Berlin, Germany is one of the easiest cities in the world to own a flat. In most countries, properties are not bought for life but Germans buy them for a lifetime. That is why there are fewer market fluctuations in the real estate sector in the country ; however, demand for good houses remains high. Demand depends on the location. Places that have a sound infrastructure in terms of transport, business, and educational institutions fetching more clientele. When looking to purchase a property in Germany the location is the main consideration.
Facilities relating to the acquisition of apartments
In Berlin, the capital city of Germany, foreigners are welcome to purchase flats. The country has no legal restrictions for foreigners interested in buying properties. The non-EU citizens are welcome to buy property to settle in or as an investment. With the average rent skyrocketing for flats in Berlin, it is easier to buy an apartment. There are more than 200 apartments for sale in the city. Most of these are located in the most sought-after locations like Kreuzberg, Berlin Mitte, Prenzlauer Berg, Wilmersdorf, Steglitz, Charlottenburg, Neukölln, Friedrichshain, Schöneberg, Wedding, and Moabit. All these are prime areas that can fetch rent up to 839 Euros a month for an apartment with space of less than 40 square meters.
House-hunting can be a horrendous and time-consuming activity. Newspaper adverts in most cases don’t give all the information you may require either for you to make a sound decision. In most cases, you are left with a single option of making an appointment with an agent to access properties for sale. Alternatively, there are many websites with property listings where you will find flats for sale. The websites include full addresses and maps for ease of finding the said locations.
Reputable real estate websites include with details such as area, size, amenities, energy performance, price, floor, apartment number, number of bedrooms, and bathrooms. Other details included are whether the apartment is occupied or not. You can see listings here. That is important because it gives you the status of the property. If there is a brokerage fee required, it will also be included. It is your individual responsibility to get accurate information regarding your property of interest. The information provided about the apartment or the entire property is usually based on information provided by the sellers. There could be errors and inaccuracy, which could lead to losses.
When you find the right apartment, you will be prompted to fill in the property information request so that you can get more information regarding the apartment. You will also be scheduled for viewing. Most of the real estate agents speak German but if you are a foreigner, you will be scheduled an English-speaking agent to assist you with the viewing.
After viewing and you are satisfied with the apartment, inquire about the legal procedures, taxes, and fees involved. Also, top on the list items to check out before you commit your cash into purchasing a property in Berlin is about property ownership and disposal laws. For example, German law does not allow you to resell property if you have not lived in it for at least two consecutive years. If you do not live in the flat you will have to wait for 10 years to resell it. Check out any other additional information on domestic regulations for property ownership in foreign countries if you are not a citizen to smoothly acquire a flat in Berlin.a