House rentals in Germany can be a challenging task for most of the people looking for a rented apartment in Germany. There are a lot of things one needs to take in consideration before they decide to take a place on rent. However, if you manage to tap on the key aspects of renting, find a budget friendly apartment and have the necessary documentation sorted, you are good to go. This article will help you master all the information you need to find a house in Germany.
First things first, start with understanding exactly what you want. When you have been given a huge list of options to choose from, you will be clear with what you want to shortlist and discard. Ask yourself a few important questions like whether you would want to share the apartment with a flatmate, what would be your budget like, what location are you looking for, so on and so forth. Once you have answered these questions, you are somewhere with your house renting process.
The next important step in your house renting process is getting your documentation in place. Documents are very essential because this allows your landlord to believe that you are trustworthy. You have to be ready with the documents that will be required for you to rent an apartment. Without important documents, nobody will want to give their house to you on rent so consider this as a mandate. The documents that will be required are: –
As we know, passport is one of the most important documents worldwide. While renting a house in Germany, you will need to give a copy of your passport to your landlord and your agent for security purposes.
The landlord needs some assurance that you will be able to pay the rent of the apartment each month. The bank statements and salary slips are required to prove that you have a flowing income each month and you are capable of paying your rent on time.
A guarantor is someone who will be liable to pay the rent of your apartment if you are unable to do so. The guarantor needs to sign a document stating that they take responsibility of paying all the dues if you do not pay the rent. The guarantor should normally be someone from Germany but in a few cases, even the tenant’s parents will do.
How to rent an apartment in Germany?
The options to rent an apartment in Germany are abundant. A few of them are: –
Finding an apartment on the Internet
While technology has its reach everywhere, house rentals in Germany is no different. You can rent an apartment in Germany on online portals designated for the process. You have to get on to a local portal, type your desired location and voila, you will have a number of listings where you could potentially be living. It’s just that simple!
You can also punch in your documentation online and lock the deal. From pictures of 3 storey apartments to studio apartments, you will find everything online.
You can always consult an estate agent when you’re looking for a place to rent in Germany. They get first-hand information of where you can get an apartment and at what price. While their service is the most convenient of them all, they also come at a fee. Real estate agents charge a fee if you rent an apartment through them. Their
services do not come for free but they manage everything from your documentation to your negotiation for your rented home.
Word of mouth is simply one of the best ways to let people know that you are looking for an apartment on rent. The more people you inform, the easier it will get to rent a flat. You will not have to pay a penny to an internet portal or an estate agent if you meet a landlord extending a flat to you on rent. This is the most cost efficient and the smartest way to get an apartment on rent in Germany.
Usually, when someone is on the verge of leaving an apartment, they suggest their landlords to accommodate their friends or family members who are looking for places on rent. This way, the landlord gets a tenant and a tenant gets a home without paying a thing.
The German law is more in favour of the tenant than the landlord. There is a national tenant’s association and a local tenant’s association set up where you can call and inform if you have any concerns.
A landlord can remove a tenant out of the house if the tenant fails to pay their rental dues for two months straight. However, the entire process of evicting a tenant is very slow and can take up to six months.
Initially, a few tenants were evicting their tenants every now and then in Germany in order to get their rental rates up high. They tried to increase the rentals in a very short amount of time. This is when the Government intervened and changed a few rules in cities like Berlin. Now the rentals in these cities can be increased just once a year by 20%. If your landlord is trying to increase their rentals heavily, you should immediately seek legal advice.
If you are planning to shift to Germany and have given this article a read, you are good to go! From what documents you would require to what rental laws Germany follows, this article comprises of everything! An informative gist of how house rentals work in Germany.
Read here to know more about some interesting facts about German Lives.
Germany is a hotspot for education for both domestic and foreign students. It is one of the most popular locations in all of Europe for students. Germany also has a staggering number of more than three hundred universities. These include both technical and applied sciences universities.
The universities offer courses in both German and English and some are even considered to rank well in the list of world university.
The proportion of German language institutions is significantly more than English language ones. This has not stopped students from learning German and benefiting from the cheap education offered in Germany. Compared to the rest of the world, the cost of education in German is incredibly low. One should understand about the cost of education in Germany to have a more informed decision.
The number of international students choosing to receive their higher education in Germany is rising. In 2015, China was the country sending the most students to German universities, followed closely by India and Russia. People the world over choose to come to Germany for a world-quality education at a low price. Around 12 percent of students in German universities come from foreign countries, so you will certainly not be alone.
One of the reasons that school is so inexpensive in Germany is that Germany is trying to attract foreign workers due to their labor shortages. Workers trained and educated in Germany will be a great addition to the German workforce.
University tuition fees
There are two types of universities in Germany: state sponsored or private universities. State sponsored universities are very cheap. Depending on the region, these may be free of charge. There may be an obligatory student registration fee which may cost between 100 and 500 euros depending on the intuition.The cost of education in Germany is staggeringly low, as you can see.
Even when the state sponsored universities are not free, their tuition is nominal, ranging from 200 to 1500 euros per semester. If you compare that to tuition fee costs in the United Kingdom, the United States and Canada, this is close to a fraction of the cost of universities there. So, if you’re interested in receiving a world class education without falling into debt, Germany might be a good idea for you, as it is almost that you study for free.
The price of attending a state university falls to almost half if you’re doing a second degree. If you were originally charge 1500 euros per semester for your first degree, you will be delighted to know that the price falls to 700 euros per semester for your second degree. However, there can be administrative fees involved which depends from universities and different German state. Some universities in the state of Baden Württemberg have been known to charge tuition fees.
Compared to state sponsored universities, private universities are significantly more expensive. This is because, unlike state universities, they do not get any funding from the government. They have to bear the costs of research, paying staff, and maintenance all by themselves.
The average cost of attending a private university is 20,000 euros a year. However, unlike state universities, there are many scholarships available in some private universities, so you can apply for those as well.
Other cost of education in Germany
Some German universities also offer on-campus housing. This is the cheapest form of accommodation you can get at around 200 euros per month. If you’re a student on a budget, then this might be perfect for you. As with the actual cost of education, the extra expenses are also very low.
Aside from that, the total cost of books, photocopies of lectures and other materials make up for a cost of 50 to 100 euros per semester. Again, this is very cheap compared to the rest of the world where books may cost around 1000 euros. Additionally, cafeteria services are available for students. You can get a great meal between classes for less than 3 euros. But one should always take care of the living costs in Germany.
Health care for students in Germany is also incredibly cheap. Health insurance for students in Germany is around 80 euros per month. This is much cheaper than what it would cost in the United States to add someone to health insurance coverage.
The tuition fee for university also usually includes a public transportation ticket. This enables students to travel freely around their city of choice. This enables students to breath in the culture and language of Germany, and get to know the country. Some students live in an academic bubble, but it is important to also have a life outside of school.
In addition to cheap tuition and insurance, it is also possible to receive a scholarship. Though the DAAD (German Academic Exchange Council), international students could receive enough money per month to cover living expenses. These include transportation, housing, and healthcare.
Many universities in Germany offer subsidised language programs, so you can learn German as you pursue your degree. Most degrees are standardised throughout the European Union. With your German degree, you can move freely throughout the EU to work.
With all these extra perks, the cost of education in Germany seems to be even lower overall.
To start your journey to an education in Germany, visit the DAAD website.
Cost of primary and secondary education
If you’re living in Germany with family, then you will be happy to know that state schools on a primary and secondary level are completely free. Even if you’re not in university, the cost of education is incredibly low for your children as well.
In fact, many Germans send their children to state schools specifically because of the high standards. However, the medium of education is in German. If you and your children don’t speak the language than it might not be very feasible to send your child to such a school.
Expats often prefer to send their children to international schools. This ensures a continuity of education. It also allows children to continue studying in English and also pick up German along the way.
However, international schools are expensive. On the primary level, the tuition fees can be around 15,000 euros per year. At the secondary level, it can go up to 25,000 euros each year. Furthermore, the monthly cost of a private, full day Kindergarten or Preschool maybe around 500 euros per child.
Of course, the kind of school you pick out for your child will largely depend on what you can afford. There are many quality language training centres in Germany. Both you and your child can attend these to learn German. Learning German can help make life easier in Germany for you.
Please read our article on the German school system for a better view of how your child’s life will be in Germany.
If you are an international student looking for an affordable, quality education, look no further. Germany is the country for you. Their degree will take you across the European Union, and they are affordable. You can avail the financial support from various banks or similar financial institutions in your home country.
German students are at a financial advantage, and you can be too. As you can see, the cost of education in Germany is extremely affordable for everyone. There are a lot of international students in Germany and you can always connect with them to get more information.
Your children will also benefit from a low-cost, quality education in Germany. Even the public schools are extremely high-quality, and they’re free. Everyone should take advantage of this amazing opportunity for a low-cost, quality education.
Read about how the German school system works and about the International schools in Germany so that you can find the best education for your child.
Germany is one of the most developed countries in the world, with one of the highest standards of living. In fact, compared to the rest of the EU, you will find that the living cost in Germany is actually quite reasonable. Whether you are working in Germany, settling permanently, or studying as a student, it’s a reasonable estimate to say that you will need between 850 and 1000 euros a month to cover your living expenses. You should always estimate your cost of groceries in Germany to establish your comfortable living experience.
Of course, before we move on to talk about Germany in detail, we would like to point out that the amount of money you’ll need naturally depends on your living standards and how luxurious or frugally you might prefer to live. In this article, we will provide you with a detailed account on how much you can expect to spend in monthly groceries and entertainment.
Cost of groceries in Germany
In this section we’re going to cover the general list for the cost of groceries in Germany. Do note, that this list is an overall, general price list for grocery products. You may find that in some places, like wholesale stores or farmers’ markets, certain products are available at a cheaper price. Depending on how health conscious you are or if you have particular allergies or dietary preferences, you will find that you will need somewhere between 50 and 60 euros for the cost of groceries each week.
Here’s what we included when calculating this figure.
Milk (1 litre)- 0.7 euros
Loaf of white bread- 1.2 euros
White Rice (1 kg)- 2 euros
Eggs (1 dozen)- 2 euros
Boneless Chicken (1kg)- 8 euros
Beef (1 kg)- 12 euros
Apples (1kg)- 2 euros
Banana (1kg)- 1.5 euros
Oranges (1kg)- 2 euros
Tomatoes (1kg)- 2.5 euros
Potatoes (1kg)- 1 euros
Onions (1kg)- 1 euros
Lettuce (1 head)- 1 euros
Water (1.5 liter)- 0.5 euros
Wine bottle (mid-range)- 6 euros
We took an average of four bottles for a week and 2 kg of boneless chicken to come up with an estimated cost of 52.9 euros each week. Of course, this estimate will depend on your taste as well, but this is the general cost of groceries in Germany.
Additionally, we’d like to add that a can of beer can cost around 0.5 to 2 euros depending on your preference, whether you drink imported or domestic beer and your consumption as well. In Germany, a pack of cigarettes can cost between 6 and 10 euros, depending on the brand and the place you buy it from as well. Soft drinks like Coca Cola and Pepsi cost around 2 euros per bottle and a regular cappuccino is around 2 euros.
There are plenty of options to buy your groceries from in Germany. From farmers’ markets to multinational, major grocery stores, each offer you exactly what you’ll need. Below, we’ve compiled a list of the different types of grocery stores you will find in Germany and what you can expect from them.
Where to get them
Companies such as Lidl, Netto and Aldi offer groceries at the lowest prices possible. Most of the population buys from these places. This is especially because of the weekly and weekend promotions they offer. You can save a lot of money buying from these stores. However, if you’re particularly health conscious, then we would advise that you stay away from the fruits and vegetables aisles. Since most people can simply pick out their choice fruits into bags for measurement, most of the time, the worst looking ones are left.
Avoid missing out on the daily product (that comes once in the morning only). Instead, go to a farmers’ market and pick out farm fresh fruits and vegetables for yourself.
Major grocery chains
Grocery chains such as Real and Kaufland are very much like Walmart and any other major grocery store chain. The best thing about these chain stores is that you’ll be able to find everything under one roof. From household supplies, to groceries to even cheap clothing. These stores aren’t as cheap as the wholesalers. However, they offer a larger variety and depending on your diet, you might like these better. If you care more about the cost of groceries, go to a wholesaler.
These are found in every German town and city and are usually held once a week. You can learn about the farmers’ market in your area by following them on social media. Many people prefer to buy their produce from farmers’ markets, as the fresh produce in the markets tends to run out very fast.
If you’re looking to experience the diversity offered in Germany, then look no further than these markets. There are ethnic communities all over Germany, so you will find these markets in almost every city. Here you can find staple items from these cultures which you can use in cooking delicious meals. If you’re an immigrant from these countries or even an expat who enjoys these cuisines, then visiting these markets is a good idea. They provide with groceries not available in German grocery stores and will make your move to Germany feel more like home.
Metropolitan cities in Germany are amazingly multicultural. It’s not uncommon to find Turkish, Italian, African, Asian, and much more ethnic food stores all over the country. IT’s not uncommon for ethnic grocers to sell food from their home country right next to German foods in their markets.
The word Bio is in reference to organic goods in Germany. You can find a Bio market is just about every town. In major food stores, you can usually find some bio goods as well. Bio has become so mainstream in Germany that you can buy some organic products at Aldi or any other grocer. It costs a little bit more, but those who buy Bio swear that it’s worth it to not put chemicals into your body.
Just like the United States has community-assisted agriculture programs, Germany has them too. You can become part of a CSA, and have fresh, organic, local produce delivered to you ever week for a fee. One such company providing this service is Dirk’s Biokiste.
If you’re looking for a more specific and less mainstream organic food, you’ll need to visit one of the organic supermarkets. It’s also easy in Germany to find ready-made vegetarian and vegan products. As with the organic products, the organic supermarkets will have more choice of vegan and vegetarian food.
Cost of groceries if you buy online
Now, a lot of problems that expats often face when they move to Germany is finding things they use back in their home country. These are things like a specialty sauce or a brand of jam which you may like using. While most products are available in Germany, unfortunately, you won’t find everything in the local departmental stores near your house.
In such an event, you might want to turn to specialty retailers like KaDeWe, short for Kaufhaus des Westens. It is a Berlin-based departmental store where you can find almost every brand available back in America or the United Kingdom. They also offer delivery so that’s an added bonus for you if you are very busy.
Other online stores that will give you a good deal on your cost of groceries include British Corner Shop, AmericanFood4U and Expat Mom.
You might also want to check Real and Aldi as they also offer online grocery shopping services in some German cities. This can save you loads of time and allow you to spend more time with friends and family.
Bottle return (pfand)
While exploring the streets of Berlin, you may notice a conspicuous absence of bottles. Germany has in place a very effect bottle deposit program, like the one in certain US states. The majority of glass and plastic bottles in Germany come with a small deposit that you can get when you return the bottle.
Simply store the bottles in a bag, and when you fill up a bag you return to the store and put them in a machine. The machine will spit out a receipt of how much money you get for returning the bottles. You take the receipt to the cashier and get the money. Returning bottles can help bring your cost of groceries down as you bring back bottles and get a little in return for them which you can put towards your new groceries.
This highly effective system helps keep city streets cleaner. It helps instill a sense of social responsibility and civic pride. If you leave a glass bottle out on the sidewalk, chances are it will be gone when you come back. This can surely help reduce your cost of groceries in Germany.
The German shopping cart secret
If you’ve ever been to an Aldi in the United States, you may have noticed their peculiar system of shopping carts. It’s this way in most stores in Germany. Most carts in Germany operate on a coin deposit system.
You put in a 50 cent or 1 euro coin into the handle of the cart, and then you can unbuckle the cart and take it around the store. When you’re done shopping, you bring back the cart and get your deposit back.
This system helps cut down on cart scattering in the parking lot. In the US, people like to rudely scatter their carts all around the parking lot – it is not so in Germany. People want their deposit back, so they bring the cart right back to where they found it.
Another small but important detail is bags. You must bring your own reusable bags to the store in Germany. If you don’t, you’ll have to buy your own bags when you check out. This is part of an effort by the German government to cut down on plastic bag use. If you don’t bring your own bags, the overall cost of groceries can be quite high, so bring some bags with you.
There are many great food options in Germany, even if you’re from a foreign country, but it is always better to estimate your cost of groceries in Germany. You can find the foods in Germany to make you feel right at home. They have a wide range of specialty ethnic markets, including American ones. It may also be a great idea to break out of your culinary comfort zone and sample what foods Germany has to offer. You may discover your new favourite snack is a German one. Armed with this knowledge, your next German market trip is sure to be a bountiful one.
Your accommodation can also determine your cost of groceries. Read here more about accommodation in Germany.
As an expat in Germany, you will find that the biggest chunk of your money will go into paying for housing and bills. Finding housing in Germany can be difficult, but now you will know where and how to look. German housing is not in the best of its shapes as of now. Students and expats both will find that their monthly budget for rent will be drastically different.
After all, when you’re a student, you will be looking for shared spaces, close to your university. An expat working or living in Germany might look at other factors such as proximity to work, the city centre, and more. Read through this post to determine your Gross and Net salary in Germany, which will then help you in budgeting for the best housing.
If you’re going to live with your family in Germany, you might want to find a rent able property someplace close to the children’s park or school. Of course, at the end of the day, it all depends on how much your budget is. In Germany, prices for apartments can vary from city to city as well as areas within a city.
If you’re living in Frankfurt, you might find rent near or at the city centre for somewhere between 250 and 300 euros. But in Darmstadt, such an apartment might cost around 850 euros. Find a place to rent is very difficult in big cities.
The difference in prices between cities is great and we recommend that you take all of this into account while deciding your housing in Germany. In fact, some cities such as Darmstadt are expensive because of the rents they boast. It is quite well known that most of the people rent in Germany.
Housing in Germany – Renting
When looking for an apartment in Germany, it is very important to know exactly what you’re looking for. Therefore, you will have to be very much aware of your budget. While apartments have leases for six months or even a year, you will find that you must pay for them at the beginning of each month.
Because of this, you cannot afford to overspend as you will get into serious trouble for not paying your rent on time. The rental property are dependent on various factors and one should take care of these points.
Bigger cities like Cologne and Munich are more expensive than others, but this does not mean that living there is impossible. If you have the right budget set, then you’ll find that you can easily find an apartment for yourself in almost any German city of your choice. You just need to know some basic things.
First, you will find that in Germany prices increase as you get closer to the city centre. Here’s the average monthly rent of a one-bedroom apartment at the city centre as housing in Germany in some German cities:
Aachen- 540 euros
Augsburg- 600 euros
Berlin- 795 euros
Bochum- 400 euros
Bonn- 650 euros
Bremen – 560 euros
Cologne- 700 euros
Dortmund- 500 euros
Dresden- 500 euros
Dusseldorf- 700 euros
Essen- 450 euros
Frankfurt- 870 euros
Hamburg- 850 euros
Hannover- 600 euros
Ingolstadt- 700 euros
Leipzig- 500 euros
Mainz- 670 euros
Munich- 1200 euros
Paderborn- 500 euros
Stuttgart- 800 euros
As you can clearly see from this list, prices of housing in Germany are very different across different cities, Munich having the most expensive rent. However, you will find that as you move away from the city centre, the rent starts to decrease. If you’re planning to live in Hamburg, Cologne or Berlin where the rent in the city centre is between 700 and 800 euros, it would be a better idea to look for apartments in neighbouring areas rather than the city centre.
Why? Because in Germany, prices drop drastically once you begin to move away. A one-bedroom apartment worth 800 euros in the city centre will cost only 500 euros in nearby areas. What’s more, you will find that as you move away from the city centre, you will be able to find cheap apartments that are in better condition.
In fact, if you choose to rent a housing outside the city centre area completely, you will be surprised to know that you can get quite large apartments for three people for 1000 euros. Likewise, fully furnished apartments will cost you 1500 euros which is impossible for a three-people apartment in the city centre. Therefore, as a student, we would recommend that you investigate these before making the decision to get an apartment in the city centre.
Looking for apartments
Of course, as an expat still planning their move to Germany, it might seem quite difficult for you to look up apartments for yourself in Germany. After all, normally, when you’re looking for a place, you usually visit the area and check out if it suits your needs. Even if you respond to online advertisements and use websites to look at apartments for rent, you still physically go to the area your apartment will be at one point.
You must have an idea of what you’re getting. Dealing online with something as big as finding a housing in Germany for a good price can be tricky but we’ve got you covered!
Here’s our list of some of the most reliable websites you can use to look for housings for you when you finally make the move to Germany.
These are the leading websites to look for apartments almost anywhere in Germany. Now, that you know where to go, there’s a couple of things you need to keep in mind.
Types of rentals
Like most places around the globe, there are many different types of rental agreements in Germany. Depending on your situation, you should choose one of these options.
Wohnegemeinschaft (WG, for short)
This is the most popular, short term and long term (if you’re a student or on a budget) living option that you can find in Germany. Apartments or even houses, at times, are rented out to multiple tenants, each getting their own room or sharing.
Think of the WG system as a dorm system. You must share the kitchen, bathroom, living room, and as mentioned, the bedroom sometimes as well. There are many companies that will help set you up with your roommates, so you should give them a look. The most popular one is WG-Gesucht.
To be honest, if you’re going to move to Germany, it might be a good idea to use the WG system for a while as your housing in Germany. This is because, unlike other online expeditions, it is quite easy to book a rental for yourself through this system. Many expats use the WG service as temporary lodgings before finding the ideal house for themselves.
If you can’t afford to do that, then don’t worry. Even though some WG houses are, in fact, hostels or dormitories, some companies offer great apartments for sharing as well. So, don’t miss out on them as they get filled quickly.
If you plan on living in Germany for a short while, or even if you find yourself in Germany several times a year due to work obligations, then getting a serviced apartment might be a better option for you- especially if you don’t care about the cost. Most serviced apartments are used by professionals who often find themselves in Germany for work related issues. If anything, it’s better than living in a hotel and allows you to feel at home in a foreign country.
Serviced apartments are as luxurious as hotels though with towels, entertainment equipment and more available as well. Companies like Homelike will help you look for furnished apartments for short term rentals as your housing in Germany. They particularly specialise in dealing with business travellers, so it might be worth it to give them a call.
These are better for long term (or short term if you’re a student doing a semester abroad in Germany) stay. Furnished apartments come with bare minimum furniture, perfect for students and individuals finding themselves in Germany for a new job. These are flats rented from a landlord or through a real estate agent.
You will mostly find advertisements for these kinds of flats on the websites shared above. The more expensive furnished apartments come with janitorial services as well, and the landlord pays for small maintenance jobs.
If you’re really on a budget and need a cheap, comfortable place to stay during your time in Germany then it might be a good idea to get a short-term sublet. Subletting might be a great idea for those who’re looking to emigrate to Germany. It takes time getting a new job and finding the perfect place to live. So, while you’re doing that, why not get a short-term sublet apartment as your housing in Germany?
Just make sure that the person subletting their apartment to you has agreements with the landlord. Request a copy of the original contract for safe keeping just in case and make sure that the subletting agreement has the dates of your stay and the agreed monthly rent written on it. That should keep you covered while you look for an apartment.
Documents needed to rent an apartment
It can be difficult (and frustrating) to find an apartment in a new country. After all, you have no credit history in Germany, so what will you do? Expats with no prior rental history will have to start from scratch in order to get a rental contract ready. You will need the following documents to do so:
- A copy of your identification or passport (Ausweikopie)
- Proof of no previous rental debt (from your country)
- Proof of Income (employment letter or payslip will do)
- Bank Statement
- Credit History
- A guarantee that someone else will pay your rent if you don’t (for expats, it is usually their sponsors)
Once the deal is done, you will have to give all six of these documents to your landlord so that they may draw up a contract.
Housing in Germany- Buying
If you’re planning to stay in Germany for a long time then you will find that it’s probably a good idea to buy an apartment as your housing in Germany. After all, this is quite cheaper in the long run and you’re likely to gain profit from it. Property values in Germany rises more than 5% each year, so it might be a good idea to investigate that.
The price per square meter for an apartment in the city centre is 4500 euros. It drastically drops to 3000 euros if you begin looking for a property to purchase outside of the city centre. Again, there are many factors that go into choosing an apartment to live in, so carefully make your decision.
Of course, this also depends on which city you’re planning to live in. Berlin, compared to other cities such as Munich and Stuttgart, is much cheaper. You can easily get an apartment in Berlin for 3500 euros per square meter at the city centre.
This would not be possible in other cities. The key to buying an apartment in Germany is to look. The more you look, the better prices you will get. Use Immowelt to find properties for sale in Germany. A quick Google search is also enough to help you find an apartment though you should keep several keywords in mind while you browse.
Von privat means that there is no estate agent involved. Don’t finalise any deal until you see the property though. Some properties in Germany might be very cheap but might require extensive renovations.
If you decide to work with an estate agent, then it’s a good idea to work with several. Don’t sign an exclusivity agreement with any one agent as that might hold you back as you search for housing in Germany.
Estate agents charge commission between 3 and 7 percent of the purchase price. You can request an invoice from them which they will provide, giving a detailed account of the contact between the buyer and the seller. Do note that property transfer tax is also paid by the purchaser and it can range between 3.5 to 6 percent of the price.
You also must pay the notary fee which is essentially a guarantee that the entire exchange took place under law. Don’t let any estate agent talk you into sharing the taxes and the notary fees with the seller as this can result in a very large penalty fee. It’s just not worth it.
Documents needed when buying property in Germany
The documents you will need to provide while buying a property in Germany depends on two things: your nationality, and if you are going to apply for a mortgage. Expats from other European countries will enjoy the same rights as they did in their home countries as well as the same rights as German citizens.
This makes it quite simple to buy property in Germany. Interest rates are quite reasonable, around 2 percent for 10 or 20 years. Again, you will need the following documents when buying your housing in Germany:
- A copy of your identification or passport (Ausweikopie)
- Proof of no previous rental debt (from your country)
- Proof of Income (employment letter or payslip will do)
- Bank Statement
- Credit History
- A Guarantee
In some cases, the owner might want to transfer their mortgage onto you. If you’re going to buy property in Germany, then you should definitely consult mortgage and home financing services. Here’s a few you can go to:
While it may seem intimidating to begin the process of finding a place to live in Germany, it’s not. You will quickly learn the ropes. With the right tools and resources, such as those we’ve provided in this article, you will quickly and expertly be able to find the perfect housing in Germany for you.
The number of people looking to buy a home are far less than people who want to rent. There is a housing shortage of houses or apartments for rent and this is making the German rental market also go high. People always look to rent place which have better accessibility to public transport.