Monday, 24 June 2013

Increase of Property Sales Tax in Berlin!

Berlin Property Market
The Berlin Property Market
is very popular with
Inernational Investors
According to several Berlin newspapers the Berlin city government is planing to raise the property sales tax from 5% to 6%. This is to compensate for a reduction in subsidies Berlin receives from other German states like Bavaria in the 2014/2015 budget.
It is not clear yet when this increase will take effect. The Christian Democrats in the government want to compensate this by reducing agents commissions but there currently is no legal tool to achieve this.

Anyone considering a property purchase in Berlin might want to speed up the selection process to save that extra 1%.

For support in the identification of the right investment targets please visit our website at www.berlin-portfolio.com. Especially for international Private Investors and Property Funds we provide a task force service for quick reaction to interesting opportunities.
We provide independent support for the property search including foreclosure or auction properties and their valuation or appraisal. (Also see our free property market Research Service)
Please use this link to the contact facilities provided there to place any requests .
Uwe Falkenberg 



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