Buying property in the federal state of Vorarlberg

Vorarlberg is one of the nine Austrian federal states, where visitors can find a great number of museums, as well as natural beauty spots including lakes, mountains and valleys.

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Vorarlberg is one of the nine Austrian federal states, where visitors can find a great number of museums, as well as natural beauty spots including lakes, mountains and valleys.

Tourists come here to practice winter sports, go hiking, and visit musical and dance festivals throughout the year. Vorarlberg is the best option to obtain property for those who wish to relax away from the hustle and bustle whilst also having the opportunity to travel to other European countries.

In this article, you will find information about the western Austrian federal state of Vorarlberg as well as the advantages of purchasing a property here.

Vorarlberg

GENERAL INFORMATION ABOUT VORARLBERG

01

Vorarlberg borders Tyrol to the east, as well as three countries including Germany, Switzerland and Liechtenstein.

You can easily travel from Bregenz to the capital of Liechtenstein; Vaduz, in 45 minutes', and to Zürich in less than 2 hours by car, and travelling to Stuttgart and Munich will take about 2.5 hours. Even though Vorarlberg boasts the second smallest geographical area after the Austrian capital Vienna and has the second-smallest population, the population density here is second-highest after the capital and is 397K.

02

Even though Vorarlberg isn't a big federal state, it offers a variety of geographical locations.

Here visitors can find several mountain ranges, including the Verwall, the Arlberg, the Silvretta and the Rätikon, as well as rivers such as the III (a tributary of the Rhine), the Rhine itself, the Bregenzer Ach and the Dornbirner Ach. The federal-state is also known for its lakes including Lake Constance, Lüner Lake, Silvretta Reservoir and Vermunt Lake, just to name a few. Lüner Lake is considered to be the largest mountain lake in the Alps even before the construction of a hydroelectric dam in 1958. The Piz Buin is the highest mountain in the region with a height of 3,312 m and can be found in the Silvretta range, surrounded by glaciers.

03

The climate in this federal state is comfortable for living, as the summer temperatures are usually from +20 °C to +25 °C and July is considered to be the sunniest month. In January the average temperature is +3 °C.

04

The federal-state is divided into four districts including Bregenz, Dornbirn, Feldkirch and Bludenz. Bregenz is the capital of not only the same-named district but the whole federal state too.

While travelling to the capital of Vorarlberg, Bregenz, don't forget to visit:

SIGHTSEEING

You can also find a wide range of interesting sights outside the capital of the federal state. Among them are:

If you aren't into museums and galleries, you might be interested in some nature and the resorts of Vorarlberg:

Note: Austria offers a number of ski resorts where children and adults can enjoy outdoor activities and walks. Therefore, we have compiled a selection of the TOP-5 destinations for the best winter holidays in Austria.

Vorarlberg boasts delicious food that partly varies from other Austrian dishes due to the influence of Alemannic cuisine.

The federal-state is known for its festivals and events. Don't miss the chance to visit some of them while being in Vorarlberg. These are the best ones:

Among the most popular Vorarlberg dishes and products are:

-Vorarlberger Bergkäse, a cheese with a hard structure that is usually made in low mountain ranges.

-Sura Kees, a low-fat cheese known from the 12th century that resembles the Tyrolean grey cheese that is usually served with oil, onions and vinegar.
-Öpfelküachle, an apple cake with a topping of cinnamon and sugar.
-Käsespätzle, noodles with cheese and onions.

CULTURE

Vorarlberg is considered one of the strongest economic regions in the European Union. The annual export volume per employed person is EUR 43,000 which places the federal state higher than Germany and Switzerland.

Among the key sectors of Vorarlberg's economy are computer sciences and IT, mechanical engineering, environment and energy technologies and the metal industry. The federal state's main export markets are Germany, Switzerland and Italy. About 54% of goods produced in the local economy are exported. Vorarlberg exports more goods than it imports.

Note: The federal state is also known for its effective tourist industry with Lech am Arlberg being the top Alpine destination.

Vorarlberg is home to the University of Applied Sciences (Fachhochschule Vorarlberg) which offers bachelor's and master's programmes in engineering, business and design, that are in TOP-35 universities in the country.

ECONOMICS

In the university, there are research centers in Microtechnology, user-centered technology, energy, process and product engineering, and much more.

The researchers work closely with the federal state and national companies, as well as international partners. You can read about other popular universities in Austria here.

Vorarlberg aims to meet all its energy needs from renewable energy by 2050. A non-profit organization Vorarlberg Energy Institute offers services to support sustainable energy systems and promotes sensible energy consumption.

The Austrian real estate market saw significant price increases in 2021 during the recovery from COVID-19, and values are expected to begin to stabilize in 2022.

Nevertheless, real estate in Vorarlberg is at a high level, in which only property in Vienna is more expensive. Although prices in the federal state have always been quite high, after the pandemic they began to rise significantly, especially in the areas of Bregenz and Dornbirn. Location is a key factor in calculating the price. For example, the best residential areas in the federal state's capital can be found in the city center or on the lake shores.

Good transport connectivity, well-maintained streets and access to shops also have an influence on prices.

If you are going to purchase a property in Vorarlberg, 1 sq.m. costs about EUR 9,761 which means that a 1-bedroom apartment with an area of 51 to 80 sq.m. will cost you a minimum of EUR 498,000. Bludenz offers more affordable prices at a cost of 1 sq.m. for EUR 3,160. Therefore, a house with an area of 150 sq.m. in Bludenz costs around EUR 474,000.

PROPERTY PRICES

The average rental price of a 1-bedroom apartment in Bregenz with an area of 50 sq.m. is EUR 913 per month.

Note: If you want to learn more about why it is profitable to invest in real estate in the state you can read our comparative article on the Pros and cons of real estate investments in Austria and Germany, with specifics of the real estate market for investors, visas and residence permits.

Vorarlberg provides its residents with perfect conditions for living and doing business.

Among the main benefits are:
- Strategic location in the center of Europe near to other strong economic regions.
- Advanced infrastructure and good transport connectivity to other Austrian federal states and foreign countries.
- Low energy prices and the development of renewable energy options.
- Business-friendly climate.
- Wide range of leisure opportunities, sights, ski resorts and numerous festivals.

The process of buying property in Austria can be quite complicated and confusing, especially if you have not invested in real estate in the country before and are not familiar with its legislation.

Luxury Immobile GmbH cooperates with many leading real estate developers in Austria and is ready to provide you with comprehensive support in finding and buying property in Vorarlberg or any other region.

WHY IS VORARLBERG AN IDEAL PLACE FOR MAKING AN INVESTMENT?

Our experts will provide you with the latest information on the state of the real estate market, as well as helping you determine the purpose (living or investment) and the type of purchase (residential/commercial).

We will take care of collecting all the necessary documents for the transaction, and if necessary, provide legal advice or open a bank account for you.

Our experts can also help you in matters such as assistance in obtaining credit from local banks, property management, finding properties for rent, registration, and legal support for businesses.

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Evgeny Pilnikov
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