AUSTRIA
Its close proximity to Hungary and the favourable profit potential on property investment
makes this country really attractive to Hungarian buyers. Most buyers are looking to buy
residential property in the Alps. There are property developments built for exactly that
reason, with overall service of lettings. Alps are no only for winter sports. It is a frequent
destination for hikers from spring to autumn too. This makes these properties an even more
attractive target for Hungarian buyers.
- 4 5% annual yield from letting
- Stable economy and political system
- Steadily growing real estate market
- Supply and demand are in balance this is controlled by the government, as no large
complexes are permitted to build - Law ensures the quality of build
- Every money transactions during the property buying process is going through
government personnel, therefore it is absolutely safe - 1-2 bedroom apartments around €100,000, 2 bedrooms houses around €250,000
- Transaction tax 3.5%
- Registration fee 1.1%
- Notary fee 2-3%
- Other costs (proofs and validations) €350
- Required time of completion after the property is chosen 1 month