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Rates updated daily (Last updated on September 15, 2019)
Buying a property in Munich
Purchase fees in Munich
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 commission, and property transfer tax.
When buying a property in Munich 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 Munich adds a commission 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 commission-free.
Finally, the property transfer tax amounts to 3,50%. Given a property price of € 400,000, the purchase fees in Munich are either , or , depending on whether you use a real estate agent when you purchase your property.