Buy Berlin property - some specific questions

Discussion in 'German Property' started by Avbryt, Jul 19, 2017.

  1. Avbryt

    Avbryt New Member

    Hi everybody,



    I have a few questions; hoping to bring some clarity.



    1.

    I know that the market for rental of apartments in Berlin is regulated.

    Is it ok to let for 9 months or has it to be at least a year?



    2.

    Looking at rental advertisements in Berlin it looks much more expensive than the regulated maximum cost in Berlin.

    Let´s say I decide to buy

    a. 30 sqm, 1 room, in Kreuzberg furnished with kitchen and overall a ok apartment.

    or

    b. 50 sqm, 2 rooms, in Kreuzberg furnished with kitchen and overall a ok apartment.



    What is a ok NKM in your opinion from your experience of the market in Berlin?



    As I understand, if using the regulated max cost calculation I could take max

    a. 320 euro/month NKM.

    or

    b. 520 euro/month NKM.



    3.

    When in the buying process; is it ok to bargain?

    Or would the makler think that would be strange?



    4.

    Does it cost anything to reserve a apartment?



    5.

    Tax

    Calculating the tax on the rental income profits, which are the costs that you can regard?





    Please come back with any input that has to do with above questions [​IMG]

    Will really appreciate the effort!
     
  2. Avbryt

    Avbryt New Member

    Frankfurt Rob, thanks for your answer.

    Your reply is lost but I will answer your questions if you are still at the forum.

    .

    Looking at rental advertisements in Berlin it looks much more expensive than the regulated maximum cost in Berlin.

    Let´s say I decide to buy

    a. 30 sqm, 1 room, in Kreuzberg furnished with kitchen and overall a ok apartment.

    or

    b. 50 sqm, 2 rooms, in Kreuzberg furnished with kitchen and overall a ok apartment.



    What is a ok NKM in your opinion from your experience of the market in Berlin?

    Frankfurt Rob:
    What is NKM? Netto Kalt Monate cold rent per month

    Answer to Frankfurt Rob: yes, cold rent.


    As I understand, if using the regulated max cost calculation I could take max

    a. 320 euro/month NKM.

    or

    b. 520 euro/month NKM.

    Frankfurt Rob:
    will answer when I get an answer to the above

    5.

    Tax

    Calculating the tax on the rental income profits, which are the costs that you can regard?

    Frankfurt Rob:
    Phew that is a big question. Mainly all your costs but principal. Your mortgage payment is 500 but 400 is principal than you can only deduct 100 of the payment. NK is 100% deductable.

    Thanks Rob!
     
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