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Germany

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Property Buying Information

The process for buying property in Germany is relatively straight forward and is not much different to what one would encounter in the UK. Once a property has been decided upon a trusted local lawyer should be employed to help with all dealings/translations and the like. After a deposit of around ten percent is paid, a contract is drawn up by the estate agent and once checked by the lawyer the signing is carried out by the buyer and seller. Once this is complete, the documents are notarised and all outstanding fees are paid. Once the sale has been finalised the property must be signed over to the new owner by the local land registry.

Fees include applicable lawyer, estate agent and notary fees, usually coming to around five or six percent of the total cost. Other taxes and costs may be incurred on top of these charges.

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