Real Estate in Germany

Аt the present time buying of the real estate in Germany is very attractive for citizens which have their own business in this country or for the  entry-level investors, because at this moment it’s possible to buy flats need putting in repair and which are not  in requisition among Germans for 20 000 – 50 000 euro. In addition the flat restore companies propose large discounts for clients. Analysts predict that cost for real estate could considerably grow during some nearest years. As a result of this the investment of capital flow in this sphere grows for 20-30% per year. But these are not all advantages, besides all other things German legislation equalize  as a foreigner so as a local in rights for buying real estate.

The prices for real estate in Germany in such main centers as Berlin, Stuttgart, Munich, Frankfurt starts from 2500 euro per m2  and in the centre more than 5000. That’s why many investors for buying flats or houses choose smaller but cozy towns which have large institutions or established business. Münster, Darmstad, Dresden, Leipzig can be examples of them.

Buying the land as an investment of capital in real estate in Germany is also very profitably if do not consider central districts of big cities in which prices can come to 100 000 euro, so one hundred square meter can cost 1800 euro.

As everywhere, in Germany it’s necessary to issue a deal for buying real estate.  For this a lot of customers make use of real estate bureau which take from 3,5 to 7% from general dealership sum. After its’ execution the new owner must pay the 3,5% of tax and 1% for the work of the notary which prepare the contract, set up an account and put a veto upon the selling of property after prepayment contribution. All this take a month or 2 month at most.