Property in Germany can be purchased as a private, and a legal person. Foreigners without any restrictions can be purchased as a residential and commercial real estate.
Any real estate in Germany must be registered in the registry of property (Grundbuch), where you can get complete information about who owns the property, what is its cost, the exact area of land and buildings, as well as possible debts from the owners.
The buyer's name issued the document, which later assigned its own serial number, record number, leaf volume for inclusion in the registry.
Sell a property can only by the owner or a person designated by them and having a power of attorney certified by a notary. As a rule, the right to sell trusts lawyer.
Owning real estate in Germany does not give the right to permanent residence.
Obtaining a residence permit is not associated with the acquisition of real estate, but ownership of it is a strong argument for considering an application from the authorities, as it proves the applicant's financial independence. The question of obtaining a residence permit is solved individually poryadke.Vozmozhny options (opening businesses, participation in investment projects, etc.).
The process of buying real estate in Germany. The full procedure for buying property and its registration to the new owner takes about
2-3 months.
Legal implementation of the deal go through five stages:
1.Posle select client object and a decision on buying it, draw up a contract of sale, which, in particular, sets out the conditions and form of payment.
2.Podpisanie contract is a notary public, protecting the interests of both parties. In signing the sales contract or immediately after the signing of a buyer makes a notary deposit in cash or through bank.Ostavshayasya part of the value of an object can be made within 28 days of a special bank account controlled only by a notary.
3.Notariusom opened a special bank account which will continue to be paid for property acquisition.
The notary will check the purchased object to the existence of debts or any other commitments also pays for brokerage Provision (commission broker) and costs associated with entering into the Land Register.
4.After the signing of a bilateral agreement with a notary and a 100% pay deal, the buyer becomes the owner acquired the object.
5.Notarius sends the documents to Grundbuchamt (Office for the registration of real estate) and within two months, the buyer gets an extract from the Book of registering property.
Please note: cash payments occur through an account controlled by the notary and the seller gets their money after the buyer acquired the property right
 Additional costs to the project cost should be added the following expenses.
Tax on acquired property - 3.5% of the value of the object specified in the notarized sale contract.
Brokerage Provision -% of the purchase price (in each federal states of Germany are different rates of brokerage for provisions. Range from 3 to 5%, services firms mediator).
Notary fees and registration fees - 1% of the value of the object specified in the notarized sale contract
In Germany, your overhead expenses fall within 10%  Expenditure on the real estate Cost of real estate depends on the type, location and area of land
Annual property taxes combined with a land tax, and 0,5-1,5% of its value, on average, 50-100 euros per hundred square meters of land on which the object is.
The cost of property insurance varies depending on the type of insurance and is 200 - 500 € / year.
The main types of utility fees (charged if the facility is operated):
■ Electricity - 0,15 € / kWh.
■ Gas heating - 0,06 / kWh.
■ Water - 2,73 € / cbm
■ Garbage collection, cleaning and other services -1,50 - 2,00 € / sqm
If the property is leased, the cost of its maintenance and utilities paid by the tenant.
Utility bills are paid, if the facility is operated
Banks. Credits. When buying real estate in Germany, you can use a mortgage loan.
Before granting a loan, the bank opened a special savings account to which a few years are regular deductions from your paycheck. So check the candidates ability to pay. After the examination on reliability delivered, you can count on a sum covering 80% of project cost of purchase. After its introduction, it is possible to enter into a new house, but the property remains the property of the bank until full payment of the debt. Credit is given for up to 25 years, approximately at 5-7% per annum
Mortgages in Germany is invited to any home - whether it be new development or secondary housing. " Apartment or house must be in stock! At the unfinished housing - not bad examples, Germany takes over - the mortgage was given. Like do not take money for it. Maximum repayment period - 36 years. A minimum? In principle, this does not exist. Received an inheritance, lottery win - makes all the money and live in his pleasure. It is important here, who are eligible for a mortgage, that is, a family's income is considered safe for the bank. The official figure - at least 50 thousand euros per year (gross - before deductions).
Information on this is provided over the past three years. This takes into account everything: award, benefits, premiums for after-hour job.
50,000 - purely formal requirement. Sometimes you can negotiate with the bank and to a smaller amount of total revenue. The whole point is who handles the bank. If they are people with regular income, working in state enterprises, they will be happy to go forward, even if the total family income is less formal.
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Buying property - Germany