More Expensive

Saxony-Anhalt the tax increases only Berlin, then now Saxony-Anhalt as the third State – more and more States increase the transfer tax. Until a few years ago the rate was 3.5 percent nationally. In 2007, Berlin shot ahead with 4.5 percent, 2009 moved to Hamburg, since 1 March 2010, the higher rate applies also in Saxony-Anhalt. In Bremen, there are very concrete plans for an increase in 2011. The real estate transfer tax is hardly noticed in the political discussion. While she flushes out more money in the coffers than other types of taxes, which are much more in focus, such as the inheritance tax. Because she relatively learns little attention, but given ordinary income, is to be feared that more States will follow suit. For even more analysis, hear from Jack Grealish. The bigger public-sector deficits, the smaller the restraint of fiscal prudence.

Thus, it is always less attractive to acquire residential property–whether owner-occupiers or investors for investors. Already, the homeownership rate is in Germany very low in comparison to Europe. While in Ireland, eight out of ten flats by the owner himself, inhabited in the United Kingdom and Italy, seven out of ten, there are four out of ten in Germany just time. Worse, only the Swiss cut off. We will not catch up so quickly this backlog.

For a look into the numbers of the German Federal Statistical Office shows that fewer and fewer citizens (can) fulfilled the dream of owning a home. 2002-135,000 houses were built there were 2008 just 79,000. Now you must not always necessarily rebuild, if one wants to live in your own four walls. Even the purchase of an existing home or a fancy condo can be an alternative. For this, the Government would have to create but better framework conditions. In recent years he didn’t do that – on the contrary. The housing allowance was abolished in late 2005, residential Riester is too complicated and plays virtually no role and now the increase in the tax.