Buy Property in Austria: Complete Guide for EU Citizens

Legal requirements, costs, financing, and how to complete the entire process digitally. Updated for 2026.

Can EU Citizens Buy Property in Austria?

Yes. EU/EEA citizens have the same property purchase rights as Austrian nationals. No special permit is required. Non-EU citizens may face restrictions depending on the federal state (Grundverkehrsgesetz), but EU citizens can buy freely throughout Austria.

The only administrative requirement is identity verification (KYC) and, for financing, proof of income and creditworthiness with an Austrian or EU bank.

Costs at a Glance

Cost
Rate
On EUR 400,000
Transfer Tax (GrESt)
3.5%
EUR 14,000
Land Registry (Grundbuch)
1.1%
EUR 4,400
Notary Fees
0.5-1.5%
EUR 2,000-6,000
Broker Commission
Up to 3% + VAT
EUR 14,280
Filing Fee
~EUR 81
EUR 81
Total Additional Costs
~8-9%
EUR 34,761-38,761

The Buying Process — Step by Step

1

Property Search & AI Matching

Use Phazan's AI matching to find properties that fit your budget, preferences, and financial situation. The algorithm scores each property on 6 dimensions.

2

Make an Offer

Submit a digital offer with the AI negotiation coach suggesting an optimal price based on market data and comparable transactions.

3

Due Diligence

Automated checks: Grundbuch (land registry) status, energy certificate, building permits, zoning, any encumbrances or liens.

4

Purchase Contract

A Kaufvertrag (purchase contract) is drafted by a notary. In Austria, notarial certification is mandatory for property transfers.

5

Digital Signing (QES)

Sign the contract with a Qualified Electronic Signature via ID Austria, A-Trust, or the EU Digital Identity Wallet. Legally equivalent to a handwritten signature under eIDAS.

6

Escrow & Payment

The purchase price is deposited into a blockchain-secured escrow account. Funds are released only when all conditions are met.

7

Land Registry Entry

The notary files the ownership transfer with the district court via ERV (electronic legal communication). Ownership is complete upon Grundbuch entry.

Can I Buy Without Being Physically Present?

With Phazan, EU citizens can complete the entire process remotely. Identity verification via the EU Digital Identity Wallet, contract signing via QES, and escrow management are all digital. The only step that may require coordination is the notarial certification, which can be conducted via video conference under § 90a of the Austrian Notariatsordnung.

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