Real estate guide
The place to go for your questions on the subject of real estate
In hardly any other city is there as much talk about real estate as in Munich. Unfortunately, however, there are more half-truths than really well-founded information about prices, valuations, purchase contracts, financing and renting real estate.
RIEDEL's experts will help you to answer your questions about real estate in Munich in a competent and fact-based manner.
Is new construction generally more expensive than a used property?
If only the price per m² of living space is taken into account, new buildings can be up to 50 % more expensive than existing properties.What ancillary costs must be expected when buying real estate?
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.How much equity do I need to buy a home?
The exact amount of equity to be contributed depends on the financial and income situation of the potential buyer as well as the location and risk profile of the property.What are the arguments in favour of buying a new-build property?
The buyer can often incorporate his or her own ideas regarding the interior and room design.What does the building specification of a new building regulate?
When purchasing a newly built property, a building description is attached to the certified purchase contract as an essential part.If I am buying from a developer, can I put in my own work?
Most property developers largely exclude the purchaser's own contribution, as delimitation problems arise with regard to warranty and defect removal claims.What initial amortization do you recommend for real estate loans?
The amount of repayment determines the total term of the financing.Is real estate financing still possible when you are over 50?
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.What is meant by a land register?
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.What is a "ground lease" anyway?
The "hereditary lease" is prohibited by law in Germany today. Colloquially, however, the "Erbbaurecht" is often referred to as "Erbpacht". Read on to find out everything you need to know about "hereditary leasehold".What is meant by a "sole mandate"?
In German brokerage law, a broker's sole commission is a contract that defines an exclusive contractual relationship between a broker and the client. Read everything important on the subject of "sole commission" here.What do you need to consider when buying income property?
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 is certainly not sufficient. Learn about the necessary assessment steps here.What is meant by standard land value?
The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are usually published every two years.
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