Buy property in Germany

The demand for property in Germany is barely matched by numerous offers. The cost of residential property is rising every year. The average price for 1 m2 is 2,600 - 4,000 euros. The leader in terms of prices is Munich; the cost of private houses and apartments is higher only on the island of Sylt. In the spa town of Baden-Baden, the cost of property is approximately 3,300 euros for 1 m2.

Southern Germany attracts investors with its scenic spots. During the festival, the rent here breaks world records. The country's major tourist destination provides many opportunities for owners of residential and non-residential property. The West of the country is notable for its high-end real estate with a high return on investment. The East of Germany offers many low-cost options for investing in real estate. Here you can purchase resale property at an attractive price. The area is famous for its historic sites, including the Saxon Switzerland National Park.

Vacation property in Germany can be purchased in numerous thermal resorts of the country. Foreigners prefer to buy one-bedroom apartments in mega-cities (Berlin, Frankfurt am Main, Stuttgart, Munich, Düsseldorf) and resort towns on the shore of Lake Constance. Many foreign buyers tend to purchase liquid real estate. The price of property can be influenced by the prestige value of its location, its layout, proximity to the downtown and infrastructure. You should not leave out the offers of apartments in older buildings. Germans treat building maintenance responsibly and always make timely repairs.

There is no need to do extra paperwork or obtain permits to buy property in Germany. Citizens of foreign countries conduct real estate transactions on equal terms with the residents of the country. The legislation does not provide for any restrictions related to the purchase of real estate by foreigners. Non-residents can take a mortgage loan from a local bank, but it cannot comprise more than 60% of the property value.

The buyer is obliged to pay the transfer tax (up to 6.5%) and notary fee (1.5%). When it comes to buying larger real estate without a mortgage, the tax fee is about 0.9% of the cost of the purchased property. Rental income is also taxable – up to 47% for individuals.

If you want to buy real estate in Germany, our agency professionals will help you find the best deals that will meet your requirements. It does not matter for what purpose you acquire real estate. You need to determine location, type of property and indicate the desired cost. The newer the comfortable apartment is, the higher is its cost.

One of the main reasons why real estate in Germany is so popular among buyers is the fact that rental property in this country brings huge profits. Any type of real estate here is a reliable asset and an opportunity for obtaining a residence permit. Mortgage terms in Germany are simply fantastic.