Buying property in Austria: the process step by step
From the first viewing to the land register entry, an Austrian purchase typically takes four to eight weeks. Here is how it works.
1. Search and viewings
Define your budget, get a financing frame pre-confirmed by a bank, view properties. We check location, condition, running costs and the building’s reserve fund for you.
2. Purchase offer (Kaufanbot)
The written offer is binding in Austria once the seller accepts it. It covers price, inventory, handover date and conditions such as a financing clause.
3. Contract and escrow
A notary or lawyer drafts the purchase contract and settles payment in escrow: the price sits on a trust account until all conditions are met.
4. Taxes and fees
Due are 3.5% transfer tax, 1.1% land register fee, contract costs of roughly 1–3%, plus broker commission of up to 3% (+VAT) where applicable.
5. Land register and handover
You become the legal owner with the land register entry. At handover we record meter readings, keys and the property’s condition.
How long does a purchase take?
Usually four to eight weeks from agreement to keys; the land register entry itself can take a few extra weeks depending on the court.
Is the offer binding?
Yes. Once the seller accepts the written offer, the deal is essentially concluded; withdrawal is only possible in legally defined cases.
Do I need a notary?
The contract is drafted by a notary or lawyer, and signatures must be notarised for the land register.