With various measures, buyers can reduce the ancillary costs under certain circumstances. Whether these are successful, however, is decided on a case-by-case basis.
(Photo: dpa)
Frankfurt Anyone who buys a property in Germany has to dig deeper and deeper into their pockets. In the first half of 2021, the price per square meter for condominiums was 3748 euros – 15 percent more than in the previous year, shows the market report by real estate broker Engel & Völkers. Houses rose in price by almost 13 percent.
No wonder buyers are looking for ways to save. One of them: the ancillary purchase costs, which should be estimated at ten to eleven percent of the purchase price. These include real estate transfer tax (five percent of the purchase costs on average across Germany), the broker’s commission, which is around 3.75 percent, and the transfer of the land register, for which buyers pay a further 1.5 to two percent of the purchase price, as well as the costs of the notary.
“You don’t even need to negotiate with a notary,” advises fee advisor and consumer advocate Stefan Adam. Its fees are regulated by law. But there are other tricks that can be used to reduce additional costs. An overview.
Saving option 1: Contractually separate valuable furniture
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further