Charming three-family house from 1938

The responsible expert committee evaluates all property sales and uses them to determine location-specific "standard land values", which are generally published every two years. These averaged prices apply to average plots of land in a defined area with a specific development potential at a given point in time.

The amount of repayment determines the total term of the financing.

The risk profile of the property should be comprehensively assessed as part of a "due diligence", i.e. a simple consideration of the gross yield (annual rent : sales price x 100) is certainly not sufficient. This involves a large number of assessment steps, which are only presented as examples in the context of this blog.

When buying a property, you must expect the following ancillary acquisition costs: Land transfer tax, notary and land registry fees, brokerage fees and bank charges.

The buyer can often incorporate his or her own ideas regarding the interior and room design.