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ID: AT 052

Luxury apartments with no tourist rental obligation

Rattendorf (Nassfeld)

0 - 8

3,44 - 5,92 % p. a.

195.000 - 1.028.000 €

More

ID: AT 061

Brand new apartments directly in Schladming

Schladming (Styria)

3 - 6

3,07 - 5,12 % p. a.

299.000 - 1.370.000 €

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ID: AT 051

The best from the summer and winter Carinthia

Rattendorf (Nassfeld)

4 - 6

4,20 - 6,00 % p. a.

ID: AT 048

Apartments and hotel rooms near Saalbach

Viehhofen (Skicircus)

2 - 8

3,98 - 6,28 % p. a.

5 reasons to buy an Alpine apartment

  1. Secure Investment

    Austria is a politically neutral country with a stable legal environment.

  2. Steady growth in value

    The value of Alpine real estate climbs by 8 % per year, and in certain areas even by 15 % p. a.

  3. Exclusive Location

    Restrictions on new property development in Austria significantly increase the value of your investment.

  4. Rental yield of 4–7% p. a.

    Professionally managed tourist rental ensures regular income without worries.

  5. Up to 8 weeks of personal use

    You can use your apartment for private stays for several weeks a year.

We'll guide you safely through the entire process of apartment purchase

  1. Choose your apartment

    Browse our portfolio of apartment projects and choose the one that suits you.

    • We will prepare a detailed offer with projects or apartments that meet your requirements and expectations.  
    • We will send you a calculation of total costs associated with the purchase of an apartment. 
    • We will provide you with legitimate estimations of expected rental income. 
    • We will answer all your potential questions - by e-mail or during an online or personal meeting.

  2. Make an on-site visit

    Get acquainted with the project documentation, meet the representatives of the developer and the operating company. Make an on-site visit of the chosen project.

    • We will provide you with the necessary documents and have them translated into English.
    • We will accompany you during the inspection and provide interpretation.
    • We will answer all your questions.

  3. Make a reservation

    Did you find an apartment that matches your expectations? It's time to close a pre-purchase agreement or to make a binding reservation.

    • We'll advise whether to purchase a property as an individual or on behalf of a company, and explain all the accounting and tax implications.
    • We'll translate your purchase agreement or reservation form.
    • We'll answer all your questions.

  4. Sign the purchase contract

    Get acquainted with the purchase documentation and proceed with its signature.

    • We will translate the purchase agreement into English.  
    • We will answer your questions regarding individual provisions of the contract.
    • We will ensure that all due diligence requirements of the law firm and the bank are met.

  5. Register for Austrian taxes

    When purchasing a buy-to-let apartment in Austria, you must register for both income tax and VAT purposes. The whole process of tax registration and filing of regular tax returns will be handled by an Austrian tax advisor.

    • We will recommend you tax consulting firms with English speaking staff.
    • We will help you establish the first contact with them.
    • We will assist you to provide them with all necessary information and documents for tax registration purposes.

  6. Transfer the purchase price

    The purchase price has to be transferred to an escrow account held by an Austrian law firm. The real estate transfer tax, real estate registry stamp duty, and the fee of the law firm handling the purchase process also have to be settled.

    • We will prepare a summary of the purchase price and related costs.
    • We will make sure that the settlements are made without any problems and delays.
    • We will provide you with the real estate registry extract after the change of ownership.

  7. Sign a contract with a professional operator

    It's time to take hold of your apartment and sign a contract with a professional operator. They will take care of the complete management of your apartment, and its tourist rental.

    • We will translate the operating agreement from German into English.
    • We will guide you through the operating agreement.

  8. Enjoy your apartment and the income it brings

    Congratulations, the apartment is yours! Now, you can enjoy the returns from tourist rental and choose the dates of your well deserved winter or summer vacation.

    • We are here for you, whenever you need help or advice – be it a month, a year, or five years from the purchase.
    • We will help with the potential sale of your apartment. 
    • We will assist you if you decide to donate the apartment to your children.

Our advantages

Customer testimonials ->
👍

You won't get burned

We will handle all legal and administrative requirements. With 25 years of experience in cross-border transactions and their tax implications, we don't let ourselves be surprised.

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We play fair

All costs for acquiring the apartment are known up front. We also provide you with transparent estimates of returns and property valuation, so you have all the necessary information.

👍

Enduring Partnership

From the first selection of apartments to the successful completion of purchase, we are here for you at all times. We will not disappear before or after handing over the keys.

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Invest Safely

We cooperate only with trusted partners, ensuring your investment remains stable and secure. We have thorough knowledge of the properties we offer, thus minimising the risk of additional costs.

Frequently asked questions

 

Why is it beneficial to invest in an Austrian apartment intended for tourist rental? What are the returns?

The main advantage of investment apartments in the Alps is the year-round tourist rental that generates regular income ranging from 4 to 7% of the property purchase price. The local operator takes care of all management and guest care, so the owner of the apartment has no rental worries. The Austrian model of professional management and apartment rentals is also one of the most developed in Europe.

The value of investment apartments in Austria grows long-term at 8% per annum, and in some areas even at 15% per annum. The primary reason is the limited or completely halted construction of new apartments, which leads to a rise in prices for existing properties.

Austria as a country with stable legislation, high enforceability of law, and political neutrality provides a safe investment environment. Investing in Euros also helps diversify the portfolio and protects part of the assets from fluctuations in the Czech koruna.

Unlike the Czech mountains, in the Austrian Alps, there is no risk of snow shortage and related income losses from guest accommodation. Apartments here generate consistent returns throughout the year.

The combination of all these factors makes investment apartments in the Alps one of the most reliable ways not only to protect but also multiply the value of your financial investment.

 

EXAMPLE OF PROPERTY PRICE INCOME AND APPRECIATION

The returns from an investment apartment with a purchase price of €200,000, which generates a net rental income (after deducting operating costs and the operating agency fee) of 6.5% per year, and whose value increases by 8% per year:

 

Year Value Net income
1st year 216.000 € 13.000 €
2nd year 233.280 € 13.000 €
3rd year 251.942 € 13.000 €
4th year 272.097 € 13.000 €
5th year 293.865 € 13.000 €

 

Total appreciation over 5 years:

Total apartment value increase: 93,865 €

Total net rental income: 65,000 €

Total: 158,865 €

​Investing in an apartment in the Alps also brings you something no other form of investment can - unforgettable experiences.

Perhaps after a day on the slopes or in the bicycle saddle, enjoying a glass of Aperol on the balcony of your apartment, watching the sunset over the mountains. Because it's not just an investment in property, but also in beautiful experiences in your own piece of Alpine paradise.

What are the types of properties in Austria and the conditions of their use?

There are three main types of properties in Austria, each with different usage conditions. The most common are investment properties for tourist rental, which our company also offers:

 

Tourist rental property (Touristische Vermietung):

  • This is the most common and popular type of investment property.
  • The property purchase is exempt from VAT.
  • The owner is obliged to rent the property for tourist purposes.
  • Rental and apartment management are provided by professional management companies.
  • The average net rental yield ranges from 4 to 7 % per annum, depending on the location.
  • The owner can use the apartment for private purposes, typically 4 to 8 weeks per year.

 

Leisure use property (Zweitwohnsitz):

  • Offers maximum usage flexibility.
  • The owner does not register as a permanent resident of Austria and can use the property for personal use up to 183 days per year.
  • It's possible to rent the property to third parties for the rest of the year, or not to rent it out at all.
  • This status is rare and less than 5 % of properties in Austria have it.

 

Permanent residence property (Hauptwohnsitz):

  • Intended for long-term or permanent residence, suitable for those wishing to move to Austria.
  • The owner must use the property for personal use more than 183 days per year.
  • It's obligatory to register for permanent residency and become an Austrian tax resident, which means filing an annual tax return and paying tax on worldwide income in Austria.

What are the benefits of buying an apartment in Austria compared to properties in other countries?

Investment apartments in Austria offer several fundamental advantages over properties in other European countries:

High level of professional management:

The Austrian model of professional management and rental of apartments is among the most advanced in Europe, characterized by high professionalism. Specialized management companies ensure the complete operation of accommodation facilities, which includes offering on online accommodation platforms, reservation planning, reception operations, guest check-in/out, cleaning, repairs, and insurance.

Stable price growth:

In 2023, the real estate market in most European countries stagnated or declined, but property prices in Austrian tourist areas grew on average by
8%, in the highest demand tourist areas even by double-digit values, which significantly outperformed the inflation rate. This stable growth and resilience to external fluctuations are caused by the law regulating the use of residential properties in Austria and targeted restrictions on the construction of new development projects.

Year-round utilization:

Apartments in Austria are rented year-round, ensuring a stable income. Unlike properties in Croatia or Bulgaria, which are used only during the summer season, apartments in Austria have an annual occupancy ranging from 160 to 250 days per year.

Secure investment environment:

Austria is a politically neutral country with a high enforceability of law and stable legislation. Your money is safe here. Moreover, acquiring properties in euros enables portfolio diversification.

Thanks to these factors, Austrian apartments become an attractive choice for investments providing a stable and profitable income all year round.

What are my accounting and tax obligations associated with renting an apartment?

In view of the fact that rental income is earned in Austria, it is necessary to register for both income tax and value-added tax, and to submit tax returns. We are happy to recommend trusted Austrian accounting firms that communicate in Czech or Slovak. Processing accounting statements and tax returns is straightforward and not overly costly.

Rental income also becomes part of the worldwide income in the country where the apartment owner is a tax resident - usually in the Czech Republic or Slovakia. Thanks to double taxation agreements, it is then possible in the country of tax residency to deduct the income tax paid in Austria from the worldwide income tax.

Accounting and tax issues related to purchasing and operating an apartment are a common part of the consultations we provide to our clients.

How does the management and operation of an investment apartment in Austria work?

The management of an investment apartment in Austria, known as "buy-to-let", is in the hands of specialized management companies you can rely on. These companies provide complete operation of the accommodation facility, including your apartment. After signing the operating agreement with the operator, you no longer have to worry about managing the apartment - everything is arranged for you.

The management includes:

  • advertising the apartment on accommodation portals (Booking, Trivago, Airbnb, etc.)
  • presentation on their own websites
  • complete care for the guests (bookings, reception operations, check-in/out)
  • cleaning of the apartment and common areas
  • repairs
  • insurance

How does the payment of income from tourist rentals proceed?

The operator, as part of their services, carries out regular monthly, quarterly, or annual billing. The frequency of billing depends on the conditions of the particular project. After deducting operational costs and the fee for management services, the rent for the apartment lease is sent to the owner's bank account.

Further questions ->

Latest news

All the news ->
15. 9. 2024

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Considering
the purchase of a buy-to-let apartment?

Please do not hesitate to write us. We will be happy to answer your questions or set up an online meeting with you.

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