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What is depreciation in Germany

AfA – depreciation for property or buildings

Depreciation has a direct tax-reducing effect on income from letting – without a outflow of cash out of your pocket. This also applies to properties that can be sold tax-free in accordance with Section 23 of the Income Tax Act (EStG). The depreciation claimed over the years reduces the acquisition or building costs of the property that can be deducted from the sale proceeds.

how long does it take to buy a house in Germany

How long does it take to buy a house in Germany – Journey to Homeownership

For many expats moving to Germany, buying a home is not just a financial investment but a significant step towards laying down roots in a new country. The process, while exciting, may for the most be unfamiliar, full of buerocracy ( we have guidelines for everything) and perhaps even more lengthy than in your home country. This guide aims to demystify the timeline of buying a home in Germany, providing expats with a clear understanding of what to expect and how to navigate each step – Basically answering the question: "How long does it take to buy a home in Germany".