Helmhouse | A project by ZIEGERT Immobilien
November 18, 2024Buying Real Estate in Berlin – Guide for International Buyers
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For many people around the world, Berlin is not only a cultural and economic center, but also a sought-after location for real estate investments. For international buyers, the German capital offers promising opportunities – whether for personal residential use or as a capital investment.

When buying real estate in the metropolis on the Spree, however, there are a few special features to consider that can make it easier to get started and lead to a well-founded purchase decision. This guide sheds light on the key topics: from the choice of district to the legal and tax framework to sustainable and cultural aspects.

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1. Choice of Location and Special Districts

Choosing the right district is crucial and should be based on both long-term interests and budget. Exclusive districts such as Charlottenburg or Wilmersdorf offer an upscale quality of living and are considered stable in value. These areas are particularly attractive to buyers who want to invest in a quiet and established environment. Trendy districts such as Kreuzberg, Mitte or Neukölln, on the other hand, offer a dynamic, international neighborhood and are also very popular with younger people.

EXPERT TIP:

When choosing a location, also consider how well the infrastructure of the individual districts is developed and what developments are forecast in terms of future increases in value. Proximity to renowned schools or universities can also increase the long-term value of the property.

Particularly Interesting Districts at a Glance:

Mitte

The heart of Berlin with landmarks such as the Brandenburg Gate and Alexanderplatz - relatively high prices, but guaranteed value stability.

Prenzlauer Berg

Lively neighborhood with apartments in old buildings and international flair - ideal for young families and couples.

Charlottenburg & Wilmersdorf

The upscale residential area in the west of Berlin with exclusive boutiques and restaurants - particularly popular with a wealthy clientele.

Friedrichshain & Kreuzberg

Trendy hotspots with a creative atmosphere and multicultural character - suitable for those looking for a dynamic environment.

Have you already found your dream property and are looking for suitable financing?

Then don't hesitate and contact us today. Our experienced financial advisors will work with you to develop the perfect form of financing for you and provide you with competent and transparent support right from the start.

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2. Legal Framework and Contracts

Kaufvertrag und Notarpflicht | ZIEGERT Immobilien

2.1 Purchase Contract and Notarial Obligation

A sound understanding of the German legal situation is essential when purchasing real estate. The purchase contract is always concluded before a notary, who is a neutral authority in Germany and ensures that all legal provisions are complied with. Buyers should check the purchase contract thoroughly in advance – ideally with the support of a legal professional who specializes in real estate law. Particular attention should be paid to agreements on liability, seller guarantees and regulations on maintenance and management issues for condominiums.

EXPERT TIP:

As notaries are legally obliged to formulate the contract in German, foreign buyers should consider a qualified translation in advance or work with interpreters to avoid misunderstandings.

2.2 Land Register and Transfer of Ownership

Once the purchase contract has been signed, it is entered in the land register, a type of public register that records all property ownership. Registration is the decisive legal step that makes you, as the buyer, the official owner of the property.

EXPERT TIP:

Make sure that there are no encumbrances such as mortgages or land charges on the property in the land register that could cause problems later on. A thorough land register check is a must and can be supported by additional legal advice.

3. Costs and Fees When Buying Real Estate

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3.1 Incidental Purchase Costs

In addition to the purchase price itself, other costs and fees must be factored in, which usually amount to around 10-15% of the purchase price. These are made up of notary fees, land transfer tax (6% of the purchase price in Berlin), land registry costs and, if estate agents are involved, the estate agent’s commission. The commission is usually borne proportionally by the buyer and seller and is usually 3.57% of the purchase price. Buyers should also factor in the monthly costs for the maintenance and management of the property, especially in the case of condominiums, as there are usually house fees for communal costs.

EXPERT TIP:

The exact costs depend on individual factors. Create a detailed budget that also covers unexpected expenses.

3.2 House Charges and Reserves

The monthly house fee covers the running costs for maintenance, insurance and administration of the common property. Part of this contribution flows into the maintenance reserve to finance major repairs. The amount and use of the reserves is documented in the property management company’s annual statement.

EXPERT TIP:

Before buying, buyers should check whether the reserves are sufficient to cover future work. A low reserve can lead to expensive special levies, which are then passed on to all owners.

4. Financing Options and Tax Aspects

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4.1 Real Estate Financing

A real estate purchase can be financed with equity and/or mortgage loans. Many German banks also offer loans to international buyers, but usually on condition that part of the purchase price is covered by equity. Some banks also require a residence in Germany or other collateral. Proof of financing is usually required before the contract is signed, so it is advisable to clarify the financing at an early stage.

EXPERT TIP:

The ZIEGERT financing experts have a large network of 300+ banks in direct comparison and can advise you individually – also contractually secure in English.

Are you looking for an attractive investment property for your future financial planning?

Then you are sure to find what you are looking for with us. Put your trust in our many years of expertise in real estate investment and contact us today so that you can look forward to a secure tomorrow.

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4.2 Tax Framework Conditions

Buyers who plan to use the property as an investment should find out about tax advantages and depreciation options. In addition, capital gains from the sale are tax-free after a holding period of 10 years, which makes Germany attractive for long-term investments.

EXPERT TIP:

Ask a tax advisor about tax implications and possible benefits such as the deductibility of maintenance costs if you want to rent out the property. Depending on the country of origin, double taxation agreements are also possible and corresponding tax returns must be submitted.

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5. Property Management and Community of Owners

The role of the property management company and the community of owners also deserves special attention. In apartment buildings, a management company is often appointed to look after the communal areas. It is advisable to check the annual accounts and minutes of the owners’ meetings in order to identify any renovation costs or disputes. If major refurbishment measures are planned in the owners’ association, considerable special levies could become due in the coming years, for example. In addition, the homeowners’ association holds regular meetings at which important decisions on maintenance and management are made.

EXPERT TIP:

It is advisable to actively participate in these meetings, as this not only has an impact on the condition and value of the property, but can also be a positive factor for social integration. An active say in such communities is particularly valued in Germany.

Birdview KOKONI ONE | Living in Französisch Buchholz

6. Sustainability and Energy Regulations

Energy efficiency is becoming increasingly important in Germany. Buyers should ensure that the property meets modern energy standards and that an energy performance certificate is available. Energy-efficient modernizations can offer tax advantages and increase the value of the property in the long term.

EXPERT TIP:

For sustainable living and low energy costs, it is worth taking a closer look at the type of heating, window insulation and the overall condition of the building. If the property does not meet today’s standards, costly renovations may be necessary.

Successfully buying and reselling ZIEGERT real estate

7. Cultural Characteristics of the Berlin Real Estate Market

The Berlin real estate market differs from other cities and countries in some cultural aspects. For example, it is common for properties in Germany not to be sold furnished. Buyers should also note that apartments and houses are often offered without fitted kitchens, which can result in additional costs for equipping the property.

EXPERT TIP:

Another important point is that many sales decisions depend on personal conversations and relationships: An open, serious demeanor is welcome in negotiations.

8. Language and Cultural Support

Since the contract language is usually German, it can be useful for international buyers to consult translators who specialize in real estate law. This language service ensures that all contractual terms are transparent and minimizes the risk of misunderstandings. An understanding of cultural customs, such as punctuality for appointments or written documentation of all agreements, is also helpful.

How investors can profit from the Berlin rental market - ZIEGERT Immobilien

9. Consideration of Potential Increases in Value

As one of the most dynamic real estate metropolitan areas in Europe, Berlin has experienced enormous value growth in recent years, which will continue to offer opportunities for value appreciation in the future. It makes sense to find out about planned urban developments and the general price trend in the respective district.

EXPERT TIP:

Check the development potential of the individual districts. Condominiums in established and sought-after districts such as Mitte or Charlottenburg promise high value stability. Buyers looking for a long-term investment should consider districts with potential for upgrading, such as Lichtenberg or Tempelhof, which offer even more moderate prices compared to more central locations.

Conclusion

Buying a condominium in Berlin offers international buyers a first-class investment opportunity and the chance to become part of a vibrant and diverse metropolis. It is just as important to consider the legal framework, cultural characteristics and sustainability criteria as it is to carefully select a location and consider potential for value appreciation. A structured, carefully planned purchase process and cooperation with experienced experts guarantee a secure and successful real estate investment in Berlin.

Suitable Properties From the ZIEGERT Portfolio:

HELMHOUSE4 apartments

Inspiring aesthetics complete Senefelder Strasse to form a new whole. Where the architecture of the …

View project in detail
Berlin, Prenzlauer Berg
Unit: 6 | HELMHOUSE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,456,00011,424.98/
127.4 4 rooms1st floor
LiftBalcony / Terrace
Unit: 3 | HELMHOUSE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
2,840,00014,799.37/
191.9 4.5 roomsGF
Balcony / TerraceGarden
Unit: 9 | HELMHOUSE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,506,00011,817.33/
127.4 4 rooms2nd floor
LiftBalcony / Terrace
HELMHOUSE | | A project by ZIEGERT Immobilien, your premium real estate agent specializing in attractive real estate projects in Berlin and Leipzig.
Reichenberger Straße 1426 apartments

In the middle of Kreuzberg and yet shielded from everything that is hustle and bustle, this is a special …

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Berlin, Kreuzberg
Unit: 18 | Reichenberger Straße 142 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,995,0009,708.03/
205.5 5 roomsGF
LiftBalcony / Terrace
Unit: 22 | Reichenberger Straße 142 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,295,0009,818.04/
131.9 4 rooms2nd floor
LiftBalcony / Terrace
Unit: 21 | Reichenberger Straße 142 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,395,0009,550.22/
146.1 4 rooms2nd floor
LiftBalcony / Terrace
Reichenberger Straße 142 | | A project by ZIEGERT Immobilien, your premium real estate agent specializing in attractive real estate projects in Berlin and Leipzig.
CITYAUE5 apartments and 2 commercial units

Berlin, the city of many faces and contrasts, whose exciting polarity also comes to light at the CityAue. …

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Berlin, Wilmersdorf
Unit: 28 | CITYAUE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,190,95011,089.95/
107.4 4 rooms5th floor
LiftBalcony / Terrace
Unit: 34 | CITYAUE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,223,20012,645.51/
96.7 2 rooms6th floor
LiftBalcony / Terrace
Unit: 35 | CITYAUE | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,225,70012,424.73/
98.7 3 rooms6th floor
LiftBalcony / Terrace
CITYAUE | | A project by ZIEGERT Immobilien, your premium real estate agent specializing in attractive real estate projects in Berlin and Leipzig.
Capsule3 apartments

More than an insider tip, but fortunately not yet on everyone's lips: Wilmersdorf is the new place …

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Berlin, Wilmersdorf
Unit: 32 | Capsule | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,795,00010,390.74/
172.8 6 roomsGF
LiftBalcony / Terrace
Unit: 35 | Capsule | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
940,00010,234.08/
91.9 3.5 rooms4th floor
LiftBalcony / Terrace
Unit: 33 | Capsule | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
920,00010,016.33/
91.9 3.5 rooms2nd floor
LiftBalcony / Terrace
Capsule | | A project by ZIEGERT Immobilien, your premium real estate agent specializing in attractive real estate projects in Berlin and Leipzig.
Sebastianstraße 87, Luckauer Straße 103 apartments and 2 commercial units

The ornamental building on Sebastianstraße 87 at the corner of Luckauer Straße 10, which was constructed …

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Berlin, Kreuzberg
Unit: 8 | Sebastianstraße 87, Luckauer Straße 10 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,450,2009,600.16/
151.1 5 rooms2nd floor
Balcony / TerraceCellar
Unit: 12 | Sebastianstraße 87, Luckauer Straße 10 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
563,5607,262.37/
77.6 3 rooms1st floor
Cellar
Unit: 6 | Sebastianstraße 87, Luckauer Straße 10 | An attractive property from ZIEGERT Immobilien, your premium real estate agent in Berlin, Leipzig and the surrounding area.
1,626,90010,996.28/
148 5 rooms1st floor
Balcony / TerraceCellar
Sebastianstraße 87, Luckauer Straße 10 | | A project by ZIEGERT Immobilien, your premium real estate agent specializing in attractive real estate projects in Berlin and Leipzig.
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