Buying real estate in Vienna as a German citizen: why it's a worthwhile investment
Should I or shouldn't I? Buying a flat in Vienna as a German citizen – is that really a wise decision? In fact, there is little to argue against it, but a lot in favour of it. Read more about the legal aspects you need to consider when buying property as a foreigner. Find out why it pays to buy real estate property in Vienna and which districts are particularly good places to live.
Why buy real estate in Vienna?
Not only is it extremely easy for Germans to buy real estate property in Vienna, it is also a pretty good idea. If you are considering whether or not to buy, you should be aware of these three arguments in favour of purchasing a house or an apartment in Vienna:
1. Stable real estate market
Vienna is considered a safe real estate location with stable prices and high demand. The city is growing continuously, and high-quality apartments in good areas are sought after. Those who invest long-term can expect solid appreciation. We are happy to inform you about current real estate trends, price developments, and forecasts so that you can make well-founded purchasing decisions.
2. High quality of life
Whether magnificent historic buildings, cozy cafés, or green recreational areas—Vienna offers an outstanding quality of life. At the same time, Vienna is also becoming increasingly important as an international hub and scores with excellent public transport, a safe environment, and a good work-life balance. It's not just the Viennese who are convinced of the first-class quality of life. The city on the Danube regularly lands in top spots in international comparisons as well!
3. Attractive returns for investors
Many German citizens choose an apartment in Vienna as a capital investment. Due to the high demand for rental properties in popular districts, stable rental income can be achieved. New construction projects by the water are particularly in demand, such as those on the Old Danube in Floridsdorf (21st district) and Donaustadt (22nd district). The latter is currently recording the strongest increase in achievable rents and is now among the top 3 most expensive rental locations in Vienna. The areas around the UNO-City are considered particularly lucrative. They impress with excellent infrastructure, an international environment, and short distances.
Tipp Since the locations themselves can vary greatly even within a single district in terms of target audience and achievable rents, we recommend relying on local expertise when selecting the right property. It pays off! |
Buying real estate in austria - but do it right!
The good news first: From a legal perspective, German citizens can buy real estate in Vienna without any problems. The same access to the Austrian real estate market applies to all members of the European Union. There are no special restrictions or additional permits.
As a German citizen, do you want to buy an apartment in Vienna?
Here are the legal details you should be aware of:
- Purchase agreement & notary: In Austria, it is customary to have the purchase agreement notarized.
- Land register & registration: Entry into the Land Register (Grundbuch) secures your ownership.
- ancillary costs: Ancillary purchase costs include the Real Estate Transfer Tax (3.5% of the purchase price), the Land Register entry fee (1.1%), as well as notary and broker fees.
- Financing: German banks generally do not finance properties in Austria, so financing should be arranged through an Austrian bank.
While the purchase process is clearly regulated and relatively simple, renting out property—especially older buildings (Altbauten)—requires a good understanding of the complex Austrian tenancy law. If you miscalculate the rent here, you can quickly be disappointed. However, newly built apartments are significantly less complicated: they are subject to free rent (not regulated), are low-maintenance long-term, and thus offer a reliable basis for planning and returns.
A Win-Vienna Situation
Buying an apartment in Vienna is legally straightforward for German citizens and offers many advantages. Whether as an investment property or a personal home, Vienna impresses with a stable real estate market, high demand, and one of the best qualities of life worldwide. Those who think long-term secure a value-stable property with high potential by owning an apartment in the Austrian capital.
The only question that remains is: Are you ready for Vienna? You can browse the most beautiful apartments in Vienna here in advance!
