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...
Is it cheaper to buy a property in the suburbs and commute to work in the metropolis? The Hamburg Institute of International Economics (HWWI) investigated this question on behalf of Postbank. It compares the seven largest cities in Germany - Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart and Düsseldorf - with each other. The study shows after how many years...
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