The Austrian property purchase process involves several detailed steps – not an everyday transaction, so thorough planning and professional expertise are a must. Here’s how each phase works, so your investment is secure at every turn.
The property purchase journey in Austria:
- Arrange a viewing
Once you find a property online or elsewhere that interests you, arrange a viewing with the agent or owner. If you decide to buy, let them know as soon as possible – particularly desirable properties can sell quickly, and early reservation may be possible. - Make a purchase offer
Next, submit a binding offer (typically valid for 14 days). Agents usually provide a standard form for you to complete with your proposed terms and price. If accepted, you are legally obligated to proceed with the purchase — even before a final contract is signed. Always be certain you are ready to commit before making an offer. - Legal and financial closing
The next step is a notarized contract signing, usually arranged by your agent. For extra security, an escrow agreement is often added, laying out all obligations, rights, deadlines, and bank details. The notary will clarify the contract details to both sides. If either party does not speak German, a certified translator must be present for the signing. Signing may be done personally or by proxy.
After signing, the buyer transfers the purchase price to the notary’s escrow account (typically within 2–8 weeks). If financed by a bank, the bank sends funds after final loan approval. Property handover generally happens once full payment is made.
Title transfer
Ownership legally passes via entry into the land register: A notarized contract, proof of paid property transfer tax (3.5%), and all documents are lodged with the tax office and local court. Once approved, you’re entered in the register and become the rightful owner – in Austria, property ownership is legal only upon registration.
Additional buyer costs:
| Property transfer tax: | 3.5% of the purchase price |
| Contract preparation: | 1.2% |
| Land register fee: | 1.1% |
| Estate agent’s commission: | 3% (for purchases over €48,448.52) + 20% VAT if brokered by an agent |
What to consider when buying?
Inspect the property, location, infrastructure, and state of repair. Review all documents: land registry, lease contracts, energy certificates, planned renovations. The land register confirms ownership and any encumbrances. Record meter readings, photograph defects, and make a full inventory of fixtures. An independent building surveyor can help ensure a risk-free purchase.
Special requirements for third-country nationals
Non-EU/EEA buyers must apply in advance for permission to acquire property. EU/EEA citizens are exempt. Each province has an authority regulating land acquisition. This permission is granted if the deal serves cultural, social or economic interests without conflicting with national or political interests. In some cases – such as spouses with one Austrian partner – no permit is needed.
Important: Buying property in Austria does NOT automatically entitle you to residency.
