Our management company recently met with the owners of one of our recently sold-out developments in Sölden as a regular update on how they are maintaining the property and marketing their investments to Winter and Summer guests.
There was some impressive feedback from customers about the returns from their investment.
A 2-bedroom apartment owner is currently earning a 14% return.
He put down a 50% cash payment and took out a 50% mortgage; he pays a 20% fee to the rental company plus service charges of 3€ per month per square metre.
But the property is currently delivering circa 4% capital growth and an income revenue of 20,075€ per annum.
A 1-bedroom apartment owner in the same development is getting 10.29% return.
Customer testimonials:
“My husband and I purchased an apartment in the Residenz Zwieselstein, off plan, meaning before it had even been built. It was a foreign experience to us in more ways than one, but the constant communication, updates, photos and news, all the way through the construction period, meant we had 100% confidence in our investment. Gradually the dream of owning our ski property became a reality. We paid for our property in the standard stage payments when you are buying new builds in Austria. Again this allowed us to feel relaxed that we weren’t paying for any work until it was completed. It’s a really logical system that gave us piece of mind.”
“We’d been looking to invest in something in Austria for a while, but nothing suitable had come up, and we had our hearts set on Solden, as we’ve skied there for years. When we heard about a new development going up near the centre, we got in touch with the developer straight away. The rental returns were attractive, but we were more interested in private use. It has turned out that the rental income we are getting has completely exceeded our expectations and is a complete bonus to getting to use the apartment for our occasional family holidays.”
“I only ski once a year so I was mostly looking for something to rent out. Pegasus, the rental operator has been amazing. I’m very busy and do not live in Austria, and I basically bought a property that I don’t have to do anything about – everything is taken care of, and then I receive my rental income. It’s pretty much the most straightforward, low maintenance investment I have ever made.”
