When you want to travel throughout the European Union, you have plenty of choices for superb cities and sites chock-full of history, culture, and fine cuisine. Unfortunately, visiting the Coliseum in Rome or the Eiffel Tower in Paris means that you have to stand in line with countless other tourists and deal with unpleasant tourism officials. There’s good news, however, for anyone thirsting for an authentic European holiday: the alpine nation of Austria has redoubled its efforts to appeal to tourists and create an extraordinary vacation.

Structural Funds

The European Union allots structural funds to all member nations for growth and commerce throughout the continent, but not all nations spend these funds in the same manner. When it comes to Austria, much of that grant money goes towards tourism infrastructure, and not just in the major cities like Vienna and Graz but in outlying regions and border areas. With these funds in place, development of tourist facilities like investment properties become easier, faster, and more productive upon completion. As such, the smart tourists aren’t just visiting Austria — they’re investing in it but purchasing these investment properties for their own gain.

Regional Support

Some nations set up roadblocks for entrepreneurs to leap over on the way to financial gain. When it comes to those who want to set up their own business in Austria, however, the way is not only open but ample support networks help to facilitate the construction and maintenance of a start-up business. Entrepreneurs like property investors can utilise the Regional Business Support Database to find out more information about the area they’re choosing to put their money into, a sixty-thousand Euro computer tool that helps to determine areas of productivity, risk, and reward in existing Austrian enterprises. Then, you need only apply for EU funding in order to get any necessary capital required to get an investment opportunity up and off the ground, ready and able to profit from the steady stream of tourists coming to Austria to do everything from take in the symphony to ski down the slopes.

Zell am See Development update: we’re pleased to see the wooden facades, glass balconies and balustrades finished.

The external scaffolding is down.  Another official building stage reached!

Meanwhile, another Galtür (Ischgl) apartment has been sold and 8 are under consideration.

All our Kühtai properties are under consideration.

News on other brand new developments and properties for sale in Austria coming soon.

Good progress continues internally and to the exterior on these beautiful properties for sale in Austria Zell am See.

The locally sourced wood cladding is being fitted to the facades and the granite slab flooring is in place.

On the interiors: all flooring, bedroom furniture, doors, kitchen fittings and the final coat of paint is being applied.

The bathrooms are tiled and the WCs, basins and shower / bathroom fittings are being installed.

Galtür / Ischgl apartments: very good levels of interest.  4 of the 18 apartments have now been sold with a further 6 under close consideration with prospective buyers.

Kühtai apartments: currently have interest on all the units.

Other locations:  very soon we will be in a position to announce further Austrian real estate investment opportunities, so please don’t hesitate to get in touch and enquire about these new developments.

The focus on the Olympic games reminded the nation and the world of the joy of skiing. Whether it’s cross-country or downhill or freestyle, few activities lead to a life-time love affair quite like skiing. Brits who want to turn their hobby into a money-making operation can consider investment properties in Austria by purchasing rental units for the millions of skiers who take to the Austrian alps each year. Austria has enjoyed significant growth in their recreation sector, having climbed to the second-highest market share in global skiing expenditures with nearly 25 percent of the market world-wide. With a supply shortage for new units, there’s a consistent and strong demand by tourists as well as native Austrians for ski rental units on their next vacation. Furthermore, the Austrian economy has vastly outperformed its European-Union cousins and neighbours, having grown steadily while other ski-hardy nations like Italy have seen their finances shrink.

More than anything else, however, the driving factor for any British interest in an overseas investment is the favourable exchange rate. With 1.2 Euros to the pound sterling, as of the last 7 years there has never been a better return on spending for Austrian rentals. The rate by which Brits win out is especially large in comparison to foreign investors, since the pound is cruising in comparison to the flat American dollar or Japanese yen. Since these are non-resident homes, furthermore, British citizens will not be taxed as Austrian homeowners. Indeed, there’s even an annual 1% VAT rebate for all Austrian spending. With each unit fully furnished and managed on-site, it’s not necessary to have to jet from the UK to Austria since each property can be controlled remotely.

British financial advisors have been pushing for more and more purchases overseas. MGM’s UK office has noted that the market for Alps ski rentals has increase substantially in only a single year, with more than half the units in popular areas having been sold. This is partially a reflection on the guaranteed rental yields, but also an indication of how Britons have chosen to place their finances into tangible investments like foreign real estate instead of on-paper investment plans. Buyers interested in flexible purchases for Austrian units can choose the size, location, and scope of their property in order to take on an investment that fits their needs and budgets.