Second home tax – If you live in a city but your primary residence is somewhere else, it is a second home. If this is the case, taxes must be paid. Visit Lukinski.com. Since it is a municipal tax, it is levied by the municipality and taxes the holding of the secondary residence. The reason […]
Selling a house in Berlin Wannsee – selling an apartment, a multi-family house or your own property. Wannsee is a district of Berlin and is located in the district of Steglitz-Zehlendorf in the south-west of the city. Along with Schöneberg, Wilmersdorf, Weißensee, Grunewald and Charlottenburg, Wannsee is one of the most popular residential areas in […]
Resolution (WEG) – The resolution of a condominium owners’ association (WEG) concerns matters that were jointly voted on and decided in the condominium owners’ meeting. Explore back to overview. However, resolutions can only be passed by condominium owners if they have a statutory resolution authority. Resolution (WEG) at a glance: Result of the condominium owners’ […]
Legitimate interest – Anyone who wishes to obtain individual data on specific persons or on third-party properties must assert a legitimate interest. Accordingly, anyone who can demonstrate a legitimate interest is permitted to inspect the land register. Who can have among other things a justified interest are for example registered owners, or those to their […]
LTV – When buying a property with a loan, the bank specifies a certain limit up to which it may grant loans. The lending value included in it protects the bank in the event that the borrower can no longer meet his payment obligations and the property must be sold or, if necessary, foreclosed. The […]
Encumbrance power of attorney – The encumbrance power of attorney authorizes the buyer to encumber the property with a lien in order to finance the purchase price. Explore real estate guide. This power of attorney is only required if the buyer of the property wishes to obtain outside financing and the lender requires collateral for […]
Selling a condominium in Prenzlauer Berg is a different game in 2025 compared to five years ago: Square meter prices have stabilized after the interest rate hike, and the buyer profile has shifted — fewer speculative investors, more equity-strong owner-occupiers and family offices. Those selling here are in one of Berlin’s most expensive micro-locations, but […]
Community Property (Definition, Meaning) – If nothing else is agreed upon in a marriage contract, spouses or registered life partners live in a community property arrangement. In this case, the assets of the spouses are kept separate during the marriage, but they are combined and fairly divided upon divorce if a property adjustment is requested. […]
The land-use plan of a plot of land determines whether your buildable land will become a villa, an apartment building, or just a garden house. It legally regulates the number of floors, roof type, floor area ratio (FAR), and type of use — and can change the market value of a plot by 30% to […]
Friedrichshain is one of the most sought-after districts in Berlin — and sellers feel this directly at the market. Prices per square meter between 5,800 and 8,500 €/m² for existing apartments, short marketing times, and a strong target group consisting of owner-occupiers, investors, and international investors make the district one of the most dynamic sales […]
Construction preparation power of attorney – The construction preparation power of attorney is the authorization that the seller transfers to the buyer to be able to start with preparatory work. The scope of the power of attorney should be described exactly and the risks for the buyer should be clearly delimited. As a rule, the […]
Steglitz is one of the most desirable residential areas in southwest Berlin — and precisely this makes selling a condominium here a special task. Between historic townhouses along Schloßstraße, quiet villa streets around Bäkepark, and modern condominiums at Steglitzer Kreisel, a variety of buyer profiles collide: families from the Zehlendorf area, commuters with S-Bahn connections, […]