subject: Austrian Property Investment [print this page] Today just as in other European countries there are opportunities now for UK citizens to be able to invest in property in Austria if they wish. In fact many people from outside of Austria have chosen to purchase property here but it was a very long and arduous process.
But now the Austrian Government has chosen to make changes to the laws regarding foreign nationals investing in property in the country. In fact these changes have not only helped to make the whole process streamlined but also much simpler. Certainly for those who reside in countries that are part of the European Union (EU) will discover that they could be proud owners of a beautiful Austrian property in quite a short space of time.
However although investing in property in Austria is a sound option one must be aware that compared to other EU countries house prices here are relatively high. That is properly one of the reasons why it is only the rich seem to choose to do so. But this situation is changing and there is every chance for the normal Joe to be a proud owner of property in Austria. This is because companies such as Club la Costa offer timeshare properties in this country now.
You need to learn as much as you can about not just the processes of purchasing a property in Austria but what implications this could have on your tax situation not only in this country but also back home. So it is important that you make arrangements to speak with a lawyer in Austria who has experience of dealing in the purchases of property in the country by foreign nationals. Also make sure that you choose a lawyer who can speak your language as well to ensure that there are no misunderstandings that could actually cost you a great deal in the future.
