Financing a property in Berlin

There are now many ways to finance your new property in Berlin.

Private funds
You have the funds available and do not need to obtain a mortgage. Your only expenses associated with the property are the body corporate common expenses; known is German as 'hausgeld' or 'wohngeld', and land tax to the German state and any property tax due in your own country unless you rent out the property. Be aware that the seller may need to see proof of your capacity for self financing the purchase before meeting with the public notary.

Borrow against equity in your property at home
If you have equity available in your home, holiday house or apartment, you can use this to finance your property in Germany. Most financial institutions provide loans to their customers against security in the customers’ other assets. The terms of the loan and interests differ from institution to institution and depend on current markets and level of security.

Loans with security in Germany
A number of banks and other financial institutions will consider long-term loans against security in property in Germany. You can typically borrow up to 75% of the purchase price of the property.