Legal Business

Austria part 1 – staying out of trouble

Austria has proven to be an economic safe haven in the past few years, but the troublesome CEE countries are still playing on lawyers’ minds.

A favourite topic of conversation around the dinner table for wealthy Viennese is the astronomical price of apartments in the centre of town. They bemoan how rich Russians are coming in and snapping up the grand, high-ceilinged apartments on the imposing avenue that circles the centre of town, the Ringstraße. The Russians, they say, like the climate and the genteel lifestyle that Vienna offers, and will pay almost anything to get these apartments.