Probably every resident of Russia dreams about his own real estate in the country of Alpine Mountains, pure air and the most stable economy. However, real estate in Austria, at least in some provinces, is available to the middle hand investors, including from Russia. In addition, the possibilities of profitable sale of property can be the beginning of a successful international business.
Unfortunately, the features of the Austrian legislation limit the possibilities of foreigners to acquire real estate in Austria. On the other hand, unlike Switzerland, on the territory of Austria, objects of the private sector, like the private sector in Bulgaria, are sold much easier. A fairly long process, which, for individual regions, can occupy for about 6 months, brings good profit, only in the case of prolonged use of the object. When selling property during the first ten years from the date of acquisition, in the form of a sales tax, the state will hold about half the profit received as a result of the sale and sale transaction. On the territory of some provinces, you can successfully circumvent this law if you cite documentary assurances that real estate in Austria was used by the seller continuously within two years. Also, in the case of the acquisition of real estate in Tyrol, it is necessary to provide the local authorities with data proving the need to make this purchase.
The national average tax rate on property ownership is 3.5%, while when registering ownership of the apartment, the state charges an additional fee of 1% of the total cost of the object. In order to purchase real estate in Austria, you must definitely live in the country for a long period. Being the owner of housing in the territory of countries, traveling in Europe is simplified, including tours to Bulgaria become affordable.
Real estate in Austria can be sent on bail to a state or bank. The average interest rate on the pledge is 3.6% of the total market value of the object. In addition, the presence of real estate allows you to take a loan under 8% per annum. In addition, loans issued by Austria banks under the guarantee of real estate are up to 90% of the market value of the objects laid.