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Buying in Germany

Purchasing a new-build property in Germany

1. Selection

Finding the right properties with our international consultants according to your investment criteria e.g. concerning size and budget.

2. Coming to Germany or staying abroad

Visiting the properties and meeting legal, tax, and financial representatives – or signing a power of attorney at a German consulate abroad.

3. Reservation

Filling out “Arrangement for a purchase contract” and payment of a 1% reservation fee (will be deducted from broker’s commission)

Photographic identification and a current proof of address is required as part of the Anti-Money Laundering (AML) check process.

4. Legal steps

Mandating the lawyer, receiving and checking the purchase contract, and – if not already done – signing a power of attorney for your lawyer to act on your behalf.

5. Notarization

According to German law, buyer (or his legal representative) and seller have to sign the contract in the presence of a notary.

6. Post purchase charges

Related with property acquisition, invoices for taxes and charges will be received – can be payed via escrow account set up by lawyer:

– Real estate transfer tax (depending on the federal state – between 3.5% and 6.5%)

– Notary, court and land registry fees (ca. 2%)

– Legal fees (ca. 1%)

– Broker’s commission (between 3% and 6%, plus VAT)

7. Payments

When buying a new development there will be up to seven invoices based on the construction status, from breaking ground to total completion.

8. Handover & after-sales services

After completion, handover takes place – benefit from our broad range of after-sales services for investors and owner-occupiers, including letting, furnishing, management and re-sale.