EXPLAINED: The rules for buying property in Graz as a foreigner
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Loading... - Doris Wolf
- 14 Sep 2022
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Graz is Austria’s second largest city (after the capital, Vienna) and attracts people from all over the world to live and work.
But what about buying property as a foreigner in Graz? What are the rules?
Here’s what you need to know before jumping into the property market in the Styrian capital city.
Who is classed as a foreigner in Austria?
Foreign nationals are defined by the Austrian Federal Government as those that do not have Austrian citizenship.
However, when it comes to buying property, there are varying rules for different foreigners, mostly depending on whether someone is from an EU country or not (rather than whether they have an Austrian passport).
Property buying rules for EU and EEA citizens in Austria
In Austria, it’s relatively easy for citizens from EU and EEA countries and Switzerland to buy property as a foreigner.
This is because these citizens are granted the same rights as Austrian nationals under EU law.
So this means whether you are an EU citizen already living in Graz as a resident, or you simply want to purchase an investment property in the city, it is possible.
Austrian rules for third country nationals
In Austria, the term ‘third country nationals’ refers to anyone who is not from an EU member state, an EEA (European Economic Area) country (Iceland, Liechtenstein and Norway) or Switzerland.
For this group it usually becomes more difficult to buy a home in Austria – even for permanent residents – due to strict property buying rules. Read More...
