Documents of the contract of sale: What do I need?

Here we have summarized step by step the structure of a sales contract for a condominium.

Part 1: Master data buyer and seller

First of all, the master data of the buyer and the seller, which should be listed first on every contract. Here should be noted in any case the full name, address and date of birth of both sides.

• Master data buyer and seller

Part 2: Master data of the property

The apartment being purchased should also be described in detail in the purchase agreement. The data of the apartment, such as address and number of the housing unit, also includes the land register sheet number or the extract from the land register.

• Master data of the property
• Land register excerpt

Part 3: Purchase price of the property

Next, the purchase price of your apartment including all additional costs must be listed, as well as the day by which the payment must be received at the latest, i.e. the payment deadline.

• Purchase price and payment term

Part 4: Tenant data

If you are buying your apartment as an investment, you should add the leases of the future tenants both to the documentation for the bank and as the next page of the lease.

What else is listed:

• Tenant data / Tenant list (as attachment)
• Current status of tenancies
• Deposits paid by tenants
• Confirmation: No rent arrears

Part 5: Promises of the seller

It is important for you as a buyer to have listed in the lease agreement all previously verbally agreed commitments of the seller. This includes, for example, renovation work in the apartment or similar.

Should be listed:

• Representations of the seller

Part 6: Billing and costs

You have finally decided to rent out your apartment. To do this, you also need the tenant’s statements of account and the cost claims of the residents’ contributions.

Accounting

If the economic transfer takes place before the middle of the year, the settlement must be taken over by the seller. If it takes place after the middle of the year, you as the buyer must take care of the settlement.

• Before mid-year: Seller
• After mid-year: Buyer

Costs

The costs of the adjoining owners must also be taken into account and listed. Separation is made from the moment of transfer of the apartment. Costs incurred before the transfer are borne by the seller. All costs thereafter must be borne by the buyer.

• Separation from the date of transition
• Before transition: Seller
• After transition: Buyer

What else is there to do?

If you are already a little deeper into the subject, you should definitely know that you should separate items of an apartment. Separate things such as outdoor facilities, garages, fitted kitchens, but also furniture taken over, which reduces land transfer tax. In addition, an assignment of claims against craftsmen should be made. If you have already received the documents from your bank before the notary appointment, you should also have the land charge documents ready.

What else should be in the lease?

• Separate items
• Assignment of claims against craftsmen
• Land charge documents

The first step: types of real estate

The first own property, but in which type of real estate should I invest best? This question is often asked by young investors and this is exactly where we have the answers for you! Whether it’s a house, apartment building, condominium, special real estate or commercial real estate, we have put together a comparison of all types of real estate. With this guide, you’ll find the easiest entry into the real estate world. Besides the profitable sides, the real estate industry also holds some risks for you. In order to keep these as low as possible, we have put together a guide to buying your first property!

Commercial audit: criteria of a property

Before buying a property should be checked in any case. The commercial examination is based on the data with which one can compare real estates, like the rent yield and the purchase price factor, own use or capital investment or in which situation one should buy. For the examination one should absolutely make a checklist with all negative points, in order to be able to sort out better.

Audit for capital investors

The commercial audit is particularly concerned with the existing rental agreements if you buy an apartment unrented or rented. This point is particularly interesting for capital investors, because if you are buying for your own use, then you should rather invest in an unrented property.

The test in steps:

1. Lease contracts check
2. Rent arrears and rent increase
3. Non-allocable costs
4. Reserves and arrears

Step 1: Checking leases

Operating costs can be passed on to the tenant, which you should definitely check in an existing lease.

• Is it possible to pass on all current operating costs to the tenant?
• Is there a deposit?
• Are there any special features in the lease agreement?

Step 2: Rent arrears or rent increase

These peculiarities occur when it was agreed that tenants must return the apartment renovated when moving out.

• Are there any outstanding rent arrears?
• Are there active rent reductions?
• When was the last rent increase?

Step 3: Non-allocable costs

Here one should carry out a quick market analysis for comparative rents. If the building in which you invest in an apartment has an elevator, you should be careful. An elevator must be repaired or maintained every few years. These high costs usually have to be borne by the tenant and cannot be passed on to the tenant.

• Are non-apportionable costs expected?

Step 4: Reserves and arrears

For this purpose, it is essential to check the maintenance reserve of the condominium association on the basis of the last statement of condominium fees, as well as the amount of the total amount of condominium fee arrears. If there are individual condominium owners who have been in arrears for more than four months, then the probability of a default is high. Accordingly, special assessments may be the consequence.

• How much is the maintenance reserve of the homeowners’ association (WEG)?
• Are there any house money arrears of the WEG?
• Has the collection of resolutions been reviewed?

The next step: operating costs in the house

You want to buy an apartment, but the operating costs are too high for you? There is a solution! The operating costs of a property, such as a condominium, can be apportioned to the tenant. But which of these operating costs can be apportioned and what do you have to pay yourself as a landlord? Read all about the operating costs of your next property here!

Social binding: What is it anyway?

For housing construction, social binding means that low-cost housing is subsidized by public funds. This means that there are low-interest loans or subsidies for investors in exchange for committing to affordable rents. The catch? Only people with a housing entitlement certificate are allowed to rent these apartments.

• Affordable housing through public funding
• Very good conditions for loans or grants
• Rent for persons with a certificate of eligibility for housing

Rebinding

Buyers are tied to social housing until the public loans have been repaid. However, due to the post-commitment period, one has to wait 10 more years after repayment until the social commitment ends.

• Commitment to social housing until loan is repaid

Limited rent

The cost rent slows down the maximum rental price of the apartments. The housing construction is therefore price-linked, which guarantees that only the cost rent can be demanded from the tenants. The rent may be increased in this period only every 3 years, according to the consumer price index.

• Maximum rental price limited by “cost rent

Social bond summarized

Here again everything you need to know about social binding!

• Affordable housing through public funding
• Very good conditions for loans or grants
• Obligation to rent to low-income persons
• Maximum rental price limited by “cost rent
• Post-commitment period ends only 10 years after full repayment of public loans

The next step: equity

Regardless of whether it is for personal use or as a capital investment, the first thing to think about for any type of real estate is the financing. Here, equity capital is an important topic, from the use of equity capital to the difference due to tax deductibility of the interest on the loan. The big question here is, how much equity do you need if you include all costs from the purchase price to the ancillary purchase costs? Here you will learn everything about financing and equity.

Tips for landlords: This is what you should know in advance!

How do you avoid vacancies, rent arrears and non-payers? What should be in a lease agreement and which service charges can you pass on to the tenant? You can find out all this and more here in our guide!

Finding the right property: Location, location, location

So if you are planning to rent out a property, the location of your property is crucial. Especially for yield properties you should look for very good B- and C-locations. In other words: Invest primarily in properties in popular major cities with good infrastructure and positive development. Properties in the suburbs, a little outside the hustle and bustle of the big cities, are also very suitable as yield properties. Living space here is often a bit cheaper than in the city and the workplace can still be reached quickly via the highway. So you can count on high demand here.

Tip: Make sure your property is in a good location to avoid vacancies

Find solvent tenants: Credit check & income certificate

To avoid future problems and stress, you must also check all prospective tenants in advance. If you select your tenants only by gut feeling and sympathy, it can come later finally so to a bad awakening – always late rent payments, in the worst case even Mietnormaden! This is why a credit check of prospective tenants is so important. Also income certificates or the Schufa self-disclosure should be obtained in advance.

So you should get these documents from the prospective tenants in advance:

• Schufa self-disclosure
• Creditworthiness check
• Income statements

Calculate ancillary costs before drawing up the rental agreement

The viewing was successful and the right tenant has been found? Great! Then all that remains is to draw up and sign the rental agreement. A typical beginner’s mistake is to underestimate the additional costs. Our tip: Think about your future service charge bill before you draw up the lease. What ancillary costs are and what they are not is defined in the Betriebskostenordnung (§ 2 BetrKV). Among other things, the following costs can be passed on to the tenant:

• Property tax
• Wastewater fee
• Elevator
• Garbage collection
• Chimney sweep
• Lighting costs

Thinking about making some repairs to your house at the end of the year? This is also part of the apportionable service charges:

Draw up a rental agreement: Individual agreements

Theoretically, verbally agreed contracts are also legally valid. However, a written rental agreement should never be waived. You can find plenty of templates for this on the Internet. Note, however, that these are only standard contracts. Individual details must be added separately. You should also pay attention to permissible formulations. Otherwise, the contract may later be deemed inadmissible and invalid. To be on the safe side, have the rental agreement checked by an expert – such as a lawyer – after it has been drawn up.

The following items (as required) should definitely be in the lease:

• Service charge settlement
• Animal husbandry
• Sublease
• Time limit of the contract
• Cleaning duties
• Cost absorption for minor repairs

Apartment handover: handover protocol

The rental contract is signed and the handover of the apartment can take place? To avoid any misunderstanding, a handover protocol should be prepared. Here the number of house or apartment keys are noted, as well as meter readings, condition of the property & Co. Also about the house rules and rent deposit can be discussed at the apartment handover.

Reduce tax burden: tax allowance & tax-reducing factors

Rental income must also be taxed, unless the rental income is below the annual tax allowance. The net cold rent is taken as the basis for this. While ancillary costs are not taken into account, the following factors can certainly have a tax-reducing effect on the tax burden:

• Interest charge of the real estate loan
• Loss of rental income insurance
• Repairs
• Advertising costs

Conclusion: This is how you rent out your property! – Checklist

So with our tips, you’ll be well prepared for renting out your property. Here again a short summary:

1. Find the right property: Invest in properties in B and C locations to avoid vacancies
2. Find solvent tenants: Check the creditworthiness of prospective tenants, for example, by means of a self-disclosure and income statements.
3. Include utility costs before drafting the lease: Think about future operating costs and set up in the lease on
4. Draw up a rental agreement: Record individual agreements & have them checked by a lawyer
5. Apartment handover: prepare handover protocol to prevent misunderstandings
6. Reduce tax burden: deduct repairs, advertising costs, etc. from taxes

House, condominium & Co: Selling real estate

The process of selling real estate depends strongly on the type of property. Depending on this, different steps and documents are necessary. In general, when selling real estate, you should always first consider whether or not you want to hire a real estate agent. Also increase and decrease in value factors should be kept in mind.

Buy and sell (external & free of charge)

Learn from the experts. You can find many, many more guide articles for free at Lukinski. Here you can learn everything you need to know about buying real estate for free. Start in general with buying real estate, go over your specific type of real estate, from apartment, to house, apartment building to buying land. Also important, everything about the purchase contract (who pays the costs?), ancillary purchase costs and saving taxes with real estate. through legal forms such as a real estate GmbH or family foundation.

However, Luxury Realtors also write new articles on selling property every week. With more specific advice pages on selling a house, selling an apartment, and multi-family house and land.

Valuation, declaration of division & important documents

Apartments are particularly popular with people starting out in their careers and young couples. They are inexpensive, also allow living in the inner city and often provide the perfect basis for the first home of one’s own. But not all apartments are the same. Whereas in big cities like Berlin and Hamburg it is mainly apartments on one floor that are in demand, fresh air lovers tend to prefer a terrace apartment. High warehouse and industrial spaces of the past are increasingly being converted into loft apartments of the modern age and are enjoying high demand due to their high walls and spacious floor plans.

The two-storey maisonette apartment and the exclusive penthouse on the top floor represent the top class of the apartments here.

Valuing an apartment: increase & decrease in value factors

One of the most important questions you have to deal with as a seller is: How much is my home actually worth? There are several factors that ultimately influence the value of your property. For a rough sales value, it is first worth taking a look at:

• Location of the apartment
• Infrastructure
• Equipment

The geographical location of the apartment, i.e. the immediate residential area, can mean an increase in value for you here and, from experience, always proves to be a good sales argument. The better the location of the apartment, the more expensive it is in terms of value. The same applies to the connection to public transport and the proximity to hospitals, cultural sites & Co.

The closer you are to public life, the more these factors add value.

In addition to such soft and hard factors that influence the value, the crime rate in the residential area is also important. Again, the principle applies. The safer, the better. However, the crime rate is not just a number, but also the feeling of safety. Thus, this factor can be defined as a ‘mixed factor’ in housing valuation.

Renovations and modernizations in particular are value-enhancing:

Calculate purchase price: Criteria for determining the value

Now that you know roughly which factors influence the housing valuation, let’s go into a little more detail. In the second step, you must now look at the other criteria in determining your property value:

1. Year of manufacture
2. Living floor
3. Number and size of rooms
4. Balcony, terrace and winter gardens
5. Common property

Due to the inferior building fabric at the time, owners of apartments from the 1960s and 70s must unfortunately reckon with a price discount today. However, those who own a refurbished old apartment (built before 1945) or a modern new-build apartment can rather look forward to an increased construction value.

Lofts and penthouses also sell more quickly than ground floor apartments due to their popularity. For these, there is often a reduction in sales value of up to 30%. Converted attics and lifts to the top floor are also considered to increase value.

-30% for ground floor apartments

In addition to the size and number of rooms, extras such as balconies, terraces and conservatories are also decisive in determining the value. Depending on the design and the number of square metres, these can be taken into account as additional living space. Common property in the form of well-maintained outdoor facilities, staircases and lifts can also have a positive effect on the sales value as part of a community of owners.

• Read more: Sell apartment

The most expensive cities for condominium in Germany – Ranking

Whether you’re selling your home or looking for a condo as a buyer. It’s always good to be familiar with the current real estate market across Germany. This chart gives you an overview of the cities in Germany with the most expensive condos.

Documents for housing valuation

The following documents are important for determining the exact value of your home:

1. Land register excerpt
2. Declaration of division
3. Floor plan
4. Minutes of the owners’ meeting
5. Housing allowance statement for the last three years
6. Overview of the maintenance reserve
7. Proof of insurance
8. Energy certificate
9. If applicable, a copy of the rental contract, if your apartment is rented out.

House & apartment forms at a glance: List

In the real estate market, there are a lot of different types of construction. Both in the field of apartment and houses, there are many forms and types according to which a property is designed. These are divided into different formats. We have clearly listed some of the most common house and apartment types for you here. You can find more information about the respective property type in the corresponding article by clicking on the corresponding link.

House types at a glance: From bungalow to prefabricated house

Here you will find a list with an overview of all common house types. The linked article provides you with more information about the respective house form, introduces you to peculiarities and definitions and you also learn which house type is suitable for whom and why. In addition, we introduce you to the advantages and disadvantages of the respective house form in the associated articles.

• Bungalow
• Semi-detached house
• Single-family house
• Half-timbered house
• Holiday home / weekend house
• Beach house
• Prefabricated house
• Country house
• Massive house
• Terraced house
• Villa
• Low-energy house
• Zero-energy house
• Passive House

Overview of apartment types: Old building apartment to basement

The housing market is highly competitive and there are many different types of housing that come with certain characteristics. In the corresponding articles you will find definitions and information about the respective type of apartment, as well as a list of potential advantages and disadvantages of the corresponding apartment.

• Old apartment
• Apartment
• Attic apartment
• Granny flat
• Apartment
• Loft
• Maisonette apartment
• Penthouse
• Basement apartment
• Terrace apartment

Selling a house: taxes, costs & selling process

Single-family homes are among the preferred properties of Germans in almost all federal states. As the name suggests, they are occupied by a family, a couple or a single person. Single-family homes come in all shapes, colours and types – from the modern city villa to the romantic solid house with garden to the environmentally friendly efficiency house.

Off Market Deals: Selling luxury real estate thanks to independent acquisition

If your property is in the higher price ranges, then it’s worth thinking about selling it off market. Off market means that the sale does not take place publicly, but is sold internally. Public figures in particular, such as celebrities, politicians and many an aristocrat, prefer this type of acquisition. Whether you want to sell your house with or without an agent is up to you. The only important thing here is a good network. Ideally, you should use a broker who also specializes in off-market and thus has a large network of potential buyers.

Selling a house without an estate agent: Ultimate checklist

Many start out thinking that they need to rely on a realtor for their home sale. However, this is not always the case. Even alone, it is quite possible to successfuly sell his house and also brings some advantages with it. So that you can estimate but already times, what comes with a brokerless acquisition on you, here is already times an overview for you:

1. Determination of the sales price by valuation
2. Exposé – or advertisement creation
3. Compilation of necessary documents
4. Development of a sales strategy
5. Contacting interested parties
6. Organisation and realisation of the viewing appointments
7. Drafting of the sales contract
8. Perception of the notary appointment

House valuation: market value, net asset value & Co.

The house valuation is ultimately used to calculate the purchase price. Of course, before you take the next steps to sell your property, you need to set this price. Several factors play a big role in your property valuation. These include, for example, micro and macro facilities, background noise, location and outlook.

In this context, there is also talk of a market value and a net asset value of your house, which is included in the house valuation. The former is the price that is calculated at several points in time by various criteria, while the net asset value is influenced by the production costs of the property and the standard land value.

Keep an eye on ancillary purchase costs: Inheritance tax & notary fees

Often incidental purchase costs are also incurred when selling a house. These are usually borne by the buyer. While the transfer in the land register and the notary fees are paid by both parties, in the event of an inheritance, inheritance tax is also due. This depends, among other things, on the individual tax-free amount. Don’t forget that these regulations differ from state to state.

Whereas in Schleswig-Holstein these additional costs can amount to up to 15% of the sales price, in Bavaria they are only around 10%.

Another tip: If there is still an unpaid loan on the house, it is worth negotiating with the buyer about a loan assumption. Here it is worthwhile to get the opinion of an expert again.

Also bear in mind that for owner-occupied property there is a two-year period during which you do not have to pay tax on the profit from the sale. This means that there must be at least two years between the notarisation dates for the purchase and sale.

The most important documents & contracts at a glance

Your decision to sell your house has been made. The checklist for the house purchase is ready and you have also already determined the selling price. Now you just have to put together all the important documents.

1. Floor plans
2. Site plan
3. Land register excerpt
4. Fire Insurance Certificate
5. Overview of additional costs
6. Listing of all renovation work
7. Photos
8. Current energy certificate
9. The indication of the living space
10. Any existing leases
11. If there is more than one owner, indication of the ownership structure
12. A detailed object description

Attention with existing leases

If your house, or at least part of it, is rented out, you need to factor that into the sale. You can still sell your property, but you must be able to justify this. Even if renovation or demolition work is the reason for selling the house, this must be explained to the tenant.

• You can find out more under Selling a House

Ultimate price comparison: This is how much a house costs in German cities – Statistics

The prices for apartments, houses & Co. vary considerably in the Federal Republic of Germany. Here are some general statistics on the purchase prices of detached single-family homes. Purchase prices in Bremen, Rostock, Erfurt and Leipzig tend to be lower. Cities such as Cologne, Berlin and Hamburg are in the midfield in terms of price. At the top of the most expensive purchase prices here is the Bavarian capital Munich.

Apartment building: rental agreements, sales price & Co.

Since the sale of an apartment building is still a house sale, the process here is similar. However, since there are multiple parties involved, there are a few extra steps. You’ll need to keep these in mind when planning the sale process, of course. As always, ideally you will already have a follow-on property in mind and have already thought about the selling price of your apartment building.

Questions to ask yourself: tenant, prepayment penalty & right of first refusal.

Here’s an overview of the most important things you need to think about ahead of time to avoid any nasty surprises when you sell.

1. Do you have a follow-on property lined up?
2. Is there a need for renovation / refurbishment of the house?
3. Do you have all the necessary documents, such as declaration of partition, building insurance, minutes of the owners’ meeting, utility bills, list of rents, etc.?
4. Are early repayment penalties payable?
5. Do you have an overview of the maintenance costs?
6. Are you planning to sell inventory with it?
7. Is there a right of first refusal?
8. What’s your take on home valuation?

Valuation of a multi-family house: procedure & costs

The subject is complex. Micro and macro factors naturally play an important role in determining the sales price. Of course, this also includes the location, comparable properties, building fabric, etc. The method used to determine the value depends on the type of property. In general, however, the following rule applies: a purchase price must always be well-founded, market-oriented and realistic. There are a total of five procedures for this:

1. Comparative value method
2. Capitalised earnings method
3. Real value method
4. Residual procedure
5. Determination of the mortgage lending value

Of course, the price is not calculated directly down to the last cent. The final purchase price will follow at a later date and is based primarily on the estimated value of your house. In principle, you can remember that the valuation of a property under 150,000 euros will cost about 1,500 euros. If your property is valued at over 1 million euros, it will eventually cost 3,000 euros.

For the calculation, a rough valuation is carried out first. The price for the final valuation is therefore based, in most cases, on the estimated value of the property to be valued.

Material value and market value influence the sales price

The valuation and the final sales price can differ, as already explained. For the final price determination, not only the asset value is decisive, but also the market value. The asset value tells you what the objective value of your house is, in terms of year of construction, equipment, building fabric, etc. The market value (often referred to as the fair market value) is the value of the property. The market value (often also called fair market value) is the one to which the sales price is related. Factors relevant to the environment and factors specific to the market are related here. When demand is high and offers are low, the market value is now usually higher than the asset value.

Tip: Renovations and modernizations increase value

Especially when selling an apartment building, it is also worth considering renovations and modernizations. These always have a value-increasing effect. For example, damp patches on the walls and mould should now be removed. Damaged parquet and old window frames also make a significant difference. Always make sure that any damage is repaired. Otherwise, in the worst case, a sale can also be reversed due to cover-up.

If you also want to sell your indoor and outdoor furniture, this is also a value increasing factor:

Documents for the determination of the market value

So that you know which documents are important here in the determination of the market value, we have an overview for you:

• Land register excerpt
• Construction plans, floor plans, sections
• Building specification
• Site plan and cadastral map
• Living space calculation
• Energy certificate

In the case of condominium ownership, you will also need the following documents:

• Minutes of the last three owners’ meetings
• Business plan
• Declaration of division (land register)
• Housing benefit statement

If necessary, you also need for income properties:

• Operating costs
• Rent statements
• Rental agreements

To be seen with rights and encumbrances:

• Notarial deeds
• Special entries (rights of way, residential rights, etc.)

Property prices in the most popular cities in Germany

To choose one’s place of residence freely – that is what many people wish for. But where to then is the question? The individual states and cities of the Federal Republic all bring their own charm and advantages with them. Ideally, you want to be able to find a job quickly, the property should be in the budget and a stable infrastructure is also very close to the hearts of most people. To help you decide on your next home, we have city maps and square meter prices for Berlin, Hamburg and Munich for you.

Berlin: German capital popular with investors

As the capital of the Federal Republic of Germany, it is the hub of European politics. The seat of government can be found here, as well as a multitude of historical monuments. The job market has also been stable for years: there is hardly any other European city where so many start-ups are founded as in Berlin. Different cultures, religions and influences come together here and thus make up the Berlin flair. Another plus:

Berlin enjoys ever-increasing popularity with real estate investors

City map: Pankow, Lichtenberg, Marzahn & Co.

The German capital Berlin consists of 12 boroughs and 96 districts. Moreover, the city offers a lot of variety due to its rich history and role as the capital of the Federal Republic of Germany and is popular not only with non-European tourists, but also with the younger generation.

Prices per square metre: From Hellersdorf to Berlin Mitte

You can expect to pay just under €2,100 per square metre in the Hellersdorf district of Berlin. The most expensive areas, on the other hand, are in Berlin Mitte and Dahlem. Here is the overview:

• Hellersdorf: 2,100 euros per square metre
• Hohenschönhausen, Reinickendorf, Spandau, Tempelhof & Marzahn: 2,500 – 3,000 euros per square metre
• Berlin Mitte and Dahlem: 6,000 euros per square metre

Here you can see the real estate prices for Berlin in the development from 2005 to 2020.

Hamburg: Hanseatic city attracts young people in particular

While Berlin counts as a hub of politics, Hamburg occupies an important economic position for Germany. The Speicherstadt is well connected with other European countries, which is also reflected in the diverse range of gastronomy. Eta 110,000 new citizens have called the Elbe metropolis their new home since last year. Due to the economic situation of the Hanseatic city and the exclusive residential areas, high earners and investors are also regularly attracted here.

City map: Altona, Bergedorf, Wandsbek & Co.

Hamburg consists of seven districts or neighborhoods:

• Altona
• Bergedorf
• Middle
• Harburg
• Eimsbüttel
• North
• Wandsbek

From romantic villas on the Elbe to modern apartments in the city center, Hamburg leaves nothing to be desired and offers something for everyone. No wonder that the Hanseatic city is becoming increasingly popular, especially among students and young professionals. Here you can see a rough overview of the city:

Prices per square metre: Condominiums on the Alster are gaining in value

South of the Elbe you will find rather reasonable prices (approx. 2,500 euros per square metre), whereas top prices starting at 7,500 euros per square metre can be found mainly on the Alster and in the luxurious areas of the Elbe.

Here you can see the real estate prices for Hamburg in the development from 2008 to 2020.

Munich: Highest billionaire density in the Federal Republic of Germany

Due to the quality of life in the Bavarian capital, Munich is also on the list of Germany’s top cities. The traditional architecture, combined with the metropolitan flair and the typical Bavarian coziness enjoys great popularity, especially among Germany’s billionaires and global entrepreneurs.

City map: Small districts with a high quality of life

Munich consists of 29 districts and 25 boroughs. The three most popular districts of the Bavarian capital are characterised above all by their high quality of life and are therefore the most popular with apartment hunters:

• Neuhausen-Nymphenburg
• Trudering-Riem
• Schwabing West

Here’s the map again:

Prices per square metre: Munich is the most expensive city in Germany

Munich is known to be home to the largest number of billionaires in the Federal Republic. So it’s not surprising that the purchase price of a single Munich condominium is twice as expensive as anywhere else.

Here you can see the real estate prices for Munich in comparison to the real estate prices in the whole of Germany.

Tax structuring when selling real estate: owner-occupation & state subsidies

How to save taxes when selling real estate? The problem: Many owners fall into the tax trap here and pay money unnecessarily. The solution: tax structuring. Real estate investor and tax coach Alex Fischer regularly gives tips for sellers on YouTube as well as on his blog.

Tip: Costs of the real estate agent tax deductible

In parts, this is also possible. Anyone who buys a new property after selling it can now deduct the brokerage costs for tax purposes. But only if the house or apartment is subsequently rented out. In the case of owner-occupancy, the linear deduction of the fees is unfortunately not possible.

Also deductible: brokerage fees incurred in finding a tenant.

Real estate purchase and renting for beginners and professionals

Buying a property and thus using it as an investment is something that many people are now doing, regardless of whether it’s a penthouse, apartment, maisonette, villa, terraced house or bungalow. To use his purchased property not only for personal use, but to rent out the property is a long-term project. This is best approached with the right preparations and negotiations. In order to make your first profit, it is important to be well informed to avoid mistakes. We try to give you the first knowledge and get you started in the real estate world.

Tip! Overview Real Estate XXL

The world of real estate is complex and multifaceted. If you want to keep an overview and avoid making mistakes, you should prepare well and clarify as many open questions as possible in good time. No matter whether you want to build, buy and rent out a property or live in it yourself, or even use a property as an investment to generate passive income: The preparation is the A&O. Here you will find articles, as well as book and video tips with successful and helpful books and videos on the subject of real estate – including tips and tricks from professionals and experts.

• Book & Video Tips Overview: Real Estate

Renting out a property: first steps

You have bought a property and now want to rent it out, or you are planning to use a property as an investment. But you still have no idea how to go about it and what factors to consider? In the following videos you will find the most important answers to your first questions about buying and renting out property.

Buying and renting your first home: Advice and tips

You are about to buy your first apartment, but you are still unsure what to consider here? The area of buying an apartment may sound daunting, especially for beginners, but with the right advice and one or two insider tips, you can venture into the real estate world.

Renting out real estate the right way: Everything about rental contract, equipment and the right rental price

You want to rent out a property? Here are important factors such as the determination of the rent. In this 9-step guide, you’ll find out how to determine the rent and how best to draw up a rental contract.

Real estate purchase and management: effort and work

When buying real estate, you invest not only money, but also time. You can see here how much work and effort is behind the real estate business.

Financing and return on investment

Owning and renting a property is one thing, but how do you keep track of financing and calculate your potential return? In these videos you will find information about financing, yield and income.

Buying and renting real estate: calculating rental yields

Here you will learn how to invest wisely in an apartment, house or other property to buy and rent, by calculating the rental yield and all the pitfalls around renting, buying and living.

Real estate calculation: Calculation of return and cash flow

When buying a property, many costs must be considered. In order to properly use real estate as an investment, it is important to know the right real estate ratios and to calculate them correctly. But what are the key figures? Cash flow, gross rental yield, net rental yield or just the return on equity? In this video, we talk about the topic of “return on investment explained simply” and show you what return real estate can really bring you.

Buy and let a new building: Investment

Is a new building really worthwhile as an investment? How much profit can be made on an investment? The experts are available to answer your questions on this topic!

Second or more real estate!?

Why should you buy a second property after your first? And when is the right time to buy another? In this video you will get 6 answers why you should have several rented properties.

Errors, risks and problems

When buying a property or even as a property owner, you can make many mistakes and always come across new or even already known problems. In these videos you will learn which are the most common mistakes and problems when renting out a property and how you can best prevent them. You will also learn how to recognise and correctly assess potential risks.

Real estate leasing: risks and problems

The real estate market is a highly competitive market and certainly not without risk. Even if at first glance real estate is perfect as an investment, there are always difficulties with rent losses and vacancies. You have bought a property as an investment and your tenant does not pay anymore? You don’t know how to find the right tenant for your investment property to save you the trouble of non-payers? Tips and tricks for these cases, there are in this video:

Real estate purchase: preparation, recommendations and error prevention

Are you about to buy a property and don’t want to make any mistakes? When buying a house or apartment, it is easy to fall into traps and make a loss instead of a profit. The video shows you how to avoid these traps and become a successful homeowner:

Further tips on the subject of real estate

You already own a property and are looking for more information about real estate topics such as real estate agents, selling real estate, real estate as an investment or capital investment or much more? Then take a look at our articles with book and video tips on these topics. For example, below you will find links to the topics of real estate agents and real estate financing.

Real estate agent: tips and tricks from experts

You notice how your interest and know-how in the field of real estate is growing and are thinking about making the real estate business your profession? You can find explanatory videos on the training and everyday work of a real estate agent here:

• Real Estate Agent Videos
• Real estate agent books

Real estate financing

You want to buy a property as an investment, but you don’t know how to finance the whole thing. This is the case for many beginners and private individuals and they all have to face the same questions and problems. We have compiled book and video tips for you on the subject of real estate financing.

• Real Estate Financing Book Tips
• Real Estate Financing Videos

Overview Real Estate XXL: Investment & Co.

Here you get back to the overview of book and video recommendations on the subject of real estate in Germany. Investment cases, capital investment, passive income, house or apartment buy and rent and much more is explained to you here by experts and understandable. In this XXL guide you will find information and articles on the most diverse questions on the subject of real estate.

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