Are you planning to move to Germany and wondering whether you can buy a property there, as a foreigner, then the answer is yes. You will get numerous benefits from buying a house in Germany on both the personal and financial front. Whatever your nationality may be, you can buy a house in Germany if you qualify for the mortgage. The German housing market is different as only 43% of the people own properties while other people rent them. Rental laws in Germany are consumer-friendly and most Germans live in rented flats throughout their lives. People who own houses in this country don’t do it as an investment but to make it their family home. Hiring top law firms Germany can help you with all the legal aspects of the purchase. The housing market of the country is quite competitive, but it is not difficult to find a house to buy as a foreigner. You will require patience to perform research as there are several factors to consider like the location of the house, condition, costs, and size of the property.
When buying real estate in Hungary or Germany be prepared for some extra expenses like property acquisition tax and registration fees. Your lawyers can also help you find properties to buy or you can go through real estate websites or agents. They will also help you with property valuation so that you don’t pay more price as an ex-pat. If you are looking for a qualified and experienced lawyer, then look for the best one in the field of real estate so that there are no problems when buying a property in Hungary or Germany. It is advisable to have an in-depth conversation with your lawyer about what you require along with your budget. They will also help you with the pre-approval of the mortgage. Make sure to visit the property during the daylight and take a close look at the basic structure of the house and the technical side. A law firm will help you with all the contracts and documentation when buying a property. They will check the entire purchase contract before the notary appointment as they will proofread it before you sign it.
As an ex-pat, you might also face difficulty with the language, but a legal representative can draft the contract in the local language so that you have no problem later. You can ask your queries in English as they are experts with knowledge of different languages. They will help you sign the purchase contract, get notarization on the contract, get entered as an owner in the land registry, and in paying the property acquisition tax. When you plan to buy a property in Germany, you will require a mortgage or hypothek. For this, you don’t have to be a German resident and there are several banks that offer the mortgage. Major properties in Germany are usually available through real estate agents but they come with a fat commission fee, so try to find a property through an online property portal. Once you have found a property you can make an offer through your legal counselor like Gurcan Partners who are experts in the field.
When buying real estate in Hungary or Germany be prepared for some extra expenses like property acquisition tax and registration fees. Your lawyers can also help you find properties to buy or you can go through real estate websites or agents. They will also help you with property valuation so that you don’t pay more price as an ex-pat. If you are looking for a qualified and experienced lawyer, then look for the best one in the field of real estate so that there are no problems when buying a property in Hungary or Germany. It is advisable to have an in-depth conversation with your lawyer about what you require along with your budget. They will also help you with the pre-approval of the mortgage. Make sure to visit the property during the daylight and take a close look at the basic structure of the house and the technical side. A law firm will help you with all the contracts and documentation when buying a property. They will check the entire purchase contract before the notary appointment as they will proofread it before you sign it.
