Good evening everyone.
I finally started using reddit actively.
Firstly, a brief info about myself so you would know what you are dealing with and I am so happy to be among you.
I and my family have an only residency permit in Austria but probably will get the permanent residency along with the working permit within a year.
I work abroad in a country(which is also where my citizenship resides) which has a double taxation treaty so I don't have to pay any taxes in Austria as long as I pay to that country in of interest.
I and my wife are getting a very good income(hers is from the rental of a real estate of the same country of our citizenship). We live in the 1st district in a relatively large apartment with our 6 years old kid. Since we rented here for a very good rental price before covid, our rent is still managable but of course it started bothering me for the last 2 years since that money is going to trash for a long time now.
I want to buy a place for my family but I don't want to burn all my cash just to own a place but since both our incomes are in our homecountry's currency(which is very volatile due to country's economy), no bank is willing to give us any loan to buy an apartment for ourselves even though our income is way above Austrian average.
So my question is, how can I buy a place for my family?
Are there aby options for installments for a few years then purchase the place? I am even ok with higher interest rates if a can find a chance for a loan but so far it felt a lot like I am stuck in a loop and just swimming circles.
Do I have any other options or just have to save the money for another 5 years and hope that no other pandemics hit and my savings actually still worths something?
You all have a very pleasant night and thank you in advance for any suggestions or even reading my problems.