Record snowfall in Tyrol

Back in late January 2018, nobody thought that the Austrian snowfall of 100 cm in 48 hours could be topped but this year, the Avalanche Warning Service (Lawinenwarndienst Tirol) is talking about the best snow conditions since measurements began in 1937.

In some parts of Tyrol, where they usually expect 6 to 7 metres of snow each season, they already have 5 metres.  Take Fieberbrunn for example at 962m where 451cm of fresh snow fell in 15 days.

While some of the press and social media are dramatising the wintry conditions and reporting a near state of emergency, hotel and restaurant owners and the ski lift companies underline the importance of these conditions: they grew up with snow like this, they can easily cope and it’s how it should be!


Current snow depth report in key Austrian resorts compared to mid-February last year:

St Anton
2018: 140 cm Valley / 415 cm Mountain
2019: 95 cm Valley / 345 cm Mountain

Hochoetz  
2018: 40 cm Valley / 220 cm Mountain
2019: 290 cm Valley / 260 cm Mountain

Fieberbrunn  
2018: 100cm Valley / 200 cm Mountain
2019: 110 cm Valley / 220 cm Mountain

Sölden
2018: 20 cm Valley / 325 cm Mountain
2019: 108 cm Valley / 420 cm Mountain

Ischgl
2018: 100 cm Valley / 170 cm Mountain
2019: 70 cm Valley / 150 cm Mountain

As the snow falls and the number of tourists coming to the Austrian Tirol continues to grow by 6% per annum, new beds are provided by developers such as Kristall Spaces and local councils can continually enhance their offer for the visitors.  

Further investment in infrastructure such as the additional lifts and ski runs between Kühtai and Hochoetz (55 Million Euros), the connection between the Pitztal glacier and Sölden’s glaciers or even the new TUI hotel in Fieberbrunn demonstrates confidence in the Austrian ski industry which has not had a recession in the last 100 years: a real safe haven for property investors.  (Over the past 15 years, more than 6 Billion Euros have been invested in new ski lifts and in the development of ski resort connections).  

If you are interested to hear more about our ski properties in Tyrol and/or would like to arrange a site visit and meet with one of our consultants, please do not hesitate to contact us:

AT: +43 676 962 7712

NL: +31 6 48 92 32 43

UK: +44 20 3735 8790

Austria – 10 reasons why

Thanks to the Austrian tourist board for this great blog on why skiers (and property buyers) choose Austria.

What really stands out for us and our buyers about Austria are the following:

State of the art infrastructure: everything works in Austria and there is a real sense of balancing tradition, nature and modernity.   We have the latest lifts, top of the range snow-making facilities and meticulous planning which you don’t always see in neighbouring countries.  This is achieved through careful debate in the current Regional government of Tirol which consists of a coalition between the conservatives (ÖVP) and The Green party.  Together, they are able to reach careful consensus and sign off new ski lift ventures like the future Oetz / Kühtai lift connection and the forthcoming link between Sölden’s glaciers and the Pitztal glacier to make the world’s largest glacier ski area.

Value for money: Austrian ski property prices are 28% below other alpine countries but price growth is higher at 8% (source: Savills).  Day-to-day living expenses e.g. lunch on the mountain and skiing are cheaper compared to France and Switzerland.

Nobody takes skiing more seriously than the Austrians: skiing is to an Austrian what football is to the rest of us. Third generation ski instructors will teach you to ski and guide you down routes they have skied all their life.  And did you know that 73% of Austrians speak English compared with only 39% of French?

Austrian Gemütlichkeit & après-ski: in many Austrian ski resorts, the local families have not been priced out by wild boom (and bust) property prices and so you can expect to be welcomed and looked after by locals in cosy surroundings where the beer and sing-along music starts in the afternoon. And because the average price of a beer in Austria is 4 Euros versus 8 Euros in France – it won’t break the bank.

Read further here https://www.austria.info/uk/things-to-do/skiing-and-winter/10-reasons-to-ski-in-austria

Kristall Spaces voted Winner in Best Residential Development in Austria

5 September 2018: Kristall Spaces is delighted to announce that All-Suite Resort Ötztal has just been voted Winner in category of Best Residential Development in Austria at the International Property Awards 2018/19.

More information will follow at the Awards Ceremony in London on 25 October 2018 at the Royal Lancaster Hotel https://propertyawards.net/

 

Fieberbrunn tourism and investment on the rise

Encouraging news from the Fieberbrunn tourism office regarding visitor numbers this summer: up 7.3% so far this year thus outperforming the average rise of 5% across the whole Tirol region.  Good to remember that the winter season here posted an 8% increase in visitors too.

The summer season in Fieberbrunn is already well developed with 47% of all annual visits taking place outside the winter season and the tourist office has great plans to develop this business further in conjunction with Kitzbühel and Saalbach.

It’s thanks to these dual season visitor numbers that the All-Suite Resort Fieberbrunn will be able to deliver 180 days occupancy per annum which is 15% higher than the officially published average for Tirol being 156 days.

The Fieberbrunn lifts run right up 28 October with a break in November giving the lift company one month to prepare the winter opening on 1 December, a week earlier than previous seasons thanks to a 7 million Euro investment this summer to the snowmaking on the Streuböden ski area.  The Streuböden lake has been extended to capture more melt water and new high-capacity pumps and additional snow cannons will be able to recycle the water and cover the entire ski area in just 7 days in preparation for the opening of the winter season and busy Christmas and New Year holidays!

More welcome news is the forthcoming 15 million Euro investment in the Buchensteinwand ski area, famous for its iconic Jakobskreuz.  The Buchensteinwand ski area can be accessed from Hochfilzen and currently has 8 lifts, 22 km of runs and one of the biggest children’s ski areas in Tirol, the Bobo-Kinderpark.  The renowned Pletzer group will be developing the snowmaking systems and lifts and creating extra facilities to cater for winter and summer visitors.

Austria’s biggest skiable area: very soon, Fieberbrunn will also connect with Zell am See via Saalbach Hinterglemm and Viehofen creating 347km of interlinked skiing and overtaking the Arlberg as Austria’s biggest ski area.  The concrete foundations for the lift have already been laid and it’s anticipated the connecting lift will be installed in the coming year.

Key facts about All-Suite Resort Fieberbrunn:

  • 36 luxury freehold apartments: 1, 2, 3 and 4-bedroom with large balconies
  • Fully furnished with a choice of interior designs
  • Onsite bar / restaurant & spa (sauna, steam room), underground parking
  • Up to 8% return on capital invested when taking out a 55% mortgage or a guaranteed 4% return on net purchase price for first 5 years
  • 1 double bedroom apartment from € 225,000 Net Sales Price excl. parking
  • Snow-sure: highest snowfall in the whole of Tirol for the last 40 years
  • Thanks to its backcountry skiing, Fieberbrunn is a mecca for serious powder skiers and for this reason it is on the Freeride World Tour with the likes of Chamonix and Verbier
  • Completion date of Winter season 2019

All-Suite Resort Fieberbrunn apartments: this type of accommodation (commercially rented apartments) are the fastest growing category of accommodation in Austria – up a colossal 18% according to ORF http://tirol.orf.at/news/stories/2904521/

So, you can be reassured that you are buying into a well-thought-out business model.

E-bikes and the Summer tourism boom

Tirol is currently enjoying another record summer season with Mediterranean temperatures, clearer air with fewer particles and many fresh mountain lakes to cool off in.

The winter season visitor numbers increased again (6.6% increase in Oetz) and this summer is on track to be another record year with estimates suggesting a 5% increase in the Ötztal and even higher in the Arlberg – circa 10% in St Anton.

Music to our ears and our buyers who will profit from renting out their apartments to the growing number of visitors opting for commercially rented apartments – rising at 18% year on year.

One thing that is noticeable this year is the sheer number of tourists hiring out e-bikes even in the most traditional winter locations like Sölden (will receive nearly half a million visitors this summer) and St. Anton (our Mountain Spa Residences development is fully booked right now – 5 apartments left for sale).

Up here, mountain and hybrid e-bikes are main choices as riders of all ages and abilities can now take on the high altitude and steeper climbs thanks to powerful lithium batteries which help propel them to the top of the mountain without collapsing a lung.

The sense of achievement is terrific, and you can do the hard, uphill slog again and again or go further and make a full day out of it going from hut to hut.

Is it cheating? Not really when you consider the work-out is longer and the higher altitudes you can reach means the effective oxygen content drops from 21% to 14% increasing your cardiac output.

No wonder Austria now ranks third for e-bike market share behind the Netherlands and Belgium but in front of Switzerland, Germany and Denmark (source: VCÖ).  More Austrians now own an e-bike than a second car.

All-Suite Resorts will manage your rental

We are delighted to present our All-Suite Resorts brochure which contains information on how the operator manages and rents your apartment for you when you are not there.

A hassle-free management programme which delivers a profit for you.

All-Suite Resorts Broschüre

When you invest in an All-Suite Resort apartment, you don’t just acquire a high-quality property asset – you invest in a lifestyle. Our luxurious apartments provide unbeatable comfort in the most exclusive locations – with the amenities of a top hotel and all the warmth of a home. Better still, you’ll draw an income from the holiday rental of your apartment, and we’ll do all the legwork of managing that rental process for you.

As an owner of an All-Suite Resort apartment, you benefit from a special 15% discount at any other All-Suite Resort. This offer applies to each full-paying customer in your party for a minimum stay of 4-nights (subject to availability).

All-Suite Resorts (a subsidiary of the Kristall Group) is a professional team with long-standing experience of international hotel operation, sales & marketing and rental management. Our well-trained, on-site staff are here to ensure that every comfort is provided, to the highest standard.

Our holiday apartments provide a unique combination of stunning design, exclusive luxury and deep relaxation, giving you total privacy and freedom to enjoy your holiday, the way you choose. Our apartments are located in the finest locations in Austria and are designed to the highest quality and specification. Our team is on hand to make planning your individually-tailored holiday easy and to offer a wide range of special services to fulfill your every wish.

PURCHASING

When you buy an apartment for commercial purposes (renting to tourists when you are not there), you are entitled to reclaim the 20% VAT included in the sales price. The prerequisite is that you are able to show a profit from renting over a 20-year period.

HOW RENTING WORKS

Current Tyrolean law states that apartments zoned as tourism residences must not remain empty during the winter and summer tourist seasons and should be let to regularly rotating guests when the owners are not in residence. That’s why All-Suite Resorts was established as the operating company – dealing with the ongoing rental so you don’t have to.

We strive to make you the maximum possible profit through careful occupancy management (i.e. letting to the highest possible number of guests in the most expensive / high demand holiday weeks). The net income from letting your apartment goes into the rental pool (after deduction of the operator’s commission, OTA and credit card payment fees).

At the end of each quarter, the accounts are reconciled, distributing the profits proportionately to the owners based on the price of their apartment in the overall resort and availability of their apartment to rental customers. 14 days later, payment is made to you.

Ancillary services and income such as cleaning, running the shop / restaurant, spa and personal booking by owners are not included in the rental pool calculations.

PERSONAL USAGE

You’ll also have the opportunity to book your own apartment through the All-Suite Resorts booking system. In order to guarantee availability, please notify the booking system of your intended dates of stay at least four months in advance. In the event of short-term notice of a desired personal booking, we will make every effort to accommodate your wishes.

For the period of personal booking, the accrued costs for laundry, cleaning, resort tax, utility services, etc. will be invoiced to you by All-Suite Resorts. For personal booking, a notional admin fee of €150 per stay is charged.

During this period of personal usage, the owner is excluded from the rental pool and thereby draws no share in the distribution of rental income.

During your stay, your personally allocated parking space(s) will be reserved for you and your party.

MAINTENANCE

As a commercially rented apartment, both maintenance and upkeep are guaranteed by All-Suite Resorts. All operating and maintenance costs are prescribed to the apartment owners. Cleaning and maintenance is undertaken by our teams in order to ensure a professional and uniform standard throughout the resort.

In all our apartments, interior design and furnishing are to the highest standards of quality, specification and taste – individually tailored to the various design themes we offer.

LIVING ROOM
Includes large dining table and chairs, sofa, TV, cosy rugs, stylish curtains, cushions, fireplace and much more…

BEDROOMS
Spacious bedrooms with comfortable beds, large fitted cupboards and a safe. Curtains and furnishings are of the highest quality.

BATHROOMS
Available with either shower or large bathtub. Included are hair dryer, high-quality stone tiling on walls and floor, luxury taps and fittings.

BALCONY AND GARDEN
Splendid views are a top priority for us – as is your comfort and convenience. Balconies are cleared of snow and equipped with outdoor furniture. The garden areas are maintained by our own gardeners.

KITCHEN
Fully-equipped kitchens designed and installed to the highest expectation. Included are dishwasher, cooker, fridge / freezer, toaster, kettle, coffee machine, pots and pans, crockery, cutlery, kitchen knives, glasses for water and wine and much, much more.

EAT | MEET

Spontaneous and relaxed

Our stylish, relaxed restaurant blends good food with a spontaneous and friendly living-room atmosphere. If you prefer to cater for yourself, our shop has everything you will need to buy for your stay without having to leave the resort. You’ll also find exclusive regional products, either for your own personal enjoyment or to take home as souvenirs.
If you don’t feel like cooking, no problem. You can have breakfast here or lunch, snacks and homemade cakes in the afternoon.

Complete relaxation

Above all, our resorts are custom-designed for your comfort and relaxation. You can unwind in a variety of quiet areas or recharge and detox in one of our many saunas and steam rooms. A number of our properties boast luxurious spas and swimming pools – with both indoor and outdoor pools and sunbathing lawns. All apartments have hand towels, bathing and sauna towels at your disposal, so that’s one less thing to think about.

FROM THE MOMENT YOU ARRIVE

Fluffy hand-towels and a full refrigerator are are standing by with a welcome pack for breakfast or a tasty meal.

You can choose from a wide range of possibilities: simply tell us your wishes and we’ll fulfil them. That way, your holidays begin the way you want them to. From the moment you arrive.

FINAL CLEANING
obligatory, from € 100

INTERIM CLEANING
with fresh laundry supplies, from € 100

ADDITIONAL SERVICES
Bed linen (obligatory)
Baby bed including bed linen
High chair

ADDITIONAL HOTEL SERVICES

Basic Cleaning Kit includes Dishwasher tablets / Washing-up liquid / Dish towels / Waste disposal bags

Welcome basket
Standard basket includes salt, pepper, coffee, tea, sugar, oil and vinegar € 25

Stocked refrigerator
Available subject to prior arrangement – minimum 7 days before arrival.

 

Property in the Ötztal, the valley of superlatives

There is no disputing that the Ötztal is one of the most renowned and favourite regions for skiers and all-round winter sports, however, this idyllic and longest valley in Tyrol (65 km) also attracts large numbers of visitors during the summer.  With 45% coming in summer, Oetz is almost as busy as the winter and areas like Sölden and Obergurg welcome just over 2 million visitors every year, of which half a million come in the summer.  So why do they call it the valley of superlatives?  

The Ötztal has the second highest mountain in Austria, the Wildspitze (3.768 m), the highest glacier area in the Eastern alps, the highest parish Obergurgl/Hochgurgl (2.150m) not to mention the Stuibenfall, the highest waterfall and the Piburger See, one of the warmest mountain lakes in Tyrol! 

 Click image to enlarge.

Here, anyone (young and old) can find extensive possibilities to explore the unspoiled high mountain regions or the mystical deep gorges plus enjoy the famous Tyrolean cuisine.

The Ötztal valley, shaped by glaciers and being a first-class hiking region, has a lot more to offer than challenging mountain tours and idyllic family hikes.  One of many highlights is the Area 47 by Oetz, which will be open to action sports enthusiasts daily from 27th of April.  Rafting, canyoning, cave tours, indoor motorsports, one of the highest rope courses as well as a water arena with extreme water activities like wakeboarding, blobbing and a outdoor ski ramp into water leave no wishes unfulfilled.  More fun and thrills are guaranteed when rafting in the wild waters of Haiming, Oetz or Sautens.

 Click image to enlarge.

For those who prefer a more relaxed approach and like to immerse themselves into culture and the high alpine history of Tyrol, we recommend the archaeological open-air park “Ötzi-Dorf”. Let yourself be taken back 5.000 years into the Neolithic period of the famous Ötzi Iceman.  Visitors can experience the lives of hunting and and farming during that time first hand.  Next to the Ötzi-Dorf and situated on a 5.000 m2 area at the foot of the Stuibenfall, there is the birds of prey park.   The spectacular flying demonstrations of various raptors and birds of prey really makes for a unique and unforgettable experience.  In addition, one can learn more about Tyrolean falconry.

Worth a visit: between 18.04. and 21.10.2018, visitors can admire the lit waterfall (Stuibenfall) at night between 20:30 and midnight from observation platforms in Niederthai and Umhausen.

On rainy days, one can seek out the Aqua-Dome Thermal Spa in Längenfeld to unwind and totally relax in various open air pools (e.g. the river basin or sport pool) surrounded by views of the mountains.  Then there is “Noah’s Ark of the Alps” which guarantees endless fun for children.

More opportunities and activities await when one heads towards Sölden, Zwieselstein, Obergurgl and Vent.

Sölden offers a 700 km bike freeride and downhill paradise.  The Bike Republic Sölden provides the ultimate adrenaline kick for all mountain bike enthusiasts.  Shaped lines, nature trails, enduro trails and pump tracks attract bikers off all ages and levels. 

Wetter days can be spent at the “Freizeitarena” in Sölden.  Facilities include a swimming pool, a sauna, a gym and several tennis courts.

In Zwieselstein there are many wonderful walks, for example through the dramatic “Kühtrainschlucht” to Sölden or up to the “Brunnenberg” to the “Lenzenalm” and last but not least, and especially for those with a sweet tooth, the cosy 300 year-old “Sahnestüberl” (cream parlour) with it’s reputation for the best cakes.

Definitely worthwhile is also a trip to Italy from the convenient starting point in Zwieselstein.  The Timmelsjoch-Hochalpenstrasse takes travellers from Obergurgl to the pretty spa town Meran within one and a half hours, and takes in some of the best views in Südtirol. 

Highly promising is also the high alpine panoramic trail from the Tiefenbachferner (glacier) from an altitude of 2.800m to the village of Vent.  Hikers climb above 900m in altitude with spectacular views of the Ötztaler and Stubaier Alps.

An absolute must for every mountaineer and anybody staying in Zwieselstein is the 3.100 m local peak known as the Nederkogl (3.163m).  The hike does not require any ropes nor a guide but it still represents an exciting challenge and offers unbeatable views.  Extremely popular among the locals, it  takes between 3 and 4 hours from the Lenzenalm and takes you past the crystal clear Nedersee.  From Zwieselstein to the Lenzenalm, the walk takes about an hour.  Good boots, spare clothing and sure-footedness are essential.  It is recommended to start early in the morning to avoid the hot midday sun and perhaps be able to admire the sunrise from over the mountain tops!  The whistling of the marmots accompanies on the way and once in a while you even catch a glimpse of them and then higher golden eagles and chamois are not uncommon as well as wonderful flora, including alpine roses, gentian and edelweiss.  Once you reach the summit, depending on temperature and wind speeds, there is time to relax and enjoy the view into the Ötztal valley and over to the Tiefenbachferner (glacier) and of course sign the visitor book.  During the descent, it’s tradition to stop at the Lenzenalm for a “Brettljausen” of Speck, cheese, homemade bread as well as an ice-cold Austrian beer.

 Click image to enlarge.

In Zwieselstein, the road forks into the Venter and Gurgl valleys, each on it’s own worth visiting for different reasons: Vent as a quiet and charming insider tip and Gurgl as the internationally known resorts of Obergurgl and Hochgurgl.

In Obergurgl-Hochgurgl, der Diamant der Alpen, the choice for walkers and climbers seems infinite with an astounding 21 glacier-topped mountain peaks higher than 3000 metres … but not to worry if this seems a little daunting as viewpoints like  “Top Mountain Star” (3.080 m) or the “Hohe Mut Alm” (2.670 m) can also be reached via cable car.

The true, rustic Tyrolean village character lies in Vent, where highly recommended is a family trip to the “Rofenhöfen” where one crosses a long suspension bridge with views down the “Rofenschlucht” gorge.

Those who want to be on top of the world, should try paragliding or tandem flying in Sölden starting from the “Mittelstation” on the “Gaislachkogelbahn”.  Further up, you get to the prestigious “Ice Cube” Restaurant where you can indulge in culinary highlights à la James Bond.

New this Summer (July 2018) will be the 007 Elements James Bond theme park, a cinematic installation, which will give exciting insights into the making of the films.

To plan as many activities at different venues as possible we recommend the great deal of the Ötztal Card which saves you money, time and hassle.  The Ötztal card can be purchased for 3, 7 or 10 days and helps you organise various local activities in a stress-free and cost-effective way.  They included free public transport offers and connections to most venues.

In 2018, Kristall Spaces will be building property for sale in Obergurgl and Sölden.  There are still 3 apartment left for sale. 

100cm of fresh snow in 48 hours

After one of the snowiest Januarys on record in the Alps with ski resorts in Tirol seeing 100cm of snow falling in just 48 hours, the outlook for February and the busiest skiing weeks of the year looks excellent.

Thanks to the snow storms of January which left road and rail access to St Anton, Ischgl and Kühtai cut off, there is a superb base in the ski resorts in Tirol.

The Lawinenwarndienst Tirol (Avalanche Warning Service for Tirol) cannot recall snowfall like this since 1999 and despite some blue skies in recent days, temperatures have dropped and there will be more wintry weather to come.

Current snow depth report in key Austrian resorts:

St Anton  140 / 415 cm
Hochoetz  40 / 220 cm
Fieberbrunn  100 / 200 cm
Sölden  20 / 325 cm
Ischgl  100 / 170 cm

Clearing snow in the Ötztal:

Bellevue Best Property Agents 2018

Kristall Spaces has been awarded the Bellevue magazine Best Property Agents 2018 seal of approval.  Only a select group of international real estate agents are awarded this title.

Branson Atterbury, Marketing Director at Kristall Spaces AG commented: “We had a compelling proposition for the Bellevue panel of judges.  We are the developer, agent and operator and thus provide a rare, end-to-end service: construction, marketing in German, Dutch and English, legal and financial advice to buyers and maintenance and a rental service on behalf of owners. Our key personnel are court sworn experts for the Bundesministerium für Justiz in planning, construction, engineering and property consultancy.”

It is this end-to-end proposition that allows us to understand all parts of the value chain and makes us even more effective at advising customers on acquiring their dream lifestyle investment.

Kristall Spaces AG has a current pipeline of developments worth in excess of €100m and an impressive portfolio of projects including:

  • All-Suite Resort Fieberbrunn (Skicircus Saalbach Hinterglemm Leogang / Kitzbühel Alps) All-Suite Resort Karwendel
  • All-Suite Residence Kühtai
  • Silva Peak Residences, Ischgl
  • All-Suite Resort Paznaun, Ischgl
  • All-Suite Resort Ötztal
  • Residenzen Gasthof Zwieselstein, Sölden
  • Mountain Spa Residences, St Anton
  • Mountain Lake Resort, Zell am See
  • Residenz Zwieselstein, Sölden
  • Residenz Sölden

Buying new build property in Austria

Austria is already the first choice for affordable ski properties, higher rental yields and authentic hospitality when compared to France and Switzerland but how does one decide on the type of property to buy: new-build or resale?

Here are some options to consider:

New-build or off-plan property in Austria normally comes with a higher price tag per m² and will further increase in value as soon as you take ownership.  Typically, we see a 4 to 5% annual growth on our ski apartments and this can be higher in some locations in Tirol thanks to scarcity restrictions to avoid the “cold beds” trends found in France and Switzerland.  According to the UBS Alpine Property Focus 2017, St Anton delivers best growth in the Alps at 8.2%.

So, you might have to increase your budget for a new-build but here’s a few reasons why it’s worthwhile.

New developments present an opportunity to buy into the project early increasing your chances of securing one of the best units at the lowest price and improving capital appreciation.  Note that developers can increase their prices year-on-year and as the project gains interest demand starts to rise.

Importantly, smart new build projects are carefully chosen by a developer for their location and access to ski lifts / pistes and restaurants and can command a rental premium over resale properties.

New property buyers aren’t in a chain and there is less reliance on the current owner / vendor which means less chance of the sale falling through.

Buying off-plan offers attractive payment schemes which don’t exist with resale properties: you pay for your apartment in stages.  The trustee will notify you in good time when each stage payment is due so you have time to prepare the transfer of funds – no need to transfer all at once.  This can be particularly advantageous when using a currency service.

There is also flexibility when dealing with the developer over factors such as parking spaces and choice of furniture packs and when there is joint ownership of the operating company for your apartments, it is possible for the developer to guarantee rental returns for a period during the operating agreement e.g. guaranteed 4% return on net purchase price for first 5 years.

When you buy off-plan in Austria, you get a certain amount of control over the interior of the apartment.  There is range of interior themes and styles to choose from and because you are dealing with the developer it is possible to make minor changes to the floor plans in the early stages of the project.

All new properties built in Austria use state-of-the-art, energy efficient methods and materials that you will simply not find in resale buildings.  Greener energy solutions, more efficient heating systems and some of the highest recycling standards in Europe not only reduce your carbon footprint but lower bills.

All Kristall Spaces’ developments use automatic central heating systems with air or water sourced heat pumps.  Energy is also captured from the spa and bathrooms areas to generate warmth in the underfloor heating systems via heat exchangers and our ventilation systems use the same heat recovery principles to pump fresh air into the apartments at the correct room temperature.  All this results in monthly heating cost savings for owners when compared to oil or gas and delivers a greener, more sustainable solution.

New properties in prime Austrian ski resort locations that come with a rental obligation when owners are not staying there themselves are exempt from VAT.  You can save a whopping 20% on the sales price when you opt for one of these apartments.

New properties come with building guarantees.  For example, we negotiate with tradesmen and suppliers for the following:

  • 10 years for the roof covering
  • 5 years for the mechanical systems (heating, electrics, lifts)
  • 5 years for the remaining works including the shell of the building
  • 2 years for electrical goods

Furthermore, Austrian Building Law allows for a 30-year Statute of Limitations for all hidden defects.

Please see our generic FAQ about buying and owning property in Austria or why not Contact us for advice on your Austrian property search.