Nestled in the heart of Tirol, Austria, the charming village of Westendorf is steeped in rich history with several historical sites, including stately old farms and traditional Tirolean architecture. Surrounded by the majestic Kitzbühel Alps and the Windau Valley, Westendorf boasts of an impressive geographical location. The town's picturesque setting has given rise to a highly sought-after real estate market, largely catering to the luxury lifestyle segment.
Exclusive Property Market in Westendorf
Currently, the exclusive property market in Westendorf is stable with a balanced demand and supply of luxury homes and apartments. Known for its political and economic stability, Westendorf continues to attract affluent homebuyers seeking a unique blend of luxury, culture, and nature.
Costs of Buying a Luxury Home
When buying a luxury home in Westendorf, the average real estate commission paid by a buyer is approximately 3-4%. It is similar to the commission a seller pays. In addition to this, other costs to consider include the transfer tax of 3.5% on private property, notary fees, potential construction inspection costs, and legal costs.
Taxation
The wealth tax on private ownership of a house in Westendorf is relatively low, making it an attractive location for luxury home buyers. Profit from selling a primary residence is tax-free, while profit from selling a second/vacation home is subject to taxation. The income tax for registered residents is approximately 25-55%, and the corporate tax is 25%.
Mortgages in Westendorf
The general mortgage requirements in Westendorf requires a balance between personal and foreign capital. You can typically get a mortgage up to 60% of the purchase price.
Desirable Residential Areas
The most sought-after residential areas in Westendorf are in the scenic areas around the Choralpe.
Accessibility
Westendorf is easily accessible by road and rail. It is approximately 1 hour from Innsbruck, the nearest big city, and from Munich and Salzburg’s international airports.
Educational Institutions
Westendorf is near well-regarded institutions such as the University of Applied Sciences Kufstein and the Tirol Private University.
Westendorf’s Vibrancy
Located in the Province of Tirol, Westendorf has around 3,400 inhabitants. Its surroundings feature lush nature, quaint water bodies and varied landscapes.
Climate and Activities
Westendorf enjoys an alpine climate with activity-rich winters and pleasant summers. Summer activities include hiking and biking while winter activities mainly revolve around skiing.
Luxury Lifestyle Shops
Westendorf offers a range of luxury shopping experiences featuring top Austrian and international designers.
Culinary & Nightlife
Westendorf is home to fantastic gourmet restaurants and exclusive nightspots, perfectly complementing the luxurious lifestyle here.
Culture & Events
The town hosts several annual events. Notable cultural venues include the Tiroler Freilichtmuseum and the Museum of Tyrolean Farmhouses.
Healthcare & Infrastructure
Westendorf has a well-developed public infrastructure with nearby hospitals, such as the Brixental Health Centre. The quality amenities in Westendorf make it ideal for modern, luxurious living.
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