Property in Austria
In January 2011, Knight Frank opened a new office in Vienna in partnership with Otto Immobilien. The privately owned practice, established more than 50 years ago, covers core commercial and residential services across Austria.
Traditionally a family business, Otto Immobilien is now one of the few independent property companies in Austria. Dr. Eugen Otto and over 50 commercial and residential real estate experts provide comprehensive advice predicated on partnership and mutual trust.
While Austria can seem attractive with favourable tax laws, restrictions are in place for foreigners wishing to purchase a second home. Knight Frank and Otto Immobilien are expertly placed to help in all property matters relating to the sale, purchase, rental, letting and management of commercial and residential property in Austria.