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Briefly yes. More approval checks to be done.
Approval Procedure for Third-Country-Citizens
If foreigners purchase a right to a property or an apartment, a mandatory approval is required. Citizens of an EU- or an EEA-member state are excluded from the approval and enjoy equal status as local citizens. The approval procedure only has to be done by third-country-citizens.
Since more detailed requirements for the acquisition of property by foreigners are provided in the Acquisition of Property by Foreigners Act of the individual provinces, only an overview of the procedure is given at this point.
You should directly contact the competent office for the acquisition of real estate where they can obtain all the information on province-specific terms and precise details ( e.g. deadlines). You can also learn whether the demand for approval should be submitted to this very office or rather to the competent municipal authorities (e.g. in Vorarlberg).
Requests are approved if the transaction is of cultural, social, or macroeconomic interest and no national interests are negatively affected.
- This reply was modified 3 years, 4 months ago by Michael Bailey. Reason: flippant remark pruned