Benefits of buying a house in Germany

Germany's mentality is a little different. Renting is a popular alternative. Even if they can afford to buy a house in Germany, I know many people who rent. Many of them are simply pleased to rent, and they pay such low rent since they have been renting the same house for a long time. Furthermore, I believe that many Germans dislike taking risks. Taking out a substantial loan to buy a house in Germany is considered risky for them.

In fact, the homeownership percentage in Germany is just under 50%. It has one of the lowest rates in the European Union. However, the ratio is rising as a result of the low-interest rate.

Low-interest rate

The European Central Bank's interest rate has been extraordinarily low and consistent for numerous years. It means you may get a bank mortgage for as little as 1% to 2% interest. As a result, investing in real estate is preferable to leaving your money in a bank account where you will earn almost no income.

Stability

When you are renting a flat in Germany at a low rate right now, you never know what will happen. Someone I know has been renting their apartment for quite some time. Their landlord planned to recover the flat at some point and move there himself. They had been paying cheap rent for years because the landlord had not drastically raised the rent. They were unable to find another flat with such inexpensive rent after they moved out.

You have more control

When you own your home, you have a lot more say over how it should look. You can, for example, make structural changes such as adding an extra room; having as many pets as you want; selecting the style of floor or heating you want, and so on.

In our case, we began from the ground up. So we chose our floor tiles, went with an open kitchen, installed extra doors in front of the stairway due to the presence of small children and animals, and created a spacious bathroom... In essence, we built our home to match our personal needs.

Good and stable investment

Unlike other investments such as stocks, the value of the real estate does not fluctuate as much. Furthermore, if you sell your house after ten years, you will not have to pay the 25% capital gains tax. As a result, buying a house in Germany is a wise long-term investment.

contact us if you are looking to buy a property in germany

 

Comments

Post a Comment

Popular posts from this blog

RENTING IN GERMANY – A DETAILED 2022 GUIDE

Image
  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...
Read more

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

Image
  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...
Read more

15 POINTS TO HELP YOU FIND A FLAT IN BERLIN

Image
  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...
Read more