Feature of the Austrian market of real estate consists that, as a rule, people buy there housing to live.

To lease residential real estate not especially favourably. First, the profit on this business usually doesn't exceed 5–7% per annum, and secondly, there is the framework limiting growth of a rent. But it is possible to receive quite good dividends, leasing commercial real estate, especially to the area under shops and apartments in resorts.

Resale too not the most favorable вариант14. The tax on real estate sale in the first 10 years after purchase can reach 50% from a project cost: fast resale is considered speculation against which the Austrian authorities effectively fight, forcing sellers to fill up the budget. However, if the seller was registered in object belonging to it and can prove that he there really lived, at sale two years later after its acquisition can exempt from taxes absolutely.

Real estate prices in Austria are quite stable. But the cost of elite objects constantly increases. In 2006 the rise in prices for apartments in the best districts of Vienna — 8% a year began, in 2007 this tendency proceeded. Houses first of all in prestigious areas rise in price.

Maintenance costs of the Austrian real estate are rather insignificant. The tax on structures isn't present, it the country favourably differs, for example, from England. Land tax pays off on the basis of the cadastral cost of a site and therefore is minimum.

Most expensively to contain own house as during a cold season it should be heated in Austria; besides, it is necessary to support in an ideal order not only appearance of the building, but also the surrounding territory. As these expenditure are very notable, the seller even before object viewing by all means tells to the buyer the approximate sum of annual expenses on service.

The apartment house contains by the principle of joint-stock company with obligatory monthly contributions to house fund. On this money the building is served and under repair. If it is a question of serious changes, such as replacement of the elevator or facade repair, the issue of use of the saved-up money is resolved at meeting of residents. The fund even can take the credit if it isn't enough own means. The exact sum of assignments is always fixed in the purchase and sale contract.

As for expenses on water and electricity, then all on counters. Average monthly expenditure under these articles can also be learned upon purchase, but consider: our compatriots spend the electric power and water, to put it mildly, isn't too economical in comparison with Europeans.

Modern real estate in Austria: advantages of acquisition.

The majority of the people acquiring real estate in Austria, want to move to this country: the high standard of living and safety in the country does it by the extremely attractive place for a constant residence. It is difficult to pick up more successful way of investments, than real estate in Austria. The most considerable advantage of investments in real estate of Austria is a stability and confidence in tomorrow. Most of all foreign citizens are attracted by comprehensive security of the rights of the owner at legislative level and strict observance of the law on bank secret in Austria. Certainly, real estate purchase in Austria is a fine opportunity to adjoin to the European way of life, to provide the reliable future for itself and the children. The developed economy to the country, stability in all spheres of life of society, creates the extremely favorable conditions for development of own business. Thus, interest represents not only housing, but also commercial real estate in Austria. On sale quite large number of the enterprises of the various size in the most different industries and a national economy is exposed. Today among the presented objects of commercial real estate you can find in Austria as the small enterprises (cafe, drugstores, bars), bringing in the small stable income, and major product companies and the companies, with the established relations and the signed contracts.