German Property And Real Estate For Sale Guide
German Property For Sale
Exchange Rate: Click here for exchange rate details
Capital gains tax is charged at normal income tax rates on property sold within two years of purchase.
There are no restrictions on Foreign Ownership.
Former East German states property holds a generally lower value.
Real Estate Prices In Germany
Range Varies, for example:
From around £80,000 / $115,000 plus for a terraced home.
Detached Homes from £140,000 - £600,000 / $200,000 - $875,000and beyond.
City apartments vary from £300,000 / $440,000 with Munich a premium
Locations to buy property and real estate in Germany
It is popular in Germany to rent. This accounts for over half of the population. Apartments in the cities and suburbs are popular where there can be a shortage of housing. At least 75% of German
houses have been built since the second world war, though you are still likely to find many lovely traditional village homes in rural areas. There are many properties in the former East Germany which need modernisation. Rhine and Mosel valleys are popular for rural lifestyles.
Living Costs in Germany
Germany enjoys a very high standard of living with fairly low inflation. The cost of living is higher than some other EU countries but not very different to that of France and the
Buying real estate and property in Germany
When you have found your property that you want to buy and agreed a selling price, a solicitor/lawyer or notary is required to carry out the legal work and contract obligations, checking that no liabilities exist.
On completion of the sale ofthe real estate, the title deeds are registered with local land registry enabling the title to transfer to the new owner.
Solicitor / Lawyer
A solicitor/lawyer who
specialises in conveyance work would normally carry out all the legal work on your behalf, a public notary can also be used when buying real estate.
You would expect to pay a total around 6-7% of the buying price, which comprises of the transfer tax of 2% and notary fee of about 1.5%. The Real Estate Agents fees vary up to 5-6% and would ordinarily be split between the buyer and seller.
Land tax is charged in Germany to cover local services and is
rated usually below the current market value and would be around 1% of the rateable value. Non-residents are subject to wealth tax on property owned in Germany of around 0.5%.
You can borrow up to 70% from German banks and building societies and they would normally expect a proven track record of regular monthly savings of up to six years before it is approved. The maximum term would be up to 30 years on a fixed rate of interest.
For more information on buying
property in Germany, please visit the German Governments website:
Our guide will not cover all the legal and full financial information for your Real Estate purchase but should enable you to get an idea ofthe financial involvement.
23 Belgrave Square
Tel: +44 (0)207 824 1300
Fax: +44 (0)207 824 1435
4645 Reservoir Rd.
Washington, DC 20007-1998
Tel: (202) 298 4000
Fax: (202) 298 4249 or 333 2653
German Property For Sale
Europe France, Cyprus, Spain, Italy, Ireland, Turkey, Bulgaria, Slovenia, Portugal, Andorra,
Switzerland, Sweden, Belgium, Austria, Greece, Germany, Poland
America, Canada, Australia, NewZealand
Asia - Sri Lanka, Philippines, Thailand, Nepal
Africa - South Africa, Egypt, Morocco, Seychelles
Central America - Costa Rica, Belize, Honduras, Nicaragua
South America - Brazil, Venezuela
Caribbean - Antigua, Antilles, Aruba, Bahamas, Barbados, Jamaica, Montserrat, Nevis and St Kitts, Puerto Rico, St Lucia, Trinidad and Tobago,
Virgin Islands, Dominican Republic
Contact Overseas Real Estate
Terms and Conditions
All material on this site is based on information that we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and should not be relied on as such.
are subject to errors, omissions, change of price or withdrawal without notice. Further information see t&cís
Copyright Overseas Real Estate. 2001,2002,2003,2004,2005,2006,2007,2008,2009,2010,2011,2012,2013,2014,2015,2016
All rights reserved
Overseas Real Estate
Resources 1, 2, 3,