Many cities and municipalities in Germany raised their property tax considerably in 2023. The average assessment rate rose by 18 percentage points to 409% - the biggest increase since surveys began. An analysis by the German auditing and consulting organization EY shows that more than 2,600 municipalities increased the assessment rate. Only around 50 of the municipalities made a reduction. This...

The supply of existing properties on the real estate market is increasing, which appears attractive to buyers due to lower prices. However, prospective buyers should find out exactly what costs they will incur. Professional estate agents can also help with this. They can inform potential buyers about the advantages and disadvantages of existing and new-build properties. Estate agents provide information, for example...

Almost a third of property owners in Germany would only carry out energy-efficient renovations if they were legally obliged to do so. This is the result of a study by ING-Direktbank. Despite the potential to increase property values and rents through such improvements, there is great reluctance. This hesitation is partly due to the confusion and uncertainty...

In the event of a change of ownership, a right of first refusal in rem for relatives takes precedence over the tenant's right of first refusal, even if the tenancy existed beforehand. This is the result of a ruling by the Federal Court of Justice (case reference: V ZR 48/23). The right in rem remains in place even after a divorce if the ex-partners have been granted corresponding rights of first refusal in rem.

The design of dining areas in kitchens is becoming increasingly important for well-being and social interaction in living spaces. In modern kitchens, dining areas are not only used for eating, but also as central meeting points for a variety of activities such as working, relaxing and socializing. This should be considered when planning. Choosing the right dining area should...

The real estate industry is facing significant upheaval, driven by technological progress and stricter climate and regulatory requirements. A study by the German Property Federation (ZIA) shows how crucial the early adaptation of sustainability, digitalization and social change is for the future direction of the industry. Companies are being...

The staircase, more than just a connection between floors, can become a real design element in the living space. A decision should be made at the start of the planning process as to whether they will be open in the room or integrated into the hallway. Open staircases can visually and acoustically connect the living space with the upper floor. The frequency of passage can be more noticeable as a result. Depending on...

In Germany, heat pumps are gaining in importance as a climate-friendly alternative. This is partly due to new legislation. This stipulates that heating systems in new buildings must be powered by at least 65% renewable energy from 2024. However, heat pumps are often at the center of misunderstandings due to their alleged inefficiency in unrenovated old buildings or...

A building insurer is obliged to advise the buyer of an insured property. This was decided by the Karlsruhe Higher Regional Court (AZ: 1 O 164/21). If the buyer wishes to take over the existing insurance or pay the premium, makes this clear to the insurer and no advice is given, the insurer may be liable for possible underinsurance....

With increasing age, the living environment becomes crucial for maintaining independence and social participation. Demographic developments call for innovative housing concepts that enable older people to live active and integrated lives in society. These concepts range from multigenerational houses and assisted living to specialized senior residences that offer a home away from...