Basic Facts - Buying Process - Costs
Visa / Residency - Health

Basic Facts

Population: 8 million
Capital: Vienna
Native Language: German
Currency: euro (EUR)
Dialling Code: +43
Emergency Services: 112
Embassy in UK: www.bmaa.gv.at/london

Buying Process

• Once a buyer has selected a property, a formal offer is made in writing to the vendor detailing all the costs and timescales. Once the vendor has accepted the offer and countersigned the written offer the sale is legally binding. A deposit of 10% is paid by the buyer.
• The written offer is passed to a Notary, who acts for both parties and they will draw up a contract of sale.
• The buyer passes the full payment to the Notary who holds the funds until the transaction is complete
• When the sales contract is signed by both parties, the Notary passes the contract to the land registry and once the sale has been registered the Notary gives the payment to the seller.

Cost

• Land registry: 1%
• Notary fees: 1%
• Legal fees: 3% approximately
• Translation: GBP250.
• Estate Agency fees: 3.6% (3% + VAT) paid by both parties

Visa / Residency

Austria is a full member of the EU

Health

The health system in Austria is excellent and free to all EU members.

 

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