Higher education institutions in Austria are divided into several types:
- 22 state universities (including 3 medical and 6 art schools);
- 14 private universities;
- 21 higher specialized schools;
- 14 teacher training colleges.
The largest number of universities in Austria are located in Vienna, the others are in Graz, Innsbruck, Linz and Salzburg.
You can select real estate properties in Austria in our catalog.
The best universities in Austria according to QS World University Rankings 2019:
- University of Vienna;
- Vienna University of Technology;
- University of Innsbruck;
- Graz University of Technology;
- Johannes Kepler University;
- University of Klagenfurt;
- University of Salzburg.
Universities in Austria for foreigners
There are more than 300 thousand students in Austria, almost a quarter of them are foreigners. Foreign citizens have the right to study at any local university.
Tuition fees are the same for all public universities in Austria and amount to 1,453 euros per year for students from non-EU countries. Foreigners from the European Union study for free. An exception is the University of Vienna, where master’s degrees in some specialties, such as international relations and law, are paid for by EU citizens.
Studying at higher specialized schools costs 726 euros per year for all students. Private universities set their own fees. In Austrian universities it varies from 12 to 20 thousand euros per year.
Obtaining higher education in Austria
To enroll in an Austrian university, a foreign student must provide a translated and certified copy of the certificate and a document confirming knowledge of the German language at level C1. The applicant can offer any of the following certificates: ÖSD, Goethe-Zertifikat, telc Deutsch, Test DaF, DSH-2.
The main education at Austrian universities is conducted in German, but there is also a large selection of English-language programs.
When entering the university, an applicant must write a motivation letter and pass a test of general cognitive abilities: logic, text comprehension. To enter the medical faculty, you will need to additionally pass Latin and biology. In higher specialized schools, specialized tests and exams in the selected subject area are added to the general ability test.
Where can a student buy real estate for living and investment?
Foreigners studying at Austrian universities usually rent housing in one of the student complexes. Meanwhile, buying an apartment in Austria can be a profitable investment. After graduation, the property can be useful for life in Austria, and it can also be rented out.
It is most profitable to purchase housing in Vienna. The percentage of renters among the population here is the highest in the country – 78%. The cost of purchasing an apartment of up to 50 m2 in the central areas will be about 250 thousand euros. You can rent out a one-room apartment for 1-1.5 thousand euros per month. The annual rental income will be 4-4.5%.
For students, it is best to buy an apartment in the Alsergrund district, where almost all the city’s main universities are located, or in the Wieden district, from where it is only a 10-minute walk to the Vienna University of Technology campus.
The city of Graz, where the medical university is located, is also attractive from the point of view of real estate investment. The average cost of housing in Graz is 3.7 thousand euros/m2. Apartments with a guaranteed yield of 3.5 to 4% can be purchased at prices starting from 120 thousand euros. A two-bedroom apartment with an area of 56 m2 will cost about 200 thousand euros.
Salzburg, the center of the region of the same name, is the second most popular city in the country after Vienna. More than 3 million tourists visit it every year. Foreigners are attracted by the many cultural attractions and convenient location between Zurich, Vienna and Munich. Living in Salzburg, you can visit the surrounding ski and thermal resorts, and in the summer engage in cycling, hiking and golf. Apartments in Salzburg cost from 300-350 thousand euros.
Typically, buying real estate in Austria involves some difficulties. In many regions, including Vienna, citizens of non-EU countries can only make a purchase under a legal entity. At the same time, the holder of a student residence permit can avoid these bureaucratic problems and make the purchase in the name of an individual, regardless of his country of origin.
You can learn more about the real estate market in Austria from our articles.