Aside from improving quality of life, the fact that first-rate real estate is a secure investment is becoming more and more important. Purchasing a holiday home provides the best of both worlds: a better standard of living and a secure capital investment. You can enjoy attractive returns if you let your holiday home when you are not using it yourself.
The 50+ generation in particular considers the acquisition of a holiday property to be a modern and solid retirement investment option similar to the purchase of an investment property in the city. The reason: first-rate real estate is immune to inflation and depreciation.
There are restrictions on the acquisition of holiday homes in most Austrian federal states. Properties that are registered as holiday homes must be classified as such by the state government. Construction companies take care of these permits before building is begun. Properties that have been classified as holiday homes can be purchased and freely used by any EU citizen.
In Austria, the following fees are charged on top of the price of the property, underground car parking, fixtures and fittings: 3.5 % property transfer tax and 1.1 % land registry entry fee