Handing over the keys when buying a home: many Germans dream of owning their own home. But the additional purchase costs are often a major hurdle.
(Photo: IMAGO / Shotshop)
Frankfurt The first shock is usually not long in coming for buyers. As soon as the ink on the purchase contract for the new apartment is dry, the tax authorities are at the door of the new property owner – the real estate transfer tax is due. Federal Economics Minister Christian Lindner has now called for the complete abolition of this real estate transfer tax for owner-occupied residential properties. Because the additional purchase costs are a considerable hurdle for buyers: Including broker and notary costs, they quickly add up to five-digit sums when buying an apartment or house.
But the differences between the individual federal states are clear. While the average brokerage fees are the same by region, the tax rates for real estate purchases vary widely. Many buyers are not free to choose their location, but those who choose to cross national borders can save significantly.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further