Saturday, November 30, 2013

Interview with Stefan Gassner, SAGE Immobilien, Austria

Stefan Gassner
Please tell us a bit about yourself and your company

Our company is one of the leading real estate agencies in the federal state of Salzburg and Tyrol in Austria, offering more than 450 properties. The area covered includes all major skiing destinations in Salzburg and Tyrol. 17 full time employees provide a full-service real estate agent service at three offices. Our service includes an in-house legal department that is handling communication between seller and buyer and the notary handling the purchase transaction. Our company takes care of everything involved in the purchase, including handover service and after-sales services like help with public utility companies or small renovation works. The company was founded in May 2006, starting with one office in Zell am See. In 2011 we opened our first branch office in St. Johann im Pongau. Our second branch office was opened in 2013. Since our founding in 2006 our company has grown to 17 full time employees. Our company is a family run business. Our CEO is Mag. (FH) Stefan Gassner, he studied Management and Law in Innsbruck and Budapest and has been in the Real Estate Industry since 2002.

What has the property market been like this year?

The market has been quite stable, although the number of sales has slightly decreased. Prices are stable or slightly increasing.

What do you expect to happen to the market in 2014? Are there any "hotspots" to look out for?

For 2014 I expect the market to be similiar to 2013. We do see some recovery in the UK market, indicated by more requests for holiday homes out of this market.

The outlook for the year 2014 shows that for residential properties the demand is still high. Although due to the high price growth over the last 5 years the demand curve has slowed down a little. The Austrian property market in 2013 has been stable with a little growth in prices, depending on the exact location. Demand in the large cities and the well-known tourist resorts has been high...

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