Property buying guide for Austria
Article 3 of 6
Overseas property

Mortgages in Austria

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Austria offers some of the most favourable mortgage terms in Europe. However, it bears noting that loans are not universally accessible to foreign citizens as many federal states have established restrictions with respect to foreign buyers.

Maximum LTV ratio(newly-built property) 50-60%
Maximum LTV ratio(existing property) 40-50%
Minimum and maximumloan amounts
Fixed rates 2-3.5% p.a.
Minimum age of borrower
Maximum age of borrowerby the end of the loan term 70-75
Maximum percentageof monthly income for mortgage 35%


To obtain a mortgage loan in Austria, you need to submit the following documents to the bank:

  • passport
  • signed property sale agreement (or signed offer to purchase)
  • proof of salary (for employees) or proof of company income (for business owners)
  • other proofs of solvency (e.g., contract for the sale of valuable property or savings account statements).

It is important to bear in mind that a bank statement by itself doesn´t prove the legal origin of funds, and Austrian banks may request additional documents to clear up any relevant questions.

All foreign-language documents must be translated into German at a professional translation agency and notarised.

Loan applications usually take 2-3 weeks for approval.

Additional costs

Non-recurring mortgage costs in Austria typically amount to 1.5-2% of the loan amount. There are also additional insurance payments of about 0.1% per year.

Property appraisal and Due Diligence (not applicable to newly-built real estate) From €200 for a small flatto €2,000 for a villa
Compulsory property insurance From 0.1% per annum
Mortgage arrangement fee 1-2% of the loan amount
Indirect notary certification costs(may be defrayed by the bank) From EUR 50 to EUR 1,000(if the mortgage deed is registeredas a notarial act)
The fee paid to the trust managerin charge of recording the propertyin the Land Register 0.6% of the mortgage value
Early repayment penalty(not applicable to "flexible"agreements with floating rates) 0.5-1% of the remaining debt amount

Local real estate agencies, financial brokers and advisors can assist clients with obtaining a mortgage in Austria. Intermediary services cost up to 2% (+VAT) of the mortgage loan amount or up to 5% (+VAT), depending on whether the middleman is the realtor you buy the property from.

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    Property buying guide for Austria
    Article 3 of 6
    Tranio’s managers offer advice on buying real estate in Austria
    Marina Filichkina
    Marina Filichkina
    Head of Sales Tranio Thailand, Europe
    +44 17 4822 0039
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