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Showing posts from November, 2022

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 Property taxes had previously been calculated using out-of-date information, namely real estate values (also known as "standard values," or "Einheitswerte") from 1935 and 1964 (formerly, West Germany) (previous East Germany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...