Статьи: Estate Service 24

articles

Статьи: Estate Service 24

 

For our clients who want to buy residential real estate, both for the purpose of investment (rental) and for their own use, we recommend considering new buildings for the following reasons:

• there is a choice of apartments (you can choose the most suitable layout, floor, decoration - as a rule, 5 decoration lines are offered for selection);

• prices at the start of construction are 20% lower than when commissioning an object during construction for about 2 years (price increase at least 10% per year); therefore, when commissioning an object, the most expensive apartment options (penthouses) remain that are not so easily rented out for rent;

• a guarantee from the German developer for 5 years (I buy a second home; you most likely will encounter the need to repair it in the coming years, buying a new building - you will not have such a “headache” for at least 5 or 10 years;

• a guarantee from the German developer for 5 years (when buying apartment from secondary market you will most likely encounter the need to repair it in the coming years, buying a new building - you will not have such a “headache” for at least 5 or 10 years;

• phased payment (when buying a new building, you pay certain percentages of the total cost of the object according to the stages of development for 1 or 2-3 years - depending on how long the construction will last);

• the possibility of obtaining a financing from a German bank (in Germany, a non-resident of a country can also get a financing for purchase, it is easiest to get a loan from a German bank to a non-resident - to buy an apartment or apartment building.

 

On average, the annual growth in real estate prices in Germany is about 4-6% per annum.

 

According to economists, prices for real estate in Germany (especially in large cities) will only grow in the coming years.

 

The economic attractiveness of the city is the main factor of stability of the local real estate market, the prices for which will grow.

 

First of all, it is utilities (Hausgeld): water supply and heating (9 Euro per 1 cubic meter per month), garbage collection (about 20 euros per month), electricity is always paid separately depending on the area and electricity consumption (about 50 euros per month for a two-bedroom apartment).

 

By itself, the purchase of real estate does not entitle you to a residence permit in Germany, but having your own apartment or house can be a significant plus in resolving this issue.