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Rise in Rents Expected
Politics ♦
Published: February 11, 2012; 18:11 ♦ (Vindobona)
The abandoned speculation term on Austrian real estate could lead to a sudden increase in rents.
Rise in Rents Expected / Picture: © Vindobona.org
The real estate tax is a part of the new austerity package, which abolish the speculation term of ten years. Up to now, after ten years, gains on real estate are tax-free. In future, sellers of Austrian real estate have to pay 25% on gains. Experts consider that a massive increase in rents is probable. Even a crash in the Austrian real estate market is not excluded.
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