buying a property in Germany

There are several steps that are involved in buying a property in Germany, and it is important to be careful about which ones to avoid. If you want to buy a property in this country, it is better to consult an experienced lawyer in this regard and get help from your lawyer. In this case, you can be sure that the process is completely legal and you can count on the return on your investment(Profit). Also, European countries generally have a lot of tax laws that the buyer is required to comply with. As mentioned above, buying a property in this country does not lead to getting a residence permit in Germany itself, but you can get a long-term tourist visa and travel to Germany. The general steps of buying a property in this country are as follows:

• First, a draft contract must be prepared by the seller that includes the value of the property, how to pay, and the amount of the down payment. If this draft is approved by the buyer, he must deposit 10% of the costs of the property as an prepayment to the notary’s account.
• At this stage, the buyer has about 4 weeks to pay the property tax. The amount of tax varies from city to city and is about 3 to 7 percent of the value of the property.
• In the last stage, a contract is concluded and signed between the buyer and the seller.
• Buying an apartment in Hamburg, Germany

Hamburg is one of the port cities of Germany, which is also known as the second largest city in this country. This tourist city with its maritime climate attracts many tourists every year. This can increase the profitability of short-term rental property for investors in this country. It is good to know that the cost of living for a family of four in this city, excluding the renting price, is around € 2,800 per month and around € 800 per person. On average, the price per square meter of a property in the city center is estimated at 6,187.82 euros and outside of the city at 3,921.65 euros.

• Buying a house in Berlin, Germany

Berlin is the capital of Germany. It is the largest and the most populous city in Germany. Berlin has a historical and cultural valuable heritage and is one of the most important cities in Europe. Various industries play an important role in the city’s economy, including mechanics and automotive industry, civil engineering and construction, hotel management, transportation, biotechnology and more. The cost of living in Berlin without the costs of renting is around € 770 per month and the cost of living for a family of four is € 2,661. The average price of per square meter of an apartment in the city center is € 5,915.67 and outside of the city is € 3,819.23.

The prices of houses in Germany

In Germany, as in all countries of the world, including our own country Iran, the price of houses depends on the region and area. Of course, property prices vary from city to city. Prices in large and important cities such as Munich, Frankfurt, Berlin, etc. are much higher than in small and sparsely populated cities. Generally, it can be said that the costs of buying a property in Germany is the same as in countries such as the United States, France or the United Kingdom. The average price of properties in this country is about 3,386.31 Euros per square meter. The price increases to 5,844.44 euros in Berlin and 9,937.50 in Munich.

• The prices of houses in Frankfurt

Frankfurt is the fifth largest city in Germany and one of the most important cities in this country and one of the richest centers in Europe. Property prices vary in different parts of the city, and if you are planning to buy a property in the city center, you should definitely pay more. According to available statistics, for buying one square meter in the city center it costs 6,423.53 euros and outside of the city it costs 4,258.82 euros.

• The price of shops in Germany

There are many types of shops and commercial properties in Germany, from small shops such as supermarkets to commercial spaces that are defined as gas stations or small and large malls. Generally, it can be said that the price of commercial spaces starts from 800 thousand Euros and can reach up to 10 million Euros, depending on the size and area.

• Prices of agricultural land in Germany

Many characteristics will affect the price of agricultural land in Germany, including the area of the land, soil type, irrigation facilities and the property on which it is located. In this country, the lowest prices are found in the eastern parts, which is about 10,000 euros per hectare, and the highest prices are in the western parts, which are more than 60,000 euros per hectare.

• The price of a villa in Germany

The quality of construction and the area in which the villa is located will have a direct impact on its price. On average, it can be said that villas and yards will generally cost between 300,000 to 5 million euros.