Hello dear friends. I joined the group to share my knowledge of the West Ger real estate market…
Hello dear friends.
I joined the group to share my knowledge of the West German real estate market.
Over the years, I have invested in real estate in Be'er Sheva and Eilat.
About two years ago I set up a company in Germany to buy apartments for myself, over time friends approached me to buy for them as well.
In Germany, high yield data and the market in the region are less familiar to many investors.
Germany is the strongest economy in Europe and the real estate is stable and retains its value.
The real estate market in NRW (Düsseldorf / Essen / Dortmund) is completely different from the real estate market in Berlin. The price of the properties per bitter is low (starting from 500 euros per bitter compared to 3500 euros per bitter in Berlin).
Current yields are high 6-9%. There is a neat taboo listing on Notre's buyer name. Germany is very organized and everything is done by law.
There is an airport in the area - in Düsseldorf and in the city there are conferences and exhibitions throughout the year.
There is a large university in Essen / Duisburg 40000 students from Germany, Israel and from all over the world. The student market is growing, and some remain living in the area upon graduation, which is causing real and steady real estate demand to rise.
In addition, there are large companies that employ thousands of employees.
In Germany every apartment has a neat management company that takes care of everything with reliability and transparency. An investor in Germany needs to open a bank account, and the rental deposits are made directly into an account in Israel. You don't have to come to Germany and everything can be done from the country.
Anyone who wants to reach and withdraw money can from any ATM in Europe.
Anyone who wants to fly to Dusseldorf has a direct flight from Israel.
Germany has similar laws to Israel in terms of taxation and a tax treaty with Israel.
In Germany, refugees from all over the world are absorbing mainly from Syria, causing high demand for rental in the region.
I would love to contribute from my experience and knowledge to the team members.
Hello, I would love for real estate analysis tools / sites in Germany
Best regards
Asaf
cannon!
ben shamir Pay attention to the topic of parcels
2. It was unclear whether to open an account there. Can't the funds be transferred through a company like coversea?
1. I would be happy if you considered the issue of refugees that came up in several messages as problematic.
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How do you deal with 17% - as a starting point?
Rafael Shpiz I looked at a deal in Germany and dropped it when I realized that acquisition costs were very high: 7% brokerage + 6% purchase tax +% 3 notary + 1% mortgage broker
How about Leipzig mother in East Germany
How the area in terms of investment
Say, foreigner is true that in real estate in Germany you basically profit only from the rental yield and can not really profit from selling the property at the price you want, because regulation and supervision are very strong and they actually dictate the price you can demand and of course only a certain percentage increase? A friend who was thinking of investing in Germany told me this. It's not just in Germany by the way
I also invest in this area.
Agree with all of the above.
I will add three other advantages:
1. One of the value-added circles lies in splitting apartments into buildings and turning one building of 6/8/10 apartments that cannot be sold individually into 6/8/10 apartments that are for sale on their own.
The split process takes about a year and its cost is not high (around 1000 euros).
The average German looking to buy an apartment will look for an apartment in the building and not the entire building. This causes a constant lack of individual apartments and hence an increase in the price of such apartments.
The parcellation process raises the value of apartments by 20% -30%.
2. Another advantage of investing in this area:
The legal option to raise the rent by 20% every three years.
Another advantage - buying properties in the "Gush Dan" cities around the "Tel Aviv" in West Germany such as Düsseldorf (which in many ways behaves like a realtor like Tel Aviv) and the prices that rise there spill over to surrounding ring cities such as Oberhausen, Bochum, Mulheim and more.
In conclusion:
Germany +
West Germany +
Levin cities near big cities +
Buying a whole building +
50% fixed rate mortgage around 2% +
Split +
Improvement +
Raise rent every three years +
Realization after 5-7 years =
Real estate investment with a current flow of 5% -8% plus a significant increase at all (anyone interested in more detail including IRR is welcome to contact me).
Shabbat Shalom.
1. Thanks
2. If I have to open an account name and the money is transferred directly to Israel ... then how did you write that withdraws from an ATM
3. What about taxation
How many management companies are taking
5. How to monitor them
Hi there, I'd love to hear more details