Getting a mortgage in Germany
Calculate mortgage rates in Germany
I want to purchase a property for € 340,000 in with a down payment of € 50,000 with a 2 % annual principal repayment.
Buying a property in Chemnitz
Purchase fees in Chemnitz
Whether you are buying a property as a primary residence, second home or investment property, every state in Germany has their own singular purchase fees.
These fees are composed of the notary fee, real estate commision, and property transfer tax.
When buying a property in Chemnitz the notary fee is 2% of the property price, an amount that remains constant throughout Germany.
The use of a real estate agent to acquire a property in Chemnitz adds a commision of 7,14% to the purchase fees, where 3,57% is paid by the buyer and 3,57% of the commission is covered by the seller. However, in certain cases, depending on the size of the property price, this amount can be negotiated. Newly built projects, or properties bought directly from a distributor are typically commision-free.
Finally, the property transfer tax amounts to 3,50%. Together the purchase fees in Chemnitz are either , or , depending on whether you have used a real estate agent when you purchased your property.
To find out more about how the property transfer tax varies by state in Germany, click here .
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