How are the purchase fees for a property determined?

The costs involved in purchasing a property in Germany are among the highest in the world. This is one of the reasons why homeownership rates are among the lowest. Not to worry, buying a property can still be very worthwhile but you must educate yourself on the purchasing costs. Keep in mind that the main impact is that you need to stay longer in your new place for it to be worth your while. With the current low interest rates it does not take long for buying to be a better option than renting.

The purchase fees for property in Germany are as follows:

  • Notary fee: 1.50 % - 2,00 %

  • Property transfer tax: 3,50 % - 6,50 %

  • Real estate commission: 0,00 % - 7,14 %

List 1: Purchase fees for property in Germany

The fees depend on the state that you will be buying in:

StateReal Estate TaxReal Estate Agent feeNotary costsTotal
Baden-Württemberg5,00%3,57%2,00%10,57%
Bayern3,50%3,57%2,00%9,07%
Berlin6,00%7,14%2,00%15,14%
Brandenburg6,50%7,14%2,00%15,64%
Bremen5,00%5,95%2,00%12,95%
Hamburg4,50%6,25%2,00%12,75%
Hessen6,00%5,95%2,00%13,95%
Mecklenburg-Vorpommern5,00%3,57%2,00%10,57%
Niedersachsen5,00%3,57%2,00%10,57%
Nordrhein-Westfalen6,50%3,57%2,00%12,07%
Rheinland-Pfalz5,00%3,57%2,00%10,57%
Saarland6,50%3,57%2,00%12,07%
Sachsen3,50%3,57%2,00%9,07%
Sachsen-Anhalt5,00%3,57%2,00%10,57%
Schleswig-Holstein6,50%3,57%2,00%12,07%
Thüringen6,50%3,57%2,00%12,07%
Table 1: Mortgage fees based on german region

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