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Property News

Property Prices in Austria Growing Strongly
2011-11-03
According to the latest data, low interest rates and rapid economic growth is fuelling strong growth.....

Turkish President visits Austria to Boost Ties
2011-05-05
The Turkish president has visited Austria for the first time in 13 years with the aim of boosting th.....

Austrian Property Market Performing Strongly
2010-09-13
Data shows the strong performance of the Austrian property market throughout last year and into this.....

Austrian Property Market to Benefit from Better Economic Performance
2010-06-15
A better performance in the Austrian economy will boost the Austrian property market.....

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A Country Guide to Austria

Area

83,858 sq. km. (32,378 sq. miles)

Location

Central Europe

Population

8.2 million (as per estimates of 2006) and Population Density of 97.8 per sq. km.

Capital City

Vienna (Wien) with a total population of 2.3 million.

Language

German is the official and most popular language in the country. There are also some regional dialects prevalent in some parts of Austria. For instance, Croatian is the first language in Burgenland, and Slovene is widely spoken in Southern Carinthia. Locals at the tourist hotspots largely understand English and can even speak some broken (but understandable) English.

Electricity

AC 220 volts, 50Hz. Two-pin European plugs are commonly used.

Currency

Euro (EUR, symbol €). 1€ = 100 cents

Notes prevalent = €20, 50, 100, 200, and 500

Coins prevalent = €1 and 2; Cents 1, 2, 5, 10, 20, and 50

Currency Exchange

Currency Exchange facility is available at all banks, savings banks, and exchange counters. All airports and railway stations have the facilities for convenient currency exchange. For more details and exchange rates, travellers are advised to consult their banks.

Credit/Debit Cards and ATMs

Credit/Debit/ATM Cards prevalent = All major cards accepted in large cities. However, smaller hotels may require bills to be paid in cash.

Traveller's Cheques

Travellers Cheques are also accepted at most places in Austria. The travellers are advised to carry travellers’ cheques in major currencies, like Euros, US Dollars, Pounds Sterling etc., in order to avoid additional exchange rate charges.

Banking Hours

Banks in Austria function from Monday to Wednesday and Friday from 0800-1230 and 1330-1500; and on Thursday, the working hours are 0800-1230 and 1330-1730. Banks in some federal provinces have different operating hours. The Banks’ exchange counters at airports and railway stations are generally open from the first to the last flight or train (usually, 0800-2200 on all days).

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