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Investing in Germany Real Estate
Long term overseas property investments will benefit from buying into the German property market.Recently the property investment in Germany has made the top 20 European countries as one of the most profitable, in terms of ROI says:"A place in the sun"
Germany - average property price is £96,000 and a £100,000 property investment could be worth £361,000 in 10 years.
Commissions in Germany are typically paid by the seller and range from 3% to 5% of the gross value of the transaction. There is also a 2.5% registration fee which is paid by the purchaser when the certificate of title is registered in the Book of Land Titles.
This book is called a Grundbuch. A notary (attorney) is required to register a title. German real estate federal association: http://www.vdm.de/
Licensing of real estate practitioners is not required in Germany.
A real estate broker, referred to as "Immobilere Makler", however must be registered with a credit reporting agency (Auskunftei) and listed in the commercial register (Handelregister).
