Facility Management A residential building in Germany consists of owners with different apartments under one legal entity called ‘apartment building’ (Mietshaus). The German law stipulates that maintenance of the building has to be handled by a professional property management company to safeguard appropriate maintenance and administration in the long term. The most important issue in
Similar as in other places such as Tokyo for example, the property purchase price is not the only expense for the buyer but additional fees and various charges have to be taken into account, e.g. brokerage, purchase tax, VAT, legal fees, renovation costs, etc. However, these expenses vary depending on the country and on the
Funding by applying for mortgage A foreign investor who seeks to acquire real estate in Germany can easily apply for a loan or mortgage. Over 11 banking institutions are available for this purpose. In fact, this is the most convenient and efficient way to buy an apartment for investment purposes. The banking system in Germany is
From a blackwater town on the outskirts of the Roman Empire to the Heart of the magnificent German Empire through the Third Reich who aspired to make Berlin the capital of “Germany, the World”; from the period of the communist wall to rehabilitation during the years following the global economic crisis; from complete destruction during
To date, thanks to liberalizing reforms in the Berlin real estate market, there are 1.8 million apartments of which 340,000 are owned by the government who controls the rent levels or alternatively pays the rent of the indigent population. As a result, only 13 % of the city’s residents own a home and the rest
In the year 2000, a decade after the fall of the Berlin wall and the historic reunification between the two parts of the country (the capitalist West and the communist East), the German government put into effect a great number of reforms, among them a comprehensive reform of taxation. The goal was to improve the
The fall of the wall was one of the most significant turning points in Berlin’s history. Thanks to this event, Berlin became the vibrant and blooming Metropolis it is today. Evidently, this did not happen overnight. It has taken the German Government many years and investment of billions of euros to bring the city back
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