Varies by state, ranging from 3.5% to 6.5% [5, 15]. Notary Fees: Approximately 1% to 2% [15, 27]. Land Registry ( Grundbucheintrag ): About 0.5% [15]. Agent Commissions ( Maklerprovision ): Up to 3.57% [15].
Banks generally require a 10% to 30% down payment, especially for non-residents [23]. Steps to Purchase buy apartment in germany
Bank statements showing sufficient equity for the down payment and closing costs [4, 5.7]. Varies by state, ranging from 3
After choosing a property, you may sign a preliminary agreement and pay a small deposit (often €1,000 to 1% of the value) [27]. Agent Commissions ( Maklerprovision ): Up to 3
A notary drafts the contract and reads it aloud in German; if you aren't fluent, an official interpreter is legally required [11, 27].
The property's floor plan, land registry extract, and the "declaration of division" ( Teilungserklärung ) for apartments [4]. Critical Considerations