- Most stable European economy
- Solid legislative basis
- Reliable market
- Strictly regimented purchase
- Contracts’ transparency
- Stable profitability in the long term
- Rising prices
- Housing Deficit
- More than half of the German rent housing
- Favourable terms of financing
It is known that Germans prefer renting housing rather than buying it. According to statistics, 40 percent of the population of Germany own real estate by themselves, while 60% of Germans rent housing. Prices for residential real estate in Germany continue to grow.
German laws on the acquisition of property by foreigners, including those from countries that are not members of the EU, are quite liberal. The purchase process is divided into fairly clear standard stages:
property search, negotiations on the sale of the object, notary signing of the contract of sale of land or real estate, registration of possession transfer. For the duration of the transaction the investor needs to come to Germany only twice: for the final selection and for the inspection of the acquired property upon signing the notary deeds.
• Tax on real estate purchase (6% of the purchase price to be paid within 4 weeks after the notary transaction)
• Notary fees (1,5% of the purchase price, Including registration in the Land Register)
• Brokerage commission (7,14% of the purchase price including VAT)