Most apartments are part of a Wohneigentumsgemeinschaft . You will pay monthly Hausgeld for shared maintenance and administration [32].
Banks generally require a 10% to 30% down payment, especially for non-residents [23]. Steps to Purchase buy apartment in germany
The property's floor plan, land registry extract, and the "declaration of division" ( Teilungserklärung ) for apartments [4]. Critical Considerations Most apartments are part of a Wohneigentumsgemeinschaft
Obtain a mortgage pre-approval from a German bank or intermediaries like Interhyp [6, 29]. land registry extract
You should budget for of the purchase price in closing costs alone, which are typically paid out-of-pocket [15, 23, 24].
A valid passport or ID card (driving licenses are generally not accepted) [4].
Bank statements showing sufficient equity for the down payment and closing costs [4, 5.7].