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RESIDENTIAL PROPERTY PURCHASE BY FOREIGNERS

Writer's picture: Law Offices Dr. F. SchwankLaw Offices Dr. F. Schwank

Updated: Jan 30

Foreigners wishing to acquire ownership or co-ownership of residential real estate in Austria, require approval by provincial authorities. Nationals of EU and EEA member states are treated equally to Austrian nationals. 


As a result of bilateral agreements with some third countries their nationals may also purchase properties without approval provided they have optained an exception certificate.


All other foreigners have to file a request for obtaining approval for the acquisition proving a cultural, social or economic interest in the acquisition. In any case the authorithies may refuse an approval in case impaired.


The legisation differs between the nine Austrian provinces. Seek legal advice before you enter into a commitment.


(c) Alena Darmel: https://lnkd.in/dR_MFJ_7
Picture (c) Alena Darmel: https://lnkd.in/dR_MFJ_7

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