Vienna is Smart-City No.1!

Boyd Cohen, the US-american climatologist, investigated all studies concerning sustainability and environmentally friendly innovations and technologies and generated a ranking of the "smartest" cities worldwide - Vienna is No.1 in this ranking!

This shows again, that Vienna is a top-location for real estate investment!

Marschall Real Estate - Your partner for real estate property in Vienna and international!

Taxes of real estate property change in Austria

In the course of the budget tightening package in 2012 there are planned some important changes of the taxation of private property sale, which come into force by the 1st of April this year.

From that day the capital gain (the difference between pruchase price and sales price) shall be assessed with 25%.

If the property is owned for more than 10 years, there is an inflationary compensation of 2% per year, which can reduce the capital gain by half.

Main places of residence and self-builded buildings can be sold without paying tax as always.

For property, which was purchased before the 1st of April in 2002 and which was not converted, there is a taxation of 3,5%; in the case of conversion it's 15%.

Further there are planned some changes concerning the pre-tax deduction of building projects and the pre-tax repayment.

The consequences ot these measures for the property market (if they become law) remain to be seen.

Because of the great demand for private real estate investment and the present focus on capital protection, I don't expect big effects on the property market in the short-time.

Marschall Real Estate gives you advice on real estate investment in Vienna and international!

Real Estate Ball 2012!

Following the motto "Vienna welcomes St. Petersburg" national and international top players enjoyed an imperial evening in the Hofburg Vienna.

It was a pleasure for us to welcome our friendly colleagues Karin and Walter Gornik from Kitzbühel in our loge.

© epmedia

Highlight of the evening was the live performance of "INFINITY Electric String Quartet".

© epmedia

www.immobilienball.at

New "Campus WU" revalues the 2nd district

In 2013/2014 the Vienna University of Economics and Business (WU) will move from its current location to the new "Campus WU" in the 2nd district of Vienna.

There's a growing demand for offices around the huge area of 100.000 square meters even now, and it will grow even more after completion.

The prices for apartments and offices in the Karmeliterviertel will increase, and also the nearby Stuwerviertel will change favourably.

Also in 2013 the building project "Campus Lodge" of IG Immobilien, which will offer 136 apartments for rent, should be finished.

The new "Campus WU" is a positive example for revaluing a district and for attracting new social classes.