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Buying a house

Real estate manager 3%+20% tax of the purchase price (pp) i.e. the immobilien fee is 3% and then there is 20% mwst (equivalent to VAT)

*land registry 1% of the purchase price

*notary 3% of the purchase price

*ground tax 3,5% of purchase price

purchase total costs = 10,5%

Some of this is negotiable dependant on the Notary etc. There may be a small fee for a translation of the contract.

Mortgages are interesting too. We are going out again next week to talk about them but potentially the rate is 4,875 to 5,25%, possibly with capped rate or variable.

Normally you need 30-40% deposit of the total costs.

We have also been told of a mortgage of 100% but you pay something like 20% as a 'reserve' which the bank hold against the property, but they then give you 3% interest on that 20% lump !!

In Austria no foreigner gets a credit of 100% of the project cost Offer is dependent on your financial standing.

We're providing a credit check from one of the credit search fims in the UK

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