Property are considered a safe haven

For months, real estate in Germany have a growing attention. The high demand and the growing uncertainty due to the euro debt crisis have contributed to the real estate market in Germany is currently experiencing an almost unprecedented boom. Property shall apply in those days as a safe haven. As property values, they are not nearly such strong fluctuations as stocks and other investment opportunities in the case. But it’s not just investors and investors who choose these days for the purchase of real estate. Numerous individuals choose to purchase real estate.
The high demand that is currently visible on the German market suggests, is also reflected in prices. The real estate prices have recently risen substantially. The continuous rise prevailed in all areas of the market, so that today are no longer just for homes but also commercial real estate and homes dug deep into their pockets must. One end of the price developments in real estate in Germany is still not in sight. But despite the rising price real estate experts repeatedly stress that can continue to be no mention of a price bubble. The market for real estate in Germany is still associated with a certain stability.

Cheap to build

Building or buying a home is usually a decision with which one defines and binds to several years. This applies not only to the center of life that is so cemented in the truest sense of the word, but also for the funding of the next few years.

Financing costs

The traditional bank loan is usually quite expensive. Once the party has compared several offers, he opts for a bank or mortgage lender and sign a contract. In order to secure the interest of the particular date for a period previously discussed (“fixation”). It also created so that further interest rate costs, the bank holds the mortgage as of this date is now ready, and hence requires a compensation for the non-use. This means that the borrower pays an agreed interest rate that he the mortgage not yet claimed. Especially with a new building, then also a surcharge for credit to the real estate used as the Bank sees it as a risk to fund a body shop that still has not fully equivalent.

Fixation

A cost factor is the interest rates. In periods of low mortgage interest rates you can secure these rates over several years. Are usually 10 years. Over this period the interest rates are sure to be renegotiated after that. It may therefore be a risk, since none of the interest rates predicted in the next 10 years. So who wants to hedge a fixed interest rate agreed on more than 10 years. For the bank that is a greater risk that they can pay higher interest rates. Ergo: the shorter the period of fixed interest rate, the lower the interest rate

Secure low-interest mortgage

The above factors are mostly a matter of negotiation with the bank. Here you can negotiate in a certain context (usually about 0.5) or arrange a longer period for the non-free use. The safest option for the lowest interest rates are still building savings contracts. Interest rates are usually 2% or more below the normal level and are then stable for the entire funding period. Bausparen runs over a longer period: At the beginning of the accumulation phase, which begins with a negative amount. This represents the closing costs dar. Regular savings deposits increased the assets. It is a principle that is composed 100% of contract sum allotted to 40% of the accumulated assets and 60% of a loan. The downside is a firm and rapid repayment. The loan must be within less than 10 years, repaid, so that a high monthly payment arises. In addition, the accrued interest only bad credit, usually below the current inflation rate (inflation).

Development loans

Another way of low-interest loans are the KfW loans, with which energy-conscious building should be supported. Interest rates are usually below the market level and are linked to the fact that certain energy criteria are met. This in turn is often accessible only by additional investment in the construction. Who also a Home Loan Comparison feed-through to find the banks with the lowest possible cost which is consistent with its real estate financing on the right side.

Rents in Munich

Rents in Munich went for years, only in one direction, namely upwards. The apartments and houses are still expensive, but they are no longer expensive. Asking prices for newly built apartments in Munich are dropped in the second half of 2011. The prices for the new buildings and also for the existing apartments were reached in the summer at their highest point since long, as the index shows. For a long time it seemed impossible to bring down prices. There are also at the Munich housing market is a limit to the price increases but is now probably been reached. It has not yet paid any Peris something that should change but probably. Occur on the brakes and the banks. Instead they approved a 70 percent loan to value ratio is often percent of the purchase price only 60th

For newly constructed homes in August 2011 had to pay one percent less. In the area of ​​inventory homes, there were even two and a half percent a month earlier. Experience difficulties in selling the houses are owned by the 30 to 40 years old. Even if the houses are being renovated to meet constantly and often visually just as far as the energy is no longer the standard. Are the buyers become more critical and would no longer pay any price for each offer. For some classes of objects, therefore the prices have stagnated, especially in the bacon belts Munich. Munich, but it remains by far the most expensive city in Germany. More than half of net income, many households pay for housing. There are really no limits to this upward with respect to prices. Estate Agents in Munich ahben by rising prices better chance to establish itself as in small towns. More info can be found at Real estate news.

In Abu Dhabi, the Environmental Protection implemented

Protecting the environment is currently one of the most explosive issues. All industrialized countries have committed themselves to a significant reduction of greenhouse emissions. So far, the implementation can be seen only sporadically, is only in the auto industry works hard on environmentally friendly solutions.

In the Arab emirate of Abu Dhabi, however, this year launched a pilot project that has no equal. At six square kilometers is the greenest city in the world arise: Masdar City. Cars are banned on the streets of the city, their cars have to park the owners outside the city walls. Instead, an extensive public transportation network is established. These are operated with the flow, which is obtained from a specially erected for the city solar power plant. Almost the entire power supply should be secured by this power plant. For operation of air conditioners cool the deep-lying strata is used. Need instead of 550 megawatts, the cities of comparable size, Masdar City will consume only 160 megawatts. Also, regarding the water consumption, significant savings are planned. The aim is to reduce consumption by half, which also impacts on the energy, because in the United Arab Emirates, where the tap water desalination plants in lavish prepared ready for consumption.

Also at the disposal of waste is currently being developed. As part of the “green” city will introduce Abu Dhabi as the first emirate now recyclable packaging.

In addition, strategically planned, the location of streets, the day will be mostly shady. This is the road width is much smaller than usual in the United Arab Emirates. Also, the building will be less generous. And low-standing houses are close together dominate the streetscape. Up to 20 degrees less will prevail in City-Madar.

$ 22 billion is the cost of construction of Masdar City’s about. Designed to be forward-looking city of the British architect Lord Norman Foster, who in Germany has already implemented some projects. The primary objective in addition to reducing the environmental impact is the preservation of all amenities. Masdar City is to show that exclude environmental awareness and comfort.

Property tax take shape

The coming year brings many new feature for property owners for tax purposes. What about everything during the economic crisis is already upon us is difficult to predict. Therefore, you should use the last days of the years, leading to optimal tax to next year vorzubereiten.Manches for property owners will be much easier. Who, for example, rented to relatives and therefore requires a discounted rent, can look forward to in future lower resistance of the Treasury. Previously you had to at least three-fourths of such contracts local comparative rent demand, if you wanted to costs tax deductible. It was always debatable what value of the rent index in determining the minimum rent should be paid to reason. The rent index contains almost all cases in a span. Now it is clear that the lower value may be used. This is due to a decision of the Federal Fiscal Court.

In order to adjust the rent but not always to the current rent levels, steps should be ausreizen the lower value, but allow a buffer.

Who his own home and professional use, either because he has an office set up there own business or other premises which is to be available, if he gives up again this use, the taxable portion of its hidden reserves that fall proportionately on these premises, . Here too, the Federal Finance has ruled in favor of the taxpayer, that only fifty percent of this portion is taxable, if the home is owned by a couple in equal parts.

Sometimes it is unavoidable that a building must be demolished because it does not sit down economically repaired. The costs may be tax deductible. Then you build a house on this property, you can use the tax benefit anyway, even if the previous property was rented. The only restriction: you have the buildings demolished at least three years have had, or does not play with the tax office. It then assumes that the demolition was planned purchase.