Three fundamental principles of real estate investment have remained unchanged for centuries - location, location and once again location.
The location superiority of the city of Vienna, Austria are
- Vienna has been rated the best city in the world for quality of life for 10 years in a row by Mercer, world's largest Human Resources consulting firm.
- Austria is one of the strongest economies with over EUR 50,000 per capita GDP and highly protected property ownership rights.
- City of Vienna is an attractive rental market with headquarters of major international organizations (United Nations) and multinational corporations (Raiffeisen Bank) as well as a popular tourist destination with over 20 million visitors per year.
- New real estate construction is highly regulated, the ownership of the real estate by non-European Union residents is restricted - all contributing to steady appreciation of the real estate prices.
Real estate price appreciation: Austria and Vienna
Investment stability
Appreciation of the real estate prices in Austria, with Vienna outperforming the market, has been driven mainly by the local investment. Limited foreign investment results in price stability and no market bubbles. Another important issue to consider when purchasing real estate in Europe are taxes as well as purchase and sale fees. Austria does not impose any property taxes and transactional expenses are less than 9% of the property value (including real estate agent and legal fees). Additional advantage of the Austrian real estate investment is the availability of the quality professional property management services.
Advantages of investing with Das Kapital
Das Kapital offers a very unique opportunity for investors outside of the European Union to invest in rental income generating real estate in the city of Vienna, Austria. As an added benefit, this investment also provides a direct ownership of European Limited Liability Company with a bank account with a quality financial institution. Moreover, the entire investment process can be completed only in one brief visit to Vienna.