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FAQs for Austria

Buyer's FAQs for Austria

What are the staged payments when buying a off-plan ski property in Austria?

When considering the purchase of an off-plan ski property in Austria, buyers encounter structured payment plans that correspond to key milestones in the construction process. These staged payments are designed to ensure a synchronized financial progression that aligns with the development stages of the property. There are two fixed payment plans:

Rate plan A

  • 15% at start of building works
  • 35% on completion of the shell and roof
  • 20% on completion of plumbing and electrical installations?
  • 12% on completion of the facade & windows
  • 12% on completion of the property
  • 4% on hand over of keys
  • 2% after three years?

Rate plan B

  • 10% at start of building works
  • 30% on completion of the shell and roof
  • 20% on completion of plumbing and electrical installations ?
  • 12% on completion of the facade & windows
  • 17% on completion of the property
  • 9% on hand over of keys
  • 2% after three years?

In both Rate Plan A and Rate Plan B, the payments are channelled into an escrow account. This account ensures that funds are securely held until construction milestones are verified by a lawyer, after which they can be released to the seller. These staged payment plans offer buyers a structured and secure approach to purchasing off-plan properties, aligning financial commitments with the property's developmental progress.

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