Conditions / Real Estate FAQs

 

When buying, selling, exchanging or renting a property, other expenses have to be considered in addition to the purchase price. These include incidental expenses and the commission for the real estate agent.

In the following, we will explain to you which expenses you should calculate with when buying a property in Austria.

What additional costs arise when buying a property in Austria?

The amount of additional costs depends on the type and purchase price of the property. On average, the incidental costs amount to a maximum of ten percent of the property purchase price.

The incidental costs for the buyer were made up:

  • 3.5 percent land transfer tax on the purchase price
  • 1.5 percent fee for registration in the land register at the district court
  • Lawyers' fees for the establishment of the contract and the land registry
  • Procedural costs and administrative charges for basic trade procedures
  • Commission for the real estate agent

If the property is financed by a loan, the costs for the fees and land registry entry are added.

How high is the broker's commission for buying, selling and exchanging a property?

The commission is the real estate agent's remuneration for his brokerage services. The amount of the commission depends on the type and character of the real estate.

For the purchase, sale or exchange of real estate, commissions of:

  • 3 percent of the sales price if the purchase price exceeds Euro 36,336.43
  • 4 percent of the sales price for a purchase price of less than Euro 36,336.42
  • 6 percent of the sales price for castles, palaces and monasteries
  • 5 percent of the sales price for corporate real estate

The commission is paid by both the buyer and the seller. The value added tax valid at that time is added to the commission.

What additional costs arise when renting or leasing a property?

Residential properties are generally free of charge. For premises used for other purposes (for example: business premises), fees are charged depending on the duration of the contract.

  • 1 per cent up to a maximum of 18 times the annual value of the gross rent (including value added tax) due for the term of the contract
  • 1 percent of three times the annual value of the gross rent (including VAT) payable for an indefinite contract period
  • Contract establishment costs

In addition to these listed additional costs, there is the commission for the real estate agent.

How high is the broker's commission for renting and leasing a property?

For the letting of a property, commissions are charged in the amount of:

  • One to two gross monthly rents (net rent plus operating costs without VAT)

The commission is paid by both the tenant and the landlord. The exact amount depends on the duration of the contract.

 

You can find further information on service charges under

Overview of service charges Purchase | Sale of a property and information on the brokerage agreement -> Download

Overview of service charges rent | lease | building lease and information on the brokerage agreement -> Download

You can gain an insight into the general terms and conditions for KITZIMMO at

General Terms and Conditions KITZIMMO -> Download