I too purchased in Austria - a chalet in the ski resort of Saalbach-Hinterglemm and am getting a decent return of about 8% gross. Austria is a really beautiful country.
I don't know much about the market in Austrian cities but I have quite a bit of knowledge of the ski property market in the Salzburg region (includes resorts such as Zell am See, Saalbach and Bad Gastein), after researching the area for my own purchase.
There are not too many Brits in this market but a lot of Dutch and increasingly Eastern Europeans. All the chalets around us have been bought by Dutch families and Kitzbuhel down the road is attracting Russians.
Prices are still quite modest here, certainly compared to France, but they are starting to creep up now. The Austrian market has been very flat for years, just like the German market, so it never experienced the bubble seen elsewhere in Europe.
If anyone wants any advice or help with buying ski property in Austria, particularly in the Salzburg region, I'd be glad to pass on my experience.
Jon
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