Real estate purchase

Prices for vacation apartments in the Alpine region, particularly in Switzerland, rose by 7% last year. Top prices were achieved in Engadin/St. Moritz, Flims/Laax and Gstaad. This is reported by nnz.ch, which cites a study by the major bank UBS. This development can be attributed to the coronavirus pandemic and the second-home initiative, which has limited the number of...

The "Home Ownership for Families" (WEF) funding program from the Federal Ministry of Building (BMWSB) was launched at the beginning of June. The aim of the support program is to make it easier for families with low and medium incomes to dream of owning their own home. Families can obtain low-interest loans from financing partners, such as their house bank or savings bank. The reduced-interest...

Buyers of existing apartments can save an average of at least 25 percent of the purchase price in 9 out of 14 major cities surveyed. Prerequisite: They do not buy an existing apartment in the city itself, but in the surrounding area and accept a commute of up to one hour to the city. This is the result of an Immowelt analysis. In Hamburg, this can even save up to...

In North Rhine-Westphalia, private property buyers who have purchased a house, a condominium or a plot of land this year or would like to do so can benefit from a reduction of up to 10,000 euros in real estate transfer tax. However, the prerequisites for this are that they use the property themselves, that it has not cost more than 500,000 euros and that it is registered with NRW.Bank...

Builders should plan for ancillary building costs in their project. The portal "bauen.de" points this out and lists the relevant costs. Among other things, ancillary building costs are incurred in relation to the purchase of land, financing and development. However, the costs for the architect, surveying, the building application, insurance and corresponding construction site work...

How long do singles and couples have to save up for property transfer tax in order to realize their dream of owning their own home? This question was investigated by the information service of the German Economic Institute (iwd). The result is that couples who want to buy a detached house have to set aside 5.5 months' income for property transfer tax. For singles who want to buy a condominium...

Is it cheaper to buy a property in the suburbs and commute to work in the metropolis? The Hamburg Institute of International Economics (HWWI) investigated this question on behalf of Postbank. It compares the seven largest cities in Germany - Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart and Düsseldorf - with each other. The study shows after how many years...