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Berlin Buying Process

The purchase process

Each country has its own culture, its own laws, regulations and proceedings. In order to invest in Berlin successfully, it´s important to know each market.

When purchasing a property in Berlin the buyer has to pay some additional costs, like in the U.K., which are divided Associated costs of the buying process.

1. Government transfer tax: 4.5% (on top of the value of the property)
2. Agent fee: around 3.57%
3. Notary/legal fee: 2.5%

An important factor to note with regards to the German property market is that the purchaser and the seller pay the estate agent fee. These fees range from 3.57 to 7.14% of the purchase price.

Costs associated with the purchase

An important factor to note with regards to the German property market is that the purchaser and the seller pay the estate agent fee. These fees range from 3.57 to 7.14% of the purchase price.

Typical example:
Purchase price: 80,000 Euros
Government transfer tax @ 4.5% = 3,600 Euros
Agent fee @ 3.57% = 2,856 Euros
Notary/legal fee @ 2.5% = 2,000 Euros
Total price: 88,456 Euros (£62,750 approx).

Please note that agent’s fees may vary dependant on the agent used.
This saple has been calculated between 10-12% of the purchase price and it will give you a more or less figure.
The Notary is an independently appointed legal body to ensure buyer and seller protection during the purchase/sale.
Transfer tax is set by the Government and is the equivalent of stamp duty in the UK.