Relocation

Renting vs. Buying

In this chapter you find an overview of the different cost classifications you can expect when buying or renting and what documents you need to prepare in order to buy a property as a non-Austrian citizen.

Renting in Austria

The total cost of rent (rent) comprises 3 components: Main rent or net rent, operating costs and VAT, which together make up the gross rent.

Purchaser principle

The ordering principle has been in force since July 1, 2023.

The "Bestellerprinzip" or buyer principle (also known as the "Erstbestellerprinzip") means that the person who places the order with the estate agent has to pay the commission. As a rule, this is the landlord/landlady. However, it may also be the case that the tenant is the client and must therefore pay the estate agent's commission (e.g. if the tenant commissions an estate agent to find an apartment).

Depending on the applicable legal basis, the rent can be made up in different ways. As a rule, this consists of rent, operating costs (electricity, gas, internet, etc.) and VAT.

Since July 1, 2023, the ordering principle has applied, an advantage for tenants.

Buying property in Austria

Buying property for non-Austrians

It is possible for non-Austrians to acquire property under certain conditions. Below you will find the basic regulations, which may differ for different nationalities, as well as services that can help to avoid bureaucratic pitfalls.
For citizens of the EU, EEA nationals and Switzerland:

Since Austria became an EU member in 1995, the rules for non-Austrian ownership have been eased. Citizens of EU states, of the EEA (includes non-EU members Iceland, Liechtenstein, and Norway) and Swiss nationals can acquire property without restrictions and are legally on equal terms with Austrians.

Third-country nationals

People who do not fall into the above categories need an official permit to purchase property or acquire building permit in Austria. Note: The permission process can take up to six months and the regulation varies depending on which province you the property is located. In some instances, if your country has a bilateral agreement with Austria, you may bypass this process. In general, the request is approved if the purchase is of social, macroeconomic, or cultural interest and does not have a negative effect on national interests.

Further Information

In order to obtain the permit, which is subject to different federal state-specific conditions, you must contact the office responsible for the acquisition of real estate.

oesterreich.gv.at

Further Information on the acquisition of foreign land.

oesterreich.gv.at

Further Information on the authorisation procedure for nationals of third countries.

Costs when buying a property

In addition to the purchase price of the property, there are also additional costs associated with the purchase contract, such as land transfer tax (3.5% of the purchase price) and registration fees for the new owner in the land register (1.1% of the purchase price). There are additional incidental costs for loan financing.

As the purchase agreement is usually drawn up by a lawyer or notary and the latter also submits the application for entry of the condominium ownership right in the land register (registration), the buyer must factor in additional costs.

More details on costs

oenb.at

The price should be compared not only to other similar listings, but also to the current real estate index, which is published yearly by Austrian National Bank.

statistik.at

House price index tracks the price development of residential properties (single-family houses, semi-detached houses, terraced houses and flats) for which a private household acts as buyer.

oesterreich.gv.at

Here you can find even more information about buying property in Austria.

Renting vs. Buying

Renting in Austria

Purchaser principle

Buying property in Austria

Buying property for non-Austrians

For citizens of the EU, EEA nationals and Switzerland:

Third-country nationals

Further Information

Costs when buying a property

More details on costs

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Renting – The Details

Utilities