What expenses will I bear to maintain the private property?
Private property

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).

Utilities (hot and cold water, heating, gas, etc.) are paid according to the rates set every year. At the end of the year, recalculation is made according to the meter readings: if a larger volume of utility services was used, you will have to pay the difference; if you used less services than that paid for – a part of the amount will be refunded. If you rent an apartment, then utilities are paid by a tenant.

The annual tax on the ownership of real estate in Germany is about 0.1% to 0.4% and is calculated depending on several factors: the year of construction, the condition of the property, and other factors.

other articles

  • 16 April 2020 What will be with the German real estate market in the context of the coronavirus epidemic?

    Many are now wondering what will happen to real estate in Germany during / after the so-called “pandemic” of the coronavirus: will it fall in price, will there be many new properties, in which real estate is it worth investing?

    Already, many economists, as well as real estate market analysts agree that the real estate market in Germany will not suffer, on the contrary, it will be in even greater demand for the following reasons:

    - Germany has shown its readiness for any plan for turbulence in connection with competent leadership and thoughtful legislation of the country;

    - A strong German economy will recover quite quickly compared to the economies of other countries;

    - amid the dubious future of the euro and the dollar (not to mention the ruble), investments in liquid real estate were, are and will be - a reliable guarantee of preserving capital;

    As for the flooding of the market with new facilities at bargain prices - this should not be expected. The shortage of properties in recent years is due, in particular, to the fact that in addition to a large number of foreign buyers, local investors are very enthusiastic about buying quality properties in Germany at low credit rates.

  • 31 января 2020 What type of real estate is now particularly attractive for investment in Germany?

    A strong economy, thoughtful legal system, political stability, and a high standard of living - these factors make Germany particularly attractive to foreign investors who see real estate in Germany as a "safe haven" in terms of investing and preserving capital.

    Now in the real estate market Germany record low loan rates (from 0.

  • 07 января 2020 Why is it profitable to invest in new construction in Germany?

    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. Here, the quality of the building, the location of the object will be taken into account.

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