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More Expensive

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Saxony-Anhalt the tax increases only Berlin, then now Saxony-Anhalt as the third State – more and more States increase the transfer tax. Until a few years ago the rate was 3.5 percent nationally. In 2007, Berlin shot ahead with 4.5 percent, 2009 moved to Hamburg, since 1 March 2010, the higher rate applies also in Saxony-Anhalt. In Bremen, there are very concrete plans for an increase in 2011. The real estate transfer tax is hardly noticed in the political discussion. While she flushes out more money in the coffers than other types of taxes, which are much more in focus, such as the inheritance tax. Because she relatively learns little attention, but given ordinary income, is to be feared that more States will follow suit. The bigger public-sector deficits, the smaller the restraint of fiscal prudence.

Thus, it is always less attractive to acquire residential property–whether owner-occupiers or investors for investors. Already, the homeownership rate is in Germany very low in comparison to Europe. While in Ireland, eight out of ten flats by the owner himself, inhabited in the United Kingdom and Italy, seven out of ten, there are four out of ten in Germany just time. Worse, only the Swiss cut off. We will not catch up so quickly this backlog.

For a look into the numbers of the German Federal Statistical Office shows that fewer and fewer citizens (can) fulfilled the dream of owning a home. 2002-135,000 houses were built there were 2008 just 79,000. Now you must not always necessarily rebuild, if one wants to live in your own four walls. Even the purchase of an existing home or a fancy condo can be an alternative. For this, the Government would have to create but better framework conditions. In recent years he didn’t do that – on the contrary. The housing allowance was abolished in late 2005, residential Riester is too complicated and plays virtually no role and now the increase in the tax.


Portfolio Manager

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Munich is the most expensive real estate market in Germany. Tenants pay 13 euros per square meter on average. While you complain one under the high rent, the others see as an opportunity. “Because who today in Munich to buy an apartment as an investment, can expect to be able to rent them reliably and at a high level”, says Michael Balek, Portfolio Manager at the Munich-based Group of euro Grundinvest. Bavaria’s Metropolis enjoys the reputation of a safe harbour”in the euro crisis.

A balanced economic structure and low vacancy rates guarantee stable prices for real estate investors. Also, the hotel market is benefiting from the growing tourism. Prudential has similar goals. That come more and more tourists, especially from the BRICs, in the city, also strengthens the prospects in the residential real estate sector. The Bavarian capital with their mix scores from global players, and medium-sized companies as tenants of commercial premises. The reason for the high rents is the discrepancy between supply and demand. Since the permanent demand, the offer new housing, however, slowly grows, thus increase the prices. Munich’s population is steadily rising. Due to the demographic situation, it is foreseeable that a geburtenstarke generation will live in the next few years.

Urbanization will draw young people into the cities. About the legacy of the generation of economic miracle”, most real estate experts agree, is to a high demand for new construction real estate in metropolitan areas continue. This development offers investors two quite different opportunities”, so Michael Balek. For those who can find a long-term commitment of capital and at the same time bring the necessary financial means, should over the purchase of real estate as an investment think so, for example, a condo. However, those who are looking for a shorter capital, may also only require far less capital than you for the purchase of a condo in Munich, offers “Euro Grundinvest investments with above-average return in a short term at.” More information: