Salzburg Property Market and Real Estate Guide

(Salzburg, Austria)

View over SalzburgThe relaxation of strict limitations on foreign buyers in Austria has opened new opportunities to expats looking to set up home in Salzburg. While the old city centre features some of the country's most expensive property, the outer districts surrounding the city present affordable options.

For many, the main draw to buying property in this cultured city is not only easy access to the capital's renowned tourist sites, but also to the surrounding alpine terrain where world class skiing abounds. These draws attract visitors year-round, making purchasing property in Salzburg a safe investment.

Salzburg property prices sit favourably in comparison to French alpine housing, at almost half the cost. It is possible to make good returns on Salzburg property investments by renting to holiday makers. Studio apartments are among the cheapest properties to buy in this city, while there is ample choice in the rental sector.

For expats, the World Heritage Altstadt (Old Town) is perhaps the most attractive part of the city in which to reside, yet property here fetches a premium, as in the elite southern district of Aigen. More affordable property can be found to the north of the Old Town, near the main train station.

Renting Serviced Apartments

Salzburg serviced apartments present a convenient option for expat businessmen and long-stay tourists. Most of the city's serviced apartments are located within proximity to the Old Town, the airport and the main train station. Additionally, outside of the city are dozens of ski apartments.

Serviced apartment rentals often entail a deposit, which is returned to the tenant upon termination of the rental period. The limited paperwork and low property maintenance involved make them a popular choice among expats in Salzburg. Luxury apartments go for about twice the price of studio apartments, with centrally located property falling in the highest price bracket.

Scenic view down the river in Salzburg

Buying Apartments and Houses

It is possible for expats to obtain mortgages in Austria, but a substantial deposit of up to 40 per cent is usually required - a prerequisite that cuts many potential buyers out of the market. Those with the financial backing typically buy properties outside the city centre, often in the surrounding ski districts, where holiday rental return potential is excellent. However, many expats working in the city prefer to buy in the outer city suburbs, from where it is easy to commute. Here, away from the premium property prices of the Old Town, are lots of affordable detached homes and modern apartments.

Expat buyers are advised to use a local property agent when making a purchase. Most agents have English speaking staff and charge a fee. In addition, you need to allow for up to 10 per cent of the property price for land registry and legal fees.

Real Estate Agents

It is recommended that expats use the services of a professional estate agent when renting long term or purchasing property in Salzburg. Real estate agents in the city typically have English speaking staff that can provide everything from listings to legal advice, marketing and property evaluation.

Check out the following recommended Salzburg real estate agents and realtors:

Alpreal Real Estate
Address: De Biestermannen 22, 5591, NH Heeze, Netherlands
Tel: +43 664 9411147
With real estate all over Salzburgerland on its books, Alpreal has property experts on hand who will be able to help you find the perfect Salzburg residence.

Gastro Immobilien Hadlich
Address: Brucker Bundesstrasse 49a, A-5700, Zell am See, Austria
Tel: +43 6542 55040
Salzburg's leading estate agent is equipped with specialists to advise you on the Salzburg property market.

Engle and Volkers
Address: Hellbrunner Str. 18, 5081, Anif, Salzburg, Austria
Tel: +43 6246 751 04 00
Listing all kinds of property in Salzburg City and the surrounding area, Engle and Volkers is an expert in residential property rentals and sales.