Privately owned housing in Emsdetten

The houses that are for sale in Emsdetten are mostly provided by real estate agents or banks. Flats are rather provided by real estate agents than by private people as well. Buying or renting a house or flat is quite expensive in comparison to other towns in the surrounding. I did a research to find out how much flats in Emsdetten cost. When people look for flats with two bedrooms which are provided by real estate agents or banks, the prices are between €608-€825 per month. The price depends on where the flat is located, how old it is and how many square meters it measures. Three bedroom flats cost €680-€800 per month. The price for a two bedroom flat provided by private people is €760-€850. Flats with three bedrooms cost €860 per month.

The prices for flats are more expensive than in other towns because the demand is very high. When looking for flats on websites like “ebay-kleinanzeigen.de”, which is very popular in Germany, there are many people that are looking for flats in Emsdetten. So when a flat …

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How to get a mortgage in Germany

The rights to a real estate property that are held by the person who owns the property (house, land, apartment etc.) are given to a bank in order to receive other benefits in return. These benefits are usually cash benefits. The mortgage is used in banking as security for loans. The possible amount of the mortgage is determined by the value of the property. Mortgages can be given by banks. In case people need help regarding mortgages there are different branches that can help. Mortgage brokers help people to arrange the mortgage between the borrower and lender and a real estate agent helps buyers and sellers find or sell a property. Getting a mortgage has several advantages such as that the interest rates are generally lower than for other types of borrowing and that a mortgage is easy to repay due to it is repaid little by little on a monthly basis. But a mortgage can also be disadvantageous because the interest rates on mortgages are changing from time to time and can increase suddenly o the borrower has to pay …

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Apartments and their prices in Emsdetten

The town Emsdetten provides houses and flats either for rent or to buy them. To find them, it just needs some clicks on your computer or your cell phone because the best offers can be found on the internet. Though the internet is a convenient and fast opportunity to find an apartment, there are other opportunities such as the banks, estate agents or reading through the newspaper. In Emsdetten there are provided many different kinds of apartments, for example small flats, villas or multiple-family houses. But what can be said based on a research is that the provided houses in Emsdetten are rather old buildings than new buildings. Emsdetten has many beautiful places, for example near the river Ems so you have a view on the river. The town also has many parts that are good for families because they are quiet. For example a part of town that is called Austum where do live quite many families with children. The area is quite, has a park near it and also a kindergarten. Emsdetten has many areas like that. Regarding …

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How to live in subsidized housing and the rules

In Emsdetten, a town with about 36.ooo inhabitants, people have the opportunity to apply for living in subsidized housing. But how does it work, how do people apply for it and under which conditions do people have to live to make use of it? To make use of subsidized housing people need a certificate of eligibility for a council flat (in German: Wohnberechtigungsschein). To get this certificate, people have to meet several conditions. In a single household the net income must not exceed 1.800€. When two people live together their net income combined has to be under 2.700€. When parents live with one child the net income including child benefit must not exceed 3.340€. The more children a family has, the higher the number becomes. Not only families or people of a certain age can apply for the certificate. Pensioners whose income is too low, young people who study or are trainees, disabled people and single parents are able to apply for the certificate as well. That means that not only people that do not earn enough money can apply …

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Social housing in Germany

Social housing is the state-sponsored construction of housing, especially for social groups that cannot meet their housing needs on the free housing market. In addition to the personal conditions, which the tenants in Germany must prove with the residence permit, there is a cost rent, as stipulated in the German Housing Binding Act.

As the number of available social housing units in Germany has been drastically reduced, other possibilities for an adequate housing situation for people are now additionally being used to ensure that people have adequate housing. The self-organisation of the inhabitants plays an important role, because they may have to take care of an apartment that meets all the requirements and does not exceed the amount of the financial assistance.

The Social Housing Promotion Act regulates housing construction and other measures to support households with rented housing and the creation of owner-occupied housing for households who cannot adequately provide themselves with housing on the market. In addition to the creation of affordable housing, the acquisition of owner-occupied residential property for a wide range of population is also to …

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How to buy a house in Germany

The property prices in Germany depends on the location of the property (for example living environment and view), the features of the land and of the building (for example the size, the number of rooms and the type of the house). About fifty percent of the people who rent an apartment want to buy a house, but the costs for a one or two-family house in Germany are on average two thousand five hundred to three thousand euros per square meter. Many people cannot afford that.

To get a mortgage in Germany they must be at least eighteen years old and have equity of at least twenty percent of the mortgage value. Many legal regulations concerning the purchase of a house can be found in the Civil Code.

People who want a mortgage must submit various documents to the bank to prove their creditworthiness. For example, the bank requires the last three salary statements, the last income tax assessment, current pension information and the proof of further loans. Self-employed persons must provide additional evidence, for example an extract from the …

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Wuppertal Geography and Facts

Wuppertal is the biggest city in the nearby area which is called ‘’Bergisches Land’’. With a population of over 354.000 people, the city takes up an area of about 169.000 square km. This makes Wuppertal the seventeenth largest cities in Germany. 

The coordinates of the city are: 51°16′12″ N; 7°10′03″ O.

The Wupper river, where the city gets its name, is a 116km long river that flows through the heart of the city. Wuppertal has several villas dating from the 18th and early 19th century when the city as it is today was founded. There are also more than 4500 protected historic monument buildings within the city. The main feature of the city is the suspension railway system. It is a unique means of transportation, which consists of a train turned completely upside down that runs over the Wupper River. 

Wuppertal is the biggest city in the area, and known for its steep slopes and lush woods and parks. the city is also the greenest city in all of Germany, with two-thirds of the entire municipal area being covered in green. 

The area around …

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Property Market in Wuppertal, Germany

About the City:

Wuppertal is a city in North Rhine-Westphalia in the west part of Germany. There’s a population of about 350.000, and the name Wuppertal comes from the river ”Wupper” which flows through the city. Some key characteristics of the town include the suspension railway, ‘’Schwebebahn’’, the university and the Pina Bausch dance theater. The Schwebebahn is one of the defining features in Wuppertal, due to the fact that the train is actually upside-down.

Areas in Wuppertal, Germany

As in all other countries, the market in Wuppertal is divided into rental properties and properties to buy. Wuppertal is also divided into 6 different sectors, which have a strong influence on rental and purchase prices. Barmen, Elberfeld, Vohwinkel, Cronenberg, Ronsdorf and Beyenburg all have different prices for various types of properties. 

Prices for renting and buying

The cheapest area to buy and rent in Wuppertal is Elberfeld and the highest prices are found in Cronenberg. The prices generally start at 6.01 EUR/m² and goes up to 8.36 EUR/m².

For buying a house in Wuppertal, expect to pay 2.442,05 EUR/m² at …

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German Property Market – Rules, Regulations and Taxation

Legal Restrictions

There are no specific legal restrictions on cross-border real estate investments in Germany for foreigners. Normally a valid passport and an adequate capital will be sufficient to purchase property. It should be noted that private investors will not be given residential status merely by acquiring property in Germany, as is the case in some other European countries.

With regard to indirect real estate investments, however, some general rules apply. They are laid down in different laws and are binding for both foreign and domestic investors.

Ownership in Germany

The owner of a property is generally in possession of both the plot of land and any buildings upon it. The rights to ownership and inheritance are guaranteed by law.

If an investor acquires a single flat in a multi-family house, it is a matter of property ownership. However, this property ownership does not entail ownership of the land and building associated with the property. Instead the investors obtain a co-ownership share of the jointly owned property which the flat is a part of. 

According to private law, the owner …

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Dortmund Property Market – areas, prices and average costs

Areas and Districts

The city of Dortmund is divided into twelve distinct districts. All city districts are then subdivided into a total of 62 statistical districts. Some of main, more well known districts include Downtown-West, Downtown-North, Downtown-East, Eving, Scharnhorst, Brackel, Aplerbeck, Hörde, Hombruch, Lütgendortmund, Huckarde and Mengede. 

Price fundamentals

Housing prices in Dortmund depend greatly on a number of factors, not unlike any other city. As any good realtor will tell you, pricing is mainly contingent on location. After that buys and sellers look for things such as year of construction, the condition of the property, living space, date of last modernization, final energy requirement (e.g. quality of insulation), surroundings, neighbourhood, car parking spaces or garages and much more. For this reason the following information may differ.

Development of prices / rents

The Empirica Price Database and others form the basis for the following comments on the property price development in Dortmund:

Depending on location, interior or other criteria from above, the current rent for an apartment in Dortmund are somewhere in between 7 € and 12 € per square …

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