Real Estate Insider

The CERHA HEMPEL Real Estate Insider provides an insight to the real estate industry in Austria and CEE. Besides reviews on case-law and legal developments, the Real Estate Insider covers all aspects affecting the industry including market trends and insights, project and deal reviews, reviews on political and legislative developments, reports on events etc. As one of the leading real estate practices in Austria and CEE, our team is fluent in advising clients on all aspects of real estate law from cross border portfolio transactions to building organizer projects to rental agreements and constructions matters, you name it.

Posts tagged with Real Estate

Update: Taxonomy - final version of the Delegated Regulation published

The final version from 04.06.2021 of the Delegated Regulation based on the Taxonomy Regulation (Regulation (EU) 2020/852) was published in all official EU languages on 08.06.2021.

Taxonomy and its Impact on the Real Estate Industry

The Taxonomy Regulation (EU) 2020/852 (Taxonomy Regulation) already entered into force in Summer 2020, but it was just now (21 April 2021) that the EU Commission approved the first delegated act based on the Taxonomy Regulation, which will enter into force on 1 January 2022. This delegated act contains technical screening criteria for two of the six environmental objectives of the Taxonomy Regulation, namely "climate change mitigation" and "climate change adaption".

Effects of Brexit on the acquisition of real estate by British citizens in Austria

Austrian real estate transfer laws – which are enacted and adopted by each of the nine provincial legislators due to its constitutional classification as a federal competence – provides for individual restrictions in the form of approval or notification requirements for the acquisition or transfer of rights to real estate by nationals or third country nationals. While British nationals have to date been treated equally to Austrian nationals given their status as citizens of the European Union, their equal treatment under the laws could end after Brexit.