Anyone doing RE in Germany? - Posted by J in GE

Posted by will on February 12, 2001 at 10:58:48:

as you probably noticed already , Europe is overpopulated and land is at a premium.
forget about buying creatively , you need to be loaded with cash .
Prices are sky high and most people rent their entire lives and rarely move , which makes it a landlord paradise.
Junkers are virtually non-existent.
their lending policies are extremely strict , which makes it easy to sell creatively to excellent buyers ( their B and C buyers would be A+ in the U.S.).
To all of you whining , you don’t know how good we have it in the U.S.
only in America you can be broke and with bad credit and still be able to buy a high ticket item such as a house.

Anyone doing RE in Germany? - Posted by J in GE

Posted by J in GE on February 12, 2001 at 04:00:52:

I just recently moved to Germany and was wondering if anyone has any experience with this country.


Re: Anyone doing RE in Germany? - Posted by Judd

Posted by Judd on February 13, 2001 at 12:35:39:

Besides ultra high costs, the taxes on the sale/purchase are astronomical. It would be very difficult to make $ on residential. One exception (which I think has run out now) was a five year government incentive (zero tax on the property or value gained)shortly after the wall came down. Not usually feasible for foreigners even if living there long term.
Anyway, best of luck, things may have changed since I was there.