The ECB to Cut Key Rate Six Times by End of 2025
A non-Austrian can get a fixed rate mortgage today from an Austrian bank to buy their preferred ski apartment at today’s price and then refinance next year when the rates are lower for a cost of 1% or less to cancel their agreement (less than 3,250 Euros on mortgage of 325,000).
There is a very short supply of Austrian ski property.
A lot of property developers made the mistake of building during a period of high inflation and projects were cancelled.
When interest rates fall, more buyers will come back into the market and prices could rise by up to 5%.
A 5% rise on 650,000 ski apartment is an increase of 32,500 Euros.
Please contact us today for more information on how you could take advantage of this Austrian consumer regulation which helps you to cancel your refinance for 1% or less.
