mortgage interest, repairs and maintenance) from any income received from renting the property. The German tax system allows landlords to deduct costs incurred in generating income from rent (e.g. If you decide to rent your property in Germany you can take advantage of some attractive tax incentives.

Removal costs, if you are using a moving company.

Since December 2020, it has been a legal requirement for the seller and the buyer to split the estate agent's fee equally between them.

If you used a real estate agent to help you find a house you may incur charges, somewhere in the region of 3,5 to 8% of the sale price, plus VAT at 19%. The charge for these services is usually around 2% of the property’s sale price. Purchase contracts in Germany must be signed in the presence of a notary, who also records the property sale in the land registry. Altogether, they amount to around 15% of the purchase price: Notary & Land registration fees Taxes and fees for homebuyers in Germanyīelow is a quick overview of the taxes, costs and fees incurred when you buy a property in Germany (often referred to as “closing fees” or “purchase fees”). Make sure you are aware of all the costs before you commit to buying a house in Germany.

There are lots of hidden fees and taxes involved as well. No matter where in the world you are, buying a house is never purely a matter of the asking price.

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