Light-flooded 3-room apartment with spacious south-facing garden in quiet location

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

When buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.

Excellent market knowledge is essential for the valuation of single-family homes. In Germany, an owner-occupied single-family house is generally valued using the asset value method (§§ 21-23 ImmoWertV).

This depends, among other things, on the value of the property in conjunction with the tax allowances. Consultation with a tax advisor or accountant with corresponding costs is advisable.

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