Do you want to take out a loan for an apartment or chalet in Austria? If you want the purchase to go smoothly, it is important to consider a number of things. We list them for you!

Borrowing from an Austrian bank

Dutch banks do not provide loans for the purchase of Austrian real estate. However, you can take out a mortgage with a bank in Austria. The bank determines the value of the property. Financing of 60 percent of the net purchase amount is usually easy to obtain.

It is advisable to be assisted before the purchase by a mortgage or real estate expert who has extensive knowledge of financing options in Austria. These people prepare the file thoroughly, can negotiate better and sometimes obtain more favorable rates than if you do it yourself. Moreover, you can be sure that everything is correctly arranged with the seller and the bank and that there will be no surprises afterwards.

Getting a mortgage through a project developer

Do you want to buy a property in a new construction project in Austria? Then you can usually take out a mortgage through the project developer, often at favorable terms. But it certainly can’t hurt to check their proposal. It’s better to be safe than sorry!

Borrowing from a business or private?

Many entrepreneurs who want to buy a house or apartment in Austria want to do so from their company. However, this is not always the best solution fiscally, especially in the case of a first purchase in Austria. Again, the tip: get good advice from an expert . He/she can tell you whether it is better to buy the property privately or as a business.