Why Austria Is Attractive to Business & Property Buyers

Positive news for second home buyers considering Austria as a destination to buy property. The regions economy is on the road to real recovery whilst the Austrain capital has become a hub for the business conference community

The Austrian economy powered on during the first quarter of 2011 and, in line with Germany, grew at 1% putting the UK recovery to shame. Indeed, the Austrian economy is now inextricably linked to that of Germany’s.

With a robust economy and year-round rental potential Austria is an increasingly attractive destination for investors seeking stable growth and excellent rental returns.
Giles Gale, Managing Director Mark Warner Property.

Summer in the Austrian Alps is a truly exhilarating experience. The warm alpine lakes provide a stunning back-drop for sailing and windsurfing while the country also boasts some of Europe’s most scenic golf courses.

Mark Warner Property are offering lake view apartments and penthouses in the lake-side town of Zell am See from only EUR 199,000. Zell am See is one of those rare destinations where you can ski year round on the mighty Kitzsteinhorn glacier in the morning and be swimming in the crystal clear waters of LakeZell in the afternoon.

More at www.markwarnerproperty.com

As a member of the EU, buying property in Austria is highly regulated and very straight forward – although rules vary slightly from province to province.

Austrias popularity as a destination for business was confirmed with the recent annoucement from The International Congress and Convention Association (ICCA)

154 international summits took place in the Austrian capital Vienna in 2010. This figure helped the city to stay on top of the ICCA’s global ranking. Vienna was tied for first place with Paris, France, in 2009 as both cities hosted 139 such events.

Vienna’s tourism industry experienced benefitted in 2010 thanks to the 18th International AIDS Conference. Around 25,000 medical experts, politicians and journalists travelled to the Austrian city to attend the five-day event in July.