In the end there was just a 0.6 percent difference, with Van der Bellen receiving 50.3 percent and Freedom Party’s Norbert Hofer receiving 49.7 percent.
Posting on social media, Hofer has also admitted defeat to his Green-backed opponent, thanking people for their support.
The win from van der Bellen means Austria did not become the first country in the EU to have a head of state from the anti-immigrant far-right.
Projected results late on Sunday put both Hofer, presented as the friendly and moderate face of the populist Freedom Party (FPÖ), and Alexander van der Bellen, former head of the Greens, neck-and-neck on 50 percent.
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