Second homes for international buyers in the Zell am See region - legal framework and benefits

1. Attractiveness of the Zell am See Region

The Zell am See region is renowned for its breathtaking scenery and diverse recreational opportunities. Lake Zell, surrounded by majestic mountains, offers numerous activities such as golfing, swimming, sailing, and hiking. In winter, the surrounding mountains transform into first-class ski resorts. This unique combination of nature and leisure activities makes Zell am See an ideal location for a second home.

2. Benefits of a Second Home in the Zell am See Region

A second home in Zell am See offers international buyers the chance to enjoy natural beauty, cultural heritage, and year-round recreational opportunities. Second homes in the Zell am See region are generally scarce. Here are the key points:

3. Legal Framework

When purchasing a second home in the Zell am See region, certain legal frameworks must be observed:

• EU Nationals and Residents: EU citizens and citizens of the European Economic Area (EEA) are considered equivalent to local residents in terms of property law. This means that the restrictions of real estate transactions do not apply to them. If a local, EU or EEA citizen, or a corresponding legal entity wishes to acquire a second home, the necessary certificate for second home designation is obtained by the contract drafter from the municipality where the property is located. This certificate is a prerequisite for the registration of the legal transaction in the land register. There are no further restrictions in this case.

• ​Non-EU Nationals: For non-EU nationals (third-country nationals), such as Swiss or Americans, stricter regulations apply. The acquisition of a property to establish a second home in the province of Salzburg requires approval. The Real Estate Transaction Authority can only grant approval if the property is located in a designated second home area and no Austrian or local legal entity is willing and able to acquire the property under the same conditions (right of entry).
  
  These legal frameworks ensure a clear and secure structure for the acquisition of second homes in the Zell am See region, which is particularly important for international buyers.
  
  

4. Tax Advantages

Purchasing a second home can also offer tax benefits. Austrian tax laws provide attractive conditions for foreign owners, making an investment worthwhile. For example, there is no inheritance or gift tax in Austria. For more information on this topic, please see our informative link.

5. Real Estate Market

Market Overview

The real estate market in the Zell am See region is characterised by high demand and limited supply. This dynamic ensures stable prices and secure investment opportunities. The region offers a variety of property types, including luxurious apartments, traditional chalets, and modern new buildings, which are particularly sought after.

Price Development
Real estate prices in Zell am See have steadily increased in recent years. This increase reflects the growing popularity of the region. Properties with lake views or near ski resorts, in particular, show high price increases.

Investment Opportunities
International buyers appreciate the combination of nature, recreational opportunities, and legal security. The limited availability of second homes and the lack of new designations increase the value of existing properties.

For detailed information on current market trends and price developments, please visit the Zell am See / Salzburg property prices on the Engel & Völkers website.

6. Cultural Integration

Community Involvement
International buyers have numerous opportunities to integrate into the local culture of the Zell am See region. Language courses and cultural events offer excellent opportunities to make contacts and develop a sense of belonging.

Social Events
Local festivals and markets are ideal meeting places to get to know locals and experience Austrian culture up close. Activities such as community hiking or skiing promote integration and a sense of community.

Cultural Activities
Zell am See offers a wide range of cultural activities, from traditional music and theatre performances to art galleries and museums. These events provide deep insights into the cultural heritage and promote understanding and appreciation of local traditions.

Support from Local Organisations
Various organisations and initiatives support new residents and help them find their way in the region. This support facilitates the transition and helps international buyers feel at home quickly.

Networks and Communities
The formation of networks and communities, consisting of international and local residents, creates an environment where new residents can exchange ideas and support each other. These networks promote cultural exchange and integration into society.

7. Local Services and Infrastructure

Zell am See offers excellent infrastructure with first-class healthcare and education facilities, as well as diverse shopping opportunities. These factors contribute to the high quality of life in the region.

Healthcare
Zell am See has a well-developed healthcare system with top-notch hospitals and specialised clinics. Numerous general practitioners and specialists provide comprehensive medical care.

Educational Institutions
The region offers a variety of educational institutions, from kindergartens to primary and secondary schools, to vocational schools and continuing education opportunities. International schools and bilingual programmes support the needs of international families.

Shopping Opportunities
Zell am See has numerous shopping opportunities, from supermarkets and specialist shops to exclusive boutiques. Weekly markets offer fresh, local products and contribute to the high quality of life.

Transport Connections
The region is well connected to the public transport network, with regular train and bus connections. Proximity to international airports in Salzburg and Munich facilitates travel for international buyers.
Recreational and Sports Facilities
The diverse recreational and sports facilities in Zell am See offer year-round activities. In addition to the famous ski resorts and Lake Zell, there are numerous hiking and biking trails, golf courses, and wellness options.

Gastronomy and Hospitality
A wide range of restaurants and hotels offers culinary experiences from traditional Austrian cuisine to international gourmet cuisine. Luxury hotels and charming guesthouses ensure a pleasant stay.

8. Case Studies and Experiences

Experiences of international buyers show that acquiring a second home in the Zell am See region is often considered very rewarding. Daily practice shows that international buyers are quite willing to pay relatively high purchase prices for second homes in the Zell am See region. This is primarily due to the legal certainty and the (actual and legal) fact that second homes are generally not replicable and no new designations of second home areas are currently expected. This scarcity greatly influences the value of such properties and makes them very attractive.

These real examples provide potential buyers with valuable insights and show that a second home in Zell am See is a solid and valuable investment. Buyers appreciate the combination of legal security and the unique opportunities that the Zell am See region offers.

9. Tips for Buying

Buying a second home in the Zell am See region can be complex. Here are some practical tips for international buyers to ease the process:

• Early Consultation: Due to the complex legal situation in the province of Salzburg, early contact with a qualified legal expert is recommended. The law firm Dr. Kainz specialises in this field and can help you overcome legal hurdles and make the acquisition secure and efficient.

• ​Local Real Estate Agents: Use the expertise of local real estate agents who know the market and can help you find the perfect property.
  Financing Options: Find out about various financing options and get advice from experts to obtain the best conditions.

By working with experienced professionals such as the law firm

Dr. Kainz

, you can ensure that your buying process runs smoothly and all legal aspects are covered.