Image: VOLKER WEIHBOLD
The situation on the real estate market is currently difficult. Prices have taken a hit at a high level and demand is falling. “The real estate industry is in transition,” said real estate trustee Christian Jukl: “Very high-priced properties are in high demand if the location is right. What is missing is demand from medium-sized businesses.” Potential interested parties are unsettled and financing is difficult due to interest rates and stricter rules.
There is hardly any fluctuation on the rental market, said Alexandra Petermann, board director of the non-profit WSG: “In difficult times, people stay where they are.” Rent-to-own apartments are interesting.
More on the subject:
- Prevention cannot start too early
- “Life partners are not entitled to inherit”
- The optimal protection for your own future
Anyone who decides to buy has to consider a few things: Notary Roland Gintenreiter emphasized the need for a utility value report. Buyers should inquire in advance about any encumbrances on real estate: “Not all loans are in the land register.” Neue-Heimat managing director Martin Steiner advised clarifying in advance how high the reserves are with which a condominium association wants to finance future renovations. In the case of a rental agreement, the rent should not exceed one third of the monthly disposable income.
Gintenreiter and tax advisor Bernhard Ditachmair referred to the real estate income tax (ImmoEst), which is levied on the sale of properties and about which visitors had many questions: If the property was purchased before March 31, 2002, 4.2 percent of the proceeds will be due if not reallocated became. For properties purchased after this, the tax rate is 30 percent of the profit. There is a tax exemption for primary residences.
more from OÖN Real Estate Day
