A new potential for living space is emerging in densely populated cities: adding storeys to existing buildings. The portal "schoener-wohnen.de" points this out. A series of pictures shows how a 1950s apartment building in Germany was extended with two wooden cubes. Building owners benefit not only from a sustainable construction method, but also from a...
A ruling by the Federal Constitutional Court could lead to uncertainty with regard to home ownership subsidies. It has declared the Second Supplementary Budget Act 2021 null and void (2 BvF 1/22). The aim of the law was to make a credit authorization of 60 billion euros for the "Energy and Climate Fund", which was planned for 2021 but not used, available for future financial years.
The decision to purchase a vacation property should be made with caution, according to the advice of the Association of Private Builders (VPB). A vacation apartment or vacation home can be a sensible investment. Nevertheless, such a property should be examined just as carefully as the main residence so that it does not become a burden. Three central questions are...
Property buyers must note that "bought as seen" in the purchase contract means a warranty exclusion for defects. The Association of Private Builders (VPB) points this out. Old properties in particular can have various defects that buyers only notice after the purchase. However, the seller is under no obligation to point out obvious defects, such as damp walls,...
Prices for vacation apartments in the Alpine region, particularly in Switzerland, rose by 7% last year. Top prices were achieved in Engadin/St. Moritz, Flims/Laax and Gstaad. This is reported by nnz.ch, which cites a study by the major bank UBS. This development can be attributed to the coronavirus pandemic and the second-home initiative, which has limited the number of...
The "Home Ownership for Families" (WEF) funding program from the Federal Ministry of Building (BMWSB) was launched at the beginning of June. The aim of the funding program is to make it easier for families with low and medium incomes to dream of owning their own home. Families can obtain low-interest loans from financing partners, such as their house bank or savings bank. The reduced-interest...
Buyers of existing apartments can save an average of at least 25 percent of the purchase price in 9 out of 14 major cities surveyed. Prerequisite: They do not buy an existing apartment in the city itself, but in the surrounding area and accept a commute of up to one hour to the city. This is the result of an Immowelt analysis. In Hamburg, this can even save up to...
In North Rhine-Westphalia, private property buyers who have purchased a house, a condominium or a plot of land this year or would like to do so can benefit from a reduction of up to 10,000 euros in real estate transfer tax. However, the prerequisites for this are that they use the property themselves, that it has not cost more than 500,000 euros and that it is registered with NRW.Bank...
Builders should plan for ancillary building costs in their project. The portal "bauen.de" points this out and lists the relevant costs. Among other things, ancillary building costs are incurred in relation to the purchase of land, financing and development. However, the costs for the architect, surveying, the building application, insurance and corresponding construction site work...
How long do singles and couples have to save up for property transfer tax in order to realize their dream of owning their own home? This question was investigated by the information service of the German Economic Institute (iwd). The result is that couples who want to buy a detached house have to set aside 5.5 months' income for property transfer tax. For singles who want to buy a condominium...
Compare listings
CompareNotifications