Get to know your district
Get to know your district
Berlin is perhaps one of the most fascinating cities in Germany. Covering nearly 341 square miles of Berlin you will find it has a unique landscape. With its many parks, lakes and wooded areas, it is sometimes easy to forget that Berlin is the capital of Germany. The history of this city has been celebrated for many years attracting tourists from all over the world. It is estimated that nearly 80% of Berlin was destroyed during the Second World War. Perhaps one of Berlin ‘s most famous landmarks is the Berlin Wall, the ‘Iron Curtain ‘which divided this great city into two halves between 1961 and 1989. The East was governed by communism while the West was allowed to develop in a capitalist democratic government. Even now, more than a decade after the fall of the Berlin Wall, the differences between East and West are still visible. Berlin is the largest City in Germany and has approximately 3,600,000 inhabitants. The city is made up of twelve distinct districts and each of these districts has its own individual charm. The districts are identified in more detail below.
Berlin and its district
FAQS - Buying a property in Germany
Unfortunately, Germany did have a decade of poor performance and were in recession due to the problems caused when the East joined the West and the demise of the Berlin Wall. However times are changing, Germany is establishing its economy, unemployment is reducing, and the financial recovery has begun. Confidence is increasing and German property availability is on the up. Property is being snapped up at amazingly cheap prices and it actually a great time to look at buying property in Berlin.
The notary system ensures safe title so the purchase of your Berlin apartment will be deemed to be safe. A notary is a public officer who takes an oath and declaration and can authorise legal documentation within the jurisdiction of the country they serve. In some countries, notaries train and many also are required to work as an apprentice before being commissioned or licensed. In general, these are lawyers who go through additional training before being allowed to practice as a notary public.
The purchase of your Berlin property investment will be just as safe as if you were purchasing a property in the UK.
Buying a house and becoming a citizen are not connected. If you meet the legal criteria, you can purchase property in Germany and apply to become a citizen.
In Germany, you can buy a home and apply for citizenship without being a German resident. Purchasing a home does not make it easier to become a German citizen.
You are a German non-resident, and you would like to invest in Germany property? At Buy Berlin as part of our one stop shop, we can offer our clients very flexible and competitive solutions to secure low interest rate German mortgages.
Working with our German mortgage brokers we are able to guide you through the application, all the documents are in easy to understand English. In normal circumstances we are able to provide a written offer for your German property purchase within 7 days.
Whether you are purchasing an existing property or a new development, we can offer you a mortgage of up to 70 % of the purchase price, a higher loan is only available for domestic buyers.
General terms are on individual apartments a loan of up to 54 per cent of the value of your property up to 340,000EUR and the possibility of 70% when the value is above this, with the minimum loan being 25,000EUR. When purchasing a block of apartments then 70% is also possible.
The interest rates are fixed (Rates are extremely low in Germany) with a flexible repayment rate between 1% and 10% which can be changed in anyone year allowing you to pay off the mortgage quicker, the choice is yours.
Finance is Subject to Status and a signed application form, a proof of income, for example tax declaration or pay slips and a proof of your deposit.
