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15 POINTS TO HELP YOU FIND A FLAT IN BERLIN

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  Finding an apartment or even a shared flat in Berlin may be difficult, especially if you're new to the city. The good news is that we are here to make your move as simple as possible and to welcome you to Berlin! On this page, you'll find suggestions to aid you in your search for the ideal home. There are a few critical considerations to make before you begin: Where in Berlin would you like to live? You can use tools and programmes to figure out where you can afford to live. 2. Do you prefer to live alone or in a shared apartment? A shared flat is known as a WG, or Wohngemeinschaft, in Germany. 3. What features should your new home have? Considerations such as the number of rooms, the amenities provided, and the floor you decide to live on are important. Even such features as balconies can be wonderful, keep in mind that they might also limit your options. 4. Being adaptive and keeping an open mind can be challenging, but it is true. Even if havi...

PLANNING TO RENT IN GERMANY – HERE'S A COMPLETE GUIDE

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  There isn't a difficult task as challenging as moving to a new place. The entire procedure is typically challenging and exhausting, especially if it is your first time. Those who have previously done it could assume they are knowledgeable about the steps required to rent a place. But you still need all the help you can get if you want to rent in Germany. Fortunately, that is exactly what this tutorial is designed to achieve for you. This page contains all the necessary information for anyone who is not familiar with the German rental procedure. After reading this essay, you will have a complete understanding of each procedure you must adhere to. German Rental Statistics Germany, a developed country in Europe, is well known for its innovations in business and technology. People still prefer renting over buying a home, despite the nation's economy growing over time. Data show that only 43% of Germans own homes, which is a low percentage for a developed country....

RENTING IN GERMANY – A DETAILED 2022 GUIDE

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  One of the most important jobs when relocating to Germany is finding a place to reside. Only a small percentage of expats choose to buy a home or apartment in Germany after having lived there for a while; the majority prefer to rent. There are a few things that foreigners renting apartments in Germany should be aware of to avoid unnecessary stress and bureaucratic red tape. This article will describe all the drawbacks and peculiarities of German apartments and offer helpful advice on how to find an apartment in Germany and what to look for in the rental agreement. 8 points to remember when renting a property in Germany You should be aware of what to expect from German flats before you start your apartment hunt there. They differ from what you are used to in your nation of origin. In Germany, the great majority of available apartments are unfurnished. Let's discuss what this involves. 1. In German apartments, the bathroom is included. Every rental uni...

GRUNDSTEUERREFORM / PROPERTY TAX 2022: THIS IS WHAT YOU NEED TO DO NOW

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  This year, the property tax return is an additional tax form that must be submitted by every German property owner. Even companies that own real estate are required to file a tax return. The annual property tax that owners are required to pay has been changed, which is the basis for this. Property taxes had previously been calculated using out-of-date information, namely real estate values (also known as "standard values," or "Einheitswerte") from 1935 and 1964 (formerly, West Germany) (previous East Germany GDR). Property values have increased over the years, as is well known, but in some areas much more so than in others (Munich more so than Görlitz). The actual value no longer corresponds to the unit value. The Federal Constitutional Court urged reform of property taxes as a result. New Valuation For Property Tax Reform It is now necessary to recalculate the values of all 36 million properties in Germany. This will be quite time-consuming for b...

THINGS TO CONSIDER WHILE BUYING AN APARTMENT IN GERMANY

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  Many people have the desire of buying an apartment in the city when they immigrate to Germany. How am I going to arrange for the financing is the first thing that comes to mind when someone decides to invest in real estate. We made an effort to address the essentials for consumers to remember while purchasing apartments in Germany. Where are the distinctions between a home and an apartment? Well, it depends on what a person requires. Some people find an apartment to be ideal, while others prefer a villa or a larger home. When thinking about purchasing real estate, the following considerations are vital. Price An apartment is less expensive than a villa or a bungalow, so there. The total cost must take into account all fees associated with financing the flat. You'll be able to understand how much finance you'll require and the interest rate you'll be paying as a result. In recent years, the cost of real estate has risen significantly in Germany. T...

BUYING A PROPERTY ON LEASEHOLD (ERBPACHT)

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  You should think about purchasing a home on a leasehold basis if you're wanting to buy a home in Germany. Well, it can be a lot less expensive than conventional home buying. However, you should be aware that a lease has an expiration date and that you do not thereafter own the property. I do have many inquiries regarding this, so I'd want to address those in this piece. What is Erbpacht? Erbpacht or Leasehold primarily refers to a situation where the owner of the land or plot grants another person the right to erect and maintain a building on the property. Ground rent, sometimes known as a hereditary lease, is paid to the landowner and is currently between 2% and 4% of the plot's worth. A ground lease typically lasts between 50 and 99 years or several decades. During this time, the plot's owner continues to be the owner of the plot, while the ground leaseholder is the owner of the completed building. The owner of the ground lease will be responsible ...
  German Mortgage: What non-residents and foreign investors should know   Obtaining a mortgage symbolises one of life's most significant opportunities: the benefit of investing in real estate or purchasing a home. Purchasing a buy-to-let property or your own home in Germany is a wise investment for a variety of reasons. For starters, Germany is one of Europe's safe havens for cash, and the country's real estate market is known for its steadiness. A mortgage, on the other hand, is one of the most important loans that most people will ever incur. All of the important information that non-residents and international investors need to know when taking out a German mortgage may be found here.   You'll also see an example of an annuity mortgage computation for a non-German resident who used a house loan to fund his property. If you are a foreigner seeking a German mortgage, the information in this post will assist you. We will go over the peculiarities of German mortgage mark...