Agree an Austrian mortgage today and refinance next year for 1%

The ECB to Cut Key Rate Six Times by End of 2025

https://www.bnnbloomberg.ca/investing/2024/08/12/ecb-to-cut-key-rate-six-times-by-end-of-2025-survey-shows/

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.

More tourists booked apartments in Tirol between November and March

7.1% more tourists booked their holiday in an apartment this Winter.

The number of tourists visiting Tirol increased by 7.6% between November and March.

Some other positive news: hotels are reporting strong bookings for the Summer season too.

76% of accommodation owners are satisfied with their Summer reservations.

Germany is still the number one country and the number of German tourists increased by 10.4% to 523,000 overnight stays.

There was a 7.1% increase in the number of bookings to stay in apartments versus hotels.

https://www.tt.com/artikel/30881185/24-4-millionen-naechtigungen-starkes-plus-fuer-den-tiroler-wintertourismus

Interest rates to fall from 4,5 to 2,15%

The ECB is expected to cut interest rates between June 2024 and Spring 2025 from 4,5 to 2,15%.

The intrest rates cuts are expected because inflation rates in the Euro area are currently moving towards the target of 2%.

Source article  https://immo-timeline.at/a/institute-ezb-wird-einlagenzins-bis-fruehjahr-2025-wohl-halbieren

Buy now before property prices rise in 2025

This is a good time to buy an Austrian property before property prices are expected to rise next year in 2025.

The Austrian Chamber of Commerie (WKÖ) predicts that prices will have to rise as there will be a shortage of supply.

Here is a link to the original article https://immo-timeline.at/a/keine-entspannung-an-der-preisfront-fuer-frei-finanzierte-neubauwohnungen

And below you can read an English translation.

Keine Entspannung an der Preisfront für frei finanzierte Neubauwohnungen _ ImmoFokus Timeline en

The Telegraph: “Why we should all be more Austrian about autumn”.

In the Tyrol, September is about embracing the last of the long days and drinking good wine

Autumn might be fast approaching, but that doesn’t mean it’s time to batten down the hatches and head indoors just yet – particularly not if you opt for a short break in Austria, where at this time of year everyone is up in the mountains hiking, mountain biking and, of course, foraging.

And there are myriad reasons to do just that. Austria does autumn colour extremely well (it’s not all pine forests in the Alps), and there are nuts, berries, herbs and, most prized of all at this time of year, mushrooms.

PDF 230919 Why Tyrol is the best Austrian state to visit this autumn

Tyrol in Austria is home to stunning natural landscapes that are well worth a visit, particularly in autumn CREDIT: Alamy Stock Photo

https://www.telegraph.co.uk/travel/destinations/europe/austria/why-tyrol-is-the-best-austrian-state-to-visit-this-autumn/

Easter site visits in Austrian Alps

Lots of snow will be falling in the Austrian Alps in the next 10 days so if you are skiing then why not get in contact to see some of our projects and completed apartments?

If you are a non-EU citizen then we can still help you to buy and get finance.  Here is a summary of our properties:

SKI-IN & OUT LOCATIONS

Kühtai: Austria’s highest ski village (2,020m). Prices start at 248,000EUR + 3% buyers’ fees for a studio apartment with stunning South-facing views. These apartments have been completed. Projected immediate return between 3.6% and 4.1%.

Kirchberg / Kitzbühel: ski-in is often possible within 150m of apartments. 2 top restaurants operated by Simon Taxacher, one of the best chefs in Austria. Prices from 329.000€.  Attractive return prospects: 3.7% to 4.9% (from the 3rd year of operation).

Hinterstoder: prices from €376.784. Non-EU nationals can buy as a natural person here.  Approximately 4% total capital return per annum rising to 7,5% over 20 years due to revenue based return model.

OTHER COMPLETED APARTMENTS

Galtür / Ischgl: 4 apartments left (two 2-bed and two 3-bed).  Average 4% return over 10 years.  Click for an example of a 3D tour

St Anton: 3 resale apartments from 799,000 with the option to handle the rental business yourself.

Ötztal: 1 apartment for resale for 559,000EUR (apartment and storage in basement) + 30,000EUR for 1 underground parking space Net. Buyer fees 3% of the gross sales price.

Off-market hotels: we have a growing portfolio of hotels which are for resale ranging in price from 1m to 20m. All enquiries are handled very discreetly.

COMING SOON

If you are interested in Seefeld / Leutasch and Berwang then contact us and we can share some information on apartments in these locations.

Helene Atterbury – Property Consultant +43 676 962 7712

[email protected] 

Kirchberg: a lower cost – but equally lively – alternative to Kitzbühel

Just round the corner from its more famous sister resort of Kitzbühel, the well-established yet still upcoming resort of Kirchberg is a good lower-cost alternative. Attracting couples and a younger more informal clientele, Kirchberg offers the same great ski area as Kitzbühel and an equally lively and cosmopolitan après ski scene.

property in kirchberg

Ski area
Skiing in Kirchberg offers access to one of the largest linked ski areas in Austria. Kirchberg’s principal ski area access points are the Fleckalmbahn and Maierlbahn gondolas, each based just a couple of ski-bus stops away from the centre of Kirchberg village and both serving the Ehrenbachhohe sector of the Kitzbühel-Kirchberg-Pass Thurn ski area.

Less experienced skiers can start off on the gentle slopes of Kirchberg’s own mountain, Gaisberg, where there is a small beginners’ area. While more experienced skiers can opt for the red and black ski pistes – equipped with floodlighting for night skiing. If you really want a challenge then you can try your hand at the world’s most difficult downhill run, The Hahnenkamm.

This entire area is also prime intermediate cruising territory, with a number of short black runs and a couple of ungroomed ‘ski routes’ to entertain more advanced visitors too.

The iconic Kitzbüheler Horn that pierces the horizon directly north-east of Kirchberg is another nearby ski area, of particular interest to freestyle enthusiasts as it houses a good snowpark; this separate area is accessed via a gondola based in the north-eastern suburb of Kitzbühel and is covered on the same area lift pass.

Other options from Kirchberg include the Ki-West gondola further along the Aschauer Valley to the south; this serves the Gampenkogel sector of the Westendorf ski area in the SkiWelt domain, home to one of the best snowparks in the region. Westendorf is linked via Brixen im Thale into the core SkiWelt circuit, but a more convenient access route is simply to take the short bus or train journey from Kirchberg directly to Brixen.

All ski-bus services, plus limited daytime train services between Kirchberg and Kitzbühel, are free-of-charge to area lift pass holders.

Off the slopes and apres ski
Kirchberg is a picturesque and lively village, with plenty of shops, cafes, restaurants and bars all within walking distance. But Kirchberg really comes to life in the evening. The après ski gets going from mid-afternoon onwards at slope-side mountain bars, such as Schneebar Oberkaser on the home-run from Maierl, and the popular ice-bars and pubs of the village after the lifts close.
In the village you can find everything from a laid-back cosy pub to disco-bars where dancing on tables is encouraged. Prime venues include the renowned London Pub, the Kuhstall and the Tiroler Disco.

Kristall Spaces will soon be offering property for sale in Kirchberg.