Monday, 2 March 2015

Purchase cost for German Real Estate 2015

One of the most asked questions by investors new to Germany is regarding the typical cost involved in making a real estate investment.
The cost depends on the price of the property the cost tables for the notary public and the land register relate to is as value of the transaction. They are degressive, in other words, the higher the price, the lower the percentage of the cost.
Another cost factor is the property sales tax (stamp duty) which varies in the German states (see table below).

Last but certainly not least there is the commission for the property agent. These also vary in different areas of Germany and are easily obtained from the offer you are looking at.

Depending on your financing there will also be a cost for entering securities into the register, relating to the amount to be secured. Because the financing varies individually, this is not included in the examples.

For the purpose of the examples it is assumed that the property is bought in Berlin
Real Estate Purchase Cost in Germany 2015

Click on the table for a bigger pdf-version.

Property sales tax (stamp duty) in the German states 2015

Further cost will be incurred in the context if financing which may include due diligence and cost for notary and register for the entry of securities into the land register.


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