The following information has been complied as a guide for potential purchases for property in Germany. It does not seek to provide or replace legal advice which you should obtain, nor is it intended to have any contractual effect.
German domicile is not necessary for purchasing property in Berlin. It suffices to provide your home address.
In Germany, an international buyer has the option for 55 – 70% of the buying price to be financed through a loan.
The purchase of property in Germany is subject to clear regulations. The purchase contract of a property must be certified by a notary. Both parties can be represented by their notary upon signing.
When purchasing a property in Germany, the buyer bears the additional costs. This includes the property transfer tax (6% of the buying price in Berlin), the notary costs around 1 to 1.5%), registry charges for property (approx. 0.5% of the buying price).