OFFPLAN NEWS

(27.06.2007 )
Property in Austria Economic hub in the heart of Europe: Austria

Again and again, the market’s stability, fiscal advantages and a very high degree of legal certainty have been held up as reasons for the popularity of Austria, and particularly Vienna, as an investment location. Furthermore, the gross acquisition yields of 6% to 7.5% are well in the midfield compared to the rest of Europe. After some difficult years, even the demand for commercial properties – especially offices, seems to be on the rise again. The upturn is demonstrated by the fact that take-up of office space reached 280,000 sq.m. last year, thus markedly exceeding the production of new floor space( approx. 220,000 sq.m.). Despite the fact that this has led to a fall in vacancy rates, Austrian developers are, nevertheless, cautious. The number of projects currently under construction or in the definite planning stage has fallen accordingly. Without pre-leasing rates of at least 30%, related investments are still being held back.

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»(27.06.2007 ) Property in Austria Economic hub in the heart of Europe: Austria
Again and again, the market’s stability, fiscal advantages and a very high degree of legal certainty have been held up as reasons for the popularity of Austria, and particularly Vienna, as an investment location.... » find out more

»(27.06.2007 ) Property in Austria Austrian Europolis Invests In Office Buildings
The Austrian real estate investment fund Europolis will invest 230 million euros in the purchase of two office building projects, according to a company statement, quoted by daily Ziarul Financiar. ... » find out more

»(27.06.2007 ) Property Austria Austria: Rental Yields
Rentals property in Austria yields are not high, at 4.4% gross for a 120 sq. m. apartment, though newly-built central Vienna lofts and penthouses can command slightly higher gross yields (up to 6%). ... » find out more

»(27.06.2007 ) Austria property Austria named Bulgaria’s biggest foreign investor
In this period, Austria real estate investment in the country reached three billion euro, InvestBulgaria head Stoyan Stalev said. ... » find out more

»(27.06.2007 ) Austrian properties The Austrian housing market has finally shown signs of life
The residential property in Austria price index for Vienna rose by 6.7% for the year, and that for Austria as a whole rose 4.8%. ... » find out more

»(27.06.2007 ) Austrian property Austrian chalets are top for value
Ski property Austria chalets are top for value Chalets in Austria are 30% better value than those of Switzerland says Savills, with increases of 211% recorded in Austria's first resort. ... » find out more

»(27.06.2007 ) Austrian real estate Billion-euro Austrian investment in Bavaria
MUNICH / BURGHAUSEN Good news for the state of Bavaria: Austrian properties OMV AG is going to invest close on euro 1.1 billion in Bavaria by the year 2010.... » find out more

»(27.06.2007 ) Austria real estate Austrian Business Investment Incentives
Austria offers a comprehensive system of both national and local incentive programs for land investment in Austria.... » find out more

»(27.06.2007 ) Real estate in Austria Buying Austrian Property
Austria has long been a popular choice for German and Italian second holiday homes Austria buyers, but is increasingly of interest to Brits due, in part, to its growing accessibility via low cost airlines.... » find out more

»(27.06.2007 ) Real estate Austria Austria Corporate Income Tax Regimes
Tax incentives still available under the Austrian property tax law include: ... » find out more