Apartments in Germany

Germany (officially the Federal Republic of Germany) is a country in Central Europe, consisting of 16 federal states. It is the country with the largest population and the highest level of economy in the European Union, a member of the EU and NATO.

The climate is temperate seasonal. Winters in the country are mild and summers are generally cool, although temperatures can exceed 30°C.

The country has the fourth largest economy in the world in terms of GDP and the fifth largest in terms of purchasing power parity, a technological leader in many industries. It is the second largest exporter in the world and the third largest importer of goods. The country has achieved a very high standard of living and has a comprehensive social security system.

Benefits of living and investing in Germany:

•  strong and dynamic economy;
•  stable political position;
•  transparent legislative framework;
•  constant growth of the market and the steadily high growth in housing prices (there has not been a significant decline, let alone a collapse in prices for many years);
•  a wide range of housing options;
•  stable income from renting out (residents of Germany more often rent housing than buy property, so apartments are never empty and have high profitability in the long term).

How to profitably buy an apartment in Germany: offers on the market

Investing in resale real estate is the most popular and reliable form of investment in the German economy for personal or commercial purposes. Demand for housing is several times higher than supply, and low mortgage rates further stimulate it. From a financial point of view, investing in order to rent out an apartment is also a promising option, as this guarantees the investor up to 6% income, depending on the type of object and region.

The German resale market is very diverse: there is a wide selection of quality apartments (luxury, studios, one-room, etc.). Housing that is being sold in Germany is of high quality, and social infrastructure is well developed in all regions. A feature of the German market is the lack of binding to the capital of the country. Each of the 16 lands has its own capital and promising features of the economy.

Market analysts say about the investment attractiveness of such cities as Berlin, Munich and Frankfurt. Foreigners prefer to purchase liquid objects in large cities. Luxury apartments are in great demand in numerous resorts in Germany. The following cities are considered cost-effective to live in: Munich, Frankfurt am Main, Düsseldorf and Stuttgart.

Website for buying and selling apartments in Germany

The GEOLN.COM website with a user-friendly search interface helps investors find and buy apartments in Germany inexpensively. You can quickly and easily select an apartment according to the required parameters without intermediaries and use the advice of specialists. The catalog contains verified objects of the city, which are placed on the site by homeowners on their own.

 The cost of housing in Germany

The cost of an apartment in Germany depends on its location, area, condition (repair), year of construction, availability of infrastructure and communications nearby. Prices vary on average from 1,000 to 3,000 euros per square meter. The most expensive apartments in Munich, some of the cheapest are in Essen and Dortmund. Approximate price of an apartment in Germany in different cities (per sq.m.):

•  Dortmund - 1790 euros;
•  Essen - 1790 euros;
•  Leipzig - 2250 euros;
•  Cologne - 3520 euros;
•  Berlin - 4110 euros;
•  Dusseldorf - 4250 euros;
•  Stuttgart - 4350 euros;
•  Frankfurt am Main - 4490 euros;
•  Hamburg - 4820 euros;
•  Munich - 7190 euros.

In the east of Germany, prices for secondary housing are lower than in other regions, here you can find inexpensive two-room and three-room apartments.

How to buy an apartment in Germany: the nuances of investing

There are no restrictions on buying an apartment in Germany for foreigners. The buying process is completely transparent. The owner of secondary real estate receives a stable income, and his investments are protected by the state. Foreign buyers can also count on receiving a bank mortgage loan, installment plan, as well as citizens of the country. The loan rate is about 3% per annum, which is several times lower than in the CIS countries. However, it should be remembered that in order to open a loan in order to invest in the secondary market in Germany, the value of the object must be from 200 thousand euros and more.

Before buying (especially remotely), we recommend not only viewing the photo of the selected object, but also reading the reviews of the residents of the house. We suggest that you seek qualified assistance from specialists to minimize risks and losses. GEOLN experts carry out a high-quality selection of an apartment from the owners according to individual parameters. The purchase and sale of apartments in Germany is accompanied by professionals who provide the preparation of the necessary documents, the complex execution of transactions.

Buying a home in Germany is a profitable investment that provides income and the opportunity to live in an EU country that is a symbol of European stability and a high standard of living, with a stable political situation and a favorable economic environment.