Detached single family house

Land and rights equivalent to land (e.g. heritable building rights) are a delimited part of the earth's surface (§ 905 BGB) and are registered in the land register.

The amount of repayment determines the total term of the financing.

The buyer can often incorporate his or her own ideas regarding the interior and room design.

When purchasing a newly built property, a building description is attached to the certified purchase contract as an essential part.

The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are generally published every two years. These averaged prices apply to average plots of land in a defined area with a specific development potential at a given point in time.