Germany Houses: Sale Prices and Acquisition Terms

Germany Houses: Sale Prices and Acquisition Terms

Germany has become a popular destination for people looking to invest in a house. While there are a number of factors that go into selecting the perfect property, it is important to have a basic understanding of sale prices and acquisition terms in Germany. Here is everything you need to know about buying a house in Germany, including frequently asked questions.

Sale Prices

Germany is known for its relatively low property prices compared to other European countries like the UK and France. However, prices for houses in Germany can vary greatly depending on a number of factors such as location, size, age and condition of the property.

Generally, older and larger houses are less expensive in Germany. Furthermore, rural homes are more affordable than urban properties. You can expect to pay around €1,000-€2,500 per square meter in rural areas, while in larger cities such as Berlin or Munich, the price can be as high as €5,000 per square meter.

Acquisition Terms

The key consideration when buying a house in Germany is the acquisition process itself. There are a few basic steps to follow when buying a German property:

  1. Engage the services of a reputable real estate agent
  2. Negotiate a contract with the seller
  3. Apply for a mortgage if necessary
  4. Organize a notary appointment
  5. Register the property with the responsible land registry
  6. Transfer the money to the seller
  7. Take possession of your new house

If you’re planning on obtaining a mortgage, it is mandatory to provide 20% of the purchase price as your down payment. Also, most German lenders require you to have a good credit history and will expect you to pay a processing fee of around 1% of the loan amount.


What taxes will I pay when buying a house in Germany?

You will need to pay a real estate transfer tax of between 3.5% and 6.5% of the property’s sale price. This tax is charged by the German government and the exact percentage will depend on the state in which the property is located.

What is a notary appointment?

A notary appointment is a mandatory part of the German property buying process. It is a meeting between the buyer, the seller, and a notary public. The notary confirms the legal validity of the purchase contract and registers the property with the land registry.

Do I need a lawyer to buy a house in Germany?

While it is not compulsory, it is recommended to hire a lawyer to help you navigate the legal aspects of buying a property in Germany. Your lawyer will advise you on the terms of the contract and ensure that your interests are protected.

What is the typical closing time for a house in Germany?

The average time it takes to close on a house in Germany is around two to three months. It can take longer if any issues arise during the notary appointment or if there are any delays in obtaining mortgage financing.

What are the annual costs of owning a house in Germany?

There are a number of costs associated with owning a house in Germany, including property taxes, insurance, maintenance fees, and utilities. These costs will vary depending on the location and condition of the property.

Can I get a mortgage as a non-German resident?

Yes, it is possible to get a mortgage in Germany as a non-resident. However, you will need to provide additional documentation to prove your creditworthiness.


Buying a house in Germany can seem daunting, but with the right guidance and understanding of the acquisition process, it can be a rewarding investment. Be sure to do your research, work with a reputable real estate agent and lawyer, and be mindful of the costs associated with owning a property in Germany. With the right approach, buying a house in Germany can be the perfect way to start a new chapter in your life.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *