Local Berlin newspapers have been predicting an upcoming rise of real estate sales tax, from 5% to 6%. Now is the time to buy your dream home in the majestic city of Berlin. While a full percentage point might seem like a small increase, it can add up significantly when purchasing your home and land. For every 100,000 Euros a future homeowner spends, they will pay additional 1,000 Euros in taxes for that purchase. With a million-Euro property, that is an amazing 10,000 Euros in extra taxes. This change in tax property rate is the result of decreased subsidies from German states within the 2014/15 budgets. Such decreased subsidies must be compensated for in some way. It is possible for this trend to continue in the future.
There are many different homes and properties available in the greater Berlin area. Imagine seeing all the beauty, entertainment, and fine dining of Berlin by just walking out your door.
Being the actual owner of a home is the dream for many people. It makes sense financially. Instead of one’s cash going towards rent, you will be building equity in your own home. Renting gives you no lasting wealth from your hard-earned money. Read more