It has long been an axiom, not requiring evidence that the best way to invest funds is the purchase of real estate. Moreover, if you have the opportunity to purchase an apartment or house not only in Russia, but also abroad is even better. One of the most profitable areas for the acquisition of real estate is Europe. Especially popular from this point of view has become Germany, which has long been considered one of the most progressive European countries with a stable developing economy. At the same time, the cost per square meter in large German cities is an order of magnitude lower than in France and Austria. Which is also another reason to think about the possibility of acquiring a second house in this country. In addition, according to the current German law, foreigners can, without any restrictions, acquire both the ownership of both residential and commercial real estate.
The practical and pedantic Germans themselves are very willing to invest in real estate of their country, providing themselves with an additional monthly income from renting a second apartment or house for rent and saving money for a comfortable pension. The interest of Europeans and Russians in the acquisition of houses and apartments in Germany is becoming stronger and stronger every year, especially after the crisis, when it became obvious to everyone how unreliable the economy could be. The purchase of apartments has become especially relevant for the Greeks and Spaniards, who more than others felt the whole complexity of the economic situation. Our compatriots prefer to invest funds mainly in residential real estate. Many send their children to receive higher education in Germany, which is free, and purchase apartments for them so that young people are comfortable to be in a foreign country. In the future, such an investment will fully pay off. After all, the purchased apartment can always be leased and receive a fairly decent additional income in a solid European currency that will cover the cost of maintaining housing and paying for utility services.
Analyzing today’s real estate market in Germany, the following trends can be distinguished:
About half of the total number of real estate sold is bought by foreigners.
The highest prices for apartments and private houses are found in Munich.
The most economical housing options can be purchased in the east and north of Germany.
The most popular are apartments and Townhouse in Hamburg and Berlin, since it is in these cities that the largest number of jobs.
Foreigners prefer to buy apartments in the secondary market, the average cost of which is about 150 thousand euros.
The cost of one square meter varies very strongly in the interval of 6,000 to 200,000 thousand euros, depending on the region, such as real estate, infrastructure, year of construction and condition of the object.
There are much more proposals in the secondary real estate market than in the new buildings market.
Among the real estate under construction, mainly residential premises are dominated by the category of elite.
Before starting a direct process of finding an apartment, houses or premises for an office, you need to find either a Russian real estate agency engaged in the sale of real estate in Germany, or a German agency, if you are well speak German and are ready to negotiate with them. Buying real estate in a foreign country without the help and support of a professional realtor and lawyer is very risky, because most buyers, as a rule, do not know all the intricacies of legislation, process of registration of documents and the characteristics of the real estate market.
After the completion of the process of choosing a house or apartment, you will need to open an account with any German bank, since all the calculations on the purchase and sale transaction, as a rule, occur in a non-cash form. When opening an account, the bank conducts a rather thorough verification of its customers in order to suppress illegal transfer of capital, so this procedure will take some time. You can transfer money to this subject immediately after the conclusion of the contract with the bank. In parallel with the opening of the account, you will need to check the condition of the property you purchased by the land book, which states all the information on the purchased property at the moment. So you will receive one hundred percent guarantees that the apartment or house is not at the moment in the pledge of the bank and it does not have more owners than those that you know. After you are completely ready for the transaction of sale, you will need to visit a notary, which will assure the authenticity of the contract. It is the notary who will be the guarantor of the security of the transaction and the transparency of all financial calculations. The next two stages in the form of sending the contract for preliminary and final registration of ownership will be made the same notary. You only need to conduct the final calculations with the seller after the successful procedure for pre -registration of ownership and be patient, since the terms of re -registration of ownership of the acquired real estate object can vary from 2 to 4 months, depending on the speed of its registration in the land court. In addition to expenses for the purchased house or apartment, you need to be prepared for the fact that you will have to pay tax on the acquisition of real estate, the services of a notary and realtor, as well as the state duty for re -registering property rights.
The presence of real estate in Germany gives you and your family the right to design multivisia, which means that you can spend about 6 months a year in your new house, feeling like a real European. The acquisition of a house or apartment in Germany will allow you not only to invest in money and purchase a second house for yourself, but also to join European culture. It remains only to take the first step.