunity to reproduce them, and if you decide to resell the real estate earlier than 10 years after the purchase, you will have to pay 34% of the income tax. Such restrictions practically exclude the possibility of speculation of Austrian real estate, but this makes the Austrian economy so reliable and stable. Austrian laws are aimed at ensuring that foreigners who purchase real estate buy it precisely in order to live in Austria, and if you want to buy a rest house, then they will most likely refuse. But, despite all these formalities, a person who is clean before the law has no reason to worry, since there should not be any special problems with the purchase of real estate in Austria. If you decide to buy real estate in Austria, then you should know that before viewing each object you will need to sign an agreement that will indicate the price of the object, the cost of its monthly content, a macler remuneration of 3.65% of the transaction amount. This agreement protects the work of McLaner, and do not try to go around realtors, since the Austrian sellers are likely to refuse to cooperate with you. If you decide that the object is suitable for you, you will need to make a written proposal to the seller, after which the deposit is made and the registration of the contract of sale begins. The caution of the Austrian authorities is justified, because it has its fruits – the level of security in the country is very high.

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