Spacious detached house from 1935

There are three standardised methods for determining the value of real estate in Germany: the comparative value method, the capitalised earnings value method and the asset value method. The aim of the valuation is to determine the market value of the property.

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

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.

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.

This depends on the income situation as well as on the amount of equity capital invested in order to enable an extensive debt relief until retirement age.