What are the purchase costs in Austria?
Purchase costs for buying a property in Austria work out about 6.6% of the gross purchase price. You will be required to pay the notary fees after the contract of sale has been signed. Fees are calculated as follows:
- Purchase Tax ‘Stamp Duty’ – 3.5% of the gross price
- Registration in the Land Registry – 1.1% of gross price
- Notary’s fees – between 1.5 and 2% of gross price
- Court costs, administration fees – approx. 150 euros