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Buying real estate in Austria
A deposit of lO% is usual but not necessary, returned if the sale falls through when buying real estate in Austria. Property sales are usually handled for both parties by a solicitor/lawyer. The purchase agreement and the documents can be signed before an official at an Austrian embassy abroad and translated if required. When the purchase contracts are signed the funds are deposited in a trustee (escrow) account until completion takes place. The owner details will then be registered in the land registry and can take a few months. The taxes and fees are then paid by the solicitor/lawyer and the agreed purchase price paid to the vendor.

Solicitor / Lawyer
A solicitor/lawyer would normally be employed to handle the sale and buying contracts.

Fees
Your total fees should be around 8-9% of the buying price and will include property transfer tax of 3.5% and notary fees around 3-4%. The ownership registration should be 1% with stamp duty 0.5-1%, the land registry fees averaging a payment of around 300 / $450.

Property Tax
Will be between 0.4-0.9% of the properties assessed value and should be lower than the market sale value.
Wealth tax of 1% of your net worth irrespective of your resident status is charged for Austrian property owners.

For more information on Belgium Property and to arrange your viewing visit:

  Belgium Property Viewing Arrangements

 

buying real estate in Belgium   Belgium

Advocaten, Solicitors/Lawyers
  www.moeydelo.be

Allen & Overy
  www.allenovery.com

Beachcroft Wansbroughs
  www.bwlaw.com

Berwin Leighton Paisner
  www.berwinleightonpaisner.com

Denton Wilde Sapte
  www.dentonwildesapte.com

D L A
  www.dla-law.com

Eversheds
  www.eversheds.com

Field Fisher Waterhouse
  www.ffwlaw.com

Freshfields Bruckhaus Deringer
  www.freshfields.com

Hammond Suddards Edge
  www.hammondsuddardsedge.com

Herbert Smith
  www.herbertsmith.com

Law Office and Dept Collection
  www.dvm.be

Legal Information, English
  www.pim.be

Masons
  www.masons.com

Nabarro Nathanson
  www.nabarro.com

Pinsent Curtis Biddle
  www.pinsents.com

Richards Butler Int Law Firm
  www.richardsbutler.com

Wragge & Co
  www.wragge.com

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