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Austria is famous for many things, but perhaps most of all it is for the Alpine resorts - of interest for winter skiing as well as the popular summer walking and sightseeing holidays. Also, Vienna draws in large numbers of visitors. This year sees the 250th birthday celebrations of Mozart, centred around his home town of Salzburg.
On the whole continental Europe shows great promise for investment, as featured in Channel Four's A Place in the Sun, who predicted a 100,000 GBP investment will more than treble in the next three years.
As Austria is in the EU then other European Economic Area (EAA) citizens are citizens are allowed to live here. Lonely Planet Guide to Austria Ask a ProfessionalThere are investment prospects in Austria, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking. It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.
Surge in InterestThe interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.All links and text on this site have been provided for information purposes - they are not recommendations. |