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What are the purchase costs when buying a property in Austria?

Purchase costs for buying a property in Austria work out about 6.6% of the gross purchase price. The purchaser will be required to pay the notary fees after the contract of sale has been signed.

Fees are calculated as follows:
  • Purchase Tax ‘Stamp Duty’ – 3.5% of the gross price
  • Registration in the Land Registry – 1.1% of gross price
  • Notary’s fees – between 1.5 and 2% of gross price
  • Court costs, administration fees – approx. 150 euros