1. What are the additional costs for buying a property in Berlin?
In addition to the purchase price of your property you`ll have the following costs:
All these costs are appearing only once, when buying the property .
2. How will my Berlin property be managed?
Berlin has a very strong rental market with around 85% of the population being renters, there are many management companies and this gives the opportunity of making a Berlin buy to let investment a viable option. A Management company should be appointed to manage your Berlin property and ensure total hands off investment. The management company will provide a complete service, including sourcing new tenants, collecting rents and prepare annual accounts. The normal charge for this service may vary from €20-35 per apartment per month.
For our clients we also offer this service.
We shall also attend you after your real estate investment. Renovation, rental, organization, correspondence with authorities or tenants – our assistance will be granted individually.
3. Can i get financing in Germany?
Yes, you can. For more informations please click here
4. Do I have to pay tax in Germany?
The German tax system distinguishes between non-resident and resident individuals. Non-resident individuals are subject to limited tax liability in Germany if they earn income in Germany from:
A double taxation convention between the investor’s country of residence and Germany may lead to partial or total exemption from German tax.
For more detailed information, we are happy to provide you with the contact details of a tax advisor who speaks your native language. Please contact us.
We know that there might be many more questions, because investing in a foreign country is different and most of our clients have this feeling at the beginning.
The easiest way to get this sorted is to personally contact one of our team members.
We are looking forward to assisting you.