Offer of the month: Austria's top 5 properties for sale in August

When buying a property in Austria for both living and for investment, it is better to purchase a property with a good location and a lot of amenities and services either on-site or within walking distance.

This type of real estate will be in great demand among landlords and will bring investors a guaranteed income. We have prepared a detailed list of the TOP 5 luxury apartment projects available in Austria in the current month. The Top 5 real estate objects for the purchase of luxury apartments include Hovenweg 3 / 1220 Vienna, 1210 Pastorstraße 28, 1220 An der oberen Alten Donau 177A-179, AM WERDERTOR and Werder Six. The listed residential projects are the most relevant offers on the Austrian market for August 2022.

BUYING A PROPERTY IN AUSTRIA

Purchasing a property in Austria is a profitable investment due to a number of reasons. The first of them is the country’s economic strength, as Austria is recognized as one of the most stable countries in the world. In addition, the capital of the state, Vienna, is ranked first among the world's most livable cities, according to Global Liveability Ranking 2018.

Another advantage of buying properties in Austria is the guaranteed investment income. The average ROI of real estate in the country constitutes 3-6%, with the most popular investment options here comprising commercial and hotel properties.

Highly-experienced professionals at the Luxury Immobilien GmbH real estate agency are ready to provide you with a full range of services related to obtaining luxurious real estate.

We will help you to choose and purchase the most suitable property for you in Vienna, as well as in other cities of Austria. Our company also provides other services such as crediting assistance, visa support, high-quality legal services, and residential and commercial property purchasing counselling. In addition, you will obtain clear answers to questions such as how much a property costs, where is the best location to buy a property, and what is the ROI rate from Austrian real estate.

TOP 5 LUXURY APARTMENT COMPLEXES

Hovenweg 3 / 1220 Vienna

The residential complex located in Vienna, has 10 storeys and offers a comfortable living environment for all occupants. The development company of the project is Haring Group. The real estate in the U-shaped designed building is presented by condominiums with 1-3 bedrooms, with floor plan areas ranging from 33 sq. m to 125 sq. m. The Hovenweg 3 / 1220 Vienna complex also features a limited number of 4-bedroom units.

The starting price for real estate in the development is EUR 231,000. All properties are ready for occupancy, which means that all of the sanitary facilities, tiles and parquet flooring are included in the purchase price.

Note! The process of buying real estate in Austria by EU citizens can take on average from one to three months. The necessary steps include hiring a solicitor and notary, paying the deposit, making the final payment, payment of real estate taxes, etc.

1210 Pastorstraße 28

This residential project has a prestigious address in the north of Vienna, in the 21st district (Floridsdorf) and offers luxurious apartments with 2-5 bedrooms. The total number of residences in the 1210 Pastorstraße 28 development constitutes 36. The apartments in the building have living areas ranging from 52 sq. m to 171 sq. m, and all properties come with spacious balconies and terraces.

The condominium complex with 5 floors is designed in a modern architectural style by the Glorit development company and has equipped the building with a photovoltaic system on the roof, which provides enough energy to support the public areas.

Note! There are several restrictions on the purchase of local property by foreigners in Vienna. According to the Law on Real Estate Transactions (Grundverkehrsgesetz), expats in Vienna can buy residential and commercial real estate only if they have the status of a residence permit or make a purchase/sale transaction through a legal entity.

1220 An der oberen Alten Donau 177A-179

The residential project which has a strategic location right on the Upper Old Danube, features first-class condominiums with 2-5 bedrooms. Living areas of these properties range from 59 sq. m to 189 sq. m. The number of housing units is limited and constitutes only 14.

The developer of the residential project is Glorit. Condominiums in the 1220 An der oberen Alten Donau 177A-179 development all have spacious terraces which offer gorgeous views of the Upper Old Danube, and residents of the complex can easily reach Alte Donau beach.

AM WERDERTOR

The luxury residential development is an imperial house from the Gründerzeit era and
was erected by the architect Ludwig Zettel back in 1869. Today, the complex offers residents a range of amenities and services including 24/7 security, personalised concierge services, underground parking, swimming pools and much more.

In this article you can learn more about the investment potential of the Austrian state, as well as the pros and cons of investing in real estate in Austria and Germany.

The project is situated in the center of the historic textile district in Innere Stadt. The AM WERDERTOR mixed-use development features 37 apartments and 5 penthouses, with living areas ranging from 44 sq. m to 291 sq. m. Ceilings with a height of 4.2 meters and the panoramic windows, which provide stunning views of the beautiful historic part of the city, are distinctive features of the project.

Note! The average cost per square meter of real estate in the central areas of major cities such as Salzburg, Vienna or Innsbruck constitutes approximately EUR 5,160.

Werder Six

Werder Six is a residential development which is advantageously located in the center of Vienna and offers luxury apartments. The development was built in 1876 and was completely renovated by the development company called Allea Group. The historical building is made in the architectural style of the Gründerzeit period.

Properties in the development are presented by luxurious 2-3 bedroom apartments and penthouses, with living areas ranging from 50 sq. m to 104 sq. m. The starting price for apartments for sale in Werder Six constitutes EUR 875,000.