Dossenweg Apartments Sell Post-Downturn

Many of the 120 condominiums there were difficult to sell for a long time. So far 105 have been sold. And there are already interested parties for the remaining 15 apartments, says Stephan Gröger from Heimat Österreich.

The sale a year ago was initially very slow. They were slow sellers because of the sales rules imposed by the city of Salzburg. Instead of a personal contact, there was only an online registration including a lottery decision, says Gröger.

Non-residents are now also eligible to buy

But the situation has changed, the manager emphasizes: “Anyone who buys an apartment wants good advice and people who can be interviewed. Previously, only city residents were allowed to buy something, and people from Grödig, for example, were excluded. The fact that this has changed has massively increased interest.”

The 15 apartments still available in the settlement belong to the so-called building rights apartments. These are sold for “only” 99 years and are therefore cheaper. Gröger is confident that all apartments can be sold by the time the first residents move in in July.

Selling under construction law is significantly cheaper

Apartments with building rights have a purchase price of around 5,300 euros per square meter. For the “normal” condominiums in the settlement it is 6,200 euros per square meter, says Gröger. Because of the housing subsidies, both are significantly cheaper than privately financed apartments from private developers in this area.

Buyers must meet the Salzburg housing subsidy criteria. For example, you must not have too high an income. The funding amounts to an average of around 50,000 euros for a three-room apartment.

Some returnees from Innergebirg

So far, the buyers have been “a diverse mix,” says Gröger: “We have many from the city of Salzburg, but also from neighboring communities. But we also have cases where there is someone from Lungau or Pinzgau who went there for work but has now come back.”