Nestled between the Wilder Kaiser and Hartkaiser mountains, Ellmau is an idyllic haven in the Tyrolean Alps in Austria, known for picturesque landscapes and rich cultural heritage. The village exudes a sense of traditional charm, originating from its establishment in the 13th century. Historically important sites, such as the Pfarrkirche St. Michael, are an emblem of the region's past. The geographical allure of Ellmau, edged by panoramic Alpine vistas, has made it a coveted location for luxury real estates.
The Exclusive Property Market in Ellmau
The exclusive property market in Ellmau is currently strong and stable, with demand meeting supply. Luxury homes and apartments in picturesque locations are routinely invested in by domestic and international buyers. Given the robust political and economic stability in Ellmau, investors enjoy reliable returns.
Cost and Tax Considerations
When purchasing a luxury home in Ellmau, certain additional costs like transfer tax, realtor commissions, notary fees, and possible construction inspection or legal costs should be accounted for. The average real estate commission for both sellers and buyers is about 3%. The rate of transfer tax for private property stands at 3.5% while the wealth tax depends on federal regulations with slight variation by provinces. For profit gained from selling privately owned residences, taxation differs based on whether the property served as a main or a second home. Ellmau applies a corporate tax of 25% on profits for registered companies, and the income tax percentage varies per income bracket under Austrian tax law.
Mortgage and Financing
The primary mortgage requirements involve a healthy ratio between own and foreign capital and meeting income needs. Usually, up to 60% of the purchase price can be financed through mortgages in Ellmau.
Desirable Locations and Accessibility
The most sought-after residential areas for luxury properties include areas around Hartkaiser or near GolfWelt Wilder Kaiser. Ellmau offers excellent accessibility by road and rail with Innsbruck and Salzburg being the nearest cities. Innsbruck Kranebitten Airport and Salzburg Airport are the closest for both national and international flights.
Education And Facilities
There are many renowned schools nearby, such as Volksschule Ellmau and Landesberufsschule Kufstein. The University of Innsbruck, with its diverse programs, is also within reach.
The Ellmau Experience
Ellmau, a part of Tyrol province, houses roughly 2,770 residents. The region is renowned for its scenic landscapes characterized by the Wilder Kaiser Mountains, lush Alpine meadows, and the clear Ellmauer Tor. The climate is moderately continental with distinct seasons.
Outdoor Activities and Luxury Lifestyle Shops
Ellmau offers a range of sports and activities like skiing, hiking, golfing, and more. Shoppers can browse luxury outlets like the Stanglwirt-Shop or the Lecher Shop.
Culture, Health and Infrastructure
Ellmau plays host to cultural events like the annual Ellmauer Dorffest. For art lovers, Gallerie Kaiser are worth visiting. Healthcare facilities like Krankenhaus St. Johann, and well-structured public infrastructure are also available. For nightlife and entertainment, Treff 2000 Ellmau and Jimmy’s Bar are top choices.
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