10/08/2022
Can Foreigners Buy Property In Austria? ๐ก๐ฆ๐น
๐๐ฆ๐น Foreigners are allowed to buy residential and commercial property in Austria, but the well-being of residents comes first to the authorities. Therefore, it will be easiest for buyers with a residence permit in Austria. And in any case, foreigners will need to request a purchase permit, which is not always issued, and different restrictions apply in other federal states. It is important to note that they are used for individuals and companies registered abroad or controlled by foreigners.
๐๐ฆ๐น The easiest way to buy property is in Lower Austria, Upper Austria, Styria, Carinthia, and Burgenland. But in Vienna or ski resorts - in the lands of Tyrol, Salzburg and Vorarlberg - a foreigner can only buy housing as an exception.
๐๐ฆ๐น The general position of the Austrian authorities is that third-country nationals can obtain permission to purchase if it is of cultural, social or economic interest for the region and does not have negative consequences. The advantage is given to those who will permanently reside in the purchased housing and business people who intend to open their own business in the region. Therefore, before starting the process, it is better to individually check with the local authorities how they will react to the transaction.