Wildgarten
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Overview
A residential project in Vienna with an urban garden concept, promoting green living.
Building/Community Amenities
- Clubhouse / Resident Lounge
- Community Garden
- Daycare Services
- Garden / Courtyard
- Guest Suites
- Library
- Party / Event Room
- Rooftop Deck / Terrace
- Sauna
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Austria, but non-EU citizens may face additional scrutiny and need to obtain special permits.
Tax Considerations
Property Taxes
property tax is levied based on the assessed value of the property, typically amounting to 0
Transfer Tax
purchase tax of around 3
Inheritance Tax
Capital gains tax is applicable on the sale of property, generally at a rate of 30%
Important Considerations
Restrictions
- Restrictions may apply to the purchase of agricultural and forestry land by foreigners without EU citizenship.
Required Documents
Financing Options
Financing Options
Financing in Austria
Austria offers a range of property financing options for foreign buyers, making it an attractive destination for real estate investment. The country's stable economy and competitive mortgage rates contribute to its appeal. Typically, loan-to-value (LTV) ratios for mortgages in Austria range from 60% to 80%. This means that foreign buyers can expect to make a down payment of 20% to 40% of the property's value. Austria's robust legal framework and transparent banking system make the mortgage process straightforward for international investors, further enhancing its desirability as a destination for property financing.
Requirements for Foreign Buyers
- 1Valid passport or ID card
- 2Proof of income (e.g., salary slips, employment contract)
- 3Recent bank statements (usually last 6 months)
- 4Credit report or credit history
- 5Property appraisal report
- 6Tax returns for the last 2 to 3 years
- 7Proof of residency or address
