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Buying Property at Ski Resorts in Austria?

Buying Property at Ski Resorts in Austria?
Buying Property at Ski Resorts in Austria?

Skiers who go to ski to Austrian slopes every year have got excellent chances to buy property there. There is a great amount of holiday property in the Austrian Alps that is offered at a very favorable prices.

Everyone knows that the Austrian ski resorts are of the same excellent quality as many French ones. However, the property in Austria is still not so expensive as it is in France. It is twice cheaper to buy a vacation home in Austria than in France. Besides, if one owns a vacation home in the mountains, can also have a great rest in summer, too. Summer tourism is simply boosting in Austria now.

There are many regions in Austria where one can find vacation property according to your own choice. The prices also depend on the quality of the local ski region and amount of rent one can get from the accommodation.

If one chooses to buy a ski hut in the region that is situated closer to Switzerland, then it should be taken into account that the property there is the most expensive. There are such popular and prominent resorts as Kitzbühel and St Anton.

The prices for property in Austria do not rise rapidly. The average rise in price for property in Austria is nearly 6 – 7% a year. Besides, if the foreigner owns property in Austria for more than 10 years, then it is possible to avoid the 50% capital gain tax. So why not start considering to buy property in Austria?

Date: 24/02/2008

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