Buying Real Estate in Kitzbühel
Intro
Kitzbühel is the most expensive real estate region in Austria due to its exceptional quality of life and beautiful natural surroundings. Known for its annual Hahnenkamm ski races and Kitzbühl Open tennis tournament, the town of 8,500 offers residents year-round hiking and golfing opportunities, a historic old town, and easy access to nearby airports in Munich, Salzburg, and Innsbruck. The spectacular panoramic view of the surrounding mountains and nature is also a major draw for those who live or vacation there.
Kitzbühel Real Estate Market
The real estate market in Kitzbühel and neighboring villages is booming, with prices consistently rising due to high demand and limited supply. Properties in the area, mostly chalets and luxury chalet-style apartments, are sought after by buyers from Austria, Germany, the Netherlands, Switzerland, Belgium, Italy, and England, making Kitzbühel comparable to Swiss luxury ski resorts like St. Moritz, Davos, and Zermatt. The Kitzbühel region offers a larger selection of high-end properties than other Alpine regions, with prices ranging up to luxury chalets in the mid 8-digit range. The area also has the infrastructure and professionals needed to support luxury real estate transactions, including developers, lawyers, and local brokers who are familiar with the area.
Real Estate Prices in Kitzbühel
Kitzbühel's real estate prices have nearly doubled in the last 7-8 years, with prices in prime locations increasing even more:
Building plots in good locations can cost €6,000 per square meter and up to €10,000 per square meter for top locations.
Apartments range from €10,000 to €25,000 per square meter,
Chalets can cost around €30,000 to €35,000 per square meter. These high-end properties often come fully equipped with Italian designer furniture, high-quality materials, and amenities such as spa areas, pools, and garages. The prices for chalets start at around €5-6 million and can go up to tens of millions for larger properties.
Even properties that need refurbishment can fetch high prices, with prices up to €28,000 per square meter being reported.
Locations in and around Kitzbühel
The high real estate prices mentioned in Kitzbühel can also be found in neighboring towns such as Aurach, Jochberg, Going, Kirchberg, Oberndorf, Reith and St. Johann. These towns are in close proximity to Kitzbühel and offer similar price levels and locations. Reith is particularly popular as it is within walking distance and has similar prices to Kitzbühel. Other towns such as Aurach, Kirchberg and Jochberg have similar prices, while Oberndorf and St. Johann are slightly cheaper but farther away. Going is 20 minutes away by car and known for the Stanglwirt. As the demand for property in the region is high, prices are unlikely to decrease in the near future.
Interested?
There are over 150 real estate companies in the Kitzbühel region, many of which are real estate agents and brokers. We can assist you in your search by serving as a central contact person and working with numerous local brokers to find suitable properties and organize viewings in Kitzbühel and other nearby locations.
As a foreign buyer, every real estate transaction must be approved by the authorities, and in Tyrol they closely examine if the buyer meets all requirements. One of these requirements is a dedication as a secondary residence if the property will not be used as a primary residence for more than 180 days a year. We can also advise you on legal issues in cooperation with our lawyers.
Special Tip: Webinar
For more details and an in-depth analysis about real estate in Kitzbühel and other Austrian locations visit one of our webinars!
