A valid passport or ID card (driving licenses are generally not accepted) [4].
Typically your last three months of pay slips and your latest tax returns [4, 10].
Banks generally require a 10% to 30% down payment, especially for non-residents [23]. Steps to Purchase buy apartment in germany
Older apartments ( Altbau ) may require €30,000–€40,000+ in renovations to meet modern energy standards [11, 12].
Use platforms like Immobilienscout24 , Immowelt , and eBay Kleinanzeigen [6, 29]. A valid passport or ID card (driving licenses
You should budget for of the purchase price in closing costs alone, which are typically paid out-of-pocket [15, 23, 24].
If you sell an investment property within 10 years , profits are subject to heavy taxation unless it was your primary residence [11]. What Buying a Flat in Germany Taught Me Steps to Purchase Older apartments ( Altbau )
After choosing a property, you may sign a preliminary agreement and pay a small deposit (often €1,000 to 1% of the value) [27].