Due to Austria's booming real estate market, expats increasingly look for ways of getting on the country's property ladder. To do so successfully, it's crucial to know the types of property available in the country.
Austria, like any other European country, has a varied real estate market with properties that will suit any expat's needs. From city apartments to countryside chalets and ski resort homes, there is something for everyone.
According to Austrian law, there are two types of property - normal (complete) property and co-property which is also known as joint property. A normal property gives the buyer ownership of the house and land, but no permission for further building on the land. On a co-property, the owner can build rise further buildings, and is responsible for everything that is built on his land.
There are also distinctive property rights which are: