The Buyer's Guide

Buying a property in Germany

Buying a Property in Germany

The Buyer's Guide

So you have decided to buy a property – congratulations! Whether searching for a new family home, or as a rental investment - your first property or your 100th - there is no feeling quite like it. You are making a smart decision in the short, medium and long term. The inevitability of long term property ownership is the finest way to secure your future and ensure financial security in retirement. As a long-term investment, real estate’s stability makes it crisis-resistant, and with interest rates still considered low, plus the ability to fix for up to 20 years, now is the time to buy in Germany. While it can seem daunting, do not fear! The process need not be complicated with the right guidance! I hope you find the following useful in your search for an apartment, and throughout your ownership.

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Topics


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Why you should rely on ACCENTRO

With a real estate portfolio of more than 5,200 units, we are specialized in enabling tenants, owner-occupiers and capital investors to realize their dream of owning their own four walls as a solid investment for the future.

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No. 0

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happy customers

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Introduction to Germany


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Largest economy in Europe
Largest rental market in Europe, 2nd lowest home ownership rate
Economy rose for the 10th consecutive year in 2019
Safe haven for international finance
Private landlords make up 80,6 % of all apartments in Germany
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Be prepared: What things do I need to keep in mind?

When buying real estate, one or the other additional costs should be considered and planned for. These differ from country to country – but in Germany they also differ state to state. As an international buyer, you can click below to get more information on what things play a role in addition to the purchase price.

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Would you like to have all details and information regarding the purchase of real estate collected in one document? We got you covered! Get your full Buyer's Guide brochure for free today!


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Do I need a lawyer?

As an International buyer, not domiciled in Germany, you need a local lawyer to oversee the purchase. The lawyer will provide an extensive service for you, not just reviewing legal documents.

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As a buyer living in Germany, you do not legally require the services of a lawyer. Often, the notary will produce the sales contract in both English & German, and the notary themselves can answer most contract related questions. You will however, need the services of a sworn translator at the contract signing, unless you speak fluent German.

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Finding your ideal property in Germany

Even the grandest journey starts with the smallest step! To start your property adventure, take your first small step below and search for your dream property.

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Ongoing costs

Once you have purchased your property, the fun doesn’t stop there. There are a number of ongoing costs relating to taxes and property / building management that you need to consider.


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Selling your apartment

Current German law states, as an individual owner, you can sell your rental investment apartment after 10 years of ownership, and pay 0% tax on any profit that you have made. It is currently the only asset class offering this. This law is reduced to just 2 years if you have lived in the apartment yourself and not rented it out.

Due to recent legal changes, the buyer and the seller must now split the sales commission 50/50. As a seller, your percentage can range from 1.5- 3.5%, depending on the commission level that the selling agent charges their clients.

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FAQs


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Have you got questions? Get in touch with us!


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