Austrian real estate as an investment
Vorsorgewohnung, tenement house or cash-flow commercial: which strategy fits your capital — calculated soberly.
Why Austrian property
Stable legal framework, growing urban regions and inflation protection via indexed rents. In return, moderate yields — property here is wealth preservation plus cash flow, not speculation.
Vorsorgewohnung
New-build buy-to-let with VAT recovery: 20% back given long-term letting intent. Typically 2.5–4% gross yield in Vienna plus appreciation.
Tenement house (Zinshaus)
Viennese old-build with multiple units: substance value and development upside, but mind the tenancy act with regulated reference rents. For experienced investors with a 10+ year horizon.
Cash-flow commercial
Offices, logistics, convenience retail: 5–7% yields and longer leases, against higher vacancy risk and more management. Our commercial desk vets tenant covenant and location.
Investor taxes
Rental income is income-taxed, building depreciation 1.5% p.a., and sales gains face 30% ImmoESt. We model private vs GmbH structures with tax advisors.
Selected investment project · Romania
Light industrial park with its own energy plant — Brașov
Brașov is one of the most cost-efficient manufacturing locations in the EU. On 68,000 m² of land, five halls with around 17,000 m² of usable space are being built, divisible from about 1,000 m² — for mid-sized production, assembly and logistics businesses.
- Site area
- approx. 68,000 m²
- Usable space
- approx. 17,000 m² in 5 halls
- Units
- from approx. 1,000 m²
- Energy
- 3.7 MWp photovoltaics + 4 MWh battery storage, approx. 4.2 million kWh per year
- Structure
- share deal, anchor tenant in place
The park supplies its tenants with electricity from its own energy plant on the neighbouring site — on terms below the grid tariff; surpluses are sold. Added to that is a service offering for incoming companies: facility management, accounting, back office and logistics, particularly for companies from outside the EU entering the market. The project is being developed by an industrial developer with over 2 billion € in investment volume and more than 40 international site projects since 2006.
Qualified investors receive the full investment memorandum after signing a confidentiality agreement.
Request memorandumContact: Anton Iakovlev, Commercial & Industrial Real Estate
What yield is realistic?
Vienna residential 2.5–4% gross, good commercial 5–7%. Promised 8%+ in Austria is almost always a red flag.
How much equity do I need?
Banks usually require 30–40% plus costs for investor loans; rental income is only partially counted.
Can foreigners invest?
EU citizens without restriction; third-country nationals need state-level approval. Hurdles for commercial assets are often lower than for apartments.