Located in the heart of the old continent, German is forced from 16 states and is known for having the largest national economy in Europe and one of the largest in the world. With an exciting and rich history described by old-fashioned and colorful architecture, castles, palaces, cathedrals and monuments, its landscape, mountains and forests, delicious food, and beer.
German Property Market
Since the financial crash, house prices in Germany have risen significantly, and have now reached the point that some commentators have warned of the possibility of bubbles emerging in major cities.
For example, property consultant Knight Frank claimed that prices in Berlin rose by a fifth (20.5%) in 2017, making it the world’s fastest-growing city market.
This does not mean that you should be turned away from buying a house, as some places remain affordable. Data published by the German consumer organization Stiftung Warntest in 2017 showed that buyers in Magdeburg and Cottbus could buy a 130-square-meter family home for € 200,000, but for the same money, they had to buy a small two-room in Cologne. Buy a house or Dusseldorf. The apartment will be found.
Renting in Germany
Renting is very popular in Germany, with more than half of Germans living in rented accommodation. It is most common in major cities, particularly in Berlin with a homeownership rate of only 15%. Data from the Global Property Guide gives average rent and yields in 120 squared meter homes in three major cities:
- Munich: € 2,250 a month, 2.9% yield
- Berlin: € 1,500 a month, yield 3%
- Frankfurt: € 1,500 a month, yield 3.7%
Can foreigners buy German property?
There is no restriction for foreigners buying a property in Germany. You can buy property in Germany even if you are a non-resident and not an EU national.
Choosing a property
Germans generally expect to buy a property and live in it for extended periods of life, so it is important to take time when making your decision and not quickly. Business can be less in lucrative or competitive areas, so in an ideal world, you should give yourself a year or more to find and buy the right German property.
Homes in Germany have to meet certain minimum legal requirements regarding roofs, windows, heating, and other utilities. You should be given some information about this before purchasing, but there is no guarantee that you will not get the full picture. Keeping this in mind, it makes sense to pay for a thorough structural survey; This will underline any problems with the house.
Buy a German property
Expect to spend a significant period in house hunting, but once a property is found the deal may take just one month to complete. The steps are as follows:
- Examine the mortgage and get the offer in principle.
- Find a suitable property.
- A proposal.
- The notary will prepare the sales contract.
- Finalize the mortgage.
- Sign the contract.
- The notary registers the sale.
- Four weeks later, you will have to pay property sales tax.
Some Interesting facts about Germany
In this article, we have listed some things that are very well known to Germany and some interesting facts about how they are known, and what makes them interesting.
Beer
Of course, beer is first. Have you ever tried to think what a German looks like, and have not seen him holding a huge beer mug in his hand! German is the second-largest beer consumer in Europe after Czech.
It is estimated that the average German consumes about 140 liters of beer per year. The Germans not only like to drink beer, but they also like to drink it. There are around 1300 German breweries and 5000 brew brands that produce about 115 hectares of beer per year. It is estimated that if you decide to taste another different type of beer every day in Germany, you will need 15 years to taste them all.
Football
Germany’s national football team remains one of football’s strongest teams, having won a total of four World Cups to date. Like beer, football is a very strong feature with which Germany is identified.
Some of today’s most famous football players are Germany’s Miroslav Klaus, Tony Kroz, Manuel Neuer, and Mesut Ozil, who play for teams such as Real Madrid, Bayern Munich, and Arsenal.
Palaces
The medieval palace and the palace built by the European nobility are some of the most important buildings in the history of German architecture. It is estimated that there are about 25 thousand palaces in the whole country. The difference between palaces and palaces is that the first was built for defense in battle, while the second was built as a residence for the wealthy nobles of the time.
Carnival and Festivals
Carnival and festivals in Germany are a blissful time of year in which entire cities are involved in all parties and colorful celebrations. Carnival has a long history in the carnival, whereas today they are celebrated by street parades of people wearing costumes and masks. Various types of carnival and festivals celebrate all kinds of life and enjoyment.
Cars
If you know a little bit about cars, then you should know that some of the most popular car manufacturers are from Germany in the form of Audi, Volkswagen, BMW, and Mercedes-Benz. It even has car museums and factory tours for car enthusiasts. Streamlined roads in Germany provide a great experience for drivers, making them love their cars even more.
Free education
Unlike other countries, in which you will need to spend a fortune on education, education in Germany is also free for international people. And we are not talking about primary and secondary education, because higher education, public colleges, and universities are independent.
There are still graduates from these institutions and some of the best-known leaders, artists, and scientists graduate not only in Germany but also in the world.