Investment Property and Real Estate in Austria

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Investment Property and Real Estate in Austria

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As will be discussed in greater detail later, overseas investors have a history of investing in real estate in Austria. In recent years, significant steps have been taken and made to streamline and simplify the manner in which foreign nationals can invest in property in Austria. This is particularly true when it comes to foreign nationals from the countries that make up the European Union.

A foreign buyer that is interested in investing in real estate in Austria needs to keep in mind that the cost of real estate in that country is higher than in any other country in Europe. Thus, for the most part, individuals who find themselves investing in Austria tend to be a bit better heeled and tend to have a higher amount of disposable income.

The tax implications of buying and selling property in Austria also need to be kept in mind when it comes to a foreign national making an investment in that country. These implications are set forth and discussed previously.