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Useful to know when you are searching for retail for investment in Austria
In the land of music, not a single dull day goes by, and a chance of leisure is never passed.
Austria is a European country bordering Germany to the northwest, Italy to the south and many of the smaller neighboring countries like Slovenia, Czech Republic , Hungary etc. It’s home to a population of 8,935,112 (2020 estimate). It covers an area of 83,879 sq. km.
Austria is famous for many things, however the most characteristic of the country is the music heritage and importance in the world. Austria is home to many internationally known musicians and huge icons, especially in the field of classical music. Composers like Anton Bruckner, Joseph, Haydn Arnold Schoenberg, Franz Schubert and last but not least, Mozart himself. Every year, Austria is host to countless music festivals honoring both the iconic classic pieces written in Austria, but also exploring the young aspiring composers and musicians in the field. Operas and dramas are common activities as well, both for couples, families and people looking for a moment of leisure.
Apart from the musical past and significance, Austria has strikingly beautiful nature, which attracts millions of people each year, around 30.8 million to be more precise. As Austria consists almost entirely of mountainous landscaping, they attract a large number of tourists from the countries in Europe who have less altitude to explore. The mountains, valleys and lakes provide endless outdoor activities such as hiking, mountain biking, swimming etc. in summer, and as the temperature falls in winter and the first snow hits the ground, millions of people gather to ski and snowboard down the majestic mountainsides.
The cities of Austria are charming and stand beautiful in contrast to the wilderness of the rural areas. The largest city, and capital is called Vienna and is a beautiful mixture of the fast paced city life, and a hint of the slow southern European lifestyle. In the cities you’ll find the art in both museums, concert halls, galleries and so on.
Austria is in many ways an attractive European country in terms of beauty and charm, however the social aspect is also an important factor to the beauty of the country. Austria has been ranked the second best country in terms of quality of life in 2019. The study was based on many factors, some of which were healthcare, safety (crime rates) and education in which all three Austria scored exceptionally well. Healthcare costs are 45% covered by social security and education is entirely free up until university for all residents of Austria.
The cost of living is fairly regular compared to other European countries. Many expats chose to settle here because of this in contrast to the neighboring country Switzerland, which has been ranked the most expensive in Europe. The university costs are quite low in Austria as well and go all the way down to €1,000 and €2,000.