FAQ about Property Buy in Vienna
What are Property Costs in Vienna?
Prices rise the closer you get to the city center. In the high-end, center district of Innere Stradt, apartments may hit 10,000 to 14,000€/sq meter
Districts close to center: 3,500€/sq meter
13th, 18th, and 19th districts (more single-famlily homes): 7,000€/square meter for a high-end home
Average Apartment Prices:
| BUYING APARTMENT PRICE | EUR | USD | GBP |
|---|---|---|---|
| Price per Square Meter to Buy Apartment in City Centre | 3,300.00€ | $4,190.34 | 2,836.68 £ |
| Price per Square Meter to Buy Apartment Outside of Centre | 2,600.00€ | $3,301.48 | 2,234.96 £ |
| UTILITIES (MONTHLY) | EUR | USD | GBP |
|---|---|---|---|
| Basic (Electricity, Gas, Water, Garbage) | 205.00€ | $260.31 | 176.22 £ |
| Mobile Phone 100 Minutes Call | 13.75€ | $17.46 | 11.82 £ |
| Internet (2 Mbps ADSL flat) | 30.00€ | $38.09 | 25.79 £ |
What are the extra fees when buying property?
- 3.5% real estate transfer tax
- 1% registration fee (land)
- 3% fee for the contract installers excl VAT
- Certification costs and disbursements (individual)
- 3% brokerage fee excl VAT
- 0.8% fee for credit bank loans in a single order or contract term 1-5 years, and the remainder 1.5%
- 1.2% lien registration fee
- Pro rata cost of the value opinion (when procuring of residential property)
Are there any restrictions on foreign investors buying property in Vienna?
Yes. It is possible and easy for EU members to buy in Austria. For non-EU buyers, the process can be complicated if it is not your primary residence. Please contact us for more information.
Can I get a mortgage?
Loans are available in Austria. Securing a mortgage in Vienna requires a 25-30% of purchase price downpamyent. Closing costs are 1.2% of the loan amount.
What is the best approach to buying a home in Vienna?
A large portion of the Viennese population rents. It can be difficult to find and secure properties to buy independently or from outside of Austria as many properties are sold and rented through word-of-mouth. Contacting an agent to handle your search for you is the best way to secure that you are represented, that you have access to ideal properties and that you are pleased with your neighborhood and surroundings. Please see more about our Property Buying Service here or contact us.
