Buying a house: commission-free and private

How to buy a house without a broker in Germany

Even before the outbreak of the so-called financial crisis, the proportion of private owners of shares and real estate in Germany was comparatively low in European comparison. However, with the massive price collapses and bank failures of recent years, not only the Germans themselves, but increasingly also foreign investors have come back to the long-term security of the local "concrete gold". Thus the acquisition of terraced houses or single-family dwellings does not promise perhaps the exorbitant net yield, which were possible still until few years ago with usually quite risky speculations at the stock exchange also for inexperienced investors, for it bricks and masonry offer however for potential owner-occupiers like landlords equally in the long term relative reliability before unpleasant surprises in things depreciation. In addition, almost all observers and experts on the German real estate market are forecasting plenty of scope for upward movement in the future.Inview of similar developments in Paris, Rome, London and Moscow, prices for houses in urban areas and metropolitan regions in Germany in particular are far more likely to rise steadily in the foreseeable future than to fall sharply all of a sudden.

West and East and City and Country: The exact location is decisive when buying a house

Accordingly, the largest German cities of Berlin, Hamburg, Cologne, Frankfurt am Main and Munich in particular are benefiting from the increased demand outlined above; since 2010 alone, prices for house purchases in these regions have risen by up to 25 percent in some cases. Nationwide, depending on the exact location, exact year of construction and degree of furnishing, increases of up to a good eight percent have been recorded on average. With exception of some outliers upward as for example the mondänen municipality Kampen on Sylt, where the square meter can cost already times easily over 12,000 euro, applies however at present in principle the rule of thumb that real estates in the rural area are up-to-date still by far more favorable than in the cities. So far, this still applies specifically to the surrounding areas of eastern German cities, although it is precisely in these areas that the respective economic infrastructure and also increasingly attractive leisure opportunities are very important. While prices in the centers of Leipzig, Dresden, Magdeburg, Rostock, Erfurt and Jena, for example, are rising slowly but steadily, one can still make a bargain or two in their surroundings just a few kilometers outside.

Who can and wants to buy a house now, should not wait too much longer

So buying a house in Germany is still a financially manageable task, even for normal earners, compared to the rest of Central and Western Europe. Also a German real estate bubble feared in the meantime by some skeptics, as it happened for instance with partly catastrophic effects in Spain, seems rather improbable in view of the far more stable and less speculative real estate market in this country in the coming years according to respectable estimates. Nevertheless, in recent years there has been and continues to be some movement in the German market, which until recently was comparatively almost immobile. No longer only almost exclusively domestic home prospective customers determine the price development between alps and North Sea, increasingly also the desires of international investors are waked, which make themselves medium to long-term quite not completely unjustified hopes on higher profits and net yield particularly for real estates in also otherwise economically shining Germany. But also private German investors count in view of nearly country widely rising rent prices with profit possibilities with the purchase of a not or initially not privately used house, in connection with relatively low interest rates the acquisition of a real estate pays off in the long run in any case.

How much can I afford if I want to buy a house in Germany?

This German mortgage calculator is a recommended tool for determining the best mortgage options for property purchases by evaluating financial aspects such as purchase price, equity, monthly payments, and fixed interest periods, while also considering location and real estate commission to provide precise calculations and opportunities for personalized financing offers or consultations.

Short facts Real estate/house buying in Germany:

- Real estate is increasingly being rediscovered as a safe investment
- In Germany, increases in value can still be realized in all likelihood
- Particularly in the metropolitan areas, prices for houses are rising
- In the countryside and in eastern Germany, prices are still low
- Foreign investors have discovered the stable German market
- There is currently no reason to fear a German real estate bubble.