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Here's a short introduction to our Buying property section for Germany.Should I rent or buy a home?' is one of the most common question expats ask upon arriving in Germany. The answer depends on several factors, including how long you plan to stay in Germany, the current property market and the cost of an expat mortgage.
International mortgages
In this Expatica article, an expert in international mortgages states: “One of the major effects of the credit crunch in Europe has been the willingness of banks to lend mortgages at affordable terms and rates… Of course, in terms of prices, property is just an asset class like any other investment, and over time we will see cycles of high growth and times of declining prices.” So be sure to research the property market and local interest rates for international mortgages in Germany.
The good news is that Germany's economy is in recovery, as the Financial Times reports 27 January 2011 'Economists see Europe’s largest economy growing about 2.5 per cent this year."
As advised in Expatica article, Buying a home in Germany, especially if you don’t speak the local language, it is worth seeking professional advice on your expat mortgage details and building permits. You can search for English-speaking mortgage advisors and estate agents in Expatica’s A-Z listings under the Financial & Banking and Housing categories.
Buying a home in Germany
Once you have made your decision, you will need to find a suitable expat home or apartment. Identifying a trustworthy and experienced local estate agent early in the process is advisable.
Advantages and disadvantages of buying a home
An Expatica housing survey shows that expats across Europe believe the advantages of home ownership include long-term investment, building up capital and the freedom to renovate one's home.
The survey also showed that expats, when taking out mortgages and buying homes, experienced problems such as complicated administrative procedures, high taxes and legal fees, incompetent real estate agents, high prices and a lack of public records for house-price comparison.
Selling your house
Last, if you are selling and moving on, articles such as ‘How to prepare your house for sale’ can prove invaluable.
Expatica housing poll
Expatica 2011
We'd to have your feedback! Take part in Expatica's annual survey to win 1 of the 10 Amazon vouchers!
Note: This annual survey will take about 10 minutes and will help us improve Expatica for the coming years. You will stand a chance to win one of the ten EUR 25 Amazon vouchers, one of the five "i am not a tourist" T-shirts, and one of the twenty bike seat covers.
Very nice post you've got here!
Dean
http://r.evie.ws/view-review/get-paid-to-buy-houses
One of the most important point is Always do research. You can never do enough research. A lot of people dive into the property market head first and blind folded, and that’s when people make bad purchases. If you like a property, find out about the surrounding area; find out the local crime rate, find out how much properties in the area recently sold for. Find out EVERYTHING.
http://www.american-apartment-owners-association.org/
If you are looking to move to Germany talk to us we can find you a cheap apartment to buy if your only staying a year or so , or a proper home if your planning on a permanent move . We deal in auction property , and we cover all of Germany even though our shop is near leipzig . E mail me colin at Sales@germanhouses.co.uk or go to the website www.germanhouses.co.uk
The Immobilien trade in Germany is apalling! They make money at 3 to 4 percent from both the buyer and the seller. Their greed and third rate service make me furious. The Notar involved represents both the buyer and the seller - how on earth can I trust such a system. In whose interest is the notar acting? The Notar dealing with my house purchase made mistakes, these mistakes came to light when I hired another Notar preparing my Testament. I am disappointed and angry at german inefficient costly service. I feel I have been taken for a ride and now I dont trust the Germans with any professional service.
Very nice post you've got here!
Dean
http://r.evie.ws/view-review/get-paid-to-buy-houses
One of the most important point is Always do research. You can never do enough research. A lot of people dive into the property market head first and blind folded, and that’s when people make bad purchases. If you like a property, find out about the surrounding area; find out the local crime rate, find out how much properties in the area recently sold for. Find out EVERYTHING.
http://www.american-apartment-owners-association.org/
If you are looking to move to Germany talk to us we can find you a cheap apartment to buy if your only staying a year or so , or a proper home if your planning on a permanent move . We deal in auction property , and we cover all of Germany even though our shop is near leipzig . E mail me colin at Sales@germanhouses.co.uk or go to the website www.germanhouses.co.uk
The Immobilien trade in Germany is apalling! They make money at 3 to 4 percent from both the buyer and the seller. Their greed and third rate service make me furious. The Notar involved represents both the buyer and the seller - how on earth can I trust such a system. In whose interest is the notar acting? The Notar dealing with my house purchase made mistakes, these mistakes came to light when I hired another Notar preparing my Testament. I am disappointed and angry at german inefficient costly service. I feel I have been taken for a ride and now I dont trust the Germans with any professional service.
Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German permit system.
In part one of our two part series, we cover the driving culture in Berlin, where to park and buy gas and, most importantly, the laws.
Our comprehensive guide includes information on how to find work, recruitment agencies, employment contracts and labour law.
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