Legal considerations before buying a porperty in Germany

Show notes

These are the important considerations for foreigners investing in German real estate:

  1. Residency Status: Check your residency status to ensure eligibility for property purchase.

  2. Special Cases: Foreigners acquiring agricultural land or properties near military installations may require approval. Consult relevant authorities like a notary before purchasing.

  3. Bank Account: Having your salary deposited into a German bank account can ease the financing process, as financial institutions often perform anti-money laundering checks.

  4. Tax Implications: Seek advice from a tax advisor to handle legal matters and contract negotiations, protecting your interests. Additionally, research tax laws in your home country, as some countries tax their citizens even when residing abroad (e.g., the US).

For more detailed information on these topics, **listen to the episode titled "Framework for Foreigners Investing in German Real Estate." **

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