AES Consulting supports clients through every stage of their real estate purchase in Austria—from selecting a suitable property and due diligence to transaction completion, property registration, and tax consultations. We help foreign citizens safely and affordably purchase property in Austria.
Purchasing real estate in Austria involves several well-defined steps. As these are complex, uncommon transactions, attention to legal and procedural detail at every stage is vital.
1. Schedule a property viewing
Once you discover a property you like — online or elsewhere — arrange a viewing with the agent or owner. If you decide to proceed, notify the agent promptly of your purchase intent, as desirable properties can attract multiple buyers and rarely stay on the market for long.
2. Submit a purchase offer
Next, you make a binding offer, valid for a set period (usually 14 days). After the seller reviews and accepts, you are legally obliged to proceed, even before the final purchase contract is signed. Think carefully before making your offer, as legal commitment begins with acceptance.
3. Legal and financial transaction
Buyer and seller then meet at the notary to sign and certify the purchase contract. Normally, the agent coordinates this, though you may choose your own notary. It’s also common to set up a trust agreement, specifying payment terms, obligations, deadlines, and bank details.
Before signing, the notary explains contract details to both parties and answers all questions. If either party does not speak German, a certified translator MUST be present at the notary signing. Signing can also be done by authorized representatives if needed.
After all documents are signed, you (or your bank) pay the purchase price into the notary’s or lawyer’s escrow account. The property is typically handed over to you once payment is complete.
Ownership is only transferred when your name is registered in Austria’s land register. This process requires a notarized contract, payment of the real estate transfer tax (3.5%), and supporting documents for the tax office and land register court. Once approved, you become the legal owner.
Additional costs associated with buying real estate:
Real estate transfer tax: | 3.5% of the purchase price |
Contract drafting: | from 1.2% of the purchase price |
Land register entry: | 1.1% of the purchase price |
Agent’s commission (for purchase price over €48,448.52): | 3% + 20% VAT |
Important due diligence:
Inspect the property and its documents (land register extract, lease agreements, energy certificate, planned renovations). Record meter readings, note any defects, and photograph all fixtures. If needed, hire an independent building expert.
Special rule for non-EU/EEA nationals:
Third-country nationals must obtain government approval before purchase. This is not required for EU/EEA citizens. The relevant authority considers cultural, social, and economic factors as well as national interests. No permit is needed if spouses purchase jointly and one is Austrian.
Please note: Purchasing property in Austria DOES NOT automatically entitle you to residency.
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An exceptional property in an outstanding location on Vienna’s Ringstrasse, featuring the famed Palais Hansen. This neorenaissance palace was created by the renowned architect Theophil Hansen between 1869 and 1873. Its blend of grand history, elegance, and privileged city living places this apartment among Vienna’s premier residences.
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Rooms: 4 | Bathrooms: 3 | Area: 328 sqm | Status: apartment
Upon entering this luxury apartment, you’re greeted by a spacious foyer with ample wardrobe space and a stylish guest bathroom. An elegant staircase leads you up to a large terrace, shaded with a canopy for true comfort at any time of day — perfect for relaxing or entertaining outdoors. The apartment’s main attraction is its impressive, sweeping living room: a space that truly elevates city living, offering a unique sense of freedom and sophistication.
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