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Buying real estate in Germany
When you have found your property and agreed a selling price, a solicitor/lawyer or notary is required to carry out the legal work and contract obligations, checking that no liabilities exist when you buy real estate in Germany.
On completion of the sale, the title deeds are registered with local land registry enabling the title to transfer to the new owner.

Solicitor / Lawyer
A solicitor/lawyer who specialises in conveyance work would normally carry out all the legal work on your behalf, a public notary can also be used.

Fees
You would expect to pay a total around 6-7% of the buying price, which comprises of the transfer tax of 2% and notary fee of about 1.5%. The Real Estate Agents fees vary up to 5-6% and would ordinarily be split between the buyer and seller.

Property Tax
Land tax is charged in Germany to cover local services and is rated usually below the current market value and would be around 1% of the rateable value. Non-residents are subject to wealth tax on property owned in Germany of around 0.5%.

For more information on German Property and to arrange your viewing visit:

German Property Viewing Arrangements

German Property Search  

Berlin Property        Frankfurt Property  


  Germany

Allen & Overy
  www.allenovery.com

Banner Jones Middleton Solicitors
  www.bjm-solicitors.co.uk

Banners Solicitors
  www.banners-solicitors.co.uk

Diro Lawyer
  www.dire.de

Frank Reister, Bochum, Germany
  www.raemauer.de

Freshfields Bruckhaus Deringer
  www.freshfields.com

Kenneth Bush Solicitors
  www.kennethbush.com

Osborne Clarke
  www.osborneclarke.com

Schmidt, Vonder Osten & Huber, Berlin
  www.soh.de

Solicitors-online.com
  www.solicitors-online.com

Swarb.co.uk and Wrigley Claydon Solicitors
  www.swarb.co.uk


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Last updated 12/3/2010
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