Nestled in the enchanting Tiroler Zugspitz Arena in the Austrian state of Tyrol, Ehrwald is a picturesque village with a rich history dating back to the Middle Ages. It is celebrated for its historical sights, including the magnificent Ehrwald Parish Church and the charming village square. The stunning backdrop of the Zugspitze—the tallest peak in Germany—creates a breathtaking landscape, while the village serves as a gateway to some of the most scenic parts of the Northern Limestone Alps. With its location just 20 minutes from the German border, Ehrwald is uniquely positioned for easy access to both Austrian and German cultural experiences.
The Luxury Real Estate Market in Ehrwald
The exclusive property market in Ehrwald is currently strong, driven by a healthy demand for luxury homes and apartments amidst limited supply. The village's serene environment and close proximity to ski resorts make it a highly sought-after destination for affluent buyers. While the political and economic situation in Ehrwald and the wider Austria remains stable, which positively impacts the real estate sector, prospective buyers should be prepared for a competitive market.
Real Estate Costs and Taxes
When purchasing a luxury property in Ehrwald, potential buyers should account for additional costs such as the 3.5% property transfer tax and realtor commissions, which typically amount to 3% for buyers. Sellers are also liable to pay around 3% in commissions when selling their property. There is no wealth tax on private property, and no capital gains tax is applied to the profits from selling a main residence. However, selling a second home is subject to capital gains tax. It's advisable to consider notary fees and potential legal costs as part of the purchasing process.
Mortgage Requirements and Financing
For those considering financing, mortgage conditions in Ehrwald generally require a substantial amount of own capital, frequently around 20% of the property's purchase price. The remainder can be financed through a mortgage, depending on income and creditworthiness.
Exclusive Residential Areas
Ehrwald boasts several sought-after residential areas, especially those offering stunning views of the Alps and proximity to ski resorts. Posh neighborhoods situated closer to the ski lifts and the center of the village are particularly in demand among luxury home buyers.
Access and Location
Ehrwald is easily accessible by both road and rail, with regular trains connecting it to major cities like Innsbruck, which is roughly 80 kilometers away. The closest international airports are Innsbruck Airport and Munich Airport, located approximately 75 and 170 kilometers away, respectively. These transport links make Ehrwald a convenient location for both residents and international visitors.
Education and Healthcare
The village hosts several educational institutions, including local primary and secondary schools, with further options available in nearby towns, such as Reutte. For healthcare needs, the Ehrwald Medical Center and surrounding clinics provide excellent services.
Living the Luxury Lifestyle
Nature enthusiasts will find a paradise in Ehrwald, with year-round outdoor activities such as skiing, hiking, and mountain biking. The village also offers boutiques and specialty shops catering to a luxury lifestyle. For dining, visitors can enjoy exquisite meals at high-end restaurants such as Al Castagno and Gasthof Panorama.
Cultural and Social Scene
Ehrwald hosts several annual cultural and sporting events, contributing to its vibrant social scene. While the village may not boast major art institutions, nearby Innsbruck offers museums, galleries, and theaters for cultural enthusiasts. The area’s public infrastructure supports a comfortable lifestyle, with essential amenities readily accessible.
Ehrwald, with its unique blend of historical charm and modern luxury, offers an attractive lifestyle for those looking to invest in an exclusive home.
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