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".

eligibility calculator

Eligibility Calculator

Eligibility Calculator
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Source of the money

Loan To Value Ratio

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Money being spent on

Total budget for real estate:

interest-rate

Current interest rates for home loans in Germany

Currently best available interest rates – although only available in German: here’s a little translation for key aspects:
Kaufpreis: purchase price of the property
Standort Ihrer Immobilie => state in which the property is located
Wie hoch ist die Maklerprovision? =>brokerage fee
Eigenkapital =>own equity
Wie schnell möchten Sie das Darlehen zurückzahlen? => repayment rate (in the first year)
Monatliche Rate => EMI
Zinsrate => Interest rate
Darlehensbetrag => loan amount

calculator

Knowing your Eligibility

Knowing your eligibility is the first step of buying your house or apartment. Nothing would be more frustrating than looking over your budget and being denied the home loan, once it comes to that stage. With the eligibility calculator below you’ll get a first indication of what amount of loan a bank believes you are eligible for. There are many if’s and but’s to be considered here. Nonetheless a first indication is better than having no idea at all.